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Are you planning to make a big purchase or two? Maybe you’ve moved to a new place and plan on getting better furniture. Or you have to make a sizable order for your growing business. You have two options available to you. You can either use your credit card or use your car to get a loan. You should consider the latter. Here’s why bad credit no problem auto loans Burlington Ontario are better than credit cards:  

Reasons Auto Title Loans are Better Than Credit Cards

  • You can get a lower interest rate. You should always watch out for the lowest possible rate you can get. A credit card usually has high-interest rates. Some will offer a 0% APR rate but you might not qualify for it. Or it’s only effective for a short period of time. 
  • You can get more money. You won’t be able to get a cash advance of $45,000 or more from credit cards. But you can borrow around that amount depending on your car’s value. 
  • You need to know the exact details. Specialized car equity loans have fixed rates. You know exactly how much you’ll be paying and until when. This gives you the chance to plan. Credit cards have variable rates. They let you pay the bare minimum, which isn’t conducive to paying off a loan. 

Trusted Car Loan Expert

If you’re facing a financial crisis, Premier Loans Canada can help you. We offer as much as $45,000 in loans. We have the lowest interest rates around. We also offer affordable monthly payments and flexible payment plans. You can get the cash you need on the same day and retain the use of your vehicle. Sign up at our website or call our toll-free number at 1-855-965-1650.

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