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.
"Pawn car and still drive it Cape Town", Western Cape is not a legal phrase in South Africa.
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.
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.