Your car is a valuable asset and can be used as collateral for bad credit loans Surrey British Columbia. Standard and classic cars, trucks, motorbikes, and even boats are considered as collateral for title loans. However, lenders will not give you the same loan amount since the value of these vehicles differ. So, what can be used as collateral that would give you the best deal?
Best Vehicles to Use as Collateral
- Standard Cars: Most title lending companies put a priority on conventional vehicles, like convertibles, sedans, and SUVs. Ford and Honda cars are reportedly two models that are commonly used for this type of loan. Their popularity is due to the ease that these cars can be sold off.
- Motorcycles: Many lenders also accept motorbikes as collateral. Their speed and maneuverability make them a great way to travel. There are also a lot of people who want to purchase one, even secondhand ones. If the lender must sell them to recoup their investment, they’re assured of buyers.
- Recreational Vehicles: RVs are a great investment as you can literally bring your home with you anywhere. They’re also good collateral for cash for car loans and could fetch a substantial price is well-maintained. You’ll have to do more research though as there are fewer lending companies that accept RVs and trucks.
Lowest Interest Rates in the Industry
Canada Car Cash can provide you with the financial assistance you need, regardless of your car or credit score. The company can provide you with more money than other lenders. Their interest rates are lower than most and they also offer low monthly payments. Their fast approval process also ensures you get the money you need within the day. Log on to their website to apply or call their toll-free number at 1-844-598-7631.
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