Edmonton Title Loans

An auto equity loan lets you access cash by leveraging the value of your vehicle. The equity is calculated by subtracting any remaining loan balance from your car’s current market worth.

(You can usually borrow up to 50% of that equity.)

While both options use your vehicle as collateral, an auto equity loan is based on the amount of value you have built up in your vehicle, even if it’s not fully paid off. In contrast, a title loan usually requires that your car be completely paid off and that you hand over the title during the loan term.
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Yes, you can!
A credit check is not required for approval since the loan is secured by your vehicle’s value. However, if you do provide your credit information, it could help you qualify for lower payments.

Most requests are approved the same day, allowing you to access your funds promptly. We strive to make the approval process straightforward and efficient.

An auto equity loan provides quick access to cash using the value you already have in your vehicle. It’s a quick solution to get the funds you need for unexpected expenses, big purchases, or to ease financial burdens. Plus, approval doesn’t depend on your credit, making it a convenient alternative to traditional loans.

You can still qualify for an auto equity loan even if there’s an existing loan on your vehicle.
The loan amount will be based on the equity you have after accounting for your current loan balance.

If you have any additional questions, please don’t hesitate to contact us.

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