Can I Add My Name to a Car Title and Use It to Get a Fast Loan Nanaimo British Columbia?

5 Details Every Borrower Must Know Before Applying for a Poor Credit Car Loan Moncton New Brunswick
August 13, 2020
Falling Behind on Your Payments for Your Car Equity Loan Scarborough Ontario? Here are 4 Ways to Catch Up
August 17, 2020

There are many benefits to having your own car. You can easily get around, earn extra money, or apply for a fast loan Nanaimo British Columbia. However, you must first prove that the vehicle to be used as collateral really is yours. This means showing the car’s title to the lender. But what if your name isn’t on the document?

How to Add Your Name to a Car’s Title

It’s possible to have a car but not have your name on the title. Maybe it’s a gift from your parents or you’ve inherited it from a family member. Perhaps your partner bought it and you’re the primary user. Whatever the reason, you can’t use a car as collateral for a special financing auto loan if your name doesn’t appear on the title. A simple solution is to add your name to the document.

The first thing you need to do is go to your local DMV for instructions. This might vary per state but there’s typically a title request form the original owner has to fill in. The form will include the details of the person to be added. The corresponding charges are then paid, then you wait for the new title. It’s usually released on the same day. You can also have the owner’s name replaced with yours, but that’s considered a sale or transfer and has a different process.

Get You More Money with Fast Loan Nanaimo British Columbia

Choose Canadian Equity Loans and get the cash you need in an hour. You can borrow as much as $50,000 from this trusted lender. They have the lowest interest rates in the industry and boasts of zero penalties if you pay your loan ahead of schedule. You even get to keep your car for the duration of the loan. Sign up on their website or call their toll-free number at 1-844-586-6311.

For more information, visit us on: