|
Title: LTO with 2012 Impreza as collateral Post by: CLE_Maximus on March 12, 2017, 01:59:33 PM Hello all!
I've thought about this for a while. What would be a good process for loaning my car for collat? I live in NE Ohio and have a '12 Subaru Impreza (66K Miles) in great condition. I was looking for a 2-3 month loan and was wondering what a fair % would be. Anyone with experience with this I would appreciate your input! Thanks, Maxi Title: Re: Theoretical LTO with car collat Post by: Quickseller on March 12, 2017, 06:20:08 PM Have you tried a title loan?
Title: Re: Theoretical LTO with car collat Post by: CLE_Maximus on March 12, 2017, 06:36:09 PM Have you tried a title loan? I've done some research on them -- most businesses are borderline predatory with the interest rates they provide. Thank you for the advice none the less. Title: Re: Theoretical LTO with car collat Post by: Vod on March 12, 2017, 06:46:04 PM Have you tried a title loan? I've done some research on them -- most businesses are borderline predatory with the interest rates they provide. Thank you for the advice none the less. You'll find bitcoin loans are much more predatory than title loans are - to the tune of hundreds of percent a year in interest. :-\ If you are serious about a loan, a title loan will be cheaper than a bitcoin loan. Title: Re: Theoretical LTO with car collat Post by: CLE_Maximus on March 12, 2017, 08:35:26 PM Have you tried a title loan? I've done some research on them -- most businesses are borderline predatory with the interest rates they provide. Thank you for the advice none the less. You'll find bitcoin loans are much more predatory than title loans are - to the tune of hundreds of percent a year in interest. :-\ If you are serious about a loan, a title loan will be cheaper than a bitcoin loan. Bags. Well there goes that idea haha, thank you for chiming in Vod. Title: Re: LTO with 2012 Impreza as collateral Post by: ThatRandom8543 on March 12, 2017, 09:08:19 PM Just make sure you dont go to a cash advance place that accepts titles for loans. Those usually are more expensive and have hidden fees. Probably best to go to a bank or to a lending company that dont offer any form of cash advance.
Title: Re: LTO with 2012 Impreza as collateral Post by: CLE_Maximus on March 13, 2017, 03:33:47 AM Just make sure you dont go to a cash advance place that accepts titles for loans. Those usually are more expensive and have hidden fees. Probably best to go to a bank or to a lending company that dont offer any form of cash advance. Awesome, thank you for the advice. I never knew that banks were capable of doing title loans until now; I have a decent credit score so hopefully they would approve it with a halfway decent rate. |