LTO with 2012 Impreza as collateral

[CLE_Maximus]

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

[Quickseller]

Have you tried a title loan?

[CLE_Maximus]

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.

[Vod]

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. 

[CLE_Maximus]

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.

[ThatRandom8543]

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.

[CLE_Maximus]

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.