Everyone at one time or another goes through a rough patch financially especially in an expensive city like Vancouver. Even with the most prudent financial planning you may find yourself in a financial crisis that requires quick cash. And in such an emergency, your bank or credit union many not come through for you. This is where a car title loans in Vancouver option come in handy.
Title loans in Vancouver are a way for individuals to meet their financial shortfalls. Whether you need to renovate your house, take care of medical expenses, or any other financial emergency, your car equity can come to the rescue.
There are many reasons to check out Vancouver car title loans when you are facing a cash shortfall. Take a look:
- Access to fast cash: if your vehicle is in good condition, the application and loan approval process is quick and convenient.
- Flexible repayment: The repayment period and amount will be based on your income. Many title loan companies offer individualized repayment plans.
- Larger amounts: Car equity loans in Vancouver BC are a form of secured loans, that means you can qualify for a larger amount to take care of your pressing financial needs.
- No Credit Checks: If you have a poor credit score it is unlikely your bank will provide a loan for you. Auto title loans in Vancouver allow anyone with bad credit to access financing.
- Use your car as you repay: Unlike pawnshops a car title loan provider will not take your car.
To qualify for a car title loans in Vancouver, you need to be 19 years of age or older, have clear title to your vehicle and the vehicle must have both collision and comprehensive insurance coverage. The vehicle must be registered in BC and you’ll need a valid BC Driver’s License.