An auto title loan is one of the easiest loans you can apply for. This secured loan is known for having a streamlined application process. It also has fewer requirements. One of the main ones is a clean car title. What if you haven’t gotten around to getting a title but you have the bill of sale. Can you use that to get an easy bad credit loan Surrey British Columbia?
Can I Get a Loan with a Bill of Sale?
No, you can’t. The requirements are quite clear. The borrower needs a lien-free vehicle and a clean title to apply for a car pawn loan. While the bill of sale proves you did purchase the vehicle, it’s not what the lending company is looking for. A bill of sale is like a contract or a receipt. It doesn’t show that you do own the car. For all the lender knows, you might have bought the car for someone else. It certainly won’t convince the company to give you a loan.
It’s better if you take steps immediately to get a title. Bring all your documents to the local DMV. Show the bill of sale and other relevant documents. You’ll be asked to secure a surety bond. Once you get it, you can have your name registered as the owner.
Faster Than the Competition
Canada Car Cash is the best solution for emergencies. This title loan specialist offers more money than other lenders. Our interest rates are 70% lower and they have low monthly payments. You can also avail of our extended loan terms. Sign up on our website to apply. You can also call us at 1-844-598-7631.
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