If you are planning to take a loan against your used car, then make sure you do proper planning. The very first step is to choose a good and reputed car pledge service company for this purpose. There are companies which offer you money in exchange for your vehicle but scam you in the future. Often car pawn companies have this bad repute of keeping the vehicle and never returning it. So, it is very important that you cautiously choose a car pledge service company rather than getting duped in the process.
When you are taking loan against your car, then you should check all your documents first. The RC book has to be clean. The financial institute surely wants that all the documents related to your car is clear. They are not ready to take any kind of risk. They will assess the papers and value the car independently as well as check all the internal parameters before choosing to lend you.
Quality of your car marks your loan cost
Financers look for organized deals because unorganized deals have no proper invoice. The value of your car differs depending on its usage, number of users of the cars, the different times it has been transferred, its mileage and condition. There may be two cars of the same year with one travelling 50,000 km and the other just 10,000. But, the loan amount offered on both the cars will be different. Thus, the professional at the car pledge service company will estimate the price for all the obvious reasons and then reveal it to you.
If your car is very old or its production has been stopped, then you may not get any loan against it. It is difficult to get loan for more time period on cars that are above 10 years of age. Thus, if you are planning to opt for loan for a used car, then check the quality of your car, find out its valuation and check all the documentations are available with you. You usually don’t need a credit score to opt for a loan against car.
Once the car pledge service company is satisfied with the car backlog [รถค้างค่างวด, which is the term in Thai], then you can further proceed. They will evaluate the price and draft the contract for you. Now all you need to do is sign the contract and get paid for it immediate. Do not worry. Your vehicle is kept safe in the parking with complete security. The professionals acknowledge your helplessness and thus endeavor to help you in every possible way. Do not be disappointed as the moment you pay the loan amount, you will get your car. The best thing is that you can pay the loan in small EMIs as per your convenience.
Pledge Express is your best help to avail amazing car pledge loans at highly reasonable interest rates without any problem. So, get your cars evaluated today and get the best amount against your car.