car finance Mississauga Ontario

September 20, 2019

3 Elements Car Finance Mississauga Ontario Lenders Consider When Assessing Collateral

There are two key components in car finance Mississauga Ontario – the car’s title of ownership and the state of the collateral. The former you’ll be surrendering to the lender while the latter will determine how much you can loan. In order to determine how much the company can lend to the borrower, they will need to evaluate the car. Here’s what they will look for: Elements to Consider When Evaluating Collateral Manufacturer and Release Year: The lending company will first check the brand and model of the vehicle. They will also consider the year it rolled out of the assembly line. Certain models will fetch a higher price than others. For instance, a Ferrari will definitely fetch more than […]