Car Title Loans
Vehicle titles are also used for car title loans, where a lender will loan the car's owner money in return for keeping the car title until the debt is paid off. Car title loans are marked by high interest rates, a short time to repay the loan, and the loan amount is usually less than the car's monetary worth. Also the borrower risks losing the car to the lender if the loan is not paid back. These type of loans are marketed as small emergency loans.
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Famous quotes containing the words car, title and/or loans:
“A car can massage organs which no masseur can reach. It is the one remedy for the disorders of the great sympathetic nervous system.”
—Jean Cocteau (1889–1963)
“That title of respect
Which the proud soul ne’er pays but to the proud.”
—William Shakespeare (1564–1616)
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—John Kenneth Galbraith (b. 1908)