Tips to Get Poor Credit Car Loan Nanaimo British Columbia Approval Using an Older Vehicle

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A clean title is one of the main requirements for getting a poor credit car loan Nanaimo British Columbia. It is why even people with a bad credit score or are currently unemployed can apply for it. However, just owning a car doesn’t guarantee approval. It will still depend on the lending company and your car’s value. But what if you have an older vehicle?

Tips for Getting a Title Loan with an Older Car

Most lending companies prefer newer cars for collaterals but some also accept older vehicles. Here’s how you can boost your chances of getting a car loan:

  • Verify what vehicles are accepted as collateral. Do your research or talk to an agent about their requirements. Ask questions, like whether they look at a mileage or if a customer can get a fast loan with a car that’s a decade old. You don’t want to waste your time and theirs.
  • Make sure every important detail about your vehicle is documented. Take photos of your car from various angles so the lender can see its condition. Include key details that can help with the inspection, like mileage reading, model, age, and VIN.
  • Give a breakdown of your income per month. Even though your credit score or employment status isn’t a major factor, it can still help improve your chances of getting approved. For instance, show you bank account if you have money coming in monthly that’s aside from your salary.

Same Day Cash

You’ll get the best deals with Canada Car Cash, one of the most trusted lenders in the country. They can offer a percentage of your vehicle’s value and contract terms as long as seven years. They also have the lowest interest rates around, as well as affordable monthly payments. Log on to their website to apply or call their toll-free number at 1-844-598-7631.

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