The true market value of your car is the loan amount
The loan amount from your car that serves as collateral for collateral car title loans is based on factors like how old your car is, the condition of your car, condition of the engine and its performance. However, all this will be based on the true market value of the car. As collateral, the car must be completely owned and the car title must be lien free.
Interest rates are the lowest
Unlike short term loans and unsecured loans that charge skyrocketing interest rates, collateral vehicle title loans charge the lowest interest rates in the whole lending industry and when compared to other loans as well. This makes this loan all the more awesome for those looking for financial solutions. Payments can be as low as $97 per month. Even requirements are very minimal so long as you have a valid driver’s license and proof of your permanent residence.
Reasonable repayment terms
No credit check title loans can be adjusted so the borrower is given repayment terms of up to 4 years. This is very reasonable and overcomes the former practice of unscrupulous short term loans or unsecured bank loans who only give 30-day or 60-day repayment terms. Compare this to paying off the loan in 4 years and you see the advantage of getting collateral auto title loans.
Car Title Loans Canada is a leading collateral title lending company. This locally-owned and managed company has been helping in individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms that are flexible and the longest. For more information about the company, its title loans and other services, call Car Title Loans toll free at 1-877-804-2742 and apply now or apply online.