Car Pawn
Published on Jan 9th, 2012 in with Comments Off
A car pawn service can provide a fast and simple way to raise money when you need it. It is basically a short term loan, typically seven months, guaranteed against the value of your car. The car can be a used model – indeed we offer loans against classic cars in addition to motorbikes and vans.
When you needed a loan in the past, you would probably be successful by applying to a bank or other high street lenders. However, in these difficult economic times, this may not be an option for many people. This is why car pawn loans are becoming increasingly popular. We at the TGS Group provide a variety of services, including the car pawn option. We are an experienced and reputable company who can offer a loan to a maximum of £50,000 against your vehicle. We have the reputation of being a consumer friendly organisation which can offer customers the funds they require.
Car pawning is a unique service. Our vehicles are important to us for many reasons, but many people do not realise that the money tied up in the vehicle can be easily released without actually selling the car. Think about whether you would be able to manage easily without a car. We use our vehicles to travel to work and act as the kids’ taxi, so we would probably struggle without a vehicle at our disposal. Car pawn, therefore, can be a very effective way of raising money without selling your family vehicle.
However, you must be aware that you must own the car completely, with no outstanding payments on it. Your logbook (V5) paperwork must be in your name, you must be at least 18 years of age and a UK resident. If you fulfil these criteria, you can apply for a loan of between £500 and £50,000, repayable in a maximum of seven months.
You will find applying for a car pawn loan very easy and you will not be required to go through any credit checks, as your car acts as collateral against the loan. If you think you will be eligible for a car pawn loan, it is easy to visit one of the 13 high street shops or apply online. You will typically receive your cash within an hour.
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