Car Title Loans
> Car
Title Loans
Car title loans are a type of Hire Purchase. The rate of interest
may either be fixed or variable, and are arranged by your
car dealer. There is a required deposit of around 20% of
the car’s value.
The term of the loan is usually between two to three years
of monthly payments.
Repayment periods are generally shorter compared to
other forms of car loan financing so the interest tends to be
much higher. Keep in mind that since this a form of hire purchase,
the title stays with the company and you only receive actual ownership
of the car upon the final monthly repayment.
Click on the links below for more information
about car loans
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Title Loans
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