Scooter Title Loans
It’s not quite a bicycle, but not quite a motorcycle. It’s a scooter. A small motorized vehicle that can get you where you need to go around town without consuming much fuel. It’s lightweight, easy to maneuver, and is easy to maintain. And Phoenix Title Loans is proud to state that Scooter Title Loans are what we can offer our customers that own scooters! But before we begin, we need to clarify one thing:
The Ride Share Scooters dotting throughout Tempe and other major Valley Cities are NOT ELIGIBLE. This is simply because you, the customer, do not own them; title and all. That’s really the only reason. Other than that, here’s some more information on this loan to value program for Scooter Title Loans.
Are Scooter Title Loans Treated the Same as Motorcycle Title Loans?
In a sense, yes; but owners of scooters actually benefit more than Motorcycle owners; the difference in sizes. While motorcycles are a small type of vehicle, scooters are even smaller and easier to store. That means we can serve more that need cash for emergencies, like rent arrears (past due). That’s why Phoenix Title Loans is a trusted source of income, as you can get emergency money for rent today that can be used to pay for rent either today or tomorrow.
Can I Still Ride the Scooter While the Loan Is In Effect?
Unfortunately, no. Phoenix Title Loans will need to store your scooter for the duration of the 90 day loan. Our “drive while you pay” program is limited to only 4 wheeled vehicles, and there are limitations on those loans as well.
While, it is a requirement for you to own your scooter outright to receive a loan, scooter title loans fall under a different category. It is more of pawn loan on your scooter. Thus, the loan is limited to a 90 day loan, and we will store it in our secure and monitored facility, for the duration of the loan.
You are more than welcome to pay off the loan early, without any penalties or additional fees added for early payment. In fact, we will deduct a redemption discount if the loan is paid in full before the 60th day of the loan. Actually rewarding you for paying off the loan early.
Once the loan is paid in full, we will happily return your scooter to you, in the same condition it was received.
What Do You Require For Scooter Title Loans To Be Processed?
Primarily, we need a current, valid Arizona State-Issued Driver’s License, along with the scooter and its title. These requirements have not changed, and remains the standard for all our title loans.
As far as you personally, we require very little! Phoenix Title Loans allows our customers to gain access to these financial instruments without any regards to income or credit. The reasoning for this is that your title loan provides all the security we need to be confident in the loan. Your Scooter Title Loan is based solely around your equity in your scooter, and that’s all!
Where Are You Located?
We have locations all throughout the Valley of the Sun; be it Mesa, Tempe, Phoenix, Chandler, Scottsdale, Avondale, or Glendale. All you need do is bring your scooter along with the required items we mentioned earlier. Once there, the process averages less than thirty minutes; in some cases as quick as FIVE minutes. Visit a PTL location now for scooter title loans and we’ll hand you the cash, and keep your scooter safe and secure, waiting for you to pay off the loan in full, and return the scooter to its rightful owner.
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.
