Luxury cars are high-end assets that can appreciate in value over time. When a vintage, antique, classic or luxury car is expertly restored and maintained, it can generate income without being sold.

Here’s how you can get loans against luxury cars in South Africa almost instantly.

Unlocking the value of a luxury vehicle

Investing in a luxury vehicle has two key benefits. It can:

• preserve and grow capital
• unlock emergency funding on request.

When the vehicle acts as security for a loan, it releases a percentage of the embedded value. The funds emanating from the transaction can be used at the owner’s discretion.

Using a luxury car as collateral for a loan is a quick, easy and financially astute way of raising cash in the short-term.

Why consider Pawn My Car?

Pawn My Car is an established NCR-regulated finance provider with conveniently located branches in major South African cities.

Expert valuations

We rely on a team of luxury car appraisers to provide accurate valuations based on the make, model, age and condition of each vehicle. We use these market-related valuations to determine individual loan amounts.

Confidential loan applications

At Pawn My Car, we understand the importance of client confidentiality. We have created a user-friendly online loan application platform and a consultant-based call-in service via landline and WhatsApp.

Competitive interest rates

Our asset-based loan processing service is straightforward and transparent. The interest charged on the borrowed money is competitive. There are no hidden fees or early-settlement penalties.

Transparent terms

When you take a loan against a luxury car with Pawn My Car, the terms are clearly outlined in a legally binding agreement.

When a loan against a luxury car might suit your needs

Asset-based loans are quick, easy and discrete. There’s no need for an affordability assessment or a credit check. We don’t require a slew of documents to support the application.

Provided you have the means to service the loan, as per the agreed terms, borrowing money against a luxury car is a low-risk funding option.

We don’t report defaults to credit companies and we don’t pursue the legal route. When a client can’t meet his or her contractual obligations, the car is sold to recoup the losses.

How the loan process works

Requesting a loan against a luxury car entails submitting the details of the car telephonically or via our online platform. Based on that information, we make an indicative offer of how much we’re prepared to lend you.

If you wish to proceed, we set up an appointment at the Pawn My Car branch nearest you. The vehicle is physically examined by our appraisal team and, if you choose to proceed, a loan agreement is drawn up. The funds are then transferred to your account.

For the duration of the loan agreement, Pawn My Car will store your vehicle in a highly secure, access-controlled facility. Once the loan and agreed interest have been repaid, the vehicle is returned to you in its original condition.

How much we lend

Pawn My Car has processed loans ranging from R10,000 up to R10 million. The amounts we offer as loans depend solely on the appraised resale value of the vehicles our clients offer as security.

Pawn My Car

With Pawn My Car, as well as loans against luxury cars in South Africa, we offer loans against cars, bakkies, trucks or boats – 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