Chris Dominguez
Cars are phenomenal investments. Aside from the obvious benefits that you are getting from the convenience they provide, the money that you get to save from not booking a ride, the time that you don’t spend waiting for your booked ride or while in-line for public transport, there’s also the unconventional yet very quite gainful perk of the car being a good back-up plan in case of an emergency and you are need of quick funding.
And quick, it really is. With decent marketing a car can easily get sold within one week. With decent friends who have more than decent bank accounts, it may even only take a day or two. However, unless your main objective in selling your old car is because you no longer need it and/or you are aiming to upgrade to a new one, selling your car for a quick cash is not really the best course of action.
If you are looking for extra cash for starting up or expanding a business, or just for personal use, then what you should be thinking of right this moment is Sangla ORCR, and here’s why:
Sangla ORCR and It’s Perks in Essence
As the name suggests, Sangla ORCR is a loan program where you are basically pawning your Car registration in exchange of being able to borrow money from a bank or private loan company. The loan amount is determined mostly by the car’s current fair market value, usually up to 70-90%. If you would like to have an idea of your car’s value, just grab your insurance policy and look at the listed coverage for Own Damage (OD) / Theft. 70-90% of that may be the amount that you will be approved with should you apply for Sangla ORCR. “May”, because a lot of the loan providers still take into consideration your monthly income and, in extension, your capacity to pay. After all, the goal is for the money they loaned you to get settled and not to take the vehicle.
» Overall Cheaper than Buying a New Car
As mentioned, if your objective is not to upgrade, don’t sell your car for cash. With Sangla ORCR, you will get the funding that you need without having to buy a new one in the future. Selling your car now to buy a new one would be double whammy. You would lose equity from having to sell the car for, presumably, lower value than it should be in order to sell it quickly and then you will lose money again for the cost and the charges of buying a new car which would be more expensive unless you downgrade or you opt to buy a secondhand. This is assuming that you will be saving and won’t be taking up a car loan, in which case you would, again, lose money for the interest that you would have to pay.
You can easily avoid all of this if you just hold on to your car in the first place and then you will only have to pay for the interest for availing a Sangla ORCR program. This brings to the next benefit;
» Your Car Stays With You
Aside from you getting the cash you need, your daily routine also stays practically the same. You can go to work using your car, you can go on a road trip (although the pandemic may be a bit of a nuisance), you can shop and take your grocery home with no extra hassle of wondering what your means of transport will be.
Also, since you are paying for your loan, you can even use the car to pay for itself. You can have it rented, you can take your friends along with you on the way to work in exchange for fees, you can even go all the way and have your unit applied at a Transport Network Vehicle Service (TNVS) company.
» Bad Credit? No Biggie
Worried about your bad credit record? Don’t be. Sangla ORCR is a secured loan which means loan providers would not care much about your history of payment. As a matter of fact, applying for a secured loan and being able to settle it without hitches can even help in fixing your bad record. Just make sure you pay on schedule this time and that you are actually going to pay though, as they sure wouldn’t be very pleased to know you added yet another strike to your record, secured loan or not.
» Process is Just As Fast as Selling Your Car
One of the most prominent providers of Sangla ORCR, Global Dominion Financing Services, processes their application for this program within 3 working days. Within a short span of time, you can have your car registration exchanged into cash. 3 working days, of course is the time-frame after you have completed all the requirements, which are very minimal:
– Proof of Identity (Valid ID’s)
– Proof of Income (COE, Payslips, Bank Statements, etc.)
– Proof of Billing
– ORCR
That’s it. Things that you can find and take a hold of right now in under 10 minutes. You may be required to submit supporting documents like a Barangay Certificate and such but those are special cases. In addition, except for the ORCR, you won’t even have to provide the actual copy of the requirements. Just some clear pictures of them will do.
The undemanding requirements coupled with the swift processing will ensure that you will get approved in time. It is just as fast as if you are to sell your car to a company or a friend and certainly faster than just posting your car for sale on social media platforms.
So Don’t Go Selling Just Yet
The usual recourse whenever we need the cash is to sell stuff. Understandably so. After all, what could be faster and more efficient than selling your prized items for a quick dough? Well, it turns out, Sangla ORCR could be. It turns out, your car which has been with you through thick and thin, or the car which you have only just managed to get to know for a while, do not really have to be separated from you.