Quick Cash Vancouver British Columbia in Contrast to Car Pawning

Collateral car title loans use a fully owned car as collateral for the loan. The lender holds on to the lien-free car title while the loan is being paid in the given payment term, a lien being placed on the car title and is removed when the loan is fully repaid. The borrower is allowed to continue using the car while repaying the loan.

The big disadvantages of car pawn

With car pawn, you are required to bring your car to the pawnbroker and leave it there for the entire time you are paying back your loan. Although a car pawn is almost immediately approved even if the borrower has bad credit or no credit, the interest rate for car pawning can be enormously high, sometimes in three figures.

Credit ratings have no bearing on collateral vehicle title loans

Quick cash Vancouver British Columbia will never take your credit rating into consideration because no credit checks are needed for the loan approval.

Loan processing is fast

No credit check title loans only require the borrower to bring in the car for inspection and appraisal for its true market value to determine the loan amount. Up to $50,000 can be borrowed. The borrower then should show a valid driver’s license and proof of permanent residence. Loan approval comes in just one hour.

Lower interest with the longest terms

With the lowest interest rates offered, payments can be as low as $97 per month. Loan payment terms are the longest up to 5 years.

People in need of fast emergency cash can always turn to Instant Loans Canada. We can get a car title loan fast and today for anyone in need of alleviating any financial emergency headache. All they need is to get in touch with Instant Loans Canada by calling the toll free number at 1-866-973-5214 and get approved in one hour. Get started today at the nearest Canada-wide network of convenient locations.

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