Need Fast Cash Calgary Alberta? Get a Loan Using these Vehicles as Collateral

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There are times when you will need fast cash Calgary Alberta. Maybe your trip to the ER isn’t covered by your insurance, or a sudden storm left your basement flooded. Whatever the reason, an auto title loan can help you out of a financial bind. Applying for this loan is easy, as you basically just need to provide a vehicle as collateral.

What Can You Use as Collateral?

The type of vehicle you can use as collateral will depend on the lending company. Cars are universally accepted while some lenders will accept bikes or RVs. There’s also the issue of age, as a few companies don’t accept vehicles that are older than eight years. Here are the three most common types of collaterals:

  • Standard Cars: Title lenders will generally accept conventional vehicles, like compact cars, convertibles, hatchbacks, sedans, SUVs, and vans. Honda and Ford’s models are said to be the two brands typically used in this type of loan.
  • Recreational Vehicles (RV): Many people invest in RVs because they’re a good investment and a great way to get away with family and friends. A well-maintained RV with some enhancements can fetch you a substantial loan.
  • Motorcycles: It’s surprising but there are lenders willing to accept vehicles of the two-wheeled variety. Motorbikes are a great way of traveling. They’re fast, easy to maneuver, and gives you so much freedom. It’s also good collateral for vehicle title loans.

Faster than the Competition

You’re making the right choice with Canadian Equity Loans. The company can offer you loans as high as $50,000. They also have the lowest interest rates around and even provide their customers with personalized payment plans. You don’t even have to worry about employment or credit checks. Log on to their website to apply or call their toll-free number at 1-844-586-6311.

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