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Road trip your way with an installment loan

Road trip your way with an installment loan

JamesHarris by JamesHarris
April 23, 2023
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The warm weather often brings up a desire for travel, and road trips are a fun, inexpensive way to experience areas of Canada you might never have seen before. Whether you’re looking for a quick weekend getaway or a long trip that takes you into new provinces or territories, you must ensure you have the finances to pay for your trip. 

Here are the ways installment loans help you fund your road trip.

Table of Contents

  • Allow you to be spontaneous 
  • Pay for the necessities
  • Cover you in case of a vehicle breakdown
  • Bottom line

Allow you to be spontaneous 

One of the exciting things about nice weather is getting in your car and driving where the road takes you. And the great thing about road trips is that they can be completely spontaneous. Even better, on a road trip, you have the flexibility to travel relatively inexpensively. 

You just need to ensure you have money to cover the basic costs–and enough good music to keep you entertained for the drive. 

Pay for the necessities

Of course, you still need some money to pay for that food, shelter, and gas, each of which can be pricey. If you haven’t booked your hotel room ahead of time, you could wind up paying a premium rate for lodging. Meals quickly add up, even if you’re eating on a budget.  

Installment loans give you quick access to cash between $500 and $15,000. You decide whatever you need to get out on the open road and satisfy that travel craving. 

Cover you in case of a vehicle breakdown

It’s unfortunate, but it happens. Your car breaks down in a town you don’t know well, and you need expensive repairs. You may also need a place to stay for a few nights while your car is in the shop. Without the money to pay for your repairs, you could be stuck for a while, and mechanics typically expect you to pay the full amount of the repair before you get your vehicle back.  

If you don’t have enough in your savings to cover this cost, an installment loan in Canada could be the solution. 

You can apply for an installment loan online and have the money deposited into your account almost immediately, no matter where you are in the country. Your repairs are paid for with no stress, and you set your repayment term–so you aren’t stuck with a payment you can’t afford. 

Bottom line

If you need to get out of town, installment loans give you fast access to funding so that you can take yourself away. Make sure you shop around for the best interest rates and don’t borrow more than you can afford to pay back–or more than you realistically need for your trip. 

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