How Do Title Loans Work in Az
The Way Arizona Car Title Loans Work
If you are interested in how title loans work in Az, we are here to help you, we will explain how you can get the most money by using your car title as the collateral to secure the loan.
How title loans work in Arizona is simple, you will need to have a car that has enough wholesale value in it, we will use the wholesale value as the equity, and we can get you up to 80% of the wholesale value.
If you have a car with enough equity in it, we will then need to see that you have the monthly income to support the car title loan in Arizona.
Your proof of income will also determine how much money you will qualify for, we need to make sure that you will be able to afford the monthly payments.
You will need to provide detailed photos of your car, showing the inside and the outside. You will also need to take a photo of the odometer reading, to show the mileage.
How Car Title Loans Work In Arizona
Your name must also be on the title, if your name is not on the title, you will need to go to your DMV, to get it transferred, we will not be able to help you unless the title is in your name. The title will be the security on the loan, and a new lienholder will be on it.
Proof of your residence is also essential, you can use a utility bill or any bill in your name going to your home address. This will be your proof of residence.
You will also need to have insurance on the vehicle, and the lender will need to be the new loss payee, so if anything happens, the lender will be paid first, so your title loan will be insured.
5 personal references will be needed, and the full names, addresses, and phone numbers of all five people will be needed.
If you already have a car title loan in Arizona, but you aren’t happy with the lender, or you want to get better terms, sometimes getting out of an Arizona title loan can be difficult.
Contact us today, we will refinance your title loan, and get you into one with better monthly payments, and a lower interest rate, you do not need to be stuck in your title loan.
Your Car Title Loan Az
Here is the list of requirements that you will need for you to get the right online car title loan in Az:
- You must have the title in your name, if it is not in your name, you will not be able to get a title loan in Az. You will need to go to your local DMV so that you can transfer it into your name.
- Your proof of your monthly income will also determine how much money you will be able to get.
- Vehicle insurance
- Five personal references.
- For your vehicle inspection, all you have to do is to submit some photos of your vehicle, we will need to see the interior, and the exterior, as well as the mileage on your vehicle.
- For your proof of your residence, all you need to do is to sunlit a current utility bill that is in your name, that goes to your home address.
Conclusion The Way Car Title Loans in Arizona Work
Choosing the right car title loan company in Arizona is important, you want to make sure that you are going to get the right terms, and affordable monthly payments.
Title loans in Arizona are legal, but the lender has to have the correct license to be able to offer car title loans. It is better to choose a company that specializes in title loans, we can guide you, and place you with the best company for you.
The process to get a car title loan in Arizona is straightforward, TFC Title Loans make it as easy as possible for you to get the money that you need.