To obtain the easy to avail loan services of a financial firm, you are pledging your car. At Car Title Loans, Canada, we understand that you have priorities and strive to let you keep your auto to fulfil your needs and ambitions. We do not judge your requirements nor credit reputation. While we ensure that your documents are in order, it’s legally stated that we have to ensure the vehicle being pledged is insured.
Why do i need to insure my car?
Your car might be pledged to us or any other financial agency for that matter, yet you are in control of your auto. Should you get into trouble, that is going to impact the value of your vehicle. Thus we insist that your insurance premiums be paid at the earnest to ensure the smooth process for financing your requirements. Maintaining insure happens to be a necessity we choose to encourage among our customers.
As you still own your vehicle, getting into an accident will still harm you as if you never did apply for a loan. The price value of your car would drop should you not fix your vehicle’s damage. Legitimate lenders will not allow their client’s insurance to stay uninsured.
According to many states across the Canada, laws require you to keep your documents for the vehicle updated, which includes your insurance papers due to safety and identity concerns. The necessity varies by state.
While financial agencies’ policies varies from state to state, we do ensure that our client’s security is guaranteed and the value of the vehicle’s documentation you entrust with retains its quality. Should you find lenders who seem lenient in their standings when it comes to this important issue, we suggest you research deeper about their ethics and legitimacy.
What should i do?
We suggest you dig in deeper about our services that we offer to help you achieve your dreams. Your safety is of utmost priority to us, so we insist your vehicle’s insurance and registration documents are updated.Should you find any of our personnel or our competitors waiving off these requirements, we suggest you think again and report it to the company superiors.