How to get a loan against your car
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Prepare at home
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Have your documents
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Sign docs - funds are paid
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Settle loan & get car back
Maximise your loan value
- Have your service record handy
- Ensure the tyres are in good shape
- Ensure your spare tyre and jack is with the vehicle
- Ensure you have your spare key
- Ensure your MOT and Tax is up to date.
How to pawn your car
Prepare At Home
- Your car must be fully paid
- The owner of the car must apply for the loan and sign the agreements
- Submit information on-line or phone our call centre.
Have Your Documents
- Copy of your ID and proof of residence
- Current V5 Logbook of the vehicle
- If the vehicle is in the name a company, we can still assist – contact us for what is required.
Come To Our Office
- Bring the documents and the vehicle for final evaluation
- Read, complete and if happy, sign the loan agreement
- Car is stored in a secure and fully insured facility
- A transfer is made to you electronically.
Get Your Car Back
- Pay the loan back at the end of the 6 month agreement
- Once money reflects in our account, collect your car and related documents.
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)