Loan Against a Mercedes-Benz C-Class
Pawn My Car offers competitive loans against fully owned Mercedes-Benz C-Class vehicles and other Mercedes models.
Why the Mercedes C-Class is so popular in South Africa
With the perfect combination of comfort, style and German engineering, the Mercedes-Benz C-Class is one of the top five most popular pre-owned cars in South Africa.
Such is the demand for the luxury vehicle, the new generation C-Class is manufactured at Mercedes-Benz’s East London facility.
When pawning a Mercedes C-Class makes sense
Pawning a Mercedes C-Class leverages the value embedded in the car without having to sell your prized vehicle.
It’s a quick, easy and discreet way to raise the funds required to pay for life’s emergencies – medical expenses, household repairs, relocation costs or unexpected family events.
As ownership of the car is retained, a well-maintained Mercedes-Benz can act as recurring collateral to secure future loans, if and when the need arises.
The pawn process is completely confidential. It provides access to capital without compromising credit metrics, financial history or the ability to apply for unsecured personal or business loans.
Using a Mercedes to back a short-term loan makes good sense, provided there’s sufficient income to cover the monthly repayments.
How and where to get a loan against a Mercedes
Pawn My Car specialises in providing cash loans backed by fully owned vehicles – within 24 hours.
Online loan applications are supported by expert vehicle appraisals and confidential loan agreements, both of which are conducted at our network of Pawn My Car branches. Vehicle-backed loans are processed at Pawn My Car branches in:
How a loan against a Mercedes-Benz C-Class works with Pawn My Car
Securing a vehicle-backed loan from Pawn My Car involves four easy steps.
- The make, model, condition and mileage of the Mercedes-Benz C-Class are submitted online or over the phone. Based on that information, an indicative loan offer is immediately relayed to the owner.
- An appointment is scheduled for an independent vehicle appraisal at the nearest Pawn My Car branch. A firm offer is made and an agreement is signed.
- The car is handed over as security for the loan, along with the required documents. The funds are transferred into the applicant’s account.
- Once the loan is paid back in full, the Mercedes-Benz C-Class is released from secure storage and returned to its owner.
Pawn My Car
With Pawn My Car, as well as a loan against a Mercedes-Benz C-Class, you can use any car, bakkie, truck or boat that’s in your name to secure a loan quickly and easily, with no delays or laborious paperwork.
For more information, contact us on 0861 112 866 or simply complete and submit our online application form.
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.
Renewals
All accounts may be renewed if they are up to date.
Collection
All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.
Non-payment
Non-payments may result in the matters being escalated.
Illustrative example
Client borrows R10,000 for 90 days.
Loan
Amount
Repayment Period
Monthly Repayment
Total Cost of Loan
Initiation
Fee
Monthly Fee
(Interest + Service Charge)
APR
Loan Amount
R10,000
Repayment Period
3 months
Monthly Repayment
R560
Total Cost of Loan
R12,370
Initiation Fee
R1,000
Monthly Fee (Interest + Service Charge)
R650
APR
60%