What are the loans secured by car?

we all Have those moments when we urgently need money, and them or not, or no place to take, and we turn to the micro credit organization, the type of pawnshop and get a loan against your car just for 1 hour.

Pawnshop today provide services such as: a loan secured by car and with the right driving. By the way, in Almaty the loan secured by the car with the right management can take the company
. But I have to say, I would prefer to take the credit without the right of driving a car. And for several reasons:

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  • first is of course the price issue. If a conventional loan secured by car when we leave the car in the Parking lot of the pawnshop, we pay on average about 6-8 %, getting a loan with the right of driving we will pay a minimum of 10% and some pawnshop can request and up to 15 %. The difference in the 2-4% it seems not so much, but if you are taking out a loan a couple of million, then the sum is considerable wound;
  • the Second caveat is the safety of the vehicle. Your car can break, be stolen, or God forbid get into an accident. And here, by the payment of interest on the loan, you'll have to fix cars, search, or recover damages in case of accident. And leaving the car in the Parking lot, you take full responsibility for the safety of your car. If something goes wrong with the car, the entire responsibility will lie entirely on the pawnshop. And you with peace of mind can go about their business without worrying about the condition of your car, because it will be guarded 24 hours a day, 7 days a week;
  • the Third, but not least is law enforcement. Anything can happen and sometimes things happen that you just can't repay a loan. If in a typical loan secured by car, you will be only disturbed by calls from a pawnshop about overdue loans, taking a loan against the security of the car with the right driving you immediately begin to bother law enforcement that will put you in his field of view. Agree to be in sight of court bailiffs is a dubious pleasure. To charge you car is such a pawnshop, will be in court where your expenses will increase greatly. Don't know about you, but I don't like is once again in the state institutions, especially in such pleasant occasions.
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Insights

As you can see, preferring a conventional loan secured by car without driving licence, which is essentially nothing but headaches gives, you are saving not only your wallet, but also a significant beam of their nerve cells. Hope has helped to clarify the situation with the loan secured by car with the right management.

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Source: http://uzinform.com.ua/

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