Every once in a while everyone experiences financial difficulties, despite the most prudent budgeting. If you are a household owner in Vancouver, you appreciate how tough the times are with the increased cost of living. Traditional lenders are unwilling to risk giving personal loans regardless of how loyal a customer you have been. This is where car title loans in Vancouver come in handy.
Alternative Cash for Emergency
If you are looking for a quick alternative to meet a cash shortfall, a car title loan is a convenient and flexible option to a personal loan. These are secured loans taken against your car title and you can qualify for a larger amount than what your bank might offer for a personal loan.
More importantly, these loans are processed fast and some lenders now offer online Vancouver car title loans. This means the application and approval process is much quicker. An auto equity loan in Vancouver BC can be used to help with all types of emergencies ranging from medical bills, household renovations, business expansion, auto repairs, and education bills, among others.
How to Get a Car Equity Loan in Vancouver BC
If you are in the city, you will come across a number of car title loan companies but the eligibility criteria for their loans don’t differ much.
Generally, to qualify for an auto title loan you must:
- Be 19 years of age and above and in possession of a well maintained car, SUV, collectible or motorcycle with a valid car title.
- The car must be registered in BC and insured in your name – including collision and comprehensive coverage.
- Have a valid BC Driver’s License and 2 additional pieces of Government issued ID.
- Proof of income and residency.
- A second set of keys to your car.
Auto title loans in Vancouver are a huge benefit to household owners in the city. They are flexible, affordable and easy to apply for. Go ahead and search for an easy car title loan in Vancouver BC and ease your financial restraints.