The holidays are a wonderful time of year to spend with the people you love, but they can also be an unusually expensive time of year. Between shopping for groceries for your guests, buying gifts and decorating your home for the holidays, chances are you racked up quite a lot of expenses over the last couple of months. The good news is that there are financing options out there for you if you’re struggling to make things work after the holidays. Here are several reasons why you should consider car title loans in AZ:
- Consistent payments: Many traditional loans have variable payments that can fluctuate based on interest calculations and other factors. With car title loans, you have a flat monthly payment that stays consistent for the duration of the term of your loan. You can easily factor your loan payment into your budget since you know exactly how much it’s going to be for the entire time that you are paying it off.
- Fixed rates and interest: Lots of lenders offer variable interest rates and fluctuating loan terms that change as you pay off your loan. Some institutions advertise several months with 0.00 percent APR, for example. These gimmicks are designed to attract prospective loan applicants to submit financing applications, but they are often not as beneficial as they appear at first glance. Variable rates and interests can lead to unpredictability and make it more difficult for you to budget for your loan payments. With a car title loan, your interest rate is fixed from the beginning, and you don’t have to worry about unexpected changes.
- Short terms: Credit cards, personal loans and other loans from traditional lenders and institutions often have terms that are several years long or more. With car title loans in AZ, you can have your loan paid off within a matter of months. This short loan term gives you the ability to get your finances back in order and cover necessary expenses without taking out debt or credit for years at a time that you struggle to pay back.
- Less risk of overspending: When you get approved for a line of credit, it can be tempting to spend more money than you should on unnecessary purchases or discretionary items. With a car title loan, you can’t spend more money than you borrowed, which can help motivate you to stick to a more disciplined spending plan that helps you maintain healthier finances.
Learn more about car title loans in AZ
You can secure your car title loan today when you stop by Cash-N-Go Auto Title Loans of Phoenix. Since 2000, we have been happy to provide car title loans in AZ to a wide range of customers. We know that it can often be challenging to get the financing you need from traditional lenders and banking institutions, and that’s why we’re proud to offer a reliable alternative. If you want to learn more about car title loans or apply for your own loan, you can call us or stop by today.
Categorised in: Title Loans