What are the advantages of car loans over traditional bank loans?
Bank loans can be a real hassle if you try to apply without the proper requirements. You can end up waiting for days only to find out that your loan application has been rejected due to a poor credit score, a lack of credit history, or not having the necessary qualifications to apply for a traditional bank loan. Car loans, on the other hand, have very minimal requirements and make loaning with a lack of credit history and a poor credit score a possibility.
What exactly are car loans?
Car loans fall under the category of quick cash loans. Quick cash loans are more convenient than traditional bank loans in that they can be approved within only one hour subsequent to your loan application. The only requirements you will need in order to apply for a quick cash loan are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence.
Your vehicle will remain in your possession throughout the entire loan term
Even though your vehicle will be used as collateral when you apply for a car loan, your vehicle will remain in your possession throughout the entire term of your loan. You will not be required to stop driving your vehicle at any time during the loan term.
With Canadian Title Store, it’s possible for you to loan amounts of up to $60,000.00 depending solely on the current true market value of your vehicle. Don’t bother hassling yourself with applying for a traditional bank loan when car loan applications are so much more convenient. Applying for a car title loan is easy! Simply call us now at our toll-free number 1-844-512-5840 or apply online.