Motorcycle Title Loans – Are They Different From Auto Title Loans?
When it comes to Motorcycle title Loans, just as with an automobile, you must use your vehicle as collateral for the loan. And again, just as with a car, if you are unable to pay your loan and miss a payment or more, you could lose your motorcycle to repossession. As you may have realized, title loans are given on a multitude of types of vehicles, one of which is motorcycles, but they’re also given on trailers that haul heavy equipment, cars, trucks, motorcycles, and even RVs. When it comes to motorcycles, however, the loan amount is typically less than a car, so on one hand, you won’t get as much cash out of your motorcycle as you would your car, but on the other hand, you have a higher likelihood of paying it back because your loan amount, and consequently your payments would be lower. With a motorcycle AZ title loan, you get an extremely short-term loan that’s expected to be repaid sometimes in as little as 14 days, so make sure you’re not borrowing against your motorcycle except in
