Do you know how much your car is worth? The value of your car directly affects how much you can get with a car title loan in Phoenix, AZ.
Are you wondering how all this works? Use the following FAQs to learn about the process. You might be surprised at the amount you can get when you secure a car title loan in Phoenix, AZ.
What are car title loans in Phoenix, AZ?
A car title loan is a short-term loan that provides quick cash. Often, the funds are available in as little as one business day. To secure the loan, vehicle owners put their cars up for collateral. If they do not pay back the loan, they must surrender their vehicle as payment. However, they are allowed to keep the car and continue driving it while paying on the loan.
How much money can I get with a car title loan in Phoenix, AZ?
The answer to this question depends on your vehicle. How old is the car? What is the make and model? What is the current condition of your vehicle? Typically, lenders offer no more than 50 percent of the value of the car for an auto title loan. This amount is usually determined by the vehicle’s Kelley Blue Book value.
However, just because your car is listed with a value of $10,000 doesn’t mean you can count on securing a $5,000 loan. Lenders may offer closer to 25 percent of the value for some vehicles and situations. Again, the loan amount offered is affected by the condition of the car, its mileage and other factors the lender may consider.
How can I find out how much my car is worth?
If you are curious about the amount you may be able to secure for your car title loan in Phoenix, AZ, a good place to start is Kelley Blue Book. You can search the Kelley Blue Book website to determine the current value of your vehicle. This will give you a good starting point to know how much money you might get from a lender for your car title.
Who can help me with car title loans in Phoenix, AZ?
If you have determined that you can get the amount you want from your car’s value, the next step is to contact a lender that offers car title loans in Phoenix, AZ. Look for a reputable company that offers fair terms and up-front conditions. Review all terms and conditions so you are clear about your responsibilities and the risks involved.
Secure Your Loan
If you’re looking for a local source of car title loans in Phoenix, AZ, look to the professionals at Cash-N-Go Auto Title Loans of Phoenix. We offer a comprehensive range of loan options based on your short-term financial needs, and our team can get your title loan funded in 30 minutes. We offer low rates and payment plans that will fit your budget, with no prepayment penalties or hidden fees. No credit required! Reach out to us today to get started!
Categorised in: Title Loans