Blog

Use Your Car as an Asset To Apply For Car Equity Loans Online

Dec 23, 2015

If you’ve got a 10-year-old sports car in your garage, prepare to make a killing. So many people are looking to turn their cars into cash, and they don’t have to sell those classic rides at rock bottom prices. But, there is hope for you, too. Car equity loans Victoria will help you make a quick buck on your favorite automobile without sacrificing your first-born child or taking out a mortgage on it! These loans can be accessed through the internet, making them available when and where you need them most.

Canadian Loan Shop (car equity loans) is a Canada-based online lending company that caters to borrowers interested in car equity loans. If you consider taking out a car equity loan, it is vital to understand how these loans work before applying.

What are Car Equity Loans?

By definition, car equity loans are often called second mortgages or payday loans. These loans cover the cost of up to 75% of a vehicle’s value (subject to a maximum amount), with the remaining amount being the borrower’s responsibility. So, for example, we can offer you $65,000 over your car’s equity, depending on the condition of your vehicle.

The process for getting approved for car equity loans in Sherwood Park varies from lender to lender. Usually, it takes between 24 hours for lenders and borrowers to agree on the details that need to be included in the loan application. After the application is approved, we will lend you the money within an hour. The terms and conditions of the loan are solely at the lender’s discretion (online payday loans).

Can You Get Approved for a Car Equity Loan?

Like most things in life, only you can decide if you should pursue getting a car equity loan. If you have good credit or not and are ready to pay it forward, then no problem. We have extensive experience offering car equity loans to borrowers with bad credit. We will gladly consider your application, and we will give you a car loan of up to $65,000!

Want to Know More About Car Loans?

Each lender aims to offer secure loans that help customers manage their cash flow. Payday loans help people bridge their financial gaps when they are running out of money or need quick cash. That is what we do, and we do it well.

We guarantee that applying for car collateral loans Oakville with us is a risk-free experience! You don’t have to worry about scammers trying to steal your personal information on the internet. Instead, shop around, read reviews, and compare interest rates and terms, but always come back to us because we offer the lowest interest rate in the entire industry.

How Does Our Online Application Process Work?

The application process for car equity loans Fredericton generally takes 24 hours to start the loan approval process. We will review your information before deciding whether or not you qualify for the loan. With us, you get to keep the car during the loan period, and you are responsible for all payments.

All of our lenders use a proprietary, secure verification process so that you can be sure that all information provided is 100% accurate. To receive your approval, we need to know:

Your name, address, and social insurance number (SIN) or driver’s license number, Your email address, Your desired loan amount and vehicle information (make/model/year), Your monthly income history or not, the type of car loan you want to get to pay off your debt. Your car’s market value to help us calculate your equity.

Apply online today with Canada Loan Shop and get approved for car equity loans Paradise! You can also call us at 1-844-572-0004 and speak with a qualified representative who will be happy to answer your questions about the application process and other general information. We look forward to serving you!

How It Works

What Is a Title Loan? A car title loan can be a fantastic way to solve short term cash needs by using your vehicle to borrow money rather than with your credit score. The amount you are able to borrow is based on your vehicle's value and condition, your individual loan needs, and your ability to repay.

Read More

Contact Us

Read More
  • Application
  • Speak with us
  • Get cash