You’ve undoubtedly been in situations when your budget isn’t enough to meet your needs. Maybe you have to make an unexpected payment or have a medical crisis that’s not covered by your health care. Whatever the reason, you need a fast loan New Westminster British Columbia. If you own a car, you can use it as collateral to get a loan.
How Much Can I Get From an Auto Title Loan?
A title loan is a good option when you need fast cash since it has a simple and fast application process. But how much you can borrow using your car will depend on its value. The more equity you have on it, the better. It’s why most lenders require a car that’s lien-free. There’s no fixed rate when it comes to a secured loan since there are other factors to consider. But you can expect to receive around 20% to 50% of the car’s whole value.
The challenge is depreciation. A car’s value goes down the minute you drive it out of the manufacturer’s lot. You can mitigate this by taking good care of your car. This means cleaning it regularly. You should also take it to your mechanic for maintenance checks.
Borrow More Money Than Any Competitor has to Offer
Don’t stress out over your budget. Canada Car Cash is here to help. Our company specializes in title loans and can provide you with more money than other lenders. Our interest rates are 70% lower and they have the lowest monthly payments around. Our fast approval process means you can get the cash you need within the day. Sign up on our website or call our toll-free number at 1-844-598-7631.
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