Your quad isn’t just for trail rides, work around the property, or weekend fun — it can also be a valuable financial asset. If you’re thinking about using your Quad as collateral, it helps to know exactly what lenders are looking for before you apply.
The good news is you don’t need a perfect quad or a perfect credit score. Lenders mainly want clear information, realistic value, and confidence that the loan makes sense for both sides. Here’s what typically matters most.
Why Use Your Quad as Collateral?
Using a quad as collateral means you’re backing your loan with something you already own. Instead of relying only on credit history, the lender looks at the value of your quad to help secure the loan.
Because the loan is tied to a real, physical asset, approvals are often quicker and more flexible than unsecured loans. As long as you keep up with payments, you continue to own and use your quad just like usual.
Understanding Your Quad’s Current Market Value
One of the first things lenders look at is the general condition of your quad. This doesn’t mean it has to be showroom-perfect — but it should be functional and reasonably well maintained.
Lenders will typically consider:
- How well the quad runs
- Visible wear and tear
- Any mechanical issues
- Overall appearance
- Mileage and demand
A quad that’s in good working order usually holds more value and may qualify you for a higher loan amount.
Choose a Trusted Alberta Lender
Having this information ready helps set realistic expectations for how much you might qualify for with a collateral loan using your quad, and it can significantly speed up the underwriting process. When you apply with Mr.GOODLoans, providing accurate sled details upfront allows our team to assess value more efficiently, reduce back-and-forth, and move your application toward approval faster.
Ownership and Paperwork
Clean ownership matters. Lenders will want to confirm that the quad is legally yours and free of major liens or outstanding loans. Having your paperwork ready can make a big difference.
Be prepared to provide:
- Proof of ownership
- VIN or serial number
- Registration or bill of sale (if applicable)
The more organized your documents are, the smoother and faster the process tends to be.
Manage Your Repayments Responsibly
Even though your quad is collateral, lenders still want to know that you can realistically manage the payments. You may be asked about your income, employment status, or general financial situation.
This isn’t about perfection — it’s about making sure the loan fits your budget and doesn’t put unnecessary pressure on you down the road.
Use Your Quad to Get the Cash You Need, Fast
If you need quick access and would like to use your quad as collateral for a loan, Mr. GOODLoans in Edmonton can help.
Our simple and straightforward car title loan process makes it easy to get the funds you need quickly, with competitive rates and flexible terms. Apply for a loan with us and enjoy a fast, secure application process that can get you approved quickly and easily!
