Filed Under : 
Jun.13,2010
What are automobile title loans? Automobile title loans are short-term loans, usually with a 15 to 30-day repayment cycle, although flexible options may be offered by some agents. To avail of this loan, you have to keep your automobile title as the collateral. So, make sure there is no dispute regarding your car title. The rate of interest is very high for these loans, for example 25% for one month. However, if one chooses to repay over a longer period of time, yearly interest rates should be considered before opting for such a loan. Most automobile title loans include roll-over policies. This means that your loan can be renewed a number of times over if you miss your payment when due, of course at a higher rate of interest. Advantages of opting for automobile title loans Easy accessibility: Since these loans are easily available with hardly any documentation required for proof apart from your car title and can be availed within an hour’s time, there can be nothing as convenient if you are in need of instant cash without any hassle. You do not pawn your car: Unlike pawning where you would have had to deposit your car as security, you can continue driving your car while you reap the benefits from it. Automobile title loans do not bring about any danger to your vehicle as long as you make your repayments on time. It is only when your payment is overdue and you do not commit to a repayment policy at a higher rate of interest, the lenders can reclaim your car. Improve your credit rating: A bad credit rating does not prevent you from approaching for automobile title loans because you can avail it in spite of that. In fact, if you make a timely repayment, it helps you improve your credit score as recorded by credit bureaus, therefore improving your credibility as a customer for future loans.
Tags : automobile, Loans, Title
The Indian automotive industry takes a long way. There was a time when merely a small number of cars and Fiat Maruti ruled the roads. Lately, there is a enormous increase in managerial and prepared services and luxury Swankiest cars on the roads. I have ventured to the worldwide auto industry giants such as Volvo, General Motors and Ford in the Indian car market. Today, the Indian auto industry is the tenth principal in the world. It has annual manufacture of about 2 million units. It is predictable that in the coming years, India will become one of the main industries in the world auto industry. Liberalization policies in the 1990s, and tax holidays for tourism projects. He said that India has a important collision on the auto industry in India. Indian auto industry is increasing at a rate of about 18% annually. Interesting facts: Hindustan Motors is the oldest car manufacturer in India. It is recognized as the best ambassador for the non-payment, t been changed for more than 30 years. Passenger cars and motorcycles in India Part grow 8-9 per cent. And Commercial vehicles will be augmented to 5 at 2 percent. And sport utility vehicle (SUV) in the Indian market to increase in coming years. The automotive sector in India is a starting place base for the international auto companies. Two-wheeler segment, motorcycles see the 11th 5 percent compared with the increase and motorcycles.