quick car loan Regina Saskatchewan

November 15, 2019

Can I Use My Old Car as Collateral for Quick Car Loan Regina Saskatchewan?

Most lending companies accept all types of vehicles as collateral. However, there are some that prefer to only accept cars of a certain model or age. Economics is the main reason for this. The lender wants to ensure that they can sell the vehicle and get back some of their investment. That can be harder to do if the car is old. No need to worry though, as you can still use an older car when applying for a quick car loan Regina Saskatchewan. Can I Use an Old Car as Collateral? Yes, you can use an older car as collateral, but it would depend on the lender. Some companies are understandably wary about accepting certain models since its equity […]