Loan Against a BMW 3 Series

loan against a BMW 3 Series

Pawn My Car offers competitive loans against fully owned BMW 3 Series and other BMW vehicles.

About the BMW 3 series and its popularity in South Africa

From the second generation “gusheshes” and trademark triple-threes, to the iconic Mzansi Edition, the BMW 3 Series has a special place in South Africa’s heart.

Over four decades, more than a million units have rolled off the production lines at BMW’s Rosslyn factory.

In recent years, the BMW 3 Series has remained as popular as ever. In the first half of 2021, local sales of the 3 Series shot up by 49.1 percent, year-on-year. Currently, the 3 Series is BMW’s second biggest seller, after the BMW X3.

What’s involved in pawning a BMW 3 series

Pawning a BMW 3 Series involves offering the vehicle as collateral for a short-term loan.

This makes it possible to unlock the value of the vehicle, without having to sell it.

In this type of transaction, a finance company uses a percentage of the Bimmer’s appraised resale value as a benchmark, to determine the loan amount to offer.

A short-term loan agreement is drawn up and signed. The BMW is held by the financier in a secure lock-up facility.

Once the capital and agreed interest is paid back, the vehicle is returned to the owner.

When getting a loan against a vehicle does (and doesn’t) make sense

As for almost any type of loan, a loan against a BMW makes sense if:

  • you know you’ll be able to repay the loan
  • the vehicle is fully paid up and in your name
  • you need fast, confidential access to funding.

A vehicle-backed loan is a quick, discrete and low-risk financing option.

Because the loan is secured by the vehicle, the approval process is fast, simple and unimpaired by red tape.

There’s no need for credit scores, proof of employment or detailed financial enquiries. And funds can be paid within as little as 24 hours.

Confidentiality is a key element in the popularity of asset-based loans. No records are shared with credit bureaus or any other third party. Accordingly, this type of loan has no impact on your credit rating.

Typically, the only asset at risk in the event of a loan default is the vehicle itself.

Why consider Pawn My Car?

  • NCA aligned interest rates
  • Flexible repayment terms
  • Physical branches in major South African cities
  • Operating since 2013
  • An accredited finance provider

How and where to get a loan against a BMW 3 Series

Getting a vehicle-backed loan from Pawn My Car is as easy as telling us about the make, model, mileage and general condition of the BMW 3 Series.

We’ll immediately make an indicative loan offer, based on the vehicle’s resale value.

If you’d like to proceed, we’ll arrange for an appraisal of the vehicle at one of our branches. We’ll then make a formal loan offer. Once paperwork is completed, we take the Ford for storage in a secure facility and make an EFT transfer of the funds to your account, typically within 24 hours.

Once the loan terms have been met, your BMW is returned to you, in its original condition.

Our branches: contact details

Pawn My Car is a registered finance provider with branches in key South African cities. Our consultants are available during office hours to set up vehicle appraisal appointments and process loans against cars quickly and efficiently.

Where to get a loan against a BWM in Cape Town

Pawn My Car Cape Town: 021 419 1113

Where to get a loan against a BMW in Johannesburg

Pawn My Car Sandton: 011 440 0052
Pawn My Car Florida: 010 880 2416

Where to get a loan against a BMW in Durban

Pawn My Car Durban: 031 305 7202

Where to get a loan against a BMW in Port Elizabeth

Pawn My Car Port Elizabeth: 041 368 9590


With Pawn My Car, you can secure a loan against a BMW 3 Series or another BMW vehicle, with no delays or laborious paperwork. For more information, contact us on 0861 112 866 or simply complete and submit our online application form.

Complete an application now

APR & Loan period

Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months. Apart from the initiation and monthly fees shown below, the only additional fee is credit life insurance if the borrower does not have this already.


All accounts may be renewed if they are up to date.


All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.


Non-payments may result in the matters being escalated.

Illustrative example

Client borrows R10,000 for 90 days.

Repayment Period
Monthly Repayment
Total Cost of Loan
Monthly Fee
(Interest + Service Charge)
Loan Amount


Repayment Period

3 months

Monthly Repayment


Total Cost of Loan


Initiation Fee


Monthly Fee (Interest + Service Charge)