If you have been wondering, "Can I pawn my car and still drive it?" you aren't the only one. Some may think that acquiring fast cash for your car title or registration means you have to give up driving it while you make your repayments.

However, Fast Auto Loans, Inc. allows you to receive cash without losing your car when getting a car title or registration loan. With this guide, we'll explain how you can receive title loan cash by pawning your car title through a title loan or by getting a registration loan without having to give up your vehicle.

Can You Keep Driving Your Car While Pawning It In Arizona?

At first thought, you might assume that the answer to the question “Can I pawn my car and still drive it?” is an immediate no. However, that isn't the case when you get a title or registration loan from us at Fast Auto Loans, Inc. We understand your car is your lifeline, helping you get to work, take the kids to school, and do your weekly grocery shopping.

We don't want to take one of your only reliable transportation options away while you repay a title or registration loan for a financial emergency. With our title loans and registration loans, you can continue driving your vehicle as normal while repaying. Remember that for either loan, we are using the title or the registration as collateral – not the vehicle itself. Stick to the repayment plan, and you'll be all set.

Why Would Someone Need A Registration Or Car Title Loan In Arizona?

Title loans and registration loans are for those in need of immediate monetary help due to a financial emergency. Many issues can arise that someone does not have the proper financial planning to handle. For example, you could be driving down Roosevelt Row in Downtown Phoenix when a reckless driver rear-ends your vehicle. You may not have the money to pay for thousands of dollars of auto repair costs to fix the back of your car or medical bills for severe car accident injuries.

This is where a title loan or registration loan can come into play. You can pawn your car title or registration at Fast Auto Loans, Inc. to receive a quick cash infusion for a financial emergency. This can also include paying for your bills, rent, mortgage, home repairs, medical bills, etc. If you need quick cash today for a financial emergency, you can get a registration or title loan for cash without losing your car.

What Is A Title Loan And How Can It Help Arizona Drivers With Fast Cash?

If you're wondering, "Can I pawn my car and still drive it? “getting a title loan may be an option for you. To qualify for a title loan, your vehicle must be fully paid off before you can see us at Fast Auto Loans, Inc. You won’t qualify for a car loan if you still make payments.

On that same note, your vehicle’s title must be lien-free and have no outstanding liens or judgments. We use your vehicle’s title as collateral, which means placing a lien on your title until you fully repay the loan. We can’t do that if your title already has a lien on it.

Your title also needs to be in your name. You don't legally own the vehicle if your name does not appear anywhere on the title. If you need to change the name on the title or remove any liens, you’ll have to go to the DMV.

Can You Get A Registration Loan in Arizona If You Are Still Making Car Payments?

Arizona residents who want to continue driving their vehicle while paying off a loan but still have outstanding car payments can seek a registration loan. This type of quick cash loan is unique to Arizona, as it is the only state allowing registration loans. Arizona does not offer payday loans but allows those in financial emergencies to pawn their vehicle registration to receive fast cash.

Like title loans, Arizona registration loans don’t use your vehicle as collateral, so you can keep driving while you repay this loan to us. Unlike title loans, registration loans use your vehicle’s registration as collateral.

The difference in collateral means you can still make car payments and determine if you qualify for this loan. We don’t require that you be done paying off your vehicle. However, we do require that the registration be in your name and valid in Arizona. We also will need to run your credit before we tell you if you qualify for approval and how much we can lend you.

What Are The Differences Between An Arizona Car Title Loan And Registration Loan?

In Arizona, people seeking a car title or registration loan must bring different required items to a Fast Auto Loans, Inc. location. For a car title loan, you must bring your driver’s license, a lien-free vehicle title in your name, and your vehicle for inspection. For a car registration loan in Arizona, you must bring your driver’s license, a valid social security card, an active checking account in your name, and an Arizona motor vehicle registration in your name.

The main difference between the two is that a title loan requires a car title, and a registration loan requires the registration. A car title loan requires the driver to fully pay off their vehicle, whereas Arizona drivers can get a registration loan even if they are still making payments.

The cash value you can get from both loans is also vastly different. Arizona drivers who seek a car registration loan can get up to $900, whereas those looking for a title loan can receive up to $15,000. The approval process for both can also differ, as Arizona has different steps for receiving a car title and registration loan.

What Is The Process For Pursuing A Car Title Loan In Arizona?

You can seek a car title loan when you need fast cash for emergency bills and still wish to drive your vehicle. If you qualify, you can get anywhere from $300 to $15,000 from an Arizona title loan. Representatives at Fast Auto Loans, Inc. can walk you through the process to help see if you can get approved with a few quick and easy steps.

The following are the steps to get approved for an Arizona title loan:

• Complete the online form found on our website to get a call from one of our loan representatives at the nearest Arizona title loan location.
• The representative will discuss the process and ensure you have the necessary documents. They’ll also ask where you'd like to meet for the vehicle inspection since you don’t have to do the inspection at the store.
• Arrive on time with your required items. The loan representative will analyze your documents and quickly inspect your vehicle to establish whether you qualify.
• If you do qualify, they will go over our loan terms and help you finish the paperwork. Once you sign, you will get the amount you were approved for on the same day or the next bank business day.

What Do You Need To Do To Qualify For An Arizona Registration Loan?

The process for seeking approval for an Arizona registration loan is similar to a title loan. You need to gather your required items and head to a Fast Auto Loans, Inc. location for a representative to see if you qualify. However, the representative will have to look for items different from those for a car title loan, such as your registration and social security number.

The following are the steps for seeking an Arizona registration loan:

• Complete the online form on our website to receive a call from us. Make sure you select registration loans from the dropdown menu since we also offer title loans.
• We will call you to discuss the rest of the process and requirements, where you can ask questions. We will also set up an appointment for you. Unlike title loans, you need to come to the store to complete the process.
• When you arrive, one of our loan representatives will analyze your documents and run a quick credit check to determine if you can gain approval.
• If you are approved, we'll help you finish the paperwork and go over the terms of this loan as well. Once you are done signing everything, you can get the money either on the same day or the next bank business day.

Get Title Loans Or Registration Loans From Fast Auto Loans, Inc. Today

When it comes to the question, “Can I pawn my car and still drive it?” the answer is a resounding yes at Fast Auto Loans, Inc. By taking out an Arizona title or registration loan, you can keep driving your car while you repay the borrowed loan amount. All you need to do is adhere to the repayment plan, and you're good to go.

If you live in Arizona and need quick cash for a financial emergency, the representatives at Fast Auto Loans, Inc. can help to see if you can get approved for a car title or registration loan. Get a title or registration loan today by completing our easy online request form. The application and approval process can take less than 30 minutes, possibly leading to you receiving your fast cash that or the next business day.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.