When you need quick cash, there are two types of emergency cash loans to consider are title loans and registration loans. While both use your vehicle to help you borrow money, the process and requirements are different.

In this article, we’ll explain why you might need a registration loan and when it’s a better choice than a title loan.

What Is An Arizona Title Loan?

Arizona title loans, also known as collateral loans, are when you borrow cash by using the vehicle’s title as collateral. Fast Auto Loans, Inc. can provide title loans between $300 and $15,000. To obtain a title loan, you need three things:

• A driver’s license or state-issued photo ID;
• A lien-free title to your vehicle to use as collateral;
• Your vehicle is used for inspection to determine the amount you could receive.

Keep in mind that you must finish paying off your vehicle and have the title in your name prior to coming in for a title loan.

Learn more about title loans in Arizona

What Is An Arizona Registration Loan?

A registration loan is a loan that you get regardless of whether you’ve finished paying off your vehicle or not. Plus, you do not need to have anything put up as collateral for this kind of loan. This loan considers your vehicle’s equity instead. The items you need to obtain a registration loan are as follows:

• A driver’s license or government-issued photo ID;
• The registration of your vehicle.
• An active checking account in your name;
• A valid Social Security number.

That's it. You don't need to bring your vehicle in for inspection at all. You just need to provide these items, and you can get through our simple process. With this type of car equity loan, you can get up to $900.

Apply for a registration loan today

When Registration Loans May Be A Better Option Than Title Loans

Now that you know what each loan is, you can go on to see when a registration loan might be a better option. There are several times when a registration loan could be a better option than a title loan. Here is what you need to know to make your decision.

1. You Don't Have Full Ownership of Your Vehicle

A title loan requires that you have a lien-free title in your name. This means that if you have yet to pay off on your vehicle, you cannot obtain a title loan.

This isn’t the case with a registration loan. The loan is issued using the registration of your vehicle and considers its equity. Even if you have financing still due on your vehicle, you will have 100% ownership over the registration.

2. You Aren’t Able to Drive Your Vehicle

As we do not need to inspect your vehicle for a registration loan, you don't need to bring it into a store to complete the application process. This means that a registration loan could be an option for those who want to borrow cash against a vehicle, but can’t, for whatever reason, drive the actual vehicle over. Just make sure you have a valid driver’s license or state-issued ID.

3. You Don’t Need to Borrow Large Sums Of Cash

Registration loans will be for smaller sums of cash than a title loan. Since both loans are designed to help cover emergency expenses, you likely want to keep the amount that you want to borrow to the absolute minimum.

There is no sense in borrowing a lot of cash against the title of your vehicle when you only need to borrow a small amount of cash against the registration of the vehicle. Since you are borrowing smaller sums of cash, the debt will likely be easier to pay back as well.

4. Your Vehicle Needs Repairs and Can't Be Inspected

When you take out a title loan, you need to have your vehicle inspected. This is to check the overall value of the vehicle. You don't need to worry about that with a registration loan. You only need to worry about bringing the registration along. 

This means that a registration loan could be an option for those who need vital repairs carried out on their vehicle. These are repairs that could potentially impact how much somebody is going to be able to borrow.

Emergency Cash Loans to Pay Urgent Expenses

Fast Auto Loans, Inc. can be an option for those who need instant cash loans, like a registration loan to cover emergency expenses such as:

• Medical bills;
• Traffic tickets that are on the brink of being sent to collections.
• Prevent rent from going late;
• Repairs to a vehicle;

How To Apply For A Registration Loan Online

Applying for a registration loan in Arizona is fast and simple. Follow these steps to get this car equity loan started:

• Fill out the short inquiry form on our Fast Auto Loans, Inc. website.
• A representative will call you to discuss the details and confirm the required items.
• Visit a nearby location with your documents to complete the process.
• Get approved and receive your cash the same day!

Need cash now? Start your registration loan application today!

The inquiry process can be started online and takes as little as 30 minutes to complete. Once that’s done, one of our agents will contact you to walk you through the application process. You’ll then need to head to one of our store locations with the required items.

We will assess your items and determine if you qualify for approval and for how much. If you are approved for a registration loan, then you could potentially receive your cash the same day. This can help meet emergency expenses sooner rather than later.

Why Choose Fast Auto Loans, Inc.?

If you’re dealing with an unexpected expense but don’t own your vehicle outright, a registration loan can provide quick financial relief.

Why Choose Fast Auto Loans, Inc. for vehicle equity financing?

• Fast approvals – get cash in as little as 30 minutes!
• No vehicle inspection required!
• Borrow up to $900 with a simple process.
• Get cash the same day you’re approved!

Don’t let financial emergencies stress you out. Inquire about our registration loans now to get started!

Apply For Your Registration Loan Today!

Need cash? If you want to borrow money against the value of your vehicle with a collateral loan, but the vehicle still has outstanding finance on it, a registration loan could be the option for you.

Fast Auto Loans, Inc. can provide a registration loan of up to $900 in just 30 minutes. It all begins by filling in the short inquiry form on our website.  

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