Aspaco

Aspaco is a pawnbroker located in Pretoria that specialises in pawn loans and accepts vehicles of all shapes and sizes.

If you own a fully paid-up car and need cash in a hurry, they offer competitive interest rates, minimal paperwork, and flexible terms.

Benefits of Aspaco’s pawn your car loan

At its core, pawning your car is a form of secured loan. Usually, that would mean getting in touch with your bank and submitting to their rigorous processes. However, the rules are more relaxed for pawn brokers, which means you get the cash you need faster and with much less hassle.

Aspaco offers you a loan based on the value of your car, truck, or boat and waves the credit check. They’re an NCR-registered credit provider and work within the rules set for pawnbrokers. So, while there are a few caveats, you still have recourse if your property is damaged or lost.

Skip the affordability check and get straight to payout

Under the National Credit Act, pawnbrokers aren’t required to assess affordability. The benefit to you is that loan approval is almost guaranteed, and the process is sped up significantly. On the other hand, the pawnbroker can’t be held liable for extending a loan you may not be able to afford.

You need to be 100% sure you can afford the repayments before you sign the agreement.

Unlike traditional loans, late or non-payment won’t reflect on your credit record. But if you fail to repay it, Aspaco will have the right to sell your vehicle to recoup its losses.  

Get an obligation-free quote for pawn or sale

Aspaco accepts a variety of vehicles, including but not limited to passenger bakkies, cars, and light commercial trucks. To get a free quote, you can contact Aspaco by phone, email, or using the WhatsApp link on their site.

If pawning your car doesn’t appeal to you, they also buy and sell second-hand vehicles. Get a market-related estimate sight unseen by giving them the details of the trailer, SUV, or caravan you’d like to sell.

Your vehicle is an asset, and you can gain access to all the benefits of a secured loan by making use of it.

Whether you’re looking to upgrade your household appliances or renovate your bathroom, you can access a loan by pawning your car quickly and safely with Aspaco.

Borrow up to R50,000 and choose your terms

Once you’ve reached out to Aspaco, they’ll evaluate your vehicle and offer you a loan based on its value. They offer adjustable payment terms starting at 30 days. When choosing a repayment period, you may need to keep the interest rate in mind.

Secured loans have many benefits, the most notable is that they come with lower interest rates.

Because lenders are risking less when they have your asset in hand, they can afford to be more lenient. However, the longer your loan term is, the more you’ll pay in interest over time.

Professional evaluations get you the best deals

With over five years of experience in the automotive industry, Aspaco has refined the process of determining the value of previously loved vehicles. Best of all, they’ll give you an offer over the phone or via email once you’ve given them a few details about the car.

The factors they’ll take into consideration are the make and model, age, and mileage on the clock. The service history, trade-in value, and general condition will also play a significant role in what they offer you.

Your vehicle stays in a secure location until the loan is paid off

The moment you sign the deal and hand over your keys, Aspaco becomes responsible for keeping it safe.

The agreement you enter into must have an end date, and if you’ve paid your loan in full by then, they’ll return your car in the same condition you left it in.

If you run into trouble and find yourself unable to make your next payment, you can contact Aspaco and ask them to extend your loan term. Often this option will only be available if you’ve been making regular payments and have built up a positive credit relationship.