Car Loan Types – To Leave Or Not To Leave Your Car Behind
Car owners know the importance of having a vehicle that they can use everyday. Cars can be a very comfortable alternative to commuting from work daily or can be a necessity more than a luxury for some. They are not just very practical, they can also help us obtain fast cash should we need it by applying for a car loan.
If you are having financial difficulty at the moment or you just need a high amount of cash quickly, you can apply for a car loan from Global Dominion Financing Incorporated. You have two choices: either you leave your car with them for an instant approval of your loan or you use your vehicle’s original official receipt and certificate of registration as collateral and drive away with your own vehicle plus the loaned amount in a few days.
For the company’s car loan program that doesn’t require borrower to impound their car with them, the borrower needs to present and submit the car’s original receipt and certificate of registration as collateral, as well as other papers for documentation. The loanable amount for this is Php30,000 to Php1 million based on half of the car’s appraised value.
With this kind of car loan, borrowers can expect their loan approved in 48 hours for Metro Manila LTO registration and 72 hours for provincial LTO registration.
If you need a faster type of loan, you can leave your car with Global Dominion and have your loan approved within the same day if you are within the Metro Manila district. Car loan impounding will allow owners to leave their 1995 or newer model cars from leading brands in exchange for a loan of Php750,000 or 50 percent of selling price for high end cars or 70 percent value of the other appraised cars.
Borrowers will also need to make sure to submit complete requirements along with their vehicle to avoid any hassle.
In this day and age, owning a car is as much a necessity as it is a luxury. A vehicle of our own doesn’t just help us get by our daily lives, it also helps us get through difficult financial times.