Pawn and Drive
Pawn and drive offers you a unique way to get the cash you need while still giving you the freedom to keep and drive your car. This is how pawn and drive Cape Town works:
First, we assess the value of your car and make you an offer. If we come to an agreement, we take ownership of your car until you repay the loan. You do, however, maintain the right to use the car during the rental period.
You will then be required to return the borrowed amount through agreed upon monthly rental payments. This gives you the opportunity to pay off the loan gradually while still having access to your car and transportation.
You have a choice when it comes to the loan period. You have the option to repurchase the vehicle for a predetermined fee, allowing you to reclaim complete ownership of your vehicle.
Pawn and Drive changes the way you get cash by offering you a practical solution that allows you to pawn your vehicle without giving up on its use.
Pawn and Drive Cape Town
Capital101 provides comprehensive insurance coverage for all vehicles to ensure your piece of mind. In addition, each vehicle is outfitted with GPS monitoring devices for enhanced protection, and a service plan to keep your vehicle in top shape.
So, if you need quick access to funding, pawn and drive could be the solution you’ve been looking for. You can pawn your car and still drive it, all while benefiting from Capital101’s extensive insurance coverage, GPS tracking, and service plan.
With Capital 101 , You Can Pawn and Drive Your Vehicle in 30 min Flat!
- By obtaining an upfront cash amount while driving the same vehicle, pawn and drive allows you to borrow money against your vehicle.
- It's easy to get your car appraised at our offices and have the money deposited right into your bank account with no complicated application process.
- The loan period can be customised based on your unique needs. At the end of the loan period, the loan period can be extended if needed.
- In order to cater for the unique needs of each client, we determine the loan amount and monthly re-payment amount based on the vehicle value and the risk associated with the loan.
Are you considering selling your car while still driving it?
- Your original vehicle registration documents will serve as security for the loan, and no credit checks are required. Bank statements and payslips are not required.
- Defaulting on the loan agreement will transfer ownership of the vehicle to the lender.
- The loan agreement specifies a monthly interest and capital re-payment schedule.
- In addition to settling client obligations with financial institutions, we assist them with settling loans with banks such as Wesbank, ABSA, MFC, Standard Bank, and others.
If you are considering selling your car while still driving it, consider the following points.
- Your original vehicle registration documents will serve as security for the loan, and no credit checks are required. Bank statements and payslips are not required.
- Defaulting on the loan agreement will transfer ownership of the vehicle to the lender.
- The loan agreement specifies a monthly interest and capital re-payment schedule.
- In addition to settling client obligations with financial institutions, we assist them with settling loans with banks such as Wesbank, ABSA, MFC, Standard Bank, and others.