A car is one of the best assets you can have. It’s a useful piece of machinery that helps you get around easily and fast. You can sell it for a good price or use it for business. You can also borrow using your car Ottawa Ontario. It’s easy to apply for a title loan and you can borrow a substantial amount.
What’s the Maximum Amount You Can Get?
Title loans are secured loans because borrowers have to pledge their car as collateral. The value of the vehicle will also determine how much you can borrow. It’s why no one knows the exact amount you can get until the lender makes an offer. As a rule, an applicant can expect to get anywhere from 25% to 50% of the car’s value. But some lenders can offer as much as $10,000 or more.
The lending company will assess the car equity before they make an offer. They’ll do this via car inspection. They’ll consider several factors in their evaluations. First, they’ll look at the age and model of the car. Standard cars that are less than a decade old are preferable. They’ll also look at the mileage and the state of the exterior and interior. They’ll also check the entire internal workings of the car, from the engine to the tires and brake system.
Get You More Money Than the Competition
Canada Car Cash will ensure you don’t get stressed over emergencies. We specialize in title loans and offer more money than other lenders. Our interest rates are 70% lower and we also offer low monthly payments. Our fast application process means you can get approved in less than an hour. Log on to our website or call our toll-free number at 1-844-598-7631.
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