If you need cash to see you through a tough spot or to help your business with a short-term cash flow problem, pawning your motorcycle could be the solution.
How to pawn your motorcycle
To get a loan against your motorcycle, simply contact us and tell us the make, model, year and mileage of the vehicle. The motorcycle’s value will determine the value of the loan we offer.
If you choose to proceed, we’ll arrange a meeting, where we’ll ask to see the original motorcycle registration documents, which must be in your name; your ID book; and proof of address. We’ll inspect the motorcycle and, if all is in order, finalise an agreement.
Then we’ll transfer the funds to you straight away.
Note that there can’t be any debt outstanding on the motorcycle for it to qualify as collateral for a loan.
Advantages of pawning your motorcycle
Getting a secured loan against a motorcycle or another paid-up vehicle in your name has a number of potential advantages over other types of loans.
Fast access to cash
Traditional types of loans can take weeks to secure. If you pawn your motorcycle to obtain a loan from us, you could have the funds you need in your account on the same day you apply.
No credit checks or invasive questioning
Pawning your motorcycle is an example of securing an asset-based loan. Because the motorcycle serves as collateral for the loan, we have no interest in your credit record, financial history or other financial information.
With Pawn My Car, the process of getting a loan against your motorcycle is completely confidential. We don’t supply credit bureaus, financial institutions or anyone else with information about the transaction, which is purely between you and us.
You don’t have to sell
Sell an asset like a motorcycle in a hurry could mean losing out financially because of a rushed sale – and once your trusted bike is gone, you might regret your decision. An advantage of pawning your motorcycle with us is that once you’ve repaid the loan amount with agreed interest, the motorcycle will be returned to you, in the same condition you left it.