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A car’s value starts to depreciate the moment its new owner drives it out the lot. It’s in your best interest to select a car that doesn’t require a lot of maintenance but is still efficient, reliable, and safe to drive. This type of car will retain its value longer and will give you a chance to secure a higher amount if you decide to apply for cheap loans in Burlington Ontario.

3 Low Maintenance Vehicles Perfect for Car Equity Loans

There is plenty of low maintenance but high-value automobiles in the market today that are ideal for car equity loans. Here are three of the best ones:

  • Chevrolet Spark Hatchback: This car has the lowest five-year ownership cost in 2018 and the cheapest purchase price. It’s fuel efficient and runs at 98 horsepower. It’s very reliable and has a good safety rating.
  • Kia Rio: The Kia Rio recently had a makeover, with more comfort and safety features added. Its interiors have been optimized for smart driving, with a 7-inch display screen that can run Android Auto or Apple CarPlay. The Rio also comes with an upgraded 1.6-liter 4-cylinder engine for a safer driving experience.
  • Hyundai Accent: This new and improved sedan boasts an enhanced tech suite that can work on either the Android Auto or Apple CarPlay and more safety systems. The Accent is also the cheapest car on the market today.

Lowest Interest Rates in the Industry

Don’t worry about not driving a Kia or Hyundai. Premier Loans Canada accepts any vehicle as collateral, as long as the title is clean. You can loan as much as $45,000, with loan terms of up to 2-5 years. The company also offers flexible payment options and the lowest interest rates. You can apply online or call their toll-free number at 1-855-965-1650.

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