How Do Title Loans Work?

Up to $50,000 in as Little as 15 Minutes!

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Title Loans $100-$50,000

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Approval in as fast as 15 Mins

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Same Day Cash $100-$50,000

How Do Title Loans Work?

You can get a car title loan or title pawn if you use the title of your motorcycle, truck, RV or car for collateral. If you’ve ever been in a situation where you need a quick sum of money for a short period, a title loan is a fast and convenient solution. They are particularly convenient if a poor credit score prevents you from getting a more traditional short-term loan. Your vehicle’s value and your income determine your loan amount.

Title loan terms vary from state to state but generally you can get a loan for 30 days or more. Car title loan amounts could be from $150 to $50,000 from some lenders.

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How Do Car Title Loans Work?

  • Present the lender your application, vehicle, the title to your vehicle, proof of income and photo ID
  • Your loan amount is based on your vehicle's value and your ability to pay that loan
  • You must be a resident of the state where you get the loan
  • You can get approved up to $50,000
  • Once approved, the lender will give you your money in exchange for your vehicle title
  • You keep driving your car
  • You'll get up to 30 days or more to repay your loan
  • You can pay off your loan anytime
  • You get your title back when the loan is paid

How to Get Car Title Loans

If you live in Nevada or Arizona, car title loans from CASH 1 are hassle-free with a safe and secure application process. You'll have to provide the title of your car, motorcycle, truck or RV. You'll need your vehicle, a government photo ID, proof of income and a few references. After a quick inspection of your vehicle and you sign the loan agreement, you get your money and drive away with your car. 

You can get loan terms up to 90 days, and once you repay the loan amount, your vehicle will be lien free. Our loan amounts range from $150 to $50,000 with convenient payment terms of up to 90 days. You can take the full term to repay or pay it off early with no prepayment fees. Apply online or call us at 888-858-9333 or visit any of our Nevada or Arizona stores and get the money you need in less than 30 minutes.

At CASH 1 we specialize in providing you with the biggest loan possible and fast, friendly service.

Car Title Loan Alternatives

Evaluating all your options is important when looking to borrow money; short-term or long-term. Review title loan rates and fees and see if they are right for you. Here are some options to consider before using a loan against your car title as a financial solution.

  1. Purchasing with Credit: If you require your money quickly and have a high enough spending limit with your credit card provider, this may be a great alternative. Talking with your credit card provider and figuring out what you can do (raising your limit, lowering your rates, etc.) is an option when needing a significant sum of money.
  2. Payment Extensions: If the money you are trying to take out is for bill or rent payments, look into communicating with the party you owe the money to. Many companies and landlords will happily give you payment extensions, ranging from 30 days to as little as five days. As long as you have a good history with paying on time and don’t make it a habit, payment extensions are a smart option. Be sure to investigate any late fees that may accrue regardless of the extension length.
  3. Personal Bank Loans: Through your bank, you may be able to get a larger amount of money for lower interest than with a title loan. You will have more time to pay it off as well. Although you may end up paying more in interest than you would with a secured loan, the added payment time-frame will lessen the burden.
  4. Pawning and Selling Valuables: It may not seem as dignified as borrowing from a lender or bank, your valuable items may help you out with your financial situation. The drawback may be that you will not get as much money as you need. Consider online auctions as well.
  5. Borrowing from Family or Friends: If all else fails, ask someone you know! Depending on the amount of money you need, you could work out a deal with family or friends to get you what you need. Just be sure to agree on the terms of the exchange firmly; a contract of some kind will help with this transaction.

Ask Your Car Title Lender These Questions

When choosing a lender, we highly recommend using a title loans direct lender. When you use a third party lender it can get confusing as to what your loan commitments are. Also, it's difficult to know who to contact if a problem arises. Whichever type of lender you choose, you need to know your commitments and promises. Because of the Federal Truth in Lending Act, lenders must disclose the cost of the loan. Be sure to check for the following:

  • How is interest calculated? Car title loans tend to have higher interest rates due to the short-term nature of the loan. Be wary of this when signing.
  • Are there any unnecessary fees? When you pawn your car title, some lenders hide fees in the fine print, so check for any processing fees including document fees, lien fees, loan origination fees and inspection fees.
  • How are late fees handled? Check for any penalties when it comes to late payments or delinquencies. Be sure that one late payment or nonpayment does not mean your car will be repossessed by the lending agency. Check for any additional fees as well.
  • What are the payment plans? Some title loan lenders create a payment plan where borrowers pay the interest every month and only a small amount goes to the principal. If you're only making the minimum payment your loan could take many more months to pay off and end up costing you additional money in the end.

Are you Borrowing Responsibly?

Car Title Loans are a great option if you need quick money. However, always be sure to exercise caution and fiscal responsibility when getting them.

Always enter any loan process with a degree of knowledge. It is important that the terms and conditions you sign realistically fit into your budget. Defaulting on the loan can result in repossession of your vehicle or further fines. Repossession of your vehicle can hurt your ability to commute to work and worsen your financial situation.

Remember, if you do find yourself unable to make a payment, contact your lender immediately. Most lenders are flexible and may be able to refinance your title loan or find a better option for you.

How Do Auto Title Loans Work in Arizona or Nevada

Step 1

Apply Online or by the Phone

Inspect your Vehicle

Inspect your Vehicle

Step 3

Receive Your Loan

Frequently Asked Questions

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