You will find many other benefits when you choose a car title loan over other types of loans as well. For example, one such benefit is that they usually have lower rates than other short term loans, including pay day loans. Lenders will generally give you a lower rate because the loan is virtually guaranteed by the value of your car. Because these loans are less risky to the lender, they are more affordable to you.
Another benefit that people find when they choose car title loans over other types of loans is that they will be able to take a larger amount of money with this type of loan than with other loans. For example, with a pay day loan, you may only be able to take $300. However, with a car title loan, you can get up to $10,000…and that can really help in many situations. You can also use this money for anything, which is an added advantage.
Finally, you will find that you can get this money very quickly, in most cases, in the same day. All it takes to get your money is a few quick steps. You will need to fill out an application, present your documents, get an inspection, and the money will be yours. All in all, this takes a matter of hours.
As you can see, when you need money, an auto title loan can be a great choice. Give us a call or fill out the form above, and you will be on your way. For loans made easy, Embassy Loans is the leader.