All About Car Equity Loans in 2020

car equity loans

Life is full of challenges. These challenges often require financial aid in order to maintain peace and harmony. A car equity loan is just the thing required to deal with such obstacles. A car equity loan works just like a house equity loan. In an auto or car equity loan, the present market value of the vehicle is used to compute the loan amount you are eligible to borrow. Every vehicle has an equity value to it that you may not be aware of. A person in need of immediate funds can use this equity to his favour and get a loan in no time. We at Super Collateral Loans, make sure that a borrower gets the best deal using the equity value of his vehicle.

Getting a loan from a bank is usually the first option people think of when they need money. Little do they realize that a personal loan from a bank can sometimes take days or even weeks to process. You’ll be asked to submit numerous documents and provide a good credit score along with a good credit history as well. With the increasing loan demand, banks have become more difficult to impress to get a loan approval. A standard bank loan requires a lengthy time period to be approved which most people don’t have during an emergency. a

Sometimes even after getting through with the documentation there is still a chance that the loan might not get the approval after all at the bank. The waiting and stress is not worth the time and energy wasted. A better and more reliable way to get a loan is a same-day cash car equity loan.
There are a lot of benefits to this type of loan like instant fund access, minimal paperwork and quick cash disbursal to name a few. These loans are also known as a car title loan or a car collateral loan. Banks have a lengthy loan process and are unable to provide instant funding to its customers without a credit check. Whereas through our auto title loan you have the cash within hours of getting the paperwork done. Minimal paperwork is another great advantage of applying with us. All you have to do is provide the clear title of your car and some other basic documents which you usually already have quick access to like your driver’s license. There is no fuss and no hassles attached with our paperwork and loan process.  Alongside that we offer very flexible monthly payment options making Super Collateral Loans the first choice of many Canadians.

Steps To Apply For The Loan

Follow the simple steps tin order to get a car equity loan with us:

Possess a vehicle that is free of all kinds of debt or financial obligations and is within 10 years old.
Apply for the loan via our website and fill out the form with all necessary basic details or get in touch through (toll free) 1-855-251-3556 to talk to a loan agent.

Get a rough loan quote from us.

  • Submit the required documents for verification.
  • Get your vehicle inspected.
  • Discuss, review and sign the loan agreements.
  • Drive away with your funds and your car!

With some simple steps and documentation you can get funds up to $40,000. On the very same day you apply it is totally possible to get your funds without any complications or tedious paperwork.

Loan Requirements

  • A fully paid off vehicle that is no older than 10 years is the first necessity for this loan.
  • The owner of the car must have a lien-free title. This means, the title of the car must be free from any kind of financial obligations.
  • The car being considered for loan must have a reasonable equity value to it. The equity value of the car is determined by a few parameters like year, make, and model of the car, kilometers and of course the current car condition. All these factors help calculate the equity of the car.
  • Next requirement would be the insurance documents of the car. The vehicle must be fully insured(comprehensive and collision) in your name.
  • A spare set of keys that work on all the doors and ignition is also required.
  • Other important documents needed are a valid Canadian driver’s license, proof of permanent residency and proof of legal age as per your province.Everyone who owns a vehicle usually already has these basic documents or at least has quick access to them. We provide a lot of benefits to our customers. For instance, there is no such thing as a prepayment penalty when you are dealing with us. Do you want to get rid of the loan as soon as possible? Go ahead and make an early payment without any fear of fees or penalties. There are a lot of private lenders who provide car title loans but there’s a high risk factor involved in dealing with them. One of the risks is the disclosure of private information about your money matters. It can result in unthinkable outcomes. We provide a systematic approach with all the documents filed properly and all transactions done with utmost care and safety. Customer privacy is a priority for us and all the personal information is kept strictly confidential. We also provide the best customer service with our team being available round the clock for all of your inquiries.
    Everyone goes through times when financial limitations restrict our daily lives and growth. With a car equity loan you can solve all your money problems or work on your ideas without letting shortage of money be an issue.

Call (toll free) 1-855-251-3556 or apply online today.

Leave a Reply

Your email address will not be published. Required fields are marked *