If your Car, SUV or Ute is unencumbered*, registered and in a roadworthy condition you can borrow against it!
1. Visit Us
Bring your car to AutoPawn and have a chat with our team. We’ll provide a rapid valuation and tell you how much you can borrow.
2. Bring Your ID
We’ll need two forms of ID and your vehicle’s registration details. Make sure one of your identification documents includes a photo ID.
3. Get a Loan Against Your Car
AutoPawn will provide an instant loan of up to 55% of the car’s value, so we can put cash in your hand within the hour. It’s that simple!
AutoPawn offers cash loans against any car, 4WD, SUV or ute of value! Your personal and business vehicles are some of the most valuable assets you own, so why not put them to work?
To get a cash loan with AutoPawn, your car simply needs to be:
That’s it! Chances are that if you’re driving your car around every day, it already meets our requirements. We work closely with contacts in the automotive valuation industry. That allows us to provide a rapid valuation and some of the best loans on the market, so you can access the cash you need, today.
*Unencumbered means your car cannot have any registered interest or lien to a bank or other financial institution. If your car isn’t subject to any loans or other finance, we’re happy to provide a valuation!
Unexpected bills? Going on holiday? Need to buy work equipment?
We offer cash loans that can be used for anything! If you’re growing your business or taking a family trip, we offer flexible cash on the spot.
Upgrading your car or investing in some new equipment for your business?
With a short-term cash loan from AutoPawn, you can jump on the perfect deal, even if you haven’t managed to sell your old car just yet.
Paying wages can be tricky if your customers haven’t paid their invoices yet.
At AutoPawn, you can use your personal car or work vehicles to secure a cash loan and make sure your staff and suppliers get paid on time.
How to Use Your Car for a Cash Loan
There’s often lots of money tied up in your car. If you need cash fast, using your car to secure a pawnbroking loan is a simple solution!
At AutoPawn we offer instant cash loans that are secured against your car, SUV, 4WD or ute. That means we agree to lend you money for a period of up to 90 days with your car as security.
At the end of your loan term, you repay the outstanding loan amount and we return your car. If you can’t repay the loan, we keep your car as a way to recover our losses. Simple, right?
The major benefit of this type of loan is that there are no employment or credit checks required. Because we’re using an unencumbered car as security, we can offer cash loans without worrying about your credit history.
Can I Get a Loan Against My Car and Still Drive It?
No.
When you get a loan against your car with AutoPawn, you’re using the car as security. That means we will keep your car until the loan is repaid.
There’s no need to worry about your pride and joy. While we’re holding onto your car, it will be stored in our secure, alarmed facility where it will be safe until you’re ready to collect it.
In some cases we may provide a courtesy vehicle for the duration of your loan (conditions apply).
AutoPawn is located in the heart of Bowen Hills. Once you leave your car with us, it’s a 5-minute walk to the Bowen Hills train station or the bus stops on Abbotsford Road. You’re also welcome to wait in our office until your taxi or Uber arrives.
Our Repayment Terms
AutoPawn provides cash loans against your car for a period of 30 to 90 days.
During that time, your loan accrues interest at a Monthly Percentage Rate (MPR) of 25%. For example, if you borrow $1,000, you would pay $250 interest for each 30-day period (or part thereof).
You’ll need to repay the interest and the principal value of your loan during the loan term. At the end of the loan term, you repay all outstanding principal and interest amounts, and we return your car to you.
At minimum, you need to pay your interest each month. If you are paying the interest, we may be able to extend the loan term if you need extra time to repay the principal amount.
Talk to us if you can’t repay your loan. We’re happy to negotiate a suitable agreement wherever we can!
How fast can I get money?
You can generally get money within an hour of coming to see us. If you need money fast, you can swap your car for a cash loan as long as it’s registered, roadworthy and unencumbered.
To get a loan against a car within an hour, we just need to see two forms of ID (including one photo ID) and the vehicle’s registration. Our industry contacts allow us to provide a rapid valuation and let you know how much you can borrow. Once you agree to the terms of the loan, AutoPawn will provide cash on the spot.
What is the term of the loan?
At AutoPawn, you can get a loan against your car for a period of 30 days to 90 days with a Monthly Percentage Rate (MPR) of 25%. We may be able to extend the loan term if you need more time to repay the principal amount – we are happy to negotiate wherever possible.
We also offer flexible options such as our 10 for 10 Business Loan. The 10 for 10 Business Loan is 10% MPR for 10 days (conditions apply).
How much can I borrow?
AutoPawn will lend a maximum of 50% to 60% of the wholesale/market value of your car. The amount we lend depends on the age, mileage and condition of your car.
We maintain industry contacts that allow us to provide some of the best valuations in the industry. We’ll tell you the maximum amount you can borrow and you can swap your car for a cash loan that suits your needs.
How old do I need to be to loan against my car?
You must be 18 years or older to get a loan against your car. AutoPawn’s customers are required to sign a contract that sets out the terms of our cash loans. Under Australian law, these types of contracts are typically only valid if you are a legal adult, so we provide loans to those who are 18 and up.
