Loans are both a boon and a bane depending on how you avail them and the purpose for which you are going to use them. In this regard, there is a new type of loan called – Title Loans which have attracted lot of attention and interest amongst borrowers over the past few years.

Title loans are those where you can avail thousands of dollars within a short period of time and the only criterion which needs to be met is that you need to have the vehicle ownership in your name.

Title loans are of different type which includes – Auto title loans, Semi-truck title loans, commercial truck title loans and box truck title loan.

Box truck title loans are fast gaining popularity as these vehicles are mostly driven for a commercial purpose and are in huge demand within the transportation industry. Box trucks are used by many of the government organizations as well including the military. Hence, these vehicles are easily accepted by lenders because their value is quite high. One can avail more than 50 to 60% of the total value of the box truck as loan.

Let us understand few salient features of a box truck title loan:

  1. Box truck title loans are processed within 24 hours and the money can be used for any purpose.
  2. These loans require only an application form with your personal details and a vehicle ownership guarantee without any existing liens.
  3. These loans are given irrespective of a good or bad credit rating.

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