There are many services offered by pledging companies and Pledge a Car on Finance [รับจำนำรถยนต์ติดไฟแนนซ์, which is the term in Thai]. In this service, a financed car, be pledged and the owner can get instant money. This is very helpful for those people who have car but it is financed. Now with this service those people can also get benefit from it. Many times, people have faced this issue of not getting a car pledge just because it is financed. Because many pledge companies that the car is still financed and if that person is doing car pledging then how will that person will pay the money.
But that is not correct there are situation occurred when someone has to take such kinds of steps. And with the help of such service, those people now can get benefit from it. And pledge their cars at higher rate.
The interest rate will be low
The interest rate of many vehicle pledging companies is low. Because they understand that the people who are pledging their vehicles are doing for some reason. And understand the pain of people who put the vehicle on the pledge. That is why the interest rate is always low on pledging companies. The interest rate hovers around 1.25 to 1.50% per month. That makes up to 15 to 16% in a year. That is very good so, that people don’t need to worry about paying a heavy amount of interest.
Leave borrowing money from friends and family
When vehicle pledging service is there then there is no need to borrow money from others even it is from family. Pledge the vehicle and get the money. And after some time return the money and get back the vehicle. That’s all a person needs to do.