FAQ
Is your loan service private?
All loans are completely private and discreet, and by appointment only. We don’t share information with credit bureaux or any other third parties.
Will anyone drive my car while it’s in your posession?
No. For the full loan duration, your car will be kept in a secure, access-controlled storage facility. Nobody else will drive it or tamper with it in any way.
Can I pawn a car if if I don’t have the original V5 Logbook?
We need to see the V5 Logbook and your ID before we can help. Any vehicle must be registered in your name and fully paid up before it can be used to secure a loan.
Can I settle a loan early? Are there any early payment penalties?
You can settle a loan from Crown Auto Pawn early and we don’t charge any early settlement penalties. Interest is stopped when the repayment reflects in our bank account.
How much can you loan against a vehicle?
It depends on the vehicle’s age, condition, service history, mileage, and trade value.
What is your interest rate?
Interest rates range between 36% and 68.9% APR.
I still owe the bank money on my car. Can I pawn it?
No. Before you can pawn a car, the vehicle must be fully paid up. Up to that point, it’s not fully your property and the bank still has a financial interest in it.
Can I use a car I don't legally own as collateral for a loan?
No. We offer loans only to registered vehicle owners. The legal owner needs to sign all documentation and nominate the account where the funds are to be paid (which doesn’t have to be the owner’s bank account).
How long does the whole process take?
If you have all the documentation, less than an hour.
How long can I pawn my vehicle for?
We offer a 6 month loan.
Can I pawn my car?
Yes. You can pawn a car or other vehicle to secure a loan, provided you are the registered owner of the vehicle and it’s fully paid up.
What does it mean to pawn a car?
Pawning a car involves using it as collateral to secure a loan. The loan amount that’s offered will be based on the assessed resale value of the car. During the loan period, the car is handed over to the loan provider for safekeeping, as security for a loan.
Where can I pawn my car and still drive it?
We strongly advise against “pawn and drive” schemes. At worst, they involve scams. At best, they put those who take loans at high risk of losing their vehicles.
Where can I pawn my car for cash?
Crown Auto Pawn offers quick, discreet cash loans against cars at our offices in London. Our processes are fast, transparent and discreet.
How do you pawn a car?
Contact us on 03333 458 507 or simply complete our online application form. Tell us the make, model and year of the car, and any other relevant information and we’ll make an initial loan offer.
If you choose to proceed, we’ll arrange to appraise the car, make a final offer and complete relevant paperwork at one of our branches. The funds will then be transferred to your bank account straight away.
Can I pawn a financed car?
No. We offer loans only against fully paid up cars.
Call us for more information on 0333 344 8507
APR & Loan Repayment Period
Average representative APR 68.3% and 6 months loan.
Renewals
If you wish to renew the loan at the end of the loan period, if we agree and pay you off the interest you can renew the contract immediately.
Collection
All payments are made via EFT or at the end of the loan period.
Representative APR 68.3%
REPRESENTATIVE EXAMPLE
AMOUNT OF CREDIT
DURATION OF AGREEMENT
RATE OF INTEREST
TOTAL AMOUNT REPAYABLE
AMOUNT OF CREDIT
£10,000
DURATION OF AGREEMENT
6 months
RATE OF INTEREST
60% (Fixed) P.A.
TOTAL AMOUNT REPAYABLE
£13,000 (In one instalment)


