When you have lien free car title you can convert this into fast emergency cash by applying for a collateral vehicle title loan.
If you fully own your car and car title free and clear, you can turn that car title into fast emergency cash with the help of collateral car title loans. These loans only need to use the true market value of your car to secure the loan because the car and car title qualify as collateral. Of course, the car title needs to be lien free.
Your car as collateral
Lenders of collateral vehicle title loans
require the collateral to be in good condition. This means the body and engine must be in good condition and rust free, without mechanical problems, very roadworthy, and will past all emission tests. These are all factors to determine the car’s true market value to determine the loan amount. This can be between $1,000 and $25,000 that can be borrowed.
Get loan approval in one hour and keep driving the car
No credit check title loans allow the borrower to keep driving the car while paying off the loan. The lender simply keeps the car title and registers a lien on it. The lien is removed and the car title returned when the loan is fully repaid. Since the loan is fully secured by the collateral no credit checks are done at all. So bad credit or no credit has no bearing on the loan approval whatsoever. No early payment penalty will be charged if the loan is paid off early.
No worries with the interest and payment terms
The borrower need not worry about interest rates because these loans offer the lowest in the whole lending industry. Up to 70 percent lower interest rate can be offered versus any close competitor out there. Loan payment terms also start at 1 year and are the most flexible up to 5 years.
Snap Car Cash 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 from 2 years to 5 years. For more information about the company, its title loans and other services, call Snap Car Cash free at 1-888-886-SNAP (7627) and apply now or apply online.