How to “Pawn My Car”: A Quick and Easy Guide

Make sure your vehicle meets the requirements:
To pawn your vehicle, it must meet the following criteria:

  • It can be a vehicle of any sort (car, motorcycle, boat, truck, trailer, TLB, crane, boat, jet ski, or any other vehicle type).
  • The vehicle must be fully paid off, with no outstanding loan or finance.
  • The vehicle must have been in your name for at least 6 months.
  • You need to possess the green vehicle ownership paper.
  • Proof of residence and valid ID documents are required.
  1. Contact Us:
    Get in touch with us, give us a call at 076 789 7220. Inquire about our vehicle pawning services and let us know if you’re interested in pawning your vehicle for cash.

  2. Prepare necessary documents:
    Gather all the required documents, including your vehicle’s ownership paper, proof of residence, and valid identification. Ensure everything is up to date and readily available.

  3. Make an appointment:
    We’ll come to you, or you can come to our offices. We will inspect your vehicle’s condition and assess its value based on various factors such as make, model, mileage, and overall condition.

  4. Negotiating the loan amount:
    We will offer you a loan amount based on the appraised value of your vehicle. Negotiation of the terms and conditions, including the interest rate and repayment period, to ensure you’re comfortable with the agreement.

  5. Complete the paperwork:
    Once you’re satisfied with the loan offer, complete the necessary paperwork. This will include signing a loan agreement and providing any additional information required by us.

  6. Receive cash or eft payment:
    You’ll receive the agreed-upon loan amount in cash or through an electronic funds transfer (eft). Choose the option that suits you best.

  7. Repay the loan:
    Make regular payments according to the agreed-upon schedule. Ensure you fully understand the repayment terms, including any interest or fees involved.

  8. Retrieve your vehicle:
    Once you’ve paid off the loan in full, you can retrieve your vehicle from the pawn shop. It will be returned to you in the same condition as when you initially pawned it.

Remember, if you’re looking to sell your vehicle outright, we also offer immediate cash payments for vehicles. Feel free to explore this option if selling is your preferred choice.

At LMB, we strive to offer the best rates in the industry and build long-term relationships with our clients. Our secure storage facilities ensure the safety of your vehicle throughout the pawning process. Contact us today and get the cash you need while keeping your valuable vehicle within reach.

Pawn My Car