Title Loan FAQs

Have Questions About Title Loans? We’ve got your answers.

General Questions

How Do Loans Work at Presto?

Presto can offer you a Title Loan to fit your financial needs with repayment terms to fit your budget. Our loans adhere to all state and federal regulations. Please see our Loan Calculator to learn more about loan amounts, rates, and repayment terms.

How do I get started?

Apply online, visit your nearest store location or simply call us at (602)-277-2000 to apply for a Title Loan from Presto. Bring your vehicle and required documentation with you to expedite the process. Once your application is complete, we’ll make a swift lending decision. After approval, you can expect funding as quickly as the same day! You’ll keep your car, and your title will be returned when you have completed paying back your loan. We have various options available, so please contact our team to learn more.

What do I need to bring?

The vehicle, a clear or lien-free vehicle title (registration is acceptable if you don’t have the title) with no outstanding loans or judgments against it and a government issued photo ID.

What Are the Interest Rates?

The maximum interest rates that can be charged are regulated by the state of Arizona. Presto offer Title Loans at discounted rates, which means your payments are lower and your loan gets paid off faster. Please see our Loan Calculator to learn more.

Loan Questions

Can I get a Title Loan if my title has multiple owners?

Yes, but all owners might have to sign the certificate of title depending upon how the owner are listed.

Can I get a loan if my title has a lien on it?

If you owe money on your vehicle, we may be able to refinance your current loan with a Title Loan Buy Out from Presto.

Can I apply for a loan if I am in active bankruptcy?

Approval will depend on the terms of your bankruptcy.

Can I apply for another loan while I have an active loan?

Yes, if you have another vehicle in your name.

Can I apply for a Title Loan on a leased vehicle?

No, leased vehicles are not eligible for Title Loans.

Can I get a loan on a salvage title?

Yes, salvage titles still qualify, but the amount of the loan is still subject to the inspection of your vehicle.

Can I get a loan on a motorcycle, SUV, ATV, commercial vehicle, or RV?

Yes, we offer loans on all these vehicles, but terms and conditions may vary.

Can I get a title loan without a vehicle inspection?

No, we must either see the vehicle either in person at a Presto store location, at one of our statewide Express locations or in special situations online through photos submitted digitally.

Can I transfer my loan to another vehicle?

Yes, if the other vehicle qualifies for the amount you owe on your current loan.

Can I change the terms on my Title Loan?

Yes, subject to going through the application and approval process.

What happens if I move to another state after taking out a loan?

You are responsible for providing us with your new address and any change in your contact information.

Can I take out multiple Title Loans on different vehicles?

Yes, if each vehicle has a free and clear title.

Loan Application Questions

Is My Loan Application Secure?

Yes, Presto ensures that the loan process is private and secure. Presto uses a 256-bit Transport Layer Security (TLS) for data transmission on encrypted servers to protect personal information. A Presto Representative are prohibited from asking you for your password, so if you receive any suspicious requests, please contact us immediately at (602)-277-2000.

What Are the Eligibility Requirements for a Title Loan?

You must be a minimum of 18 years of age, government issued photo ID, own a paid for motor vehicle registered in the State of Arizona. Other information may be requested to get a more comprehensive view of your personal credit profile, so Presto can make a more informed underwriting decision on your loan request. For detailed eligibility information contact us at (602)-277-2000.

How does the application process work?

Applying for a loan with Presto is a quick and effortless process. Follow our steps:

Apply Online, Over the Phone, or In-Person: Start your application through our online platform, call a Presto customer support specialist, or visit a Presto location.

Provide Basic Information: Submit all necessary details such as your name, contact information, and financial details to assess eligibility and determine the amount and terms of loan amount.

Loan Approval Questions

How long does it take to be approved?

The approval process can take as little as 15 minutes once all required information has been provided and the vehicle inspection is completed.

How much can I borrow?

The amount and terms of your loan will be based upon the value of your vehicle and selecting a repayment plan that fits your budget.

What if my application is denied?

If your application is denied, you may reapply later or provide additional documentation to strengthen your application.

Can I apply for a Title Loan without visiting a store?

Yes, you can complete the application process online, but you must have your vehicle physically inspected at a Presto store or express location throughout Arizona.

Can I get a loan if I am self-employed or a gig worker?

Yes, documented income from being self-employed or a gig-worker is acceptable.

Is there a minimum income requirement?

No, but you must be able to demonstrate that you have the means to repay the loan.

Is it necessary to have a driver's license to get a title loan?

You do not need a driver’s license, but you do need a valid government issued photo ID.

Do I need to have a social security number to get a loan?

It is not required that you have a social security number to get a loan.

What if my car has an emissions issue or failed an emissions test?

If your vehicle is registered in your name and you own it, you may still qualify for a loan.

What if my car is currently in the shop for repairs?

We can still arrange for an inspection of your car at the repair shop.

Can I get a Title Loan if I just purchased my vehicle and have not received the title yet?

As long as the vehicle’s digital record with the State of Arizona shows in your name, we can use that to qualify you for a Title Loan.

Can I add co-borrower to improve my chances of getting approved for a loan?

Yes, if your application was denied adding a co-borrower may increase your chances of approval.

Loan Payment Questions

How do I make my payments?

You can make payments online, in-store, by phone, or by mail.

Can I make payments through the website?

Yes, you can make your payments on the website portal by creating an account and then linking your loan to your account.

Does Presto have a mobile app?

Yes, Presto has a mobile app for Apple and Android. (provide URL link for Apple and Android).

Can I make extra payments?

Yes, you can pay additional funds on your account at any time to reduce your balance faster and save money.

What happens if I miss a payment?

If you miss a payment and need more time to pay your loan, please contact us promptly at (602)-277-2000 or visit your nearest local store. Presto will work with you to establish payment arrangements to get you back on track. We are committed to collecting accounts professionally, fairly, and legally.

Can I pay off my loan early?

Yes, you can pay off your loan early without penalties.

Do you offer automated payments?

Yes, you can set up automatic payments from your bank account.

Can I defer a payment?

Deferral options may be available depending on your payment history and financial situation.

What happens if my car was totaled in an accident after taking out a Title Loan?

You should notify us immediately so we can determine what steps need to be taken to resolve the issue.

What happens if I default on my loan?

If you default on your loan agreement, contact us immediately if you ever have difficulty making a scheduled payment.

Title Loan Buyout Questions

What is a Title Loan Buyout?

A Title Loan Buyout allows you to refinance your existing title loan at a lower interest rate with better repayment terms.

Who qualifies for a Title Loan Buyout?

If you have a Title Loan with another lender, you may qualify for a buyout with lower rates and payments.

How does a Title Loan Buyout work?

You apply and get approved for a new loan with better terms at Presto. We then issue your new loan and pay off your current lender.

Are there any fees for refinancing a Title Loan?

There are no fees of any kind.

Can I refinance my Title Loan if I have bad credit?

Yes, we focus on the value of your vehicle and welcome all types of credit.

What happens to my old Title Loan when I refinance?

Your previous Title Loan will be paid off in full by Presto, and you will begin making payments on your new loan.

Loan Repayment Questions

What Is the Repayment Term?

For details about Presto Title Loans great interest rates, repayment terms, and more give us a call at (602)-277-2000.

How Do I Repay My Title Loan?

Repaying your Title Loan with Presto is simple and flexible. Once approved, you will receive all the necessary details about repayment options, repayment schedule, and available payment methods.

Can I Repay My Title Loan Early?

Yes, Presto allows early loan repayment without any prepayment penalties. This means you can pay off your loan ahead of schedule without any additional charges.

What Happens If I Miss a Payment?

If you think you might miss a payment, it is important to contact Presto as soon as possible to discuss your situation. We may be able to offer payment arrangements to help keep you on track.

Online Title Loan Questions

How Do Online Loans Work?

Online loans with Presto provide a seamless digital application process. You can complete your application online, receive a quick approval decision, and have your funds instantly deposited into your bank account.

What Are the Requirements for Online Loans?

Eligibility criteria for online loans may differ when the physical inspection is being conducted by a Third Party. However, general requirements include:

Minimum 18 years old.
Having a valid government issued photo ID.
Proving a reliable source of income.
You must own a vehicle in your name.

Do I Have to Come a Presto Store Location?

To fund your loan, we must have the necessary documents to file a lien on the title record to your vehicle with the Arizona Department of Transportation (ADOT). This can be done at any Presto Store Location, or one of our many statewide Express Locations or by overnight delivery.

Are Online Loans Secure?

Yes, Presto prioritizes the security of your personal information. We implement advanced encryption measures, including 256-bit Transport Layer Security (TLS), to ensure your data is safeguarded throughout the online loan process.