You want to buy a new car, but you don’t have a plan to sell your current vehicle. You want an additional car for your wife and children. The new car will make it easier for your wife to work and fetch the children from school. So the solution would be a new car. But you are short of money, what will you do? Well, getting a poor credit car loan Cambridge Ontario would be a wise option for you.

How Can You Use Your Current Car To Buy A New One?

You can get cash using your vehicle by taking out a loan using your car as collateral. It is a secured loan with your car as security. One advantage of a secured loan is quick and easy processing. Unlike traditional loans, with a long list of requirements, secured loans have fewer requirements. You can use your loan to buy a new car.

Advantages Of Car Collateral Loans

• Keep using your car while paying your auto loan. You can use your collateral vehicle for business or rent it out if it is not in use. The income from your car can help you pay your loan.
• You can still get bad credit auto loans even with low credit scores. The lender won’t conduct any credit checking; thus, you don’t have to worry about your bad credit history.
• Get your money fast, and your cash can be available in less than a day if you complete your requirements. Banks can’t release your money in less than a day.
• It is convenient, and you can even apply online.

If you need a loan to buy a new car, Instant Cash Canada can let you borrow as much as your car’s true market value Call our toll-free number at 1-866-840-7395 for pre-approval, or visit our website and apply online. 

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