5 Benefits of Car Title Loans and One Important Warning

Published on: 22 March 2021 Last Updated on: 21 December 2024

Benefits of car title loans include ease, speed, and lack of influence from your credit score to name a few. However, one must remember that ‘easy cash’ is never truly easy and treat this method of financing as an extreme case aid that it is.

5 Most Important Benefits of Car Title Loans :

1. A quick source of cash :

The process of taking out a car title loan is so simple, you’ll have money on hand within a few hours. You won’t even need to collect any specialized paperwork to apply. The majority of lenders only require a simple form that you can complete in under 10 minutes.

2. Your credit score is irrelevant :

Any car owner can get this type of loan as long as their vehicle is worth more than the loan amount and they have a source of income. Your credit score won’t even be asked when applying for auto title loans.

3. Your car stays with you :

One of the most important benefits of car title loans is that you don’t have to give up your car after taking one. That’s why this financing method is so great as you won’t be deprived of an asset that you need to make money for repaying the debt. Note that you can even take out this loan in order to pay for car repairs.

4. Interest rates are lower than payday loans :

The majority of payday loans and various cash advances that are often used as a quick source of cash have very ‘unfriendly’ terms. That’s because those financing options are extremely risky for the lender as they literally give you money for free. You can get some idea of how ‘not cheap;’ those loans are from the PEW Charitable Trusts statistics. Car title loans, on the other hand, have default collateral, which is your vehicle. This enables the lenders to cut down the interest rates and make the overall terms more favorable.

5. Flexible payback schemes :

Paying off a car title loan will be easier than many other quick cash options because these plans are very flexible. Due to the collateral, lenders feel more secure and therefore are open to negotiations. You can definitely hope to get a long-term installment plan adjusted to your personal needs.

One Warning About Auto Title Loans :

First of all, you need to understand that this warning does not negate the benefits of car title loans in any way. Instead, like any warning, it’s here to remind you not to abuse the good thing that this financing offers. It’ might be easy to fall into the trap of ‘easy money’ illusion and take out a greater loan than you are able to handle.

To prevent this, you should consider your reasons very carefully. Do you need cash badly? Is your situation an emergency? When will you be able to get the money needed to pay off the debt?

Take out this loan only if your answer to the first two questions is ‘yes’. The last one is necessary to plan out the best payback scheme for your circumstances.

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How Car Detailing Can Keep Your Vehicle in Top Shape

A car is a great piece of structural engineering. It’s made up of a hundred bolts and pieces that come together for your driving pleasure. It’s no wonder that car enthusiasts and owners have an affinity toward the cars that they own. To keep the cars in top shape, an auto-detailing appointment should always be done on a regular basis or at least once a year. Contrary to popular belief, auto detailing is much more than cleaning the car. Cleaning or car washing focuses more on the car’s exterior and cursory vacuuming of the interior. Detailing goes beyond that. Though their goal is practically the same—to get rid of unnecessary dirt, debris, and grease in your car—auto detailing involves going through every inch of the vehicle’s body. It aims not just to clean the car but to restore it to its original form. Five benefits of auto detailing are outlined below. The Car Will Be Assessed: When you bring in your car for an auto-detailing session, your technician will be assessing every inch of your vehicle so that he can recommend the best way to clean and keep your car in tip-top shape. So be prepared to hear a thorough assessment of your vehicle’s condition, from the exterior to the internal hardware, and the recommendations that come with it, like what needs to be repaired, cleaned, or replaced. Depending on how the examination goes, your technician may suggest rust proofing, dent repair, or even wood grain and interior paneling. A good thing about having your car detailed is that the experience is completely customized to your needs. What may be needed by another car may not work for yours. Improved Fuel Economy: You get better gas mileage with an efficient car, meaning more miles with less fuel. Auto detailing helps your car’s efficiency by keeping its internal mechanisms spotless and running smoothly. The engine is the star of the show here. When it is thoroughly cleaned and scrubbed of dirt and gunk, it will perform in peak condition. You will notice that your visits to the gas station will be less frequent in the first few months after your auto-detailing appointment. You get value for your money, and you get to save more. Plus less power is required for your car to operate if it’s immaculately clean on the outside as this offers less wind resistance. That’s the law of aerodynamics from your high school physics class, if you conveniently forgot. Preserve the Car’s Beauty: Having a new car means that you get to drive a vehicle with a shiny exterior. Fresh off the factory, the car will have a clear coat on top of its painted surface. This protects your vehicle from rust and scratching. However, the clear coat slowly fades over time because of exposure to the elements. Heat, moisture, dirt, dust, and debris will chip away this protective coat. You will soon notice that your car’s surface isn’t as vivid or as shiny as it was before. Regular auto detailing will help preserve the way your vehicle looks. In detailing, the exterior will be coated with a generous layer of wax, which will not only restore your car’s shine but also protect the paint from further fading or peeling off. Better Driving Experience: You have to be comfortable when you’re behind the wheel because your safety and that of your passengers rests on your hands. Surely, when you have a clean car both outside and in, you’ll have no trouble concentrating on the road. A car that has just been auto-detailed is guaranteed fresh and performance ready. The seats and dashboards are free from any dirt and dust that may have built up over time. This careful assessment, along with additional cleaning measures such as buying floor-mat liners, will make your car spotless, rid of any unnecessary smell or junk that will distract you from the task at hand. Because the car is in its best shape, you’ll have a more enjoyable driving experience. The engine is more fuel-efficient, and the internal hardware is thoroughly checked and maintained. High Resale Value: You’ve put a great deal of time and energy into earning the money for your car, so you should go the extra mile to protect it. Apart from their utility, cars are also investment opportunities. But unlike land or real estate, the value of a car depreciates over time, more so if it is not properly maintained. In the future, you are probably thinking of selling or trading in your car for a new model. To retain most of your car’s value, you have to auto detail your car regularly. Making sure that every nut and bolt is secured into place and that the car has no glaring issues guarantees that you get a competitive price when you sell it in the market. This makes auto detailing important to any car owner. Read Also: Useful Tips About Mobile Car Detailing To Avoid Any Costly Maintenance And Repair Issues The Top 3 Fastest Ways To Sell Your Car Privately

Car Insurance For Electric Vehicles Explained

You’ve taken the leap into electric vehicles, leaving behind petrol fumes and high bills at the forecourt lured by the prospect of low running costs, no vehicle tax, and low emissions. Or maybe you’re just considering ditching fuel tanks for plugs and are doing the maths, calculating whether the savings you can rack up with an EV, from the government’s rebate to lower servicing charges, can offset the higher initial outlay. While electric vehicles are exempt from vehicle tax and from charges in London’s congestion zone, and you can rack up discounts on parking permits from many councils, you can’t avoid some of the standard costs of owning a vehicle. A major, unavoidable expense is for car insurance, which is a legal requirement for any vehicle using or even parked on public roads in the UK. If you’ve never sought out or arranged insurance for an electric vehicle, you might be baffled about where to start. Cost and Providers: You may heard electric vehicles are significantly more expensive to insure and that you’ll need to see out a specialist provider. It’s true that the market for electric vehicles, and therefore for insurance for electric vehicles, is still in its infancy. As of the end of September 2018, there are just 178,000 plug-in vehicles (including fully electric vehicles and plug-in hybrids) registered in the UK, out of a total of 37.3m vehicles on our roads. But the number is rising quickly: there were 5,000 new registrations of plug-in vehicles each month of 2018, while in 2014 just 400 new plug-in vehicles were being driven off lots. With the increasing uptake of EVs and hybrids, especially in the run up to the 2040 ban on petrol and diesel vehicles, the cost and complication of insuring them will fall. Electric vehicle insurance policies will become standard fare from mainstream insurers. Today, the higher purchase price of EVs drives up insurance premiums for them, as insurers need to consider to cost of replacing your vehicle if it’s stolen or damaged beyond repair. But even now you might find insuring an electric vehicle might be comparable to, or even cheaper, than insuring a petrol- or diesel-powered car, owing to the small size and less powerful engines on EVs and the discounts some insurers can give you for driving environmentally-friendly cars. However, the process of obtaining insurance quotes and policies for an electric vehicle is different than that for EVs and a rundown will be helpful as you start your electrically-powered journey. What Impacts Cost of Insurance for Electric Vehicles: You’re probably familiar with the features of a standard vehicle that can inflate, or reduce, your monthly premiums for its insurance, including its car insurance group, the size of its engine, and purchase price. For insuring electric vehicles, there’s a new calculus, accounting for who owns the battery and the risk posed by (not kidding) power cables. leased batteries: Some EV manufacturers like Renault and Clio offer motorists the option of buying the vehicle outright but leasing its battery, with a monthly fee and mileage agreement. These arrangements spare you the steep cost of replacing batteries when they lose functionality after a few years. But if you’re leasing the battery, you’ll need to inform your insurer when obtaining quotes, as a leased battery will affect who needs to be paid if your electric vehicle is written off. Additionally, some policies may not cover leased batteries. power cables and liability: Much like your smartphone, your electric vehicle will need to be charged, just with a very big cord. If you’re charging in your driveway or garage, you won’t have to worry about the cord trailing large distances. But if you’re charging your vehicle while it’s parked on the street or at a public charging station, that cord could pose a tripping hazard. When obtaining an insurance policy for your electric vehicle, you should ensure it provides enough liability cover to protect you if a member of the public face-plants over your cable. fires from at-home charging: If your electric vehicle or cable fire while plugged in in your driveway or garage you might wonder which insurance policy will pay out: your home insurance policy or the one for your car. That ultimately depends on where the fire originates, but the risk of an electric fault within your vehicle causing a fire that then destroys you home can push up premiums for car insurance for EVs. green discounts: Some insurers will offer discounts of up to 5% on your annual premiums as a reward for you driving an environmentally-friendly car. Others will make charitable donations to green causes in your name from your premiums or plant a certain number of trees. Read Also: Why You Need Classic Car Insurance? 7 Reasons Why Teenagers Pay Extra For Car Insurance

5 Safety Features in Your Maruti Car You Did Not Know About

While it is important to feel comfortable and in control of the car, it is equally important to choose a car that has safety features which protect the driver and the passengers. People want to ensure that they are safe whenever they are inside the car, and the latest technology has made it possible to develop safety features that meet the demands of the consumers. Cars manufactured by Maruti Suzuki have numerous models to choose from. These cars offer a range of safety features not many consumers know about. So, here are five features in the Maruti car you might not be aware of. Moreover, you can Find out more about Suzuki vehicles here. 1. ELR Seat Belts : Seat belts are a vital safety feature in a car. The emergency locking retractor allows the driver’s seat belt to extend and retract with the movement of the occupant. It locks the belt in case of a sudden stop or upon an impact. This ensures that there is no movement of the occupant in case of an accident or a stop. 2. Electronic Brake Distribution : This is one of the most talked-about a safety feature in a car. The electronic brake distribution is a technology which varies the amount of force applied to the brakes of the car. Basically, the force applied varies according to the road conditions, speed, loading and helps in the maintenance of vehicular control. Also, there is less braking pressure at the rear end which helps avoid skidding. 3. Anti-lock Braking System : The anti-lock braking system prevents wheels of the car from locking up while braking. It offers better vehicle control in case of dry and slippery surfaces by reducing or increasing the braking distance. This system has evolved over the years, and it not only prevents the wheel locking but also electronically controls the brake bias in the front and rear tires. It reduces the chances of heavy braking. 4. Front Dual SRS Airbags : The restraint system of the airbags is used to supplement the seatbelt system and protect in case of crashes. It enhances passenger safety in case of a collision. It is equipped with a sensor which calculates the impact and intensity of the collision and deploys the airbag. At the front, there are two airbags, one for the driver and one for the passenger. Moreover, these airbags open in no time and provide cushioning to the front seat passengers in case of an accident or collision. It is an effective safety feature that has helped save many lives. 5. ISOFIX Mounts : ISOFIX is an international child safety fitting system which is similar to a child seat. The concept of a child seat is uncommon in India, but it is followed strictly across the world. ISOFIX mounts have specially designed fitting points. It allows easier and safer attachment of the child safety seat in the passenger seat of your car. The ISOFIX connectors are two prongs which stick out of the back and click into the metal clip into the car seat. It provides a secure anchorage for the child seat and ensures that the child remains safe and secure in case of a sudden halt or high speed. Your car may have all the safety features to protect you from an unfortunate event, but what about the safety of your car? Remember that driving in India comes with its own perils. We often hear cases of road accidents and rule-breaking. Considering these factors, it is important to get car insurance, moreover, a comprehensive one, right after you buy your Maruti car. A comprehensive Maruti car insurance, will not only provide coverage for damages caused to the third-party but will also financially safeguard your car as well. Comprehensive Maruti car insurance covers damage to your car caused by events that are out of your control and provides coverage against: Theft Vandalism Glass and windshield damage Fire Accidents with animals Damage to Third-party Weather/acts of nature, etc. Conclusion: While deciding to purchase a car, you always consider the safety features to ensure that you and your family are safe in case of a collision. However, you must also focus on protecting your car, which is one of the most significant investments you make in your life, by purchasing Maruti car insurance. It is better to be safe than sorry, and whether you are on the driver seat or the passenger seat, these safety features (literally) and Maruti car insurance (financially) will keep you safe. Read Also : Tips For Reducing Car Insurance Costs Your Simple Guide To GAP Insurance Choosing The Right Anti-Theft Devices For Your Car In Houston TX

5 Benefits of Car Title Loans and One Important Warning

5 Most Important Benefits of Car Title Loans :

1. A quick source of cash :

2. Your credit score is irrelevant :

3. Your car stays with you :

4. Interest rates are lower than payday loans :

5. Flexible payback schemes :

One Warning About Auto Title Loans :

How To Choose The Best Wheels And Tires For Your Vehicle?

7 Ways to Find the Best Auto Repair Shop for Your Vehicle

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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How Car Detailing Can Keep Your Vehicle in Top Shape

Car Insurance For Electric Vehicles Explained

5 Safety Features in Your Maruti Car You Did Not Know About

5 Benefits of Car Title Loans and One Important Warning

5 Most Important Benefits of Car Title Loans :

1. A quick source of cash :

2. Your credit score is irrelevant :

3. Your car stays with you :

4. Interest rates are lower than payday loans :

5. Flexible payback schemes :

One Warning About Auto Title Loans :

Share this Article

How To Choose The Best Wheels And Tires For Your Vehicle?

7 Ways to Find the Best Auto Repair Shop for Your Vehicle

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related