What Kind Of Vehicles Are Accepted For A Title Loan In Phoenix, Arizona?

Did you know that not every vehicle can be accepted for a title loan in Phoenix, Arizona? Lenders would typically not accept motorboats and motorcycles, for example. Furthermore, you won’t qualify for a loan if your vehicle title is not lien-free or if it's not in your name.

Let’s dive deeper into the topic and find out what you can do to get your car accepted for a title loan.

Vehicles Accepted For A Title Loan

There are a few things about your vehicle that you would have to take into consideration before figuring out whether or not it would be accepted for a car title loan.

Type Of Vehicle

Not every vehicle can be used to apply for a loan. The majority of lenders, for example, do not work with motorcycles and motorboats (unless they specifically state that they have motorcycle title loans).

But you have nothing to worry about if you have a car, a pickup, or a minivan as lenders typically work with these types of vehicles.

Status Of The Title

The status of the title is, perhaps, the most important factor that you would have to bear in mind when applying for a title loan in Phoenix, Arizona.

There are two main things that you would have to check:

1. The title must be lien-free. This means that you won’t be able to qualify for a title loan if your car has not been fully paid off yet.
2. Your name has to be on the vehicle’s title. If the title is not in your name, you would have to pay a visit to the DMV to get it transferred. If there is another name mentioned on the title, you may not qualify for the loan unless it is removed. If there is an ‘or’ or an ‘and’ between the two names, you may want to check with the lender to see if this is a non-starter.

Value And Condition Of The Vehicle

You would typically be able to qualify for a title loan, no matter the year, make, or model of your vehicle, but the amount of money that you can receive would fully depend on these factors.

The older the car and the more the mileage, the lower the market value of the vehicle (unless it’s a vintage model), and so on.

Remember that accidents can contribute to the value of the car as well. So, if the vehicle has gone through quite a lot, you should not expect the sum that you might qualify for to be extremely large.

How To Get A Title Loan In Phoenix, Arizona Without Leaving The House?

At Home Title Loans works only with licensed vendors who are committed to making the process of getting a title loan extra convenient. One of the biggest benefits that you might be able to take advantage of is not having to leave the comfort of your home while getting approved for a title loan.

So, what exactly would you have to do?

1. Fill out a short online inquiry form. At this point, you would only have to provide some general information, like your name, phone number, and so on. After that, the specialists at At Home Title Loans will find the lender that best fits your needs and pass your contact info to the loan representative at that location.
2. The agent will then call you to arrange an appointment. And the best part is that the store representative can meet you at your house or at any other location of your choice. No matter where you decided to invite the agent, or if you prefer to visit the store, make sure that you have your lien-free title and photo identification (state-issued ID is required) on hand.
3. Upon arrival, the agent will evaluate your vehicle (offering an amount of up to $15,000), verify your VIN number, and have you sign some papers.
4. If you are approved, the loan documents will be sent to you by email for an e-signature, and the emergency title loan will be cash deposited directly into your bank account the same day or the next business day.

Get Approved For A Title Loan Today!

If you have a car with a lien-free title, then your vehicle might get accepted for a title loan in Phoenix, Arizona. The best part about doing business with At Home Title Loans is knowing that the company values your time and that the representatives will always treat you with the respect you deserve.

Furthermore, there is no need to step foot in the store. Choose the location where you’d like to meet the agent and receive the money that you urgently need in the shortest timeframe possible. Start the process by filling out the inquiry form right now.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.