There will be times in your life when you’re short on money and need extra cash. Maybe there’s an unexpected house repair that needs to get done or you have to buy some medicines. You can get the money you need as long as you have enough car equity Kelowna British Columbia to apply for a title loan. But how much can you ask?
How Much Can You Loan?
How much money you can secure from a car pawn loan will depend on your car. It’s because this type of loan depends on the collateral you bring to the table. The higher your car’s value is, the more money you can get. Just remember that your loan will never be equal to the vehicle’s value. This is because of depreciation. Unfortunately for car owners, their car’s value starts to go down as soon as they leave the lot.
The lender will have to assess your vehicle’s value to determine how much they’re willing to invest. Most will usually to a loan that’s at least equal to what they think they can sell your vehicle for. While the amount is not as clear cut, you can expect to receive about 20% to 50% of your car’s total equity.
The Number One in the Industry
Enjoy high loans and great service with Premier Loans Canada. The company is considered as one of the best lenders in the country. They can offer you as much as $100,000 in loans, with loan terms of up to seven years. They also have the lowest interest rates around and can provide you with flexible payment plans. You don’t even have to worry about credit or employment checks. Log on to their website to apply or call their toll-free number at 1-855-965-1650.
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