Frequently Asked Questions

Learn more, view Vehicle Pawnbrokers‘ Frequently asked Questions guide.

How quick do we get money?

Once all the paperwork is completed, you’ll receive immediate payment in Cash or Bank Transfer.

Additional FAQs

Does bad credit affect the loan approval?

As we retain your asset, this becomes our security over your loan.

Need More Information regarding our FAQs

Get in touch today; visit Vehicle Pawnbroker Sydney or call: 02 9683 6772

Alternatively we offer various pre-options to obtain your pawn loan faster.

Extended FAQs

What is a vehicle pawn loan?

A cash loan that is provided by a Pawnbroker to a borrower which is secured against a vehicle owned and pledged as collateral by the borrower. This vehicle collateral remains with the pawnbroker until the debt is repaid.

What vehicle assets do we pawn and lend money against?

Pawn loans are offered against most types of Cars, Boats, Trucks, Motorcycles, Jet Skis, Horse Floats and Caravans.

How quick can I get a Loan against my vehicle asset?

Generally, within thirty minutes.

Do I have to be employed?

Employment or proof of income is not necessary.

Should finance be owing on my vehicle asset can you help?

We prefer the vehicle asset to be free of finance. However, should this not be the case, please contact us to discuss further.

What if asset or vehicle ownership is in another person’s name?

This is not an issue; you may still pawn the vehicle as long as you can provide evidence you have authorisation from the owner. E.g. Wife, family member or company.  Furthermore, we must have the ability to verify this.

What identification is required?

To qualify for a vehicle pawn loan, we require photo identification. E.g. Drivers’ Licence, Passport or Certified Proof of Identification Card.

How long is the contract term?

Ultimately, you decide the length of the loan term. The initial contract is set at 3 Months as required by law. However, this can be repaid at any time without any penalty fees incurring. Furthermore, you only repay for the period you have borrowed the money.

What is the interest charge on a vehicle pawn loan?

Loan interest is calculated and fixed at the time of agreement based on the amount being lent and value of the asset being pawned. Importantly, there are no hidden fees.

How do I repay my vehicle pawn loan?

Repayment is not necessary until you reclaim your vehicle asset. However, to reduce your debt, You May Repay Periodically At Your Choice.

If I can only afford to pay part of the vehicle pawn loan due, what are the consequences?

You need to pay an extension fee, this will allow you extra time that you may need to pay the full and final debt.

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