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Arizona Auto Title Loans: Top 5 Lenders

Last updated 03/15/2024 by

Ben Luthi
If you’re in the midst of a financial emergency, getting Arizona auto title loans can be a quick way to solve your immediate problem.
“Auto title loans can be beneficial for people who need some quick cash but don’t have the credit for a more traditional loan,” says Korey Adekyoa, business development manager at Shabana Motors. “These loans require no credit check or income verification. The loan is solely based on the equity you have in your vehicle.”
If you live in Arizona, auto title loans are widely available. But to get the best terms on your loan, you have to do more than go to the nearest lender. Lenders charge varying interest rates and fees, and they also have different minimum and maximum loan amounts.
To help you pick the right one for your needs, we’ve looked at several lenders and compiled a list of the five best Arizona auto title loans.

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The 5 best Arizona title loans

If you’re looking for an auto title loan, check out these lenders first.

1) Finova Financial

Finova Financial offers some of the best interest rates on the market for auto title loans — much lower than the average, according to the lender. What’s more, you don’t even need to put on pants to get a loan because Finova is an online lender.
Finova requires the following to get a loan:
  • Proof of income
  • Proof of residence
  • A copy of your car’s title
  • A valid driver’s license
Finova won’t lend to you if you’re currently in the process of bankruptcy. You also have to have collision and comprehensive insurance on the car — or you can purchase the lender’s debt cancellation addendum, which covers you if you get in an accident.
All things considered, if you qualify for Finova Financial Arizona title loans, it’s a no-brainer.
See our Finova Financial review page for up-to-date rate and fee information.

2) LoanMart

LoanMart offers Arizona title loans even if you haven’t paid off your car in full. You just need to have a significant amount of equity in the car to make it work. LoanMart has the following requirements to get an auto title loan:
  • A valid driver’s license
  • Proof of residence
  • Proof of income
  • A copy of your title or registration
LoanMart is pretty liberal in who it will lend to. You can even get one if you’re in the middle of a bankruptcy. The lender just recommends that you get permission from the court to apply for a new loan.
While it’s interest rates are competitive, that does mean they’re fairly high. Your interest rate will depend on several factors, but the lender allows you to get pre-qualified without a credit check.
To learn more, check out our LoanMart review page.

3) Check Into Cash

Check Into Cash is a good choice if you need a bigger loan; its loan limit is much higher than most Arizona auto title loans. If your car is quite valuable and you can afford to pay off the loan in time, Check Into Cash can help you with bigger emergency needs.
The lender requires the following to get approved for Arizona title loans:
  • Your vehicle and its title
  • A government-issued photo ID
  • Proof of residence
  • Proof of income
Also, your car needs to be fairly new to qualify for an auto title loan from Check Into Cash.
Learn more on our review page of the lender.

4) Speedy Cash

Likewise to Check Into Cash, Speedy Cash also offers big loans. The lender also offers auto equity loans (it calls them second-lien title loans) if you haven’t paid off your car in full yet.
To get Arizona title loans from Speedy Cash, you need to provide the following:
  • A valid ID
  • Proof of income
  • Proof of residence
  • A clear title or proof of the first lien
  • A vehicle in driving condition
  • Proof of insurance
Speedy Cash offers fairly long repayment terms, so you may be able to pay off your loan over time rather than with a one-time payment. If you are looking for title loans in Phoenix, which is Arizona’s largest city and capital, Speedy Cash may be convenient for you.
Read more about the lender on our review page.

5) Ace Cash Express

One thing that sets Ace Cash Express apart from the competition is its satisfaction guarantee. The lender allows borrowers 72 hours to change their minds without being charged any interest or fees.
Ace Cash Express won’t lend to you if you’re in the process of bankruptcy, though. You also can’t intend to file bankruptcy soon.
Here’s what you need to get approved:
  • A clear title on a vehicle with no liens
  • Proof of income
  • Proof of residence
  • Valid government-issued ID
The lender won’t offer you a loan if you’re a regular or reserve member of the military serving on active duty under a call or order that does not specify a period of 30 days or fewer. You also can’t get approved if you’re a dependent of a member of the Armed Forces on active duty.
To learn more about Ace Cash Express and its rates and fees, visit our Ace Cash Express review page.

Which Arizona auto title loans company should you choose?

There’s no best company out there for Arizona auto title loans. Depending on your situation and needs, one may be better than another. Shop around and compare several lenders to make sure you’re getting the best offer for your needs.
To make it easy, check out SuperMoney’s review page of top auto title lenders to get the details all in one place.
Before you start the borrowing process, make sure you can afford the loan payments. Otherwise, you may lose your car.
“If you think that you won’t be able to pay the loan back, then never take it out,” says Adekoya. “Interest rates can be higher than average on auto title loans, which means it’s easy to slip into a cycle of debt. Make sure to read the fine print on any contract you sign, so there are no surprises down the line.”
As you do your due diligence, you’ll be in a much better position to work with the lender that can offer you the best deal. You’ll also know what you’re getting yourself into from the start.

FAQ on Auto Title Loans in Arizona

Are title loans legal in Arizona?

Auto title loans are perfectly legal in Arizona, and the state agency that licenses auto title loan companies is the Department of Financial Institutions. In the state statutes, auto title loan companies are referred to as “secondary motor finance companies.”

How many title loans can you have in Arizona?

In Arizona, you can have up to five registration loans in your name at one time. Multiple registration loans is a method of financing in Arizona where the borrower uses the registration card to their vehicle as collateral in exchange for fast funding.

How much can I borrow with a title loan?

Arizona law does not limit how much title loan companies can lend. Most title loans in the state are between $1,000 and $10,000. The amount you can borrow is based on the value of your vehicle, which the lender determines.

How long is the loan term?

There are no restrictions on term lengths, but 30 days tends to be a common term.

What happens if I can’t repay a title loan?

If you are unable to repay a title loan, a title loan company may allow you to renew the loan. Title loan companies in Phoenix are allowed to charge a 5 percent late fee on the unpaid balance after you are late by 10 days. They are also allowed to take the vehicle and sell it to collect on the loan, plus charge for related expenses. Any excess funds after the sale are paid to the borrower.

Ben Luthi

Ben Luthi is a personal finance writer and a credit cards expert who loves helping consumers and business owners make better financial decisions. His work has been featured in Time, MarketWatch, Yahoo! Finance, U.S. News & World Report, CNBC, Success Magazine, USA Today, The Huffington Post and many more.

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