How to Pawn Your Car in Bloemfontein
Do you need cash in a hurry? If so, a quick and easy solution is to pawn your car.
Practically in no time at all, you’ll be able to appease the creditors nipping at your heels, or pay the school fees, or ensure your son or daughter has proper emergency medical care.
How it works
How do you pawn your car? It’s simply a matter of:
- having your fully paid vehicle assessed and safely stored on your behalf
- providing the required documents
- waiting for a few hours for the cash to be deposited into your account.
Once you’ve paid the funds back in the allotted time and at the negotiated interest rate, your vehicle will be returned to you, in the same condition you left it. Nobody else will drive the vehicle.
Tips to choosing an asset-based loans provider
As with all service providers in South Africa, there are good short-term loans providers, and there are dodgy lenders who will take you for a proverbial ride.
If you want to pawn your car in Bloemfontein, or anywhere else in South Africa, we recommend you familiarise yourself with key features that characterise a sound and trustworthy asset-based finance company.
Business reputation
As your vehicle will be held in safekeeping as security for the loan, the credibility of the finance company is vital. You want to deal with a legitimate and properly regulated business entity that has a physical presence, ideally in more than one city.
A credit provider that’s registered with the National Credit Regulator (NCR) and has walk-in branches across the country is likely to be trustworthy, and is a much safer bet than a provider with only a web presence or a single branch.
Transparency
A reputable financier will negotiate the terms of the loan on a case-by-case basis, and be prepared to put the agreement in writing. You won’t be surprised with hidden fees.
There’ll also be complete flexibility around extending the terms of the loan and no fees for early settlement. Interest rates will be decided between the parties beforehand, and fixed for the duration of the contract. In short, the loan agreement will be transparent and completely above board.
NCR-regulated interest rates
Desperate times call for desperate measures, and many debt-burdened South Africans are forced to borrow money at exorbitant interest rates.
If you don’t want to be saddled with an unrealistic and punitive loan repayment package, be sure to pawn your car at a loans provider that offers interest rates in line with the National Credit Act (NCA). Specifically, check that the loan provider is registered with the National Credit Regulator (NCR).
Confidentiality
Privacy and discretion is important, especially when it comes to your personal finances. A good financier will ensure complete confidentiality.
They’ll carry out the vehicle assessment in-house, and deposit funds directly into your bank account without requesting bank statements or character references. As a vehicle-based loan is a secured loan, it won’t impact on your credit score.
Quick and convenient access to funds
Drive in, sign on the dotted line and enjoy the myriad benefits of a bank account top-up in a matter of hours. That’s basically deal when it comes to the Pawn My Car financing scheme. It’s easy, convenient and unlocks access to emergency funds in a flash.
Why choose Pawn My Car Bloemfontein?
- Pawn My Car is a division of lamna, which is an NCR-registered financial service provider (registration number NCRCP7428).
- Pawn My Car has a national footprint, with conveniently located branches in Bloemfontein, Cape Town, Johannesburg, Durban and Port Elizabeth.
- Loan terms are negotiated, there are no hidden fees and interest rates are fixed for the full term and according to a signed contract.
- Interest rates comply with the terms of the NCR.
- Early settlement is accepted with no additional fees.
- Vehicle assessments are done in-house
- You can apply for a loan online.
- Quick access to funds is guaranteed.
Call 080 012 7393 or pop in at Pawn My Car Bloemfontein today and use your motor vehicle to unlock instant access to cash.
