Advantages Car Collateral Loans Ottawa Ontario Have Over Other Short-Term Loans

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There’s more than one way to get financial assistance now. If you need to borrow a lot of money for a big purchase, a bank loan is a way to go. But if you need additional funds fast, short-term loans are a good option. Unlike bank loans that require a high credit score and a stable income, these fast loans have fewer requirements. Millions of borrowers have opted for car collateral loans Ottawa Ontario over other loans. Here’s why. 

3 Advantages You Can Enjoy with an Auto Title Loan

  • You can borrow a good amount. Your loan will depend on your car’s value. Cars depreciate fast but if it’s less than a decade old and well-maintained, their value will remain high. The lender can loan you anywhere from 25% to 50% of its value. It’s different from paw shows that offer far lower than the item’s real value. 
  • You can keep using your car. Cash for car lenders won’t take the vehicle. But they will hold on to the car’s title while the loan is active. You can continue to use your car and go about your life and business.
  • Your interest rate is lower. Auto finance lenders offer rates that are lower than what you get for your credit card. Some lenders even offer 1.5% interest rates. Compare that with the 25% charge of pawnshops. 

Borrow More Money Than Any Competitor has to Offer

You don’t need to stress over your financial problems with Canada Car Cash. We specialize in title loans and can offer more money than other lenders. Our interest rates are 70% lower and we also offer extended loan terms. You don’t even have to worry about credit checks. Sign up at our website or call our toll-free number at 1-844-598-7631.

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