Cape Town

Pawn your vehicle in Cape Town with Pawn My Car.

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Branch details

Pawn My Car Cape Town
Office 201E, 2nd Fl
Soho on Strand
128 Strand St
De Waterkant
Cape Town 8001

Mon – Fri: 8:30am – 5:00pm

How to pawn your car

  • Your car must be fully paid.
  • The owner of the car must apply for the loan and sign the agreements.
  • Submit information online or call us. We will schedule an appointment.
  • Bring a copy of your ID and proof of residence.
  • Provide the original vehicle registration certificate.
  • If the vehicle is in the name a company, we can still assist. Contact us for what is required.
  • Bring the documents and the vehicle for final evaluation.
  • Read, complete, and if happy, sign the loan agreement.
  • Car is stored in a secure and fully insured facility.
  • A transfer is made to you electronically.
  • Pay the monthly charge as per the agreement.
  • Pay the capital back as per the agreement.
  • Once money reflects in our account, collect your car and related documents.

Our services

Pawn your car
Pawn your boat
Pawn your motorcycle
Pawn your truck

Why choose Pawn My Car?

  • Pawn My Car has been in operation since 2013. We have assisted many clients to use their paid-up vehicles as collateral against a loan.
  • Once a transaction is concluded, funds are paid into your account and immediately cleared, available for use before leaving the office.
  • When your car is with us, it is securely parked and stored, and fully insured.
  • We have branches nationwide in Johannesburg, Cape Town, Durban & Port Elizabeth.

More about Pawn My Car Cape Town

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Illustrative example: a client borrows R10,000 for 90 days.

Loan amount

Repayment period

Monthly interest

Total cost of loan

Initiation fee

Monthly fee

APR

R10,000

3 months

R500

R2,914.50

R1,207.50

R569

60%

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.

Non-payment

Non-payments may result in the matters being escalated.

Collection

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