How To Pawn Your Car in Port Elizabeth
Selling a vehicle you own isn’t the only way to unlock its value. You can also pawn your car to access immediate cash in the form of a loan – and once you’ve repaid the loan, the vehicle will be returned to you.
If you’re considering pawning your car in Port Elizabeth, it’s important to do your research and use only a reputable loan provider.
Keeping your car in good condition in Port Elizabeth
For any type of car to be considered an asset, it has to be kept in the best possible condition. Because Port Elizabeth is a coastal city, keeping your car in good condition requires a little more work.
Salt air, blowing sand and direct sun can increase the risk of corrosion. Sand can also get into the undercarriage if you drive over piles of sand or on the beach. Here are a few ways to minimise the risk of damage to your car if you live in a coastal city:
- Always park undercover or indoors where possible
- Wash your car regularly, especially if you go to the beach often
- If you visit the beach, avoid getting salt water or sun cream on the car seats
- Give your car a thorough wax and polish on a regular basis
- Avoid driving over piles of sand or on the beach
Securing a loan with your car
Usually it’s only vintage cars or sometimes luxury cars that are considered assets. However, there is a way to unlock the value of any type of car, as long as it’s in good condition.
You can use your paid off car to secure an asset-based loan. Because the loan is based on the value of your vehicle, there is no need for lengthy application processes. Loans can be finalised in as little as 24 hours.
What you need to know about asset-based loans
If you’re not familiar with pawning a vehicle, here are some of the benefits of this type of loan:
- The loan process is simpler, quicker and completely transparent
- Payment of funds is very fast; often with same-day payment
- The loan won’t affect your credit score
- You can still 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
- The loan won’t affect your ownership of your car
Where to pawn your car in Port Elizabeth
Pawn My Car is a well-established, reputable loan provider, with branches across South Africa. Our offices in Port Elizabeth are conveniently located on Buffelsfontein Road. The branch is open from 9:00 to 17:00, Monday to Friday.
We offer short-term, asset-based loans for vehicles, including cars, bakkies, trucks and even boats, and our interest rates comply with the National Credit Act.
For more information about pawning your car in Port Elizabeth, contact us on 0861 112 866 or simply complete and submit our online application form.
