Rideshare Title Loans
Ridesharing has been a successful business model for the modern Social Media Era. With Uber and Lyft leading the charge, all you need to do is get the app, get into your vehicle and get paid giving people rides. Simple get-up-and-go. This philosophy is not lost to us here at Phoenix Title Loans. Rideshare Title Loans were the natural outcome for Rideshare Drivers seeking financial assistance. Here’s how we can offer such assistance, no matter if you drive Lyft, Uber, or both.
Do You Offer Rideshare Title Loans to Leasers?
At this time, we have to limit our offerings to those who have full ownership of the vehicle. This is primarily due to the title being in your name, as opposed to being leased out by the dealership. Yes, you can get the title under your name, but as stated before, it’s under the ownership of the dealer. Fortunately, you are working with Uber and/or Lyft as an independent contractor to them. That vehicle will be yours in NO time! During that time, we may have other programs that will benefit you and you can find out by checking our other Title Loan Programs.
What Do You Need to Bring In?
There are some basic documents we’ll need before finishing out the process and getting you the money you need; the vehicle’s title, your current and valid Arizona State-Issued Driver’s License, proof of insurance (depending on the amount requested), and of course, proof of working for Uber or Lyft (usually a statement of payments if they have them; please remove or mark out any sensitive information).
How Do Rideshare Title Loans Benefit Me?
Simple. IF you happen to miss the rush hour for a few days or need some downtime to maintain your vehicle, we can get you the extra money you need. It’s as simple as visiting any of the nearest locations to you. We cover the cities of Mesa, Phoenix, Tempe, Scottsdale, Chandler, Casa Grande, Avondale, and more! So no matter where you rideshare, Rideshare Title Loans are just as easy to get thanks to Phoenix Title Loans!
DISCLOSURE: Loan amounts, terms, and rates vary by applicant and are subject to final approval. Not all applicants will qualify for the maximum advertised amount. All loans are secured by the value of your vehicle, which must be titled in Arizona and owned free and clear, unless otherwise stated.
Representative Example: A $2,000 auto title loan with a term of 12 months and an annual percentage rate (APR) of 35.99% would require 12 monthly payments of $200.96, for a total repayment of $2,411.52. All applicable fees and finance charges are included in the disclosed APR. This representative example is typical of a preferred loan with 25% Loan-to-Value ratio, $5,000 loan amount minimum, and a credit score of 700 or higher. Actual loan terms may vary based on vehicle value, requested loan amount, repayment ability, and applicable state regulations.
Early repayment is allowed at any time without penalty. Paying off your loan early may reduce the total cost of borrowing. Borrowers may be eligible for interest reductions when loans are paid off within an early payoff window, where applicable. We do not require a credit check for most auto title loans; however, all applicants must demonstrate the ability to repay the loan. Proof of income may be requested for underwriting purposes but is not always required for approval.
Approval times may vary and are subject to identity verification, vehicle inspection, confirmation of clear title status, and review of all required documents. While many loans are funded on the same day, some may require additional time for processing.
Phoenix Title Loans, LLC complies with all applicable federal and state lending regulations, including but not limited to the Arizona Revised Statutes Title 6, Chapter 5 and Title 44, Chapter 2.1, the Truth in Lending Act (TILA), and the Equal Credit Opportunity Act (ECOA). We are committed to transparency, fairness, and the responsible servicing of every loan. For borrowers who prefer to communicate in a language other than English, translated disclosures may be available upon request.
