If you live in Scottsdale and need cash to pay for everyday expenses you may want to consider an auto title loan online. Compared to personal loans and unsecured loans you can borrow larger amounts and there’s far less dependency on your credit score. These loans use your vehicle title as collateral and you can borrow a percentage of your car’s equity. Title loans are easy to qualify for as the main requirement is often based solely on your vehicle and most people can get approved within a few hours or less.
Title loans are available in amounts up to $5,000, depending on the value of your vehicle. Loan terms vary, but most title loans must be repaid within a matter of months. Some lenders in Scottsdale will allow longer payoff amounts that can reach 2 to 3 years, but remember the longer you stretch out the payments the more money you will pay out in interest.
Title Lending Requirements in Scottsdale, AZ
You can apply for a title loan online or directly at a local lender’s office. To qualify, you must be 18 years old and have a clear title to your vehicle with no liens against it. You will also need to provide proof of income and residency in Arizona that shows you live in the state. Some companies will also require a copy of your vehicle registration and documentation which verifies the car is insured up to the full resale value.
Bad Credit Car Title Loans In Scottsdale
Bad credit is often not a problem when it comes to getting approved for car title loans in Scottsdale, as the loan is based on your vehicle equity and not your credit history. However, some lenders may still check your credit score to get a better idea of your ability to repay the loan. For those who have a recent bankruptcy or loan default on their record, some finance companies may require a cosigner on the loan in order to get approved.
No matter how you compare things, it’s much easier to get cash with a secured loan if you have bad credit versus an unsecured loan. Finance companies want to know about the vehicle’s equity and they will mostly look beyond your poor credit history.
Applying Online or In Person?
When you’re ready to apply for vehicle title loans in Scottsdale, you can either fill out an online application or visit a lender’s office in person. Applying online is convenient and often faster, as you can typically get pre-approved within minutes and have the money deposited into your account within a few hours or days. If you would rather apply directly with a company in Scottsdale then you may even be able to get your cash quicker.
Applying for an Online Title Loan in Scottsdale
Applying for online title loans with no inspection is a fast and convenient way to get the cash you need without having to leave your home. The application process is simple and can be completed in just a few minutes. You will be asked to provide generic vehicle information that includes your car’s make, model, and year as well as the current mileage and whether on not the vehicle is in good driving condition. Once you have submitted your application, a representative from the lender will contact you to discuss loan terms and options. If you are approved for the loan, the money will be deposited directly into your bank account within 24 hours.
Applying For Title Loans With A Direct Lender In Scottsdale, Arizona
When you’re ready to apply for car title loans in Scottsdale, you always have the option of applying with a company that’s based within the city. The advantages of working with a lender in your neighborhood are clear. You’re able to get the money you need quickly, often on the same day that you apply. You can also receive personalized service and have any of your questions answered in person. And if you’re approved for a loan, you may be able to get your cash even faster than if you had applied online.
No matter which option you choose–applying online or with a direct lender–you can be sure that title loans in Scottsdale, AZ provide a quick and easy way to get the cash you need. These loans are available in large amounts and have flexible repayment terms, making them a great option for those who need financial assistance. And because they are based on your vehicle equity, they can often be obtained even if you have bad credit. So if you’re on the fence about whether to get a secured loan, take note that you have multiple ways to apply. The first step is to determine if a title loan is your best option and from there you can make an informed decision.
Rates And Payment Amounts For Scottsdale Title Loans
The loan amount you’re able to get with a title loan in Scottsdale will be based on the value of your vehicle. The average loan amount is $1,500, but some lenders may offer up to $5,000 for qualifying vehicles. In terms of repayment, most title loans are due within 6 months to a year but can be extended if necessary. Some lenders may also offer flexible repayment plans that allow you to make smaller payments over a longer period of time.
When it comes to interest rates, title loans typically have higher APRs than traditional loans from installment lenders and banks. However, because title loans use a vehicle as collateral a lender may view the loan as less risky than an unsecured personal loan and the interest rate may be a bit lower. Either way, the rates on car title loans are often higher than 100% in Scottsdale and you need to be diligent in making extra payments each month to pay off the loan early.
How To Apply Now For Online Title Loans In Scottsdale, AZ
Are you ready to see how much cash you can get for your car? Here at Desert Title Loans, we help borrowers in Scottsdale who apply for title loans online. Apply online or give us a call and we’ll let you know what type of financing terms to expect for an online car title loan!