Pawn a Car & Still Drive it?
Unfortunately Not!
When you pawn a car—or any item—it must legally remain in the care of the pawnbroker until the loan is fully repaid. This is a requirement under the laws governing pawnbrokers, ensuring the collateral remains secure. At Loan On Car, while we cannot let you drive your car during the loan period, we guarantee it will be safely stored and well cared for until the loan is settled.
Convenience v Inconvenience
We understand that most of us rely on our cars for daily life, and we recognise that leaving your car with us during your pawn loan might be inconvenient. However, pawning your car remains one of the fastest and simplest ways to secure a cash loan without unnecessary delays.
The most important thing is that you get the cash you need right away and have your car returned to you as soon as you repay your loan.
We Offer Cash Loans on Cars | $2,000 to $50,000 💰
We Pawn Most Makes and Models of Cars
To find out how we can help you get the cash you need today, simply click one of the buttons below. You can choose to learn more about the types of cars we pawn and the straightforward process involved, or go directly to our Quote Form page to submit a free, no-obligation application. Once submitted, you’ll typically receive a quote within 30 minutes.
If you prefer to Call Us or submit pictures of your car via SMS please see our contact details immediately below the buttons.
FAQs
Frequently Asked Questions
Q1: How We Store Your Car While It’s Pawned?
When you pawn your car with us, it’s important to understand that the vehicle must remain in our possession for the duration of the loan. This is a legal requirement under the Personal Property Securities Act (PPSA) and ensures the loan is properly secured.
We store all vehicles in a locked, secure facility with 24/7 surveillance and restricted access. Your car is protected from the elements and unauthorised use while in our care. Please note: while your vehicle is being used as collateral, you cannot drive it or retain access to it until the loan is fully repaid. This ensures both compliance with the law and the protection of your valuable asset.
Q1: What’s the main legal difference between pawning a car and getting a loan from a payday lender?
The key difference lies in the type of security offered. Payday lenders and finance companies allow you to keep driving your car because they place a lien on your vehicle, which gives them legal claim to it if you fail to repay. Pawnbrokers, on the other hand, must take possession of the car as collateral to secure the loan. This hands-on requirement is a fundamental aspect of pawnbroking laws, designed to safeguard both the borrower and the lender.
Additionally, finance companies and payday lenders often require detailed personal information, such as your credit rating, employment status, and even the purpose of the loan. They may also charge application fees as part of the process. In contrast, a pawn shop doesn’t need to know any of these details—making it much easier and faster to get a loan by pawning your car. However, the trade-off is that you cannot pawn a car and still drive it during the loan period.
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🕵🏽 No Credit Checks
✔️ No Establishment Fees
👌 No Repayments First 3 Mths
⏳ 1 to 90 Day Loans
Got More Questions About Loans On Cars?
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