How to Pawn Your Car in Cape Town

How to Pawn Your Car in Cape Town

how to pawn car cape town loans short term asset based

Whether it’s to pay your bills or to cover unexpected business or medical expenses, pawning your car is an easy way to get cash fast. It’s also an option even if, along with millions of other South Africans, you currently have a less than perfect credit rating.

Pawn My Car Cape Town is part of the reputable Pawn My Car franchise, which also operates branches in Sandton, Durban, Bloemfontein, Port Elizabeth.

Our Cape Town offices are conveniently located on the Foreshore, in the Cape Town CBD.

The easy short-term loan solution for Capetonians

If you own a car that is paid for in full, you can use it as security to get a short-term, asset-based cash loan.

This involves using your car as collateral for a loan, so there’s no need for the lengthy delays and paperwork typically associated with traditional bank loans.

After you pawn your car in Cape Town, the vehicle will be stored at a secure facility. Nobody else will drive it or have access to it.

Once you’ve repaid the loan and agreed interest, the car will be returned to you, in the same condition you left it.

The process is completely confidential, and won’t have any impact on your credit rating.

Supporting documentation

All you need to provide to conclude a loan agreement is your identity document, proof of residence and the original registration certificate of your car.

If you’re borrowing against a company vehicle, you’ll also need to provide the CIPRO documents, company resolutions and a copy of the proxy’s ID document.

Why choose Pawn My Car Cape Town?

We make it easy to pawn your car in Cape Town, with no delays and no excessive paperwork. Our process is simple, transparent and discrete. There are no hidden fees, and you can expect same-day payment into your bank account.

For more information about getting a loan for a car in Cape Town, contact us on 086 172 9648 or simply complete and submit our online application form.

Complete an application now