Get instant auto title loans in Phoenix Arizona

Cash-Back Title Loans of Arizona is licensed by the State of Arizona to lend money to individuals using the equity in their vehicle as collateral. These loans are usually known as "Title Loans" since the vehicle is pledged as security and Cash-Back goes on the title as lienholder. In some regions, these loans are known as "pink slip loans.

You should be aware that interest rates for title loans are higher than for most other consumer loans (except for deferred presentment loans, usually known as "payday" loans, which carry a significantly higher interest rate). Even among title lenders, interest rates vary a lot. The State of Arizona has regulations (Arizona Statute) that establish maximum rates that may be charged.

Because the rates are high, you should explore other credit options, such as credit cards, to meet your short-term cash needs. If you determine that a title loan is your best option, then shop around. Interest rates and payment plans vary significantly among title lenders. We suggest that in addition to interest rates, you understand any up-front fees or pre-payment penalties if you exit the loan sooner that expected.

Always have a plan how you intend to pay back the loan or systematically reduce the principal to avoid being trapped in the loan long-term with no good prospect of paying it off.

At Cash-Back, each month you meet the terms of the contract (payments on time, insurance and registration current, etc) we will reduce your principal balance by one percent, and all future payments will go down correspondingly. If you make only the minimum payment but do so on time for a full year, your principal and future minimum payments will go down by just under 10 percent. And if you make any additional principal payments, your principal balance and future minimum payments will decrease even faster.

At Cash-Back Title Loans, there is never a penalty for early payoff of your loan.