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You have several options to procure fast cash when there’s an emergency. You can either pawn something valuable or apply for a poor credit car loan Regina Saskatchewan. Both have their own pros and cons. But this article will focus on why an auto title loan could be a better choice.
Top Reasons to Pick a Vehicle Title Loan
- Fast Application Process: People who need quick cash often turn to pawn shops or title loan specialists for their needs. Both have a simple and fast application process. You can also get the money you need on the same day. But pawnshops will require you to leave the item behind. With a title loan, you retain possession of the vehicle. You can also still use it even while the loan is active.
- Higher Loan Amount: You can borrow more money with a title loan. The amount will depend on the collateral’s value but some lenders can offer $10,000 or more.
- Low-Interest Rates: Car collateral loans also have lower interest rates. They’re lower than what you can get from credit cards. It’s also less than what pawn shops levy borrowers, which is 25%.
- Longer Payment Duration: Both are short-term loans. However, most pawn shops will give borrowers one to six months to get their valuables back. A title loan can run for much longer.
The Best in the Industry
You can experience hassle-free lending with Canada Car Cash. Our company specializes in title loans and can offer more money than other lenders. Our interest rates are 70% lower and they have affordable monthly payments. You can even ask for an extended loan duration. Sign up on our website or call our toll-free number at 1-844-598-7631.
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