Can an Inherited Car Be Used to Get a Fast Loan New Westminster British Columbia?

Countless people inherited their first cars from older relatives. Maybe no one else is using the family car or grandma wants her old clunker out of the garage. This is nothing to scoff at as you’ll be able to save money and use the car to get a fast loan New Westminster British Columbia.

Can I Apply for a Title Loan with an Inherited Car?

Whether or not you can use an old or inherited car as collateral for an auto finance loan will depend on which name is on the title. Most of the time, people start using an older car without bothering to have its title transferred to them. Unfortunately, one of the main requirements of this secured loan is a clean title that’s in your name. Even if the car was given to you and you’re the sole user, as long as the title isn’t in your name, it’s technically not yours. The original owner must sign a specific part of the title to officially transfer ownership to you.

Meanwhile, there are situations where the title might be in your name and that of another person. It’s in your best interest to make sure there’s the qualifier “and” between the two names. It confirms that the vehicle belongs to you and the other individual. It will also allow you to use the car as collateral.

Same Day Cash

Are you running low on funds? There’s no need to worry as Canada Car Cash is around to assist you. This title loan specialist offers more money than other lenders. They also have the lowest interest rates around. You don’t even have to worry about credit or employment checks. Log in to their website to apply or call their toll-free number at 1-844-598-7631.

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