I need cash... i got a car... titlepawn?
(2011-12-16 15:30:19) 1. Says: thinking about pawning my title to get the money needed to pay some debt but i need good and bad reviews please be blunt and dont hold back list all pros and cons thanks2. Says: Its the absolute WORST legal way to borrow money with the possible exception of a payday loan.Lots & lots of cars end up getting repoed over small amount of money because the fees just keep adding up.
They are usually only going to give you 40-60% of wholesale. That way, with the interest & late fees & repo fees, they can get all their money back when repoing it.
Why not just sell it to a car dealer for twice as much ? or a private party for 3 times as much ?3. Says: Sounds like bad idea. if you had to you could live in your car.. but if you sign it over all is lost. You sound desperate. you dont need a loan on your car, you need income.
You know when you are pawning your car ( that is what you are doing ) you are acting like a loser or drug addict. keep your car and find some other income income. get a crappy job and move on.4. Says: can you afford to pay off the loan? go to a bank, ask to use your car as collateral and get a loan. don't go to some pawn shop on the corner of town that will want payment in full in a short amount of time or they keep your ride.5. Says: unless you have something fairly new and paid for, you won't get a loan, and, if you do, the interest rate will be terrible, don't do it... Tag: I need cash... i got a car... titlepawn?