We Buy It, You Drive It
Put Cash in Your Pocket and DriveAway in Cape Town with DriveAwaySA.
We understand that money is tight and life sometimes throws you a curve ball. The solution just might be parked in your driveway. Get in touch with us and let's see if we can help you.
UNLOCK R40 000 OR MORE IN CASH IN 24-48 HOURS
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Don’t fall victim to any “Pawn my car and still drive it Cape Town” service. Put Cash in Your Pocket and DriveAway in Cape Town.
If you need R40,000 or more and need it fast, then consider DriveAwaySA. DriveAwaySA does not provide a pawn my car and still drive it Cape Town service. We offer clients the means to tap into the embedded value of vehicles they own outright, allowing them to free up cash flow whilst still giving them the opportunity to continue driving their or other vehicles.
Typically, aside from owning a home, the most valuable asset people own in South Africa is their vehicle. Once the finance on a vehicle has been settled, the only means for an owner to access the cash value of their vehicle would be to sell it privately or into the trade. Doing so typically resolves a cash flow issue but, unless the vehicle is sold to facilitate the purchase of another vehicle, it also leaves the former vehicle owner with a transport issue.
Instead of taking out quick & easy loans in Cape Town with no credit checks, why not contact us. DriveAway’s offering of a no car pawn loan Cape Town solution provides vehicle owners with a system that addresses their cash flow requirements, whilst allowing them to continue driving their own or another vehicle.
DriveAwaySA does not provide fast bad credit loans in South Africa. DriveAwaySA acts as an agent for a few companies that buy cars and other vehicles. If you own your car outright (in other words, you cannot owe any money to a bank or anyone else on the vehicle), we arrange for your car to be legally sold to one of these buyers at a market-related price and for the purchase price to be paid over to you.
We have leasing agreements with these buyers in terms of which we lease vehicles from them for our own vehicle renting business. This means that you could then, if you so wish, rent a vehicle from us (at rate similar to, and often times less than, market-related long terms vehicle rental rates) – which could either be your own vehicle that you have just sold, or any of the other vehicles we have available for rental.
"Pawn car and still drive it Cape Town" - Be Aware - Legally Unlock your asset for Cash
f you do choose to rent a vehicle and you think you might want to buy that vehicle at some stage in the future, we can arrange that the buyer offers it for sale to you first, for a limited period of time, at the end of the rental period. If you choose not to buy the vehicle at the end of the rental period, the vehicle can either be rented by us to someone else or can be sold by the buyer to someone else.
Unfortunately, there is a history in South Africa of some pawn brokers and pawn loans Cape Town providers advertising and offering “pawn your car and drive it” type products that are both predatory in nature and that contravene the National Credit Act, making them illegal. These “pawn your car and still drive it in Cape Town” loans focus on attracting people searching online for pawn loans, easy bad credit loans in Cape Town, loans with no credit check, no credit check loans, unsecured cash loan in Cape Town and the like.
Don’t fall victim to any “Pawn my car and still drive it Cape Town” service.
They target individuals who are in need of instant cash loans in South Africa, no credit check with bad credit scores, that are blacklisted and/or have judgments against them, which makes it extremely difficult (if not impossible) for them to access traditional credit products such as personal loans or credit cards. Using their clients’ vehicle as collateral, they will do cash loans with no credit check for their clients for an amount that is more often than not a fraction of the value of their vehicle and they charge exorbitant interest rates and fees against the money advanced to the client. There is little, if any, the chance that their clients can afford the repayment costs and they take full advantage of their clients’ financial predicament.
In contrast, DriveAwaySA is not a pawn my car and still drive it Cape Town service and it does not provide any no credit check loans in Western Cape or any other type of personal bad credit loans in Cape Town. Our product is structured so that we can lawfully and responsibly allow clients to access the funds that they need for whatever reason, by facilitating the sale of the vehicle they own and providing them with an option to rent their former or another vehicle so they can put the money they need in their pocket and DriveAway.
Dont Fall Victim of "Pawn car and still drive it Cape Town", Western Cape
Frequently Asked Questions
So I basically loan money from you using my car as security?
Not at all! The buyer will actually purchase your vehicle, and ownership of the vehicle will be transferred to the buyer. At no stage does the buyer lend you any money. You are also not obliged to rent either your own or any other vehicle from us, and it is entirely your choice if you wish to do so.
What requirements do I have to meet to do this?
Well, in order for the vehicle to be sold to the buyer, you have to own the vehicle and the vehicle must be fully paid off (in other words, you cannot owe any money to a bank or anyone else on the vehicle, as you will not be able to sell it to the buyer if you do). You will obviously need to provide us with the papers for the car, your identity document, your proof of residence, proof of bank account and some other information. Because this is not a loan, there is no affordability assessment that you need to go through, and we also do not do a credit check on you. We will need to assess the vehicle for damage and required repairs.
So what sort of price would I get for my car?
Assuming that the vehicle is in a roadworthy condition, you could expect to get the market value (in other words, the value that your car would sell for on the open market) of your vehicle. The price would be adjusted to: - settle any outstanding fines on the vehicle; and - undertake any repairs which might be necessary to make the vehicle roadworthy. There is also an origination fee of R2,500 which is payable by you to the buyer up front, and this is usually just deducted off the purchase price.
Yes, but then what amount could I expect to pay to rent my vehicle back from you?
Our rentals are generally cheaper than if you were to rent a vehicle from a rental company such as Avis or Europcar. The rentals are generally calculated taking into account the type of vehicle, the age of the vehicle, mileage and the book value of the vehicle. The rental amount will also include: - insurance on the vehicle - tracking costs (the vehicle will be fitted with a tracking device). We would quote you a rental amount before you sign any documents to ensure that you are happy with all of the elements of the sale and/or the rental. We will give you at least one month’s notice of any increase to the monthly rental amount, and this will not happen more than once a year.
Are there any other hidden costs which I should know about?
Well, you will have to pay all e-tolls, fines, traffic infringements or other penalties charged while you rent the vehicle, and you will also have to pay the insurance excess if the vehicle is involved in an accident while you are renting it. Any costs of operating the vehicle are also for your account – such as fuel, oil, tyres, etc. for the period that you rent the vehicle. Administration fees can be levied by us if a payment bounces or if we have to make any payments or do any of the things that you are responsible for under the rental agreement (such as pay your speeding fines, etc.) These amounts are obviously not included in your monthly rental amount and are therefore payable by you as and when they arise. If you default under the rental agreement, you will also be liable for our legal costs to enforce the agreement.
How long will I need to rent the vehicle for?
The rental runs on a month to month basis, and you are not tied into any minimum period. At the end of each month, you can either return the vehicle to us or rent the vehicle for another month by paying the rental for the next month to us.
If I want to buy my vehicle back at the end of the rental period, what could I expect to pay for the vehicle?
The vehicle price will again depend on the market value of the vehicle at that time, the condition of the vehicle, the age of the vehicle, etc. You could expect the vehicle to be sold back to you at as close to the market value of the vehicle as possible. The vehicle purchase price will be clearly indicated on the contract.
How long will I need to rent the vehicle for?
The vehicle can either be rented by us to another party, or it can be sold by the buyer to a third party.
So how quickly can this all happen?
Typically within 24-48 hours from the time you bring your vehicle to us for the inspection. If repairs are required to bring the car up to roadworthy standards, a repair consent form will need to be signed in addition to the offer to purchase and lease agreement. The purchase price will be transferred to you and as soon as the vehicle repairs are completed and the lease amount is paid by you, you can DriveAway.
Our Easy Step by Step Process.
- Complete the contact request form on our website
- Receive call back from DriveAwaySA
- Schedule an appointment with us at our office
- At the appointed date and time, bring your vehicle and relevant documentation
- Copy of your ID document (SA ID, Passport, Traffic Register No. if non-citizen)
- Original RC1 (Vehicle ownership document proving you are Owner and Titleholder)
- Proof of Address
- Proof of Banking (minimum 3 months bank statements)
- Driver’s License
- Conduct Vehicle Assessment and Valuation