Specialized Car Equity Loans- Everything You Need to Know

Managing expenses and catering to immediate cash requirements has become difficult for people due to the ongoing pandemic. You may consider going to a bank for a loan or borrowing money from relatives or friends. Bank or traditional loans are a good option if you have  good credit  and you have the time to wait for money.  This is because they have their own way of processing  loans. They look at  your credit history and take a lengthy  time to process your application.  You also need to  sign a lot of paperwork which can take weeks  for approval. There are also higher chances of rejection. A specialized  car equity loans from Snap Car Cash is the perfect choice  as it comes with a lot of benefits for Canadians. People with bad credit scores who are in need of instant cash can apply for these loans easily with us. We help our customers deal with their financial crisis and get loan approval as quickly as possible.. We don’t let your credit history come in between.  Just apply for your loan and get the funds within the same day. 

Secured Loans

An equity loan is considered a secured loan since your vehicle’s title papers are used as collateral. When you are in a tight financial situation  and finding it difficult to get cash immediately, you can opt  for a  loan against your car’s equity value. The equity value in your vehicle is evaluated in order to determine the loan amount you can borrow. Depending on the make, model, and kilometers of your car,  you can borrow up to $50,000 from Snap Car Cash. A lien is placed on your vehicle for the duration of the loan term and the title papers of your car are kept with us. This is the only thing that you need to surrender as we allow you to keep your vehicle with you for the duration of the loan term. 

Advantages  Of Getting a Specialized Car Equity Loans

Our customers love  our simple,  reliable and hassle-free loan process. Our collateral loan comes with several benefits for the borrower making it the most appropriate choice for their urgent money requirements.  Here are some of the benefits  you  get when  you apply for a car equity loans with us:

  • Same Day Cash Disbursal 
  • No Penalties On Early Payout
  • Keep Your Car with You
  • No Credit Checks 
  • No Job Requirements
  • No Credit History  Required
  • Lower Interest Rates
  • Long Loan Terms of Upto 4 Years
  • Flexible Payment Options
  • Low Monthly Payment Options Available

The loan amount is determined on the basis of the equity value of your car. Once the loan amount is determined, you will need to submit the title papers  of the vehicle for the duration of the loan. However, you  can still take your vehicle and continue on with your daily  use while making your monthly payments. There is no need to surrender your vehicle during the term of the loan . The title papers are returned as soon as you pay off your loan in full.  With such a convenient loan plan, Snap Car Cash focuses on resolving your financial issues quickly and with ease. 

Know The Prerequisites

The loan process is actually very simple for anyone who wishes to apply. A basic online application form needs to be filled out and submitted. You can also call us at our toll free number if you require assistance. The form consists of basic details such as  your name, contact information and your car details  like its  year, make and model. Your information in the loan application will be reviewed by our loan experts and you will be contacted then for the next steps.  You will be asked to submit some documents. For the loan, you are required to fulfill the following requirements:

  • Possess a fully paid for vehicle no older than ten years
  • A Valid Canadian driver’s license
  • Vehicle registration papers in your name
  • Insurance papers in your name that must include collision and deductible
  • Proof of Permanent residency
  • Spare set of keys to your  lien free vehicle
  • Proof of age as per your province

After submitting these documents, you will be approved and provided cash on the same day. Keep your car and drive away with the cash received. 

Don’t delay now. Call us (toll free) 1-888-886-SNAP(7627) or apply online for your specialized car equity loans. Snap Car Cash ensures to maintain full confidentiality and privacy for our customers. We are available  24/7 to cater to your financial needs and answer any questions you have regarding  our loan process .

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