Presto Auto Loans: Frequently Asked Questions

What is a "Title Loan"?
A "Title Loan" is a secured loan on your vehicle.

How do I apply?
Click here to fill out our online application.

What do I need?
To complete your loan, you will need to bring the following to our office:

Vehicle
Arizona Vehicle Title
Valid Drivers License or State ID
Proof of Insurance
Extra Key to Your Vehicle
Five References with Names, Addresses and Phone Numbers. (They will not be contacted.)
Proof of Income (Paycheck stubs, W2's, taxes, or bank statements.)
Proof of Residence (Rental or mortgage agreement, utility bill in your name, etc.)

What will it cost me?
1/2 the maximum legal rate or less. 5% per month on the principal unpaid balance.

How long does this whole process take?
With all requested documentation, you'll have your money in less than 1 hour!

Why should I do my loan with Presto Auto Loans?
There are several reasons why your "Title Loan" should be with Presto Auto Loans.

Cheaper - all of Presto's loans are at 5% per month (this is 1/2 of the legal
interest rate or less for title loans).
No additional fees - No application, documentary processing, or renewal fees.
Presto's Title Loan payments include both interest and principal.
Because Presto's interest is much lower than other companies, Presto's
payments are rarely as high or higher than other companies interest only
payments. At Presto, the amount that you owe will keep going down with every payment you make.
With every payment you pay both principal and interest - so at the
end of the loan term you are totally paid off and we take our lien off your
title.
No prepayment penalty.
We report all your payments to all three major Credit Bureaus.
No vehicle year or mileage limitations.