There are two other options to borrow against your car: Auto refinance is an option if you still owe money on your car but have substantial equity. Refinancing replaces your original loan with a new loan at a higher amount. You keep the extra cash. (Youre likely to qualify for a refinance if your credit has improved or interest rates have dropped. ) Auto title loans, which personal loan anz indonesia have annual percentage rates as high as 300, dont require a credit check and carry a higher risk of having your vehicle repossessed.
NerdWallet does not recommend auto title loans.
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