Pawning you car sound very scary indeed, a daunting endeavor with pawn brokers giving pawn shops bad reputation. There are, however, very professional, reliable and honest pawn brokers around that will not only help you to pawn your car quickly but help you to get it back as well. Let’s look at the five reasons why you should pawn your car.
Wy Pawn Your Car
- Instant cash:
By pawning your car, you will be able to receive cash instantly and use this money towards the urgent matter. Understand that a pawnbroker will give you the value of your car that they believe is suitable and may not be able to give you the full value of your car.
Bad credit? No problem: Most pawnbrokers can loan you the money you need based on the value of your car. That’s why unlike other financial institutions there is no need for a credit check. Should you not be able to repay the loan, they will sell your asset to make back the money.
- No lengthy paperwork:
It is very easy to pawn your car. In most cases, all you need is proof of your address and you ID Plus, your car’s or asset’s papers, providing that the car belongs to you. Some pawnbrokers provide loans against financed vehicles.
- Your credit record remains unaffected:
When you pawn your car with a reputable pawn shop, the loan is not registered with the credit bureau. So, should you have a need to extend the loan or you can’t pay it back, the pawnbroker will sell your vehicle, and thus, your credit score remains untouched
- The risk is on the pawnbroker:
When you approach a pawnbroker and he/she over values your car, they will lose money when they sell so you are in fact selling your car completely risk-free.
Just remember this, it’s always better to rather save up money than to take out loans. Don’t live from a paycheck to a paycheck, save a little money every month so that you have the money you need in case of emergencies.
Contact us today for a free valuation and get cash instantly.