How to Pawn Your Car in Heathfield
Unexpected bills or expenses have a tendency to crop up at the worst possible times. If you need access to funds, there are options though. One of these is to use a paid-off car, truck, motorcycle or even boat to secure a loan.
Why pawn your car in Heathfield?
Did you know you can access the monetary value of your car by using it as collateral for an asset-based loan? Pawning your car is a simpler and quicker alternative than getting a traditional bank loan.
These are some of the benefits of an asset-based loan:
- the loan process is simple and completely transparent
- payment of funds is fast; usually within 24 hours
- the loan doesn’t affect your credit score
- you can get a loan if you’re unemployed, self-employed or under debt review
- your car is returned to you as soon as the loan and interest are repaid
- there are no hidden costs or penalties
- your ownership of the vehicle is not affected
- our interest rates comply with guidelines set by the National Credit Regulator.
How does it work?
Asset-based loans are based on the value of a paid-off asset, in this case, a car or other vehicle. They’re often preferred because the process is simple and low-risk.
Step 1
The first step is to contact us with the details of your vehicle. Based on this information, we’ll offer you a provisional loan amount.
Step 2
You can then bring the vehicle into the branch in person, so it can be appraised. The appraisal will allow us to confirm the loan amount. Once you accept the amount on offer, as well as the associated terms and conditions, the agreement can be finalised.
Step 3
You’ll need to supply the branch with your ID, proof of residence and the vehicle’s original registration papers. Once you sign the agreement, we take your vehicle and store it securely for the duration of the loan term. The funds are then transferred directly into your bank account. This usually occurs before you’ve even left the office.
Step 4
Once the loan and interest have been paid back in full, your vehicle is returned to you in the same condition you left it and without your ownership of the vehicle being affected in any way.
Short-term loans in Heathfield from Pawn My Car
Pawn My Car is a registered finance provider that specialises in providing asset-based loans against the value of vehicles.
Our newest branch is conveniently located on the Main Road in Heathfield. It’s easily accessible from Bergvliet, Retreat and Diep River, too.
For more information about how to pawn your car in Heathfield or nearby suburbs, contact us on 086 172 9648 or simply complete and submit our online application form.
