Millions of people have gotten a fast loan Kelowna British Columbia using their vehicles. Title loans are secured loans that are easier to qualify and apply for than conventional loans. While it provides the borrower a lot of leeways, lenders still have specific requirements. One of that is the age of the vehicle. Most lending companies don’t want to deal with older cars. Here’s what you can do if your car falls in that category.
Tips for Getting a Title Loan Using an Old Car
- Clarify what type of car the lender is accepting. Don’t waste time starting the application process only to find out later that your car can’t be used. Do your due diligence and check what cars the company accepts. Some lenders are OK with vehicles a decade old as long as their mileage is less than 100,000.
- Provide a lot of details about the collateral. The lending company has to inspect your car before they approve your car pawn loan. If you’re applying online, make sure you send lots of photos showing your car from various angles. Include details like the paint coating or after-market add-ons. Don’t forget to include key information like the vehicle’s model, mileage reading, and VIN.
- Submit proof of income. You can improve your chances of getting approved if you provide proof that you can pay back the loan every month. Payslips from your company is a common requirement, although your pension or disability slip will also serve as well.
Lowest Interest Rates You Can Find
Apply at Premier Loans Canada and get the help you need. The company can lend you as much as $45,000 without any credit or employment checks. They can also offer low-interest rates, personalized payment plans, and affordable monthly fees. Log on to their website or call their toll-free number at 1-855-965-1650.
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