Any responsible car owner knows that taking good care of their vehicle entails spending time, money and effort on it. While it might seem expensive at times, the benefits are greater, especially if you’re planning to apply for car collateral loans Burlington Ontario.
Top 3 Reasons to Take Care of Your Car
- Keeps your car’s value high. It’s true that a car begins to depreciate the moment you drive it off the dealership lot. However, you can slow down depreciation by taking good care of your vehicle. High car equity is crucial as it means the lender can quickly sell off the vehicle and recover their investment in the event the borrower defaults.
- Keeps you safe. Regular maintenance involves washing your car regularly and bringing it to the auto shop to check the tires, engine oil, transmission fluid, brake fluid, etc. This will help reduce incidents of breakdowns and keep you safe from accidents. Lending companies put a higher premium on collaterals that have a good safety record.
- Saves fuel. You can cut down on fuel consumption and save a lot of money if your car is running well. What’s more, a properly maintained vehicle can give you up to 40% more gas mileage.
Get You More Money than the Competition
Apply for a loan with Canada Car Cash and get the money you need in the same day. The company can even loan you a large percentage of your vehicle’s value, as long as it’s lien-free and insured. They also offer interest rates that are 70% lower than their competitors. Applying is easy and their fast approval means you can get instant cash. Log on to their website to apply or call their toll-free number at 1-844-598-7631.
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