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Pawn My Car

Pawn your car for up to 50% of its value at a low-interest rate starting from 5% and a flexible repayment term – take the cash and still drive it, no credit checks required.

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Pawn car for cash & still drive it

When traditional loan types fail to serve your financial needs, turn to pawn car loans. Not only will your loan be approved almost instantly but you also secure a larger loan amount because you secure the loan with collateral. Use your car, boat, caravan, or off-road vehicles to get a loan from one of our trusted lenders.

When you pawn your car, you can still drive it – this is the perfect financial solution when you need cash fast but still need to get around. With one easy loan application, your car can unlock the cash you need today.

Frequently Asked Questions

Pawn My Car: An Alternative Loan Solution

The chances are you have applied for one or another loan type before. But what if you have bad credit? Or if you are looking for an alternative financing option? Whatever the reason may be; applying for a standard loan type might just not be your ideal solution.

Luckily, there are other financing options available with easy approval even if you are blacklisted.

Have you considered pawning your car title? Taking a loan against your car is a quick, easy, and hassle-free loan option. What’s more, you don’t require a perfect credit score. You are also not left without wheels as you still get to keep your car.

Can I Pawn my car and still drive it?

Yes, you can! In fact, it makes perfect sense to do so if you need fast financing. Your car is an asset you have and acts as collateral for the loan. That means you get loan approval faster and possibly a larger loan amount too.

The first question most consumers have is:

But, can I still drive the car?

The answer to this depends on the car pawning lender you choose. Some lenders require only the title/papers of the car whereas other lenders prefer to take possession of the vehicle for the duration of the loan term.

The option you choose will depend on your specific requirements. If you don’t have another set of wheels available - search for a lender that offers you the option to still drive your vehicle while you repay the loan amount.

How does pawning my car work?

Pawning your car is a simple way to secure a loan. However, you need to be in full ownership of the vehicle before you can secure a loan against your car. There are a number of reputable lenders where you can pawn and drive in South Africa.

Generally, the requirements are standard with most lenders who grant loans against vehicles but the full terms and conditions of your loan agreement are at the discretion of the particular lender.

Do I qualify to Pawn my car?

Pawning or selling your vehicle to obtain a loan is a little different from traditional loan types with regards to the loan requirements. Nonetheless, it is probably the easiest way to secure a loan, usually to about 50% of the value of your vehicle.

To qualify for a loan by pawning your vehicle, you need to adhere to the following requirements:

  • You need to be a resident of ZA with a valid identification document and/or any other supporting documentation required by the lender.
  • You must be in full-ownership of the vehicle.
  • You need details such as the make, model and mileage on your car.
  • You may need a full service history document of the vehicle. This may not be required but in some cases can allow you access to larger loan amounts.
  • You need the official papers of the vehicle.
  • You need to agree and comply with the terms and conditions of the lender.

Secured Loans – against your assets

Lenders offer loans against a variety of assets. These include but are not limited to assets such as vehicles, boats, jewelry and other luxury items. As you are entrusting these lenders with your most valuable possessions, you want to ensure you are dealing with a licensed and reputable lender.

This is what you need to look out for when choosing a lender for financing against your vehicle:

  • Is it an established lender?

    Finding a well-established loan provider against your assets is the most important step to take to ensure you and your valuable assets are well-protected.
  • All loan providers should be NCR compliant

    The National Credit Regulator protects consumers. If a loan provider is not NCR compliant, you should definitely not entrust them with your vehicle.
  • Does the lender accept all vehicle types?

    Does the lender only offer car pawn services? Some lenders accept other assets such as boats, caravans, or trucks as collateral for the loan. If you wish to pawn a different type of vehicle, speak to the loan provider to establish whether they accept different vehicle types as collateral.
  • What is the physical address of the loan provider?

    Although it might be perfectly acceptable for a small online loan provider not to have a physical address, the same can not be said for a loan provider dealing in pawning cars for loans. Verify the physical address of the loan provider you are considering.
  • Are you getting a fair interest rate?

    Car pawn loans usually do have a higher interest rate compared to traditional loan types. However, this does not mean that car pawn lenders can charge ridiculously high interest rates. Ensure that you receive, at the very least, a market-related interest rate.
  • Can you settle your loan earlier?

    Some car loan providers may charge penalties if you wish to settle your loan sooner. Avoid falling victim to this by familiarising yourself with the full terms and conditions of your loan agreement.
  • Beware of hidden fees

    You need to know exactly what you are paying for. Verify whether there are any hidden fees, which might not be transparent in the loan agreement.

How do I apply to pawn my car?

The easiest solution is to browse through our panel of trusted lenders. Most lenders offer easy online loans, however, some might require a visit to their premises. Especially, if the loan option includes the vehicle to go into storage for the duration of the loan.

A loan against your car includes:

1. Apply online for a loan against your vehicle

Apply online and submit all the required documents. A company representative will contact you as soon as you have submitted your online loan application.

2. Evaluate your asset

You will be notified where you need to have your vehicle evaluated before your loan is approved and paid over to you.

3. Loan agreement finalised

As soon as your vehicle has been evaluated, the lender will negotiate the terms and conditions of your loan. This includes the loan amount and loan repayment terms. Should you agree to the loan agreement, the paperwork will be finalised immediately.

4. Verification and fund release

At this point, the lender will verify ownership of the vehicle. The agreed-upon loan amount will then be transferred to your specified bank account.

List of direct lenders offering Car Pawn

  1. Cash Quick Auto Car Pawn

    Cash Quick Auto

    • Apply in 5 minutes
    • Speedy approvals
    • Get the best prices
  2. Lamna Car Pawn


    • Renewal of updated accounts
    • Term up to 24 months
    • Interest from 36%
  3. DriveAwaySA Car Pawn


    • No obligation
    • Term up to 12 months
    • No interest
  4. The Loan Company Car Pawn

    The Loan Compan...

    • Loans up to R500,000
    • Term up to 90 days
    • Interest from 36%
  5. Pawncars4cash Car Pawn


    • Loans up to R2,000,000
    • Customer promotions
    • Same day cash payout
  6. Cash Drive Car Pawn

    Cash Drive

    • Online loan application
    • Transparent agreements
    • Cash flow assistance
  7. Aspaco Car Pawn


    • Safe Vehicle Storage
    • Free Online Quote
    • Term up to 30 days