Loans Against Cars in Florida, Gauteng

Loans Against Cars in Florida, Gauteng

Loans Against Cars in Florida

Using a car to secure a loan is one of the quickest and safest ways of raising funds.

Here’s what you need to know about borrowing money against a fully paid-up vehicle in Florida, north of Johannesburg.

How to get a loan against a car in Florida

The first step is to contact the Pawn My Car branch in Florida and tell us about your car – the make, model, age and condition. Our points of contact are email, telephone and an online application form.

Based on the information provided, we make a provisional offer of a loan. You bring the car to us for a vehicle assessment and we lend you a percentage of the appraised market value – there and then.

The car is securely stored and insured for the duration of the term. Once the funds are repaid, you reclaim the vehicle.

Who is eligible for a vehicle-backed loan?

Loans against cars are a type of secured loan. As a result, anybody who owns a debt-free car, truck, bakkie, van or motorbike is essentially pre-approved for funding from Pawn My Car.

We don’t conduct income assessments or examine credit scores or financial track records. The only prerequisite is the vehicle must be registered in the name of the applicant.

How much can you borrow against a car in Florida?

At Pawn My Car, our loans are calculated as a percentage of the fair resale value of the car. The actual amount depends upon several factors, such as the vehicle’s age, condition, maintenance record and mileage.

Why are loans against cars low risk?

If, for whatever reason, you’re unable to pay back the loan, the only asset at risk is the car, which is sold to cover the losses.

We don’t hand you over for collection, pursue the matter in court or report the default to the credit agencies. When you borrow money using your car as collateral in Florida, your income and possessions are secure.

Where to get a loan against a car in Florida

The Pawn My Car Florida branch is centrally located and easily accessible from the N1 Western Bypass.

You can call Pawn My Car Florida on 010 880 2416 or visit us at Highway Court, corner Ontdekkers and Gordon Roads, Florida North.

Key features of car equity loans in Florida by Pawn My Car

These are some of the advantages of a loan against your car:

  • no credit checks or income assessments
  • 24-hour turnaround time
  • flexible repayment terms
  • no early settlement penalties
  • competitive interest rates
  • reputable and accredited financial services company.

With Pawn My Car in Florida, Gauteng, you can use a 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.

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)