Auto Equity Loans vs. Title Loans
At Edmonton Auto Loans, our auto equity credit program works much like a standard title loan—but with added flexibility. We base your loan on the available equity in your vehicle, which is calculated by subtracting any remaining loan balances or necessary repair costs from its current appraised market value.
You’re essentially borrowing against the value you already own. We generally provide up to 50% of your equity, and our revolving credit model offers several key benefits over conventional title loans.
What Makes Our Equity Loan Program Different?
- No credit history required for approval
- No employment verification needed
- Optional credit checks can unlock longer terms, better interest rates, and larger loan amounts
- Revolving credit available for up to 5 years
- Pay off anytime without penalties
- On-time payments help strengthen your credit through reporting to bureaus
- Fast and straightforward application process
- Highly competitive interest rates
- We accept vehicles up to 20 years old, depending on condition and market value
Edmonton Auto Loans isn’t just another lender—we’re the local experts in auto equity financing. Start your approval today and drive your finances forward.