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Auto Title Secured Personal Loan

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ADARPegasus
Established Contributor

Auto Title Secured Personal Loan

I am looking for a personal loan where I can use my car as collateral so does anyone no any banks or credit unions that will let me get a secured loan that way?

Transunion - 788 05/16
Experian - 745 05/16
Equifax - 740 05/16
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2 REPLIES 2
sccredit
Valued Contributor

Re: Auto Title Secured Personal Loan

You should be able to with any credit union (see DCU for rates at 1.9%)

Message 2 of 3
HoldingOntoHope
Valued Contributor

Re: Auto Title Secured Personal Loan

It's really going to depend on the age and mileage of your car as well as the value of the vehicle. If you have a 2013 Rolls Royce with 2,000 miles then no problem. If you have a 1976 Chevy Vega with 340,000 miles - well, problem. Hopefully you are somewhere in between.Smiley Tongue

Best financial advice I ever got: "Just imagine what an adult would do and do that."

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