For everything you need to know about vehicle pawn loans view Pawn a Cars Frequently Asked Questions (FAQs) regarding Vehicle Pawn Loans.
We have qualified us as a leading Sydney vehicle pawnbroking business. Operating from our North Parramatta location, we provide a relatively simple way of raising money fast when needed. Should you own a car, motorcycle, boat or truck? Then you have the ability to borrow money against your assets value.
Our Frequently Asked Questions (FAQs) may help you understand our business. We are a business you can trust; our service is unrivalled in the industry because we believe in building a relationship with you first.
Loans advanced against the value of a vehicle which is pledged as loan security and retained by Pawn a Car until the debt is repaid.
Pawn loans are available against all vehicle types including cars, motorcycles, trucks and also watercraft and jet skis.
Loans are processed in minutes and funds provided immediately.
There is no requirement to be employed when pawning a vehicle and borrowing money.
We prefer the asset to have nil finance, however we suggest contacting Pawn a Car to discuss the circumstances.
In most cases, this is not a problem we can generally work around this.
We require one form of photo identification plus vehicle ownership documents.
As per NSW law, initial contracts are set at three-Months. However, borrowers ultimately decide the length of term. It is like renting money, you only pay for the period you have borrowed the money. Importantly, borrowers may redeem their asset any time during that period.
Interest if any is charged based on the amount borrowed. Terms are set at the time of the agreement and interest negotiated and fixed.
Loan repayment is not necessary until the vehicle is redeemed. However you may repay periodically if you wish to reduce your final repayment.
You must pay a loan extension, this will give you extra time without having to re-pay any of the principal borrowed.
This will result in the vehicle being sold, the balance if any refunded to the borrower.