Why It’s Better to Get a Bad Credit Score Auto Loan Halton Hills Ontario Than Pawn a Valuable

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People often turn to pawn shops or auto title loan companies when they have an emergency or are struggling financially and need cash fast. Both options have a fast approval process so you’re assured of getting the funds you need almost immediately. But a bad credit score auto loan Halton Hills Ontario is typically better than a pawn loan. Here’s why: 

Top 3 Reasons to Get Cash Using Your Vehicle

  • You Can Borrow More Money: Car collateral loans and pawn shops are similar in that the money borrowed will depend on the collateral. While pawn shops now accept a wider variety of valuables, they’re smaller and don’t come close to a car’s value.  
  • Title Loans Have a Longer Payment Period: While both are considered short-term loans, auto loan borrowers usually have more time to return what they owe. Some pawnshops only give people a month to pay back the loan while others agree to a few months. Title loan specialists offer extended loan periods that can last years. 
  • You Get to Keep the Collateral: When you pawn a valuable, you have to leave it at the shop. But with a title loan, you only surrender the vehicle’s title to the lender. Your car will remain with you, and you can continue to use it even while the loan is active. 

Lowest Interest Rates in the Industry 

Premier Loans Canada is your best choice when you need fast cash. You can borrow as much as $45,000 without undergoing credit checks. The company offers low-interest rates and affordable monthly payments. They also offer flexible payment plans. You can get approved in minutes and receive the money you need within the day. Sign up on their website or call their toll-free number at 1-855-965-1650.

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