auto loan Burlington Ontario

June 28, 2019

3 Factors Lenders Consider When Evaluation the Amount of Auto Loan Burlington Ontario

More and more people are using vehicle title loans to help them weather a financial crisis. While you’re almost guaranteed a loan, you can’t really be 100% sure that your application will be approved. You also can’t really know how much you can borrow from lenders specializing in auto loan Burlington Ontario. 3 Factors Lenders Check When Evaluating Equity Your car’s equity will determine how much you can borrow. Some lenders might just offer $1,000 while others can go as high as $100,000. There are three critical factors that lenders look at though: Type of vehicle: The model and year the car was manufactured is a major consideration in car collateral loans. Newer models will have higher equity than a […]