Title Loans for Lyft Drivers
Hot on the heels of Uber, Lyft became the chief rival rideshare company that has help shape the ridesharing industry to what it is today; continuing to offer not only great deals to their customers, but competitive and often well-deserved benefits to their drivers. However, Lyft Drivers fall under the same category as Uber Drivers: Freelance Contractors. This means that certain out of pocket costs must be handled by the drivers. Fortunately, Phoenix Title Loans has a solution for this: Title Loans for Lyft Drivers to cover such out of pocket costs!
How Does Title Loans for Lyft Drivers Help?
Not all times on the road will have peak hour pricing. This is the most common reason to get our title loans. Also, depending on how long the ride, that could also mean missing out on potential clients throughout the day. Finally, there will be sick days or days that you need to handle other errands that will take up your time. Title Loans offer a way to buffer in between so you don’t have a loss of time or money. Finally, as an independent contractor, you are competing against fellow rideshare drivers out there.
What Can I Do With The Money?
Title Loans are a supplementary source of income for Lyft Drivers to use for out-of-pocket costs. Such costs could be vehicle maintenance, gas refills, tools to make the driving experience more unique (cleaning supplies, car mats, mini-stands for laptops/netbooks/tablets/handheld consoles, charging stations, etc.). They can also be used as a means to further handle other ventures you may pursue, such as paying bills, planning trips, grocery shopping, etc. The choices and reasons to use the money you get from our title loans are yours to choose.
What Are The Requirements to Get a Title Loan for Lyft Drivers?
The Requirements to receive a title loan are the following:
- Own a Vehicle
- Be the owner listed on the title of that vehicle
- Have a Current and Valid Arizona State Driver’s License
- Proof of Insurance (based on amount requested)
If you have further concerns for requirements, please Contact Us.
So What Makes Phoenix Title Loans the Best Choice?
We understand the importance of running a business and also netting a profit. As a title loan company, we help thousands of Valley Residents get the money they deserve from the vehicles they own. It’s this simple helping of customers’ needs that allowed us to remain in business for over the past decade and beyond.
This allowed our business to expand to most of the major cities in the Valley, such as Mesa, Tempe, Phoenix, Scottsdale, Avondale, Chandler, Glendale, Casa Grande, and even out to Queen Creek, San Tan Valley and Eloy! That’s how you can rely on Phoenix Title Loans to get you Title Loans for Lyft Drivers, so drive on over to us and drive off with CONFIDENCE!
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.
