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BlogBlogThe Advantages Of Car Ownership

The Advantages Of Car Ownership

Driving My CarBuying a car is a big deal and, for many, is the first major purchase that they make in their lives. There are many advantages to owning your very own car. You can begin with the means of transportation. Without a vehicle, you are dependent upon others or you walk, ride a bike, or use public transportation. A personal vehicle gives you some independence and freedom to travel wherever it is you need to go.

Car ownership is also usually necessary if you are going to maintain a job. Unless you live and work in a big city with public transportation, you would have to rely on someone else for rides to work or once again use a bike or walk. Owning your own vehicle allows you to travel to and from your place of employment without hassles.

There is an element of prestige involved in owning a car too. It’s like owning a home. You are showing that you have a sense of responsibility, a sense of financial security. If you do not own a car, you may be viewed as a failure. Sometimes, even the type of car that you purchase can affect the level of prestige that surrounds your car ownership. Buying an electric vehicle, for example, shows that you are environmentally conscious.

There is an element of safety with owning a car. If you were the person walking or riding a bike to work or school, you would be a little safer in a car. Those who walk or ride a bike are in danger of being struck by those who are driving. Traveling in a car is also much nicer when battling the elements such as rain and snow. If you leave work or school at late hours, there is the threat of being robbed while walking alone. Yes, it is true that one can be involved in a car accident or even be carjacked, but the odds are much less than traveling on foot or bike.

Another unique benefit of owning a car is that, should you ever need to, you could use it to help you out of a financial jam. If you needed a quick source of emergency cash, you could use your vehicle for a car title loan. For example, Embassy Loans in Florida could loan you money to pay a month’s rent or cover an unexpected medical bill and secure the loan using your car or truck. The process is quick and you get your money in an hour. Being able to do so is another benefit of car ownership.



Embassy Loans is a leading provider of auto title loans since 2005

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Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

Monthly Interest Rates range from 1.5% to 2.5% (18% to 30% APR), with 15-18 Month Terms.

No Prepayment Penalties!

Embassy Loans uses “Title Loans” for advertisement purposes only and provides auto equity loans. Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

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Frequently Asked Questions

What is an Auto Equity Loan?

An auto equity loan, sometimes known as a car title loan or a car equity loan, is a type of loan that allows you to borrow money by using your vehicle as collateral. The loan is secured by your vehicle, meaning you agree to use the equity in your car to back the loan. 

What is an Unsecured Personal Loan

An unsecured personal loan is a loan that does not require collateral. Funds are provided based on your credit worthiness and your ability to repay. 

What Is the Credit Builder Program

The credit builder program is designed to help individuals establish or improve their credit score with the primary purpose of building a positive credit history through regular payments.

Can i have more than one Loan at a time?

Embassy Loans can only extend one loan at a time and it’s advisable to start with one and focus on making payments in a timely manner to prevent default.

What happens if I miss a payment?

Missing a payment can have negative consequences, including late fees, a drop in your credit score, and potential default on the loan. Consistent, on-time payments are crucial to benefit from the program.