Cash Loan Against Car Title in Arizona
Cash-N-Go, LLC is licensed by the State of Arizona to lend money to individuals using the equity in their vehicle as collateral. Usually they own the vehicle free-and-clear, but sometimes the existing loan balance is small enough that Cash-N-Go can payoff the loan and still have significant funds left over for the client.
Loans issued by Cash-N-Go are usually known as "title loans", since the vehicle is pledged as security and in some regions title loans are know as "pink-slip" loans.
You should be aware that the interest rates for title loans are higher than for other forms of consumer loans (except for ‘deferred presentment’ loans, usually known as payday loans, which carry a significantly higher rate of interest).
Even among car title loan providers, interest rates may vary a lot. The State of Arizona has regulations (Arizona Statute) that establish maximum rates that may be charged.
We suggest you shop around. Be sure to understand the interest rates, and ask about any up-front fees that will reduce the loan amount you actually receive. Also, be sure you will not be charged any pre-payment penalties if you pay off the loan sooner than expected.
We believe you will find that Cash-N-Go has rates that are as low, and in most cases lower than those of other car/vehicle title loan providers. However, because the car title loan is not cheap, you should plan for it to be short term. At Cash-N-Go there is never a penalty for paying off the loan early.
Loans can be structured as either “interest only” or “amortizing”
If you select interest only loan, the payments will be lower since you are not making any payment against the principal. As long as you make only the minimum payment, the principal you owe will not be reduced, and at the end of the loan, you will still owe the original principle amount. However, you can make an extra payment of any amount at any time and all future payments will be reduced. Interest only loans are normally written for a term of 90 days, but as long as the terms of the loan have been met, the loan can be renewed at the client’s option.
If you select an amortizing loan, the payment will be higher because it will include an amount to reduce the unpaid principle of the loan. Amortizing loans are normally written for a term of 2 years, and if you have made all payments as scheduled, at the end of that time, you will have paid off the entire loan in full.
For either type of loan, payments are due on the 1st and 16th of each month. A payment coupon showing the loan status and payment amount due will be mailed for each payment.
All borrowers should consider the cost of the loan carefully before committing to it, whether it be from us at Cash-N-Go or another title loan company. Like most of our clients, you will find a loan form Cash-N-Go to be quick, private, and a professional way to raise cash fast. Further, they find Cash-N-Go to be personnel to be friendly and helpful. Since you will have a relationship with the lender for the term of the loan, it is most important you select a loan company with which you feel comfortable.
How do I sign up?:
A sample application form is available through this website. Print it, fill it out, and fax or send it to us, or just give is a call at (602) 264-3640 for a fast and friendly Car/Vehicle Title Loan quote.
We will need to see the vehicle and get appropriate signatures to complete the loan process. Even if starting from scratch in our office, the process normally takes about an hour, and you can be on your way with a check in hand!