Debt in South Africa is no joke. Right now, there are more South Africans in debt than with jobs. With South Africans spending up to 80% of their monthly income on debt payments alone, you could easily say that many are teetering on the edge of insolvency. So, you are not alone.
But did you know that if you have maxed out your loans, credit cards, and bond, you can get a fast cash loan on your vehicle if you pawn it? It’s true. If your vehicle is paid up in full, it can solve your cash-flow problems. You can pawn your car, SUV, boat, motorbike, caravan, trailer or truck for cash – and still continue to use it. Here is how it works.
A Fantastic Way to Unlock Asset Wealth
A unique form of lending brought to you by Cash Drive, if you pawn your car and still drive it, you have access to a fantastic way to unlock asset value in not just your car but also your truck, motorbike, boat, caravan, earthmoving equipment, or farm vehicle. Also known as title lending or logbook lending, this lending method has been successfully used in the United Kingdom and the USA for over three decades – and now it is practised in South Africa.
Our Lending Practice is Easy, Fast, Safe, Fair – and Legal
We offer customers an easy, fast, honest, safe, and legal method of borrowing money using your vehicle as security. But to qualify, you must own your vehicle outright, you must have a job, and your name must be on the vehicle’s registration papers. Once you have applied online, you will need to visit us at our branch in Johannesburg so we can inspect your vehicle. Our consultants will then provide you with all the documentation.
You Still Get to Use Your Vehicle – and You Get A Loan
Once you have completed the documentation and provided us with three month’s bank statements, a copy of your driving license and ID, proof of residence, and the vehicle-registration papers, we will value your vehicle and see how much we can loan you. We will then install a tracker and, in less than 30 minutes, we can have your cash paid out, with you still in the driver’s seat of your vehicle. Once you pay us back the loan, we will hand your car’s registration papers back to you. It is as easy as that.
We Have Over 40 Years of Experience
At Cash Drive, we’ve been assisting cash-strapped households, individuals, and businesses throughout Johannesburg and Pretoria unlock much-needed asset wealth. We understand that South Africans need help with cash, which is why we provide a financial product that gives people access to cash.
For the best service and expertise if you want to pawn your car and still drive it, chat with us today.