4 Reasons a Special Financing Auto Loan Red Deer Alberta is Better Than Pawning Valuables

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People who need cash immediately can do several things. They can borrow money from family or friends. They can look for additional work or a side gig. They can also sell or pawn their valuables or apply for a special financing auto loan Red Deer Alberta. Of the last two options, a loan is the better choice. Read on to find out why.

Reasons Title Loans are Better than Pawning

  • Your car stays with you. While you’re essentially using your car as collateral for the loan, it remains in your possession. Meanwhile, the car’s title will be surrendered to the lender. It will be returned once the loan has been fully paid.
  • Loan amounts are more substantial. Some lending companies can give borrowers as much as $50,000. Pawnshops can only offer a fixed amount per item.
  • Reduced interest rates. Many auto finance bad credit loan companies offer low-interest rates to clients. While pawn shops usually charge 25% interest, some lenders can go as low as 1.5%.
  • Extendable loan terms. You have the option of extending your contract if you don’t have the money yet. This is called a rollover and is a popular feature. You will have to pay additional charges for using this scheme though.

Lowest Interest Rates in the Industry

Getting a loan from Canada Car Cash is a good way to secure extra cash. The company can lend you more money if your car is lien-free and properly insured. They have the lowest interest rates around and offer flexible payment plans. You don’t even have to worry about your credit scores or credit history. Applying is so easy too. Just log on to their website or call their toll-free number at 1-844-598-7631.

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