An Option to Car Title Loans for full car worth
An Option to Car Title Loans
Take a look at that shiny red car on your driveway, now take a look at your empty wallet and the bills you need to pay. Do you see a connection? Why, that car value could pay for loads of bills and leave you with some extra cash for other necessities but only if you know where to get money for your car. Below are two things you can do to get the car worth in cash.
- Sell your car and get the car value
- Go for car title loans
So there you have it, two options that will give you money for your car but only one will give you the right car value.
What are car title loans?
Even if you have never actually gone for car title loans before, you will have heard of them at some point. So many people who need extra cash in a jiffy usually turn to car title loans so they can have some quick cash on hand and you can do the same. This will not give you your car value or car worth but you do get cash in hand with almost no questions asked. All you need to do is sign some papers and hand over the title of your car to the company if you fail to pay them back for the money they loaned you. What people like about this is that it is very easy to get a loan even if it doesn’t exactly give the cash equivalent of the car value because there are no credit or income checks to hurdle. Hey, beggars can’t be choosers after all.
What you need to know though is that these loans have very high interest rates and if you cannot pay back the full amount you were loaned in 30 days, you are in big trouble and will lose your car. This is sad because your car value will usually be way more than the amount you were given in the first place.
Why not sell your car?
If you want to get your car worth then you need to look for a company that will do just that. However to really get your car worth you will have to sell your car. Now, that may not bode well for you but if you think about it, it is better to get your car worth on a check right away than to get a miniscule loan and then lose your car anyway.
When you sell your car and get your car worth right away, you will not have the option of getting back your car. That may seem like a deal breaker to you but come to think of it, chances are high you will not get it back if you use the title to get a loan anyway.