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The pink slip is known as the Certificate of Vehicle Ownership or simply the car title. This can also serve as collateral for collateral vehicle title loans. The pink slip or car title as collateral for the loan also allows the owner keep the car while paying off the loan.
A collateral vehicle title loan or pink slip loan is a preferable option because:
- The owner has the benefit of keeping the car while repaying the loan.
- The process is fast and easy.
- It does not require any credit rating.
- The money is made available on the same day after the loan is approved in one hour.
Loan amount is based on the true market value
Typical collateral car title loans are based on the present true market value of the car. Other factors include:
- Overall vehicle and engine condition.
- Total mileage of the car.
- Make and model year of the car.
All car brands accepted
Cash is made available as long as the collateral qualifies. As long as it is presentable and worthy of daily use, lenders accept any make and model car. To prevent any delays on the application process make sure that the car title is lien free.
Low interest rates
When it comes to low interest no credit check title loans offer the lowest competitive rates and are considered the lowest in the industry. Payments can be as low as $97 per month. Repayment terms are the longest and most flexible that can be offered.
Car title loans or sometimes called equity loans is the only service offered by Car Title Loans Canada. This means that Canada Car Cash can loan more money with less requirements. We can help you by calling us now or getting in touch online. We can give you an estimate of what you really qualify for. Call us at 1-844-598-7631.