15 Sep How can I Pawn my Car in Johannesburg?
You may need an instant cash loan for studies, monthly bills, hospital expenses or a holiday and be wondering how to afford any of it. Many then ask, how can I pawn my car for cash? While others ask how can I pawn my car in Johannesburg?
We look at some simple steps to take so that you can pawn your car in Johannesburg.
Perhaps you’re asking the following questions, how can I find the right place to pawn my car? Or how can I pawn my car if it’s not paid off? Or maybe even how do I pawn my car but still get to and from work? We answer all of these questions below:
1. How can I find the right place to pawn my car in Johannesburg?
It is quite important to find a place to pawn your car close to where you live or work so that you can easily have your car valuated and also get it back quickly once you’ve paid off the loan amount. If you live and work in Johannesburg it makes sense to find a pawn broker that has offices in Johannesburg so that you can take your car directly to them. There are pawn brokers in many Johannesburg areas such as City Deep, Selby, Alberton and Germiston. The best is to look online for a pawn broker that is closest to you. Another factor to look at however is the interest rate that the pawn broker charges as well as the terms and conditions of your repayment. There are many excellent pawn brokers in and around Johannesburg so it’s wise to do your research before pawning your car. Read more about this in I want to pawn my car, where do I go?
2. How can I pawn my car before it’s paid off?
Contrary to popular belief, your car doesn’t need to be fully paid off if you want to pawn it. The pawn broker will value your car at the amount that has been paid off and give you a loan based on that amount. For example if you bought your car for R220,000 and have paid off R90,000, the pawn broker will value your loan based on the R90,000 not the R220,000. There are certain pawn brokers in Johannesburg that offer this service however not all of them do. So if you have a car that is not fully paid off yet, it’s important to find the right pawnbroker in Johannesburg that can offer you a loan based on the amount you’ve paid off.
3. How do I pawn my car and still drive?
A question that many ask before making the decision to pawn their car is how do I pawn my car and still get from A to B on a daily basis? There are pawn brokers who offer cars for rental while you pay off your loan. There are also Pawn Brokers such as Good Fellows Pawn Brokers in Johannesburg who loan you a car of theirs for free to drive if you pawn your car with them. This allows you to pawn your car and drive at the same time which is a great option for many.
4. How can I pawn my car and get it back?
If you decide that you want to pawn your car you will more than likely want to get it back. It is therefore important to only use reputable pawn brokers that have experience in the industry such as Good Fellows Pawn Brokers in Johannesburg. This way you know that your car will still be there at the end of the loan repayment.
The above are all questions that many will ask when they are looking to pawn their car. It’s a good idea to get in touch with a well known pawn broker in order to pawn your car in Johannesburg.
Good Fellows Pawn Brokers are one of South Africa’s leading cash loan companies. With starting interest rates from a ridiculously low 0.7% per day and many years’ experience in helping you get your asset back, Good Fellows Pawn Brokers offers instant cash loans on all assets such as cars, bikes and vehicles. Speak to a friendly consultant at Good Fellows Pawn Brokers today to pawn your car.