Are you familiar with car title loans and are looking to get a second one? With LoanMart, learning how to get a second title loan in Arizona is pretty simple! In fact, getting a second title loan in Arizona is easier than the first time around.
How Do Second Title Loans Work?
Title loans can be a great way to borrow the money you need without having to go through the traditional complicated system of paperwork and waiting. With title loans, you get the money you need without waiting days, weeks, or even months. You pay what you need to pay, and then you no longer have to stress about it.
Many customers with LoanMart find that taking out a second title loan is the best option for borrowing money, especially because they’ve had such a great experience with LoanMart before. Getting a second title loan can happen in one of two ways:
- Get a second title loan on a different car
- Get a second title loan on the same car
- Get a second title loan to pay off an existing title loan
Get a Second Title Loan on a Different Car
If you currently have a title loan on your first car but own a second car and need money fast, you can get a second title loan by using the title of that other vehicle1. Technically, there is no limit to how many title loans one person can have. As long as you have a car that has a clear-and-free title and a source of income, you can use it for collateral on your loan with LoanMart.
Get a Second Title Loan on the Same Car
As long as you have paid off your first title loan on your car and the title is clear-and-free, you can use the same vehicle to get a second title loan1. Just because you used your car previously to get a title loan doesn’t mean you’re restricted to one title loan ever. In fact, LoanMart has customers that use their title again for another title loan after their first has been paid off. People have such a great experience with LoanMart that we become their main institution for borrowing money.
Get a Second Title Loan to Pay Off One
Are you struggling to make the payments on an existing title loan? You may think you can use the same vehicle to get another title loan with another company to pay off your existing loan, but unfortunately that’s not the case. If you have a title loan already on a vehicle and you still have a balance on the loan, you won’t be able to use that title for collateral on another loan because there is a lien on your title from your initial lender.
What LoanMart can do for you to help you get a better rate and lower monthly payment on an existing loan is refinance your current title loan1. Here at LoanMart, we strive to give our customers some of the most competitive interest rates on their loans, so they have lower monthly payments. By refinancing your title loan with LoanMart, not only will you be signing up with a more customer driven company, but you’ll be getting a lower monthly payment to fit your budget.
How to Get a Second Title in Arizona
Whether you’re getting a second title loan on a different car, the same car you used before, or you’re looking to refinance your existing loan, getting a title loan in Arizona is simple and easy. In fact, we use the same application process for all of our car title loans to make things so much easier for our customers.
Applying for a Second Title Loan in Arizona
To apply for a second title loan in Arizona, you have many options to choose from at LoanMart. You can either find the nearest participating location to apply in-store, apply over the phone, or you can apply online using your phone, computer, or even a tablet.
The initial application is quick and easy, which can be completed in about 5 minutes. You fill out the basic information about you and your car that you’re using for your title loan, then hit submit. Not long after, a LoanMart representative will be with you to start on your quote and documents.
Submitting Your Second Title Loan Documents
Once you’re in contact with your LoanMart representative, they’ll go over your initial quote and request important documents to verify your vehicle and who you are. Make sure to have these documents ready whether you’ll be applying in-store or online:
- Vehicle title
- Proof of income
- Vehicle registration card
- Proof of auto insurance
- Residency proof
- VIN, license plate, odometer
- Pictures of vehicle
- 4 personal references
If you’re applying through our online system, you won’t have to worry about fax or copying your documentation. Our online application allows you to take pictures of your documentation and send it to your representative – all on your phone!
Completing Your Application & Receiving Your Money
After sending in all your documentation, the final thing to do is go over your contract terms, the loan amount, and your interest rate. For those applying online, you’ll be able to sign your document electronically, so you don’t have to worry about finding a way to get to a LoanMart location.
Then, once you’re finished, you get to receive your money for your second title loan. We can directly deposit the money into your account, you can pick it up at a participating location, or you can receive it at a Money Gram location! Whichever is easiest for you.
So, what are you waiting for? Get your second title loan in Arizona today! LoanMart can offer you some of the best rates, and you don’t want to miss out1.