What is a pink sheet loan? A pink sheet loan in Arizona, or any other state that permits them, is a loan that is secured by your car title. For the most part you will need to have no other liens on your car in order to get a however, in limited cases you may be able to get a loan if the equity is substantial enough.
In Arizona, a pink sheet loan company will base your loan amount on the value of your vehicle. For the most part it is based on the wholesale value of your car. You should expect to have to bring the vehicle in to one of the offices/branches of the pink sheet in order for them to verify the condition of the vehicle.
Because you can expect them to verify the condition of your vehicle you should be honest when filling out your application or speaking to an agent. You may lose all credibility if you tell them the car is in excellent condition and when you get there they find out that it is in fair or poor condition, at best. Honesty goes a long way in making the process go smoothly.
If choosing to apply for a pink sheet loan in Arizona, make sure the company is registered with the Better Business Bureau. If the company offers an online application you should fill it out and request information on whether or not your vehicle qualifies for the loan you are seeking. This can help save time and money.
Most pink sheet loan companies will have two applications - a quick application so they can determine if your needs can be met in general and the second, more detailed application which is what will be used to determine if your loan can be approved and what the terms of the loan will be.
Robert Melillo is a writer for Maximum Title Loans, who specializes in Auto Title Loans,
Maximum Title Loans, LLC take great pride in offering their clients the lowest rates with the highest loan amounts!
Article Source: http://EzineArticles.com/?expert=Robert_Melillo
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