Get a loan with your car title -What do I need to get a car title loan?

There will still be few. Well, those who are going this year can make a great success with the purchase of a new car. Firstly, you get extra financial discounts at the motor show. In addition, the interest rates on car loans have never been this low. If you are looking for a cheap car loan, don’t wait any longer!

What do I need to get a car title loan?

Those who now compare car title loans will find that the interest rates on car title loans at are historically low. 

The rates vary from 0.85% to 1.30% for new or used cars under 3 years old. Good Finance and Good Lender are the front runners with an interest rate of 0.85%. Attention, the interest of Good Finance has not yet been officially announced and will only be officially announced next week. The interest rates would remain guaranteed until the end of April 2019. It is possible that Good Finance will decide to offer the interest even lower, as it has done in previous motor show promotions.

Again, these are historical numbers. Good Finance charges an annual cost percentage of 0.89% and was already adjusted to less than 1% in 2016.

Also cheap car loan for those who think ecologically

If you are ecologically minded, then this is convenient as some banks apply favorable interest rates when purchasing an energy-efficient car. At BNP Fortis Paribas you pay 0.90% interest on an ecocredit if you choose:

  1. a hybrid car
  2. a car with limited CO2 emissions

For diesel emissions, CO2 emissions are capped at 115 g CO2 per km. For gasoline, this is 130 g CO2 per km. This interest will only be guaranteed until the end of January 2019.

Argenta, on the other hand, comes on the market with an interest rate of 1.25%, which is also quite low. The condition is that you buy a new car or a car that is less than 2 years old.

Belgians borrow more for a car

The figures show that a Belgian pays around € 17700 for a new car purchase, while a few years ago it was around € 15300. This does not necessarily mean that people buy nicer and more expensive cars with extra options, but that the selling prices of cars have risen sharply.