Loan amount is determined by the true market value of the fully owned car that serves as collateral.
All the lender needs to do is appraise how much is the true market value of your fully owned car based on real market value, usage devaluation, year and make of model, and engine performance. Contrary to popular belief, collateral vehicle title loans are not expensive. There may be other options such as unsecured loans or short term loans, but both carry sky-high interest rates.
Applying is easy and approval is in one hour
All you need to show the lender for collateral car title loans:
- Your vehicle for a detailed inspection and appraisal to determine loan amount. Between $1,000 and $50,000 can be borrowed.
- The lien free car title that is left with the lender as collateral since a lien is placed on the title. This is removed after the loan is fully repaid and the title returned to the borrower.
- A valid driver’s license and proof of permanent residence.
Loan payment terms are the longest or the most flexible starting at 1 year and can reach up to 5 years.
The lowest interest rate for any loan out there
No credit check title loans have the lowest interest rates in the whole lending industry and the lowest when compared to unsecured loans. Interest rate can be lowered up to 70% compared to any offer from even the closest competitors.
No credit checks
These loans need no credit checks so your bad credit or no credit standing has no bearing on the loan approval because the loan is already secured by the collateral.
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.