Car registration loans in Arizona has to do with using your vehicle registration as collateral to obtain a loan. Many people tend to confuse title loans with registration loans, the two are different. With a registration loan, your car title is not needed. Just have your car registration available then you are good to go.
Car registration is usually provided by the dealer you buy from. On the other hand, you can also register your car with your MVD or other agencies that take care of car registrations thus if it’s not in your name as the owner. This is how you are able to get a car registration.
A vehicle is never yours if you can not provide a proof of your car registration in your name. Your car registration should be done in Arizona if you need a loan in that state. Note that without a car registration there is no way a lender will provide you with a loan. Lenders want to make sure the car is yours and the registration is in your name.
How registration loans work
You don’t necessarily have to present your car for inspection, the most important thing is that, you have a car registration in your name. But some lenders will request for inspection on your vehicle, it’s uncommon. Residents of Arizona can get from $200 to $5,000.
Don’t be scared if you have a poor credit or no credit history. It’s not very important here, as long as you meet their requirements, you will get a registration loan.
Car registration loans in Arizona requirements
Are you looking for car registration loans in Arizona and don’t know what is expected of you? Here is what you need to know.
- A car registration in your name from Arizona or Vehicle Identification Number (VIN).
- Valid identification card
- A checking account, debit card or pre-paid debit card for receiving fund.
- Provide a proof of income.
- You must be 18 years and above.
- Be a resident of Arizona (Show proof).
How to apply for car registration loans in Arizona
The process is very simple and fast. You can apply for registration loan online, in person and on phone. There are several online lenders that are ready to serve the people of Arizona. You will just have to find a lender, complete a form within few minutes and submit. When approved, you will receive your money through your bank account or debit card.
You can also visit a registration loan near me in Arizona. When you visit their offices, a customer service representative will assist you in complete their form. You will get your money on the spot if approved.
On the other hand, you can stay in the comfort of your home, place a call to a customer service at any location in Arizona. They will assist you in completing the form online or at any of their locations.
Certain details needed for completing registration loan applications
In filling registration loan forms, you will need to provide some basic details which include your bio data, contact details and car information.
Car information such as the model, color, insurance, etc.), the current value of your car will determine how much you can get.
According to the laws and regulations in Arizona state, borrowers have to 5 times to car registration loans at a time.