We are getting another car and are getting a secured loan for $5000. I’m still not sure what the point of a secured loan is. Thanks.
I don’t understand why we don’t just take the $5000 cash that we have and just buy the car. If you have a secured loan, do you have to get full covereage on your vehicle?

Repossession

I need to pay 1500 or lose my car to impound fees and tickets. I don’t have the money but can put my car on the loan because it is fully paid for. My credit is around 500 does anyone know where I can get a loan. I have about 5 days .

Sell and Rent Back

My fiance recently applied for a secured loan using her paid off vehicle as collateral and I cosigned on the loan. She was denied. I have decent credit(no negatives and a car loan that I’ve paid on time for the past 20 months). Should we transfer the title into my name so I can apply for the loan myself.

Rent Back