Need Money For Landscaping? Consider a Car Title Loan

April 27, 2013

With spring under way and the summer months approaching, landscaping is a major concern for many Americans. If you’d like to have any major landscaping work done, it could cost you an arm and a leg. Alright, it’s not that bad, but the bill could easily tally into the hundreds, thousands, or even tens of thousands of dollars.

To get the financing that you need to hire a professional landscaper, you could get a car title loan. You may have heard of such loans referred to as title loans, u-drive loans or pink slip loans. Let’s take a look at some of the factors to consider regarding car title loans.

What is a Car Title Loan?

A car title loan is a loan that is based on the value of your vehicle. If you own a vehicle (paid off), a car title lender will assess it’s value. Then, assuming you meet some minimal requirements, the lender will likely offer you a loan.

How Much Can I Borrow?

The amount of money that you can borrow depends on the value of your vehicle. A car title lender may offer you a loan based on a percentage of that value.

How Much Time is Required?

The process of getting a car title loan is typically much faster than that of a traditional lender. In fact, at Car Cash Loans, you’ll generally be in and out in around an hour.

What if I Have Bad Credit?

A credit score can be a real pain if you would like to borrow money. At Car Cash Loans, you won’t have to go through a credit check, so you won’t have to deal with a snooty banker implying that you don’t have the “Privilege” of borrowing his money because your credit score is too low.

How Much Interest Will I Pay?

According to Bankrate.com, car title loans typically carry an interest rate of 25 percent over 30 days. Car Cash Loans offers rates that are less than half that amount, which will save you money when compared to other title lenders.

How Long Will I Have to Pay My Loan Back?

Loan repayment periods vary from lender to lender. Car Cash Loans offers up to 5 years to pay loans back, giving you plenty of time to comfortably pay for your loan.

What Will Happen to My Vehicle?

On a car title loan, you will get to keep your vehicle. Car Cash Loans will only require you to temporarily hand over the title to it.

Example

Suppose that you want to have a pond installed in your back yard in Los Angeles. Doing so will cost approximately $7,500.

You could visit a car title lender and get a loan based on the value of your vehicle. Car Cash Loans offers loans of up to 50 percent of a vehicle’s value, so a vehicle that is worth $15,000 or more would work fine in this regard. Even if your vehicle is worth less, you could still get a loan so that you don’t have to pay as much out of pocket upfront for your landscaping needs.

Conclusion

A car title loan can be a great way to get the money you need for your landscaping project. Landscaping isn’t always done quickly or easily, but getting a loan doesn’t have to be time consuming or difficult. Consider a car title loan to pay for your landscaping expenses if you’d like to get a loan without a lot of hassle.