Are you located in Lake Havasu, Arizona, and find yourself in need of quick cash for emergencies? If the answer is yes, registration loans in Lake Havasu City AZ may be the right option to help you with your financial dilemma. But you might ask, what are registration loans anyway? 

Registration loans are a type of personal loan where your car registration is used as collateral to secure loan money. Keep reading this guide to learn the four things you must remember when you are looking into getting fast cash with registration loans.

4 Things To Keep In Mind For Arizona Registration Loans 

1. You Are Not Required To Own A Vehicle 

The first thing you should know is that you are not required to own a vehicle to get this loan. This is where registration loans in Lake Havasu City AZ differ from title loans where you would used your auto title as collateral to secure a loan. Unlike a title loan, you do not have to provide proof that you fully own the vehicle and are finished paying it off.

To put simply, since the car’s registration is the collateral, you aren’t penalized if you are still making payment on your vehicle! So, if you purchased a vehicle from a dealer and are still making payments on it, you can use your car's registration for a registration loan. This is what makes registration loans a good alternative. This helps many people who have cars in their possession but do not have the title in their name yet. Just make sure the registration is from state of Arizona and in your name.

2. Lenders Require Vehicle Registration To Be In Your Name

As we said above, your vehicle’s registration must be in your name for you to use it here as collateral. It's good to remember that you cannot simply show up and apply for your Lake Havasu registration loans by providing someone else's vehicle registration. For you to find out if you can be accepted for approval, you must provide a vehicle registration that is in your legal name. It cannot be in your wife's or your husband's name on the car's registration either.

If your spouse wants to apply for Arizona registration loans and the car is registered in their name, then they would have to be the ones to complete the process – you cannot do it on their behalf. Another thing to note, since this loan is unique to the state of Arizona, the car registration must be registered in Arizona as well. Unfortunately, you cannot bring a car registration that's in your name but from another state. So, if you have a car registered in AZ and in your name, you will be able to apply for this loan.

3. Loan Amount Depends On Credit History

Credit history isn't always required with different loans. However, when you are looking for registration loans for bad credit in Lake Havasu City, AZ, we here at Fast Auto Loans, Inc. are required to run a credit check on you before we can tell you if you qualify for approval. If you don't know what your credit score is at this time, you can check it for free at FreeScoreOnline.com to get an idea of whether or not you can qualify for this kind of loan. And if you fear it isn’t, you can still reach out to us to find out, or if you own your vehicle, look into our title loans instead! 

4. Arizona Driver's License Or ID Is Required

Remember, when applying for Lake Havasu registration loans AZ, in addition to having an Arizona car registration in your legal name, you must provide proof of a valid Arizona driver's license or another state-issued photo ID. If you've recently moved to Arizona, please wait until you receive your Arizona driver's license or ID, as well as your AZ state issued car registration before you come see us for this kind of loan.

Keep in mind that you cannot apply with a different state's driver's license and car registration even if you could show proof of employment within Arizona. Even if you go for our title loan, you still need to have your Arizona driver’s license or state-issued ID, so it is important you wait until you have either the driver’s license or ID before you come in. And as soon as you've got your valid Arizona driver's license or photo ID, you are good to go!

Apply For Lake Havasu Registration Loans With Us Today!

Are you in a financial bind and are thinking about getting a short-term loan to help you out? You may need to pay an urgent bill, cover a medical bill, or cover urgent travel expenses. Whatever your need may be,  same-day registration loans Lake Havasu AZ may be the right loan option to get you the quick cash you need.

Remember the four things listed in this article to get fast cash with registration loans and begin the simple process with the help of Fast Auto Loans, Inc. To get started now, fill out the online form on our website to speak with a loan representative about your registration loans in Lake Havasu City AZ today.

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