DriveAwaySA

Most people do not realize how easy it is to use the value of an asset to unlock cash.

DriveAwaySA developed a safe way for their clients to pawn a car and still drive it. Clients can now conveniently apply from the comfort of their homes on their online platform. The online application is user-friendly and only requires basic personal information and vehicle details.

Improve your cash flow

Upon applying, clients have to decide what car they want to use to borrow money. DriveAway SA will then purchase the vehicle for a cash flow contribution amount. Clients can drive away with their vehicle by paying a manageable monthly lease fee which means they are, in a sense renting the car. They can repurchase the vehicle for the same cash flow contribution price they sold it for as soon as they are ready.

Pawn your vehicle in 5 simple steps

All you need to apply at DriveAway SA is a laptop or computer, vehicle information, and basic information about yourself.

• Complete an obligation-free application form online. Some of the required information includes your name, contact details, vehicle make, model, mileage, year, and VIN.
• After applying, clients receive a cash-flow contribution offer. No credit checks are required as this is not a loan application.
• If the offer looks good, clients can now submit their documents for verification, whereafter DriveAway will set up a vehicle assessment and roadworthy test.
• After the approval of the document and both assessments, it’s time to sign the agreement. As soon as the papers are signed, clients receive their cash-flow contribution payout.
• Clients drive away with their vehicle, and as soon as they are ready in the future, they can buy the car for the same cash-flow contribution amount they received.

Clients receive a minimum and maximum cash flow contribution offer based on their vehicle's current market value.

They choose an option that fits their cash flow needs, and after the vehicle inspection and roadworthy test,  they receive a final cash flow offer. DriveAway asks their clients for an orientation fee of only R5,750, which is deducted from the cash flow contribution amount.

DriveAway SA lease terms are for a maximum of 12 consecutive months. The agreement is month-month which means that clients can choose when the lease ends. At the end of each month, they can decide to either lease the car for another month or purchase the vehicle back.

Transparency is key

When clients decide to repurchase the car, they pay back the same cash flow amount they initially received- no interest charged. DriveAway SA asks for an R2000 administration fee to that amount, but they will indicate the total price on the contract with complete transparency.

Pawning a vehicle

DriveAway SA provides a unique service that allows clients to unlock the value of their assets. Anyone who has a fully paid-off asset in their name can use its value to borrow money. Upon applying, clients receive an offer to purchase the car, and if they accept, they essentially hand over the title of the vehicle as collateral.

What makes their service different from a loan is that the client can still drive the vehicle after selling the title as collateral. They are essentially renting the car for a manageable monthly fee until they are ready to repurchase it for the same amount they sold it for, with no added interest charged. Because it's not a loan, no credit checks are required, and no interest gets charged.