car equity Thunder Bay Ontario

Aside from providing collateral, one of the other requirements when applying for a title loan is a vehicle inspection. Some lending companies require the borrower to present their car for evaluation at one of their branches. But many online lenders can do the assessment without needing to see the car in person. There are several reasons why lenders need to check car equity Thunder Bay Ontario. Why do Title Lending Companies Inspect Cars? Title lending companies need to inspect the proposed collateral to determine how much they can lend the applicant. It is also their way to check that the vehicle is in good working condition. After all, the car is used as security for this fast loan, so the […]