If you’re in need of funds, but don’t want to sell your car, a loan against existing car can provide you with a quick and easy solution. By using your car as collateral, you can get a loan at a lower interest rate compared to unsecured loans. This type of loan is ideal for those who have an urgent need for cash and are unable to get a loan from traditional sources due to a poor credit score. With a loan against existing car, you can unlock the value of your car and get the funds you need while still retaining ownership of your vehicle.