It makes sense to already have a plan how to redeem the vehicle even before you request a loan, because in the long term, a car title loan may not be the most economic financing option and you could probably sell the vehicle at better conditions in the market. Maybe you are expecting to receive additional funds soon (due insurance payments, inheritance, sale of property etc.)?
Of course it’s always an option to repay the credit by budgeting and saving money. You can find valuable tools for budget planning on the internet, for example at Budget Advice Switzerland.
You are in no way obligated to tell us about your plans. The above remarks are solely for information purposes.
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