Borrow Up To $20,000 In Gilbert Using Your Vehicle's Equity
Are you struggling to make ends meet? Yes, you can borrow cash with a payday loan or line of credit, but these unsecured loans are impossible if you have poor credit. One type of loan to consider in AZ is a title loan, and Desert Title Loans offers fast approval online. Anyone in Gilbert who owns a lien-free car can qualify.
Your vehicle's equity secures your loan, and you can be approved without a credit check. Borrow anywhere from $200 to $20,000 in Gilbert and pay off the loan over 12 to 48 months. Yes, interest rates are high, and you could lose the vehicle to repossession if you default on the loan. But if you have nowhere else to turn, a title loan may be a viable option if you have equity in your vehicle and proof of income.
You may wonder if your paid-off car will qualify as collateral, and that's a fair question if it's an older model with over 150,000 miles. But for those with newer vehicles, you stand a decent chance of being approved if the car is titled in your name. We provide access to title loans on Ford, Toyota, and all other vehicles registered and insured in Arizona. We even offer fast approval with the highest loan amounts on EVs. Most Teslas are valued at $40,000 or more, meaning you can borrow a considerable amount with a Tesla or other vehicle as collateral, and there are minimal credit requirements.
Many people who turn to a vehicle secured loan are surprised to learn how easy it is to get approved with us. Start your application online or call us at 623-526-5001, and we will get you an estimate in less than 30 minutes. You'll then set a time for a brief vehicle inspection, sign the loan paperwork, and after that, you can pick up the funds in person anywhere in Gilbert or have the money sent to a checking account via direct deposit. The entire approval process takes less than 24 hours when you apply online with us.
Four Ways To Borrow Money With Desert Title Loans In Gilbert
- Car Title Loans:
- Use your car's equity as collateral
- Loan amount is often 40% to 65% of the car's resale value
- You can keep driving the vehicle while making the payments
- Registration Loans:
- The vehicle registration (not the car's title) is used as collateral.
- Loan amounts are lower than those for a title loan, often $200 to $1,200.
- You can get funded in less than an hour with a lender in Gilbert
- Title Loan Buyouts:
- Desert Title Loans works with licensed companies that want to buy out your existing loan.
- Your existing loan is paid off, and your new lender will offer you a new APR and payment terms.
- Some loan buyouts have lower rates than the original loan.
- Avoid a repossession.
- Title Loan Refinances:
- Refinance your existing loan with a new interest rate and repayment amount.
- Get better terms with a lower monthly payment and faster payoff.
- Restructure an existing loan to prevent default and keep payments current.
- Desert Title Loans can provide a refinancing quote within an hour.
Estimate what your vehicle qualifies for with our title loan calculator.
Gilbert Loan Options At A Glance
- Borrow 40% to 65% of your vehicle's value — EVs and Teslas may qualify for higher amounts
- Repayment terms of 12 to 48 months with no prepayment penalty
- APR starts at 40% — compare quotes from multiple licensed lenders before signing
- Behind on an existing loan? Ask about a loan buyout to avoid repossession
All loans are subject to Arizona Revised Statutes Title 44, Chapter 2.1 regulatory caps. Keep driving throughout the loan term. The Gilbert MVD is located at 75 W Civic Center Dr — visit azdot.gov/mvd to confirm current hours before visiting.
See My OptionsCan You Qualify In Gilbert With Bad Credit?
If you have bad credit, don't rule out a car title loan or a semi-truck title loan in Gilbert, AZ. We even offer fast approval for motorcycle title loans. Most newer motorcycles can qualify for a loan of $1,000 or more as long as they're titled in your name, have full insurance coverage, and have up-to-date registration.
It may be surprising, but these secured loans don't require an excellent credit history. Instead of underwriting the loan based on your FICO score, a lender is more interested in the equity in your vehicle.
Some customers with classic vehicles valued at $50,000 or more may be approved for up to $20,000. So please don't deal with the stress of applying with a conventional lender only to fail their credit check. Apply online with Desert Title Loans or call 623-526-5001 to pre-qualify even if you don't have good credit.
What To Expect For An APR And Monthly Payments In Gilbert
Interest rates for a title loan in Gilbert are similar to those offered in other parts of Arizona. The APR for loans over $500 starts at 40%, and some companies have rates approaching 100%. Upcoming lending laws in Arizona may cap these rates, but lenders are currently free to charge market rates for interest and other fees. Because of the high interest rates on both title and registration loans, it's best to compare quotes from at least 3 lenders in Gilbert and choose the one with the best repayment options.
The monthly payment depends on your income and the final loan amount. You can pay as little or as much as you please, but you still must repay the loan per the contract you signed. Monthly payments range from $100 to $1,000, and you can often pay more than the minimum each month to pay down the balance more quickly.
Regarding your loan payoff terms, it's important to understand that the sooner you pay off your loan, the sooner you'll get your pink slip back. Some lenders in Arizona offer repayment terms of 48 months or more, but these lengthy terms are not advisable, as most of your payment will go toward interest charges. It's best to stick with a lender that offers 12- to 48-month repayment terms.
Apply With Desert Title Loans
Apply with Desert Title Loans online or call 623-526-5001 to see how much your vehicle is worth and the different loan options available in Gilbert. We offer pre-approval in 30 minutes when you submit your vehicle information and contact details online. If the vehicle is valued at $4,000 or more, you can qualify. We'll work to get your application processed and underwritten in just a few hours, aiming to match you with one of several licensed lenders in Gilbert.
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