When faced with unexpected expenses, you might consider title loans or registration loans in Peoria, AZ. Both loan types allow you to borrow money quickly using your vehicle, but they have key differences.

If you’re unsure which loan is right for you, this guide will help you understand:

• How title loans and registration loans work
• Key differences between them
• When to choose one over the other

Title Loans in Peoria, AZ – How They Work

A title loan allows you to borrow money using your vehicle’s lien-free title as collateral.

Key Benefits of Title Loans:

• Borrow up to $15,000 (based on vehicle value)
• No credit check required – Your car title secures the loan
• No proof of employment needed
• Keep driving your car while repaying the loan
• Apply online and meet us at a location of your choice

When to Get a Title Loan:

• You own your vehicle outright and have a lien-free title
• You need to borrow a larger amount (up to $15,000)
• You don’t have a checking account
• You have poor credit but still need emergency cash

Learn more about title loans in Peoria, AZ.

Registration Loans in Peoria, AZ – How They Work

A registration loan lets you borrow money using your vehicle’s registration, even if you don’t own the car outright.

Key Benefits of Registration Loans:

• Borrow up to $900
• No need to own your vehicle outright
• No vehicle inspection required
• Fast approval process

When to Get a Registration Loan:

• You don’t have a lien-free title but need an emergency loan
• You only need a small loan amount (up to $900)
• You don’t want a vehicle inspection
• You have a steady income and fair credit

Learn more about registration loans in Peoria, AZ. 

Title Loans vs. Registration Loans – What’s the Difference?

Now that you know some of the differences between title loans in Peoria, AZ and registration loans in Peoria, AZ, you should know the similarities. Knowing both the differences and similarities can help you evenly compare these loans and make your decision. So, here are some similarities you should know about.

Perfect Credit Isn't Needed

Whether you choose to get a title loan or a registration loan with us, you won't have to worry about your credit score. Here at Fast Auto Loans, Inc., we work with people from all kinds of financial backgrounds. After all, we understand that your credit score could be low through no fault of your own. Do keep in mind, however, that we will check your credit for registration loans.

There Are No Early Repayment Penalties

When it comes to some traditional bank loans, you could be charged extra fees if you try to repay them early. However, when it comes to registration loans in Peoria, AZ or title loans in Peoria, AZ at Fast Auto Loans, Inc., you do not need to concern yourself with these extra fees. So, if you get an influx of unexpected cash, you can put it toward paying off your loan without penalty.

Similarities Between Title Loans and Registration Loans

Despite their differences, both title loans and registration loans in Peoria, AZ offer:

• Fast Cash: Get approved in as little as 30 minutes
• No Early Repayment Fees: Pay off your loan anytime without penalties
• All Credit Types Welcome: You can apply even if you have bad credit

Where to Get Title Loans or Registration Loans in Peoria, AZ

At Fast Auto Loans, Inc., we offer both title loans and registration loans with a quick and simple process.

• Visit our Peoria, AZ store
• Apply online and schedule an appointment
• Get cash in as little as 30 minutes

Find a loan location near you.

What You Need to Apply for a Loan

To apply for a title loan, bring:

• Lien-free vehicle title in your name
• Valid driver’s license or state-issued ID
• Your vehicle for a quick inspection

To apply for a registration loan, bring:

• Valid vehicle registration
• Proof of income (pay stubs, bank statements, etc.)
• Valid driver’s license or state-issued ID

Apply for a Title Loan or Registration Loan in Peoria, AZ Today!

Once you've decided which type of loan you want to get, complete our online request form for either loan on our website. A loan representative will guide you through the rest of the process and get your appointment set up. So if you need quick cash to handle an emergency, decide between our registration loans in Peoria, AZ or our title loans in Peoria, AZ, and start your loan application now!.

 

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