Old Town Scottsdale packs more than 100 restaurants, two art museums and over 30 galleries into just over one square mile, and each January it sits ten miles south of the largest collector-car week in Arizona. That pairing shapes how we lend here.
Old Town is defined in the City's Character Area Plan, generally bounded by Chaparral Road to the north, Earll Drive to the south, 68th Street to the west and Miller Road to the east. The plan was first adopted in 1984 and updated in 2009, 2018, 2023 and 2024. Inside those lines sit nine walkable districts, more than 100 restaurants, two art museums and over 30 galleries.
The place predates the state. In 1888 U.S. Army Chaplain Winfield Scott purchased 640 acres in the Salt River Valley; the town was named after him in 1894 and incorporated in 1951 under the slogan "The West's Most Western Town." One datable survivor is Cavalliere's Blacksmith Shop, built in 1920 at 3805 N Brown Ave and added to the Scottsdale Historic Register on May 23, 2000.
Barrett-Jackson was established in 1971 and is headquartered in Scottsdale. Its flagship sale runs at WestWorld of Scottsdale, a 386-acre, city-operated venue built in 1987 at 16601 N. Pima Road, about ten miles north of Old Town. The January 2025 auction ran Jan. 18–26 and realized more than $198 million. The 2026 sale moved 1,911 No Reserve vehicles for more than $191 million, led by a 1955 Mercedes-Benz 300SL Gullwing Coupe (Lot #1377) at over $2.5 million. A smaller Fall auction sold 643 vehicles for more than $38.8 million over Oct. 15–18, 2025.
CEO Craig Jackson has estimated the event's economic impact at about $400 million; treat that as his figure, not an audited study. What it signals for a lending desk is concentration: for a few weeks the ZIP codes around Old Town hold an unusual density of titled, high-value vehicles. Owners who want liquidity without selling at a set reserve sometimes borrow against a car rather than consign it.
Arizona regulates vehicle-title lending under A.R.S. § 44-291 as a secondary motor vehicle finance transaction. The statute caps the monthly finance rate by principal size: 17 percent on $500 or less, 15 percent above $500 up to $2,500, 13 percent above $2,500 up to $5,000, and 10 percent above $5,000. Consumer advocates translate the smallest tier to roughly 204 percent APR, and voters backed a 36 percent cap through Prop 200 in 2008; we cite both framings so you can weigh them yourself.
Arizona is an Electronic Lien and Title state, so a lienholder holds an ELT number and the lien and its release move electronically through the Motor Vehicle Division rather than on paper. On payoff, A.R.S. § 28-2134 gives a lienholder holding the title 15 business days to surrender it; ADOT may assess a $50 civil penalty, rising to a maximum of $500 per certificate for longer delays. Those rules govern the exit as much as the funding.
We are a discreet, asset-backed desk. Loans are originated by licensed lender partners, and every rate, ceiling and timeline above is general guidance drawn from Arizona statute, not a loan offer or a promise of approval. Terms depend on the specific asset, its documentation and clear title.
If your collateral is a collector car staged for or bought at a WestWorld sale, timing matters: engagement before, during or just after the January week affects how quickly a lien can be recorded and released. See Scottsdale for the wider city view, how Arizona clients borrow for the step-by-step, and Watches if the asset on the table is a timepiece rather than a title. Questions on a specific vehicle are best raised through our FAQ first.
Loans are originated by licensed lender partners. Loan offers, terms, rates and final decisions are made by the originating licensed lender at appraisal — figures shown here are general guidance, not loan offers.
Last reviewed August 6, 2026.
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