ARIZONA RATES, FEES & LICENSING

At CASH 1, we adhere to the values promoted by the Community Financial Services Association (CFSA) and the guidelines set forth by the Consumer Financial Protection Bureau (CFPB). We believe in promoting responsible lending practices and encourage our customers to practice educated and responsible borrowing.

Know Before You Owe

Disclosures for Arizona Title Loans (Secondary Motor Vehicle Finance Transactions)

? WHO IS THE CREDITOR

AAA Auto Title Loans, LLC dba CASH 1

% ANNUAL PERCENTAGE RATE

Your Annual Percentage Rate (APR) will vary depending upon how much you borrow.
TERMS FOR SECONDARY MOTOR VEHICLE FINANCE TRANSACTIONS (TITLE LOANS)
If You Borrow APR Loan Amount *Estimated Payments
$0–$500 204% $500 $46.14
$500.01–$2,500 180% $1,000 $80.72
$2,500.01–$5,000 156% $3,500 $273.37
$5,000.01+ 120% $5,500 $374.85
*Assumes you will make biweekly payments on a 12-month loan.

! IMPORTANT NOTICE

A Secondary Motor Vehicle Finance Transaction (Title Loan) is an expensive form of credit and should be used for short-term financial needs only and not as a long-term financial solution. If you make larger payments, you will have to pay less interest and the sooner you will pay off your loan.

$ COST COMPARISON CHART

BASED ON $1,000 LOAN
Credit Card Pawn Loan Title Loan
APR 16% 180% 180%
30 Days' Interest $13.33 $150.00 $150.00

$ LARGER PAYMENTS = LESS INTEREST

BASED ON $1,000 TITLE LOAN
Term Biweekly Payments Total Payments Total Interest Paid
18 Months $71.81 $2,800.04 $1,800.04
12 Months $80.72 $2,098.39 $1,098.39
6 Months $109.48 $1,532.91 $532.91

! WARNING: IF YOU REFINANCE YOUR LOAN, YOU WILL PAY MORE INTEREST.

$ FEES

Document Preparation Fee: $0

Late Fee: If payment is 10 days late, 5% of the unpaid balance of the late payment.

Prepayment Penalty: If you pay off your loan early, there is no fee or penalty.

! lMPORTANT NOTICE: IF YOU DEFAULT, YOU COULD LOSE YOUR VEHICLE!

All of the loans that we provide in Arizona are vehicle title loans. If you miss a payment and default on your loan agreement, it is possible that your vehicle could be repossessed and/or a lawsuit could be brought against you.

? QUESTIONS TO ASK YOURSELF

  1. Is it necessary for me to borrow the money?
  2. Can I afford to pay this loan back in full by the due date?
  3. Will I be able to pay my regular bills and repay this loan?
  4. Can I afford the extra charges, interest, and fees that may be applied if I miss or fail to make a payment?
  5. Are other credit options available to me at this time?

ARIZONA LOAN LICENSES & REGISTRATION

CASH 1 is licensed and regulated by the Arizona Department of Financial Institutions.

Address: 2910 N. 44th St Ste 310
Phoenix, AZ 85018
Phone: 602-771-2800
Fax: 602-381-1225

View Licenses

ARIZONA REQUIREMENTS

Title Loans Requirements (clear title)

  1. Arizona Resident
  2. 18 Years of Age or Older
  3. Government-Issued ID
  4. Proof of Income
  5. A Clear Title for Your Vehicle
  6. Your Car, Truck, RV or Motorcycle (for Brief Inspection)
  7. Proof of Full Coverage Insurance (if Loan Exceeds $2,500)
  8. Not on Active Duty in Military

Personal & Registration Loans Requirements

  1. Arizona Resident
  2. 18 Years of Age or Older
  3. Government-Issued ID
  4. Proof of Income
  5. Proof of Open Checking Account or Direct Deposit Card
  6. Your Car, Truck, RV or Motorcycle (for Brief Inspection)
  7. Vehicle Registration
  8. Not on Active Duty in Military

Contact Information For Consumer Counseling

Customers with credit difficulties should seek credit counseling before entering into a Title Loan.
Please see the following link to the U.S. Department of Justice website for a list of federally approved credit counseling agencies: http://www.justice.gov/ust/eo/bapcpa/ccde/cc_approved.htm

Spanish Translation

A Spanish translation of this entire document is available here | Una traduccion en espanol de este acuerdo