Need A Car Title Loan In Phoenix?
Apply today for a title loan on your paid off vehicle with Express Car Title Loans. We offer fast 24 hour funding in Phoenix with loan amounts on newer vehicles averaging $3,000!
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- No Faxing Required
- No Need To Check Your Credit
- Loan Amounts Up To $50,000
- Instant Online Approval
Rates & Terms To Expect With A Car Title Loan in PHX
The APR for a title loan in Phoenix is based on lending regulations in Arizona. As of 2024, title loans of $500 to $5,000 have an interest rate of 14% monthly. Loan amounts of $5,000 or more will have an interest rate of 10%. Repayment terms for title loans in Phoenix range from 8 to 48 months.
Requirements For Car Title Loans In Phoenix
Vehicle Ownership: You must have a paid off and loan-free title for the car you intend to use as collateral. Most vehicles that are 2009 and newer will qualify for A title loan in Phoenix, AZ.
Identification: Provide valid identification documents such as driver's licenses or passports to verify that you are the owner. If you don't have a valid ID, you can get a replacement driver's license or state ID at any MVD location in Arizona.
Income Verification: We need to verify you have the income to repay the loan, whether through pay stubs or bank receipts. In some cases, you can provide proof of income through social security documents or other government documents.
Registration: We need to confirm your vehicle is registered in Arizona.
Insurance: We need proof of comprehensive insurance coverage. The vehicle needs full insurance coverage in case it's stolen or damaged in an accident.
Inspection: This is the final process where we verify that your car is in good condition. The inspection takes less than 40 minutes, and most customers can get their funds during the same visit.
Bad Credit Title Loans In Phoenix - How Do They Work
Getting a title loan in Phoenix is possible if you have bad credit or no credit history! The difference between us and traditional personal loan lenders is that we offer a secured loan that uses your car as collateral. Don't worry. You can keep driving your car as normal while making payments on the title loan. You can get the title back once you pay down the loan balance! One drawback of these bad credit title loans is that you'll get a high interest rate, and that's common with most customers here in Arizona. We recommend that everyone shop around for the best deal and apply for a refinance or loan buyout after you've made consecutive on time payments on your title loan.
What Are The Benefits Of Title Loans In Phoenix
Lower Rates: Express Car Title Loans offers the best rates in Phoenix. We won't stop you from comparing quotes to get the best deal, but we're confident you'll get the lowest APR with Express!
Flexible Repayment Plan: We will work hard to get you the best deal and monthly payments on your loan. Call us if there's ever a time when you can't make a payment or need a quicker payment term. Express Car Title Loans will work with you to get the best rates on a Phoenix title loan!
Save Money: Don't worry about additional fees or charges. There are no early prepayment penalties with a title loan in AZ! We offer lower rates, lower payments, and a faster payoff, which means more money in your wallet!