Do not sell your truck if you need cash to tie your business over a difficult time. Instead, pawn it and use the money to ensure a healthy cash-flow. If you have an extra truck or bakkie registered in your name or your business name and have the original registration papers as proof of ownership, you can get cash in your bank account immediately after approval.
How does the process work?
You complete the online enquiry form to have a consultant call you. Have the following documents ready to speed up the process:
- Your ID or South African passport
- Original vehicle registration papers
- Valid South African driver’s licence
If the vehicle is registered in your business name, have the following ready:
- Identity documents of all the directors/close corporation members.
- Business registration papers.
- Original vehicle registration papers.
- Valid South African driver’s licence.
If you have all the above available, we will assess the vehicle based on the year, make and model, mileage and relevant factors, and will offer you an amount from R5000 to R250 000 based on how much you want to borrow and the assessed trade value of the vehicle. You can visit one of our six branches to complete the process and the vehicle is placed in safe storage. The amount is paid to your account immediately after approval. The initial application process can be completed in 30 minutes.
We respect your privacy
You do not have to disclose the reason why you pawn your truck. You can use the money to pay back debt, expand business operations, use as bridge funding while you wait for payments from clients, or for any other reason you deem fit.
What about your credit standing?
It is a pawn transaction with the vehicle as the collateral. Therefore, your credit standing does not matter. We do not ask proof of income or perform background checks. The vehicle, however, must be fully paid off to serve as collateral.
More about safe storage
It is against the law to pawn a vehicle and drive it. We are a registered credit provider and adhere to the legal requirements. The vehicle is not used for the entire period and we insure it. You can also insure it while it is in storage. The storage facility is secure with 24/7 access control, electric perimeter fencing, and camera surveillance.
Paying back the amount
This is a short term loan that can be extended as long as you keep paying your interest and fees every month. Once you have paid off the amount, the vehicle is returned to you. If you want to pay off the loan before the end of the agreed period, you can do so without having to pay penalties.
Final thought
Do not sell your truck if you can pawn it to get cash for business operations. Apply now with the online enquiry form and we will call you.
