profitable than a regular bank loan
Nowadays, a new type of lending is increasingly popular: funds secured by TCP. This method helps to get credit funds rather quickly and without any problems, and the car of the borrower becomes a guarantee. The lender providing this service offers money for the security of the car, while he will also have to inspect the car and only after that you can sign the contract.
You will need to show the car passport, certificate of registration, your document confirming your identity. In addition, you will need to provide a driver’s license, you may be asked to show insurance on the car. You can use the car in the same way as you did before, you will not be given any restrictions. But you can’t sell it until the loan is disbursed. Typically, money for a TCP vehicle can be obtained for 2 years, but the terms are different. Continue reading