car equity loan 2

https://acornmetric.com/s/bZtAfrqW7CAm19ioL6GXM

If you own your car outright, a car equity loan lets you borrow against its current market value, similar to a home equity loan. The lender puts a lien on your vehicle title, and you get cash for things like debt consolidation or home repairs. You keep driving the car while making monthly payments, but missing them could mean repossession. It's a faster option than a personal loan, but the interest rates are higher than a secured home loan.