Collateral car title loans are low interest loans using a fully owned car and car title as collateral. The owner may keep possession of the car during the duration of the loan term. The car title must be lien free because the lender holds on to the car title and places a lien on it. This is removed when the loan is fully repaid.
How do collateral car title loans work?
Even when doing loan term payments for car title loans Langley British Columbia you can keep driving your car. The lender holds the title to your car as collateral and returns it to you when the loan is paid back. You leave with the cash and your car. The car title acts as collateral. The whole process only takes one hour for the loan approval. The lender makes an inspection and appraisal of the car for its true market value and determines the loan amount that can be up to $30,000.
Applying online – Make sure you have a lien free car title, valid driver’s license, and proof of permanent residence aside from filling out the online application form.
No credit checks – Even if you have bad credit or no credit this has no bearing on the loan approval because the loan is secured by the collateral.
Great payment and term benefits – Much lower interest rate can be offered against any offer from the closest competitors. Loan terms are the most flexible and the longest that can ever be offered for collateral vehicle title loans.
Car title loans or sometimes called equity loans is the only service offered by Canada Car Cash. This means that Canada Car Cash can loan you more money with far less requirements. We can help you by calling us now or getting in touch online. We can give you an estimate of what you really qualify for. Call us now toll free at 1-844-598-7631 or apply online.
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