Get A Car Title Loan In Prescott
Online title loans are now available to anyone in Prescott, AZ, who can verify their income and owns a paid off vehicle. You can borrow $2,000 or more with a secured title loan and won't need excellent credit to qualify. A lender holds your car's title as collateral, and you pay off the loan in 12 to 36 months.
Best of all, it takes less than 30 minutes to submit your application and process your loan. Sometimes, you can complete the inspection and sign your contract with a local lender that day! After that, you can get cash within 24 hours of applying with us!
Requirements For Online Car Title Loans In Prescott
You must own a vehicle to qualify for an online title loan in Prescott, AZ. The car needs to be paid off, and there has to be a pink slip showing you as the only owner. There can't be a cosigner on the title, and you may need to bring in the vehicle for a quick inspection.
Other requirements include proof of income from your bank or employer and MVD documents showing the vehicle has proper registration and insurance coverage.
Online registration loans are also available in Prescott, typically requiring far less than a title loan. You'll need to prove that the vehicle is registered in Arizona, and most companies will ask for proof of employment through bank statements or pay stubs.
You may have noticed there's one requirement missing from this list, and that's having a good credit score! Here at Desert Title Loans, we don't require good credit and some customers can be approved without a standard credit check! When it comes to title loans, your FICO score is not as important as the equity from your vehicle and that's the main qualifying standard that's used to determine your loan details.
Loan Amounts And Interest Rates For Prescott Title Loans
Loan amounts with a car title loan in Prescott depend on your vehicle's value, income, and current lending conditions. Online title loans in AZ come with funding amounts of $1,000 or more, and in some situations, you can borrow upwards of $15,000 with a high value vehicle or one with less than 50,000 miles. Vehicles with a resale value of $8,000 can get you a loan amount of at least $4,000, assuming you can borrow up to 50% of the equity. The interest rate on a title loan or registration will be high, and that's common in nearly every situation where you use a vehicle as collateral. Look for an APR of 40% to 140% with a typical title loan.
Repaying A Lender In Prescott, AZ -How Does It Work
Repay your title loan with a payment you and the lender can agree upon. The payoff term will typically last 8 - 48 months, and some lenders offer early payoff discounts if you can repay your loan beforehand.
You may wonder what happens if you miss a payment. Well, that's not something you want to do, as a lender may repossess your car if you cannot repay your car title loan. That's why you need to contact a lending agent if you face a situation where you default or fall behind on the monthly payments. While only a few companies in Prescott Valley have local offices, you should find a lender that allows you to call or email them anytime to negotiate an alternate payoff plan or see if they can refinance the loan with a lower interest rate.
Apply With Desert Title Loans Online And Get Same Day Cash
If you need cash fast, one option is to get a car title loan in Prescott, AZ. If you want the convenience of applying online, Desert Title Loans can help when other companies deny your application because of a bad credit score or insufficient collateral. We're not a direct lender, meaning we don't offer cash loans or hold your vehicle's pink slip as security for a loan. Instead, we work with companies throughout Prescott and Sedona and will try to connect you with a top company in your neighborhood.
Apply with Desert Title Loans to borrow $1,500 with your vehicle as collateral, and most customers can get approved with just the equity from their car, truck, or motorcycle. Apply online or call 623-526-5001!
Other Cities In Arizona: