A Simple Guide to Specialized Car Equity Loans St. John’s Newfoundland & Labrador

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If you need extra cash fast and own a car, you can use that as collateral for an auto title loan. People have used specialized car equity loans St. John’s Newfoundland & Labrador to great results for decades. Despite its popularity, many are still uncertain as to what this secured loan is all about. Here’s a brief and simple guide to this loan:

What You Need to Know about Vehicle Title Loans

  • It’s a secured loan. You’re required to put up your car as collateral for this loan. Its value will determine approval and loan amount. But the lender won’t take the vehicle, only its title. It will be returned once you close the loan. 
  • You can use any vehicle as collateral. Lenders accept all manner of vehicles, from trucks to boats. A standard car is preferred though since it’s easier to sell. 
  • Anyone can apply. You can qualify for a car pawn loan even if you are unemployed, have a low credit score, or have no credit history. 
  • You can get the money you need within the day. You can get approved in less than an hour. The funds will also be released in 24 hours. 
  • You can lose your car for non-payment. The lender has the right to repossess your car if you default. You can either pay the loan in full or the car will be sold to pay off the loan balance. 

Get You More Money than the Competition

Canada Car Cash ensures you’ll get the best loan for you. Our company specializes in title loans and offers more money than other lenders. Our interest rates are 70% lower and we have affordable monthly payments. You also don’t even have to stress over credit scores or employment checks. Log on to our website to apply or call our toll-free number at 1-844-598-7631.

For more information, visit us on:

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