If you’re thinking “Can I hock my car for a cash loan?” Well why not contact AutoPawn and let our team provide a valuation!
1. Visit Us
Bring your car down to AutoPawn and meet the team. We’ll provide a valuation and a quote for how much money you can borrow.
2. Bring Your ID
All we need is your car’s registration and two forms of ID. Please ensure one of your identification documents includes a photo ID.
3. Get a Loan Against Your Car
If you’re happy with the valuation, you can walk out of AutoPawn with a cash loan worth up to 55% of the car’s value. Easy as 1, 2, 3
At AutoPawn in Brisbane, you can hock your vehicle for a same-day cash loan! We offer car title loans on 4WDs, SUVs, utes and work vehicles of value, so you can access the cash you need on the spot.
The AutoPawn team offers cash loans on vehicles that are:
Cars are probably some of the most valuable assets you own. If you need cash fast, a car for cash loan is a great way to unlock that value!
You can hock your car at AutoPawn if it’s in good condition. We have specialist industry contacts that allow us to provide some of the best loans on the market. So bring your car down to AutoPawn and we’ll get you the cash you need.
*Unencumbered means your car can’t be subject to a registered lien or interest with a bank or lender (e.g. a car loan). As long as the car isn’t subject to that type of finance, we’ll be happy to offer a valuation.
Need to pay a bill? Planning a holiday? Want to jump on a good deal?
Our cash loans can be used for anything! From family trips to business investments, we can put money in your hand today.
Upgrading your vehicle or work equipment is a big expense.
If you’ve found a good deal, a loan against machinery can bridge the gap, so you can buy a new car without having to sell the old one first.
When you need to pay staff on time, AutoPawn can help.
You can hock your personal car or perhaps get a loan against truck so you can pay wages before customers have paid their invoices.
What Does ‘Hock’ Mean?
The word ‘hock’ is a pawnbroking term. When you hock a car, you are exchanging it for short-term loan with a pawnbroker such as AutoPawn.
We hold onto your car for the duration of the loan, you get cash in hand, and then you get the car back when the loan is repaid.
Can I Hock my Car and Still Drive It?
No. If you exchange your car for a short-term cash loan, the car is considered “in hock.”
At AutoPawn we hold onto your car while it’s in hock. This is because you’re using the car as security against your loan. If you can’t repay your loan, we’ll sell the car to recover the money we’re owed.
Otherwise, you can have the car back as soon as your loan is repaid.
There’s no need to worry about your car though. We keep hocked cars at our secure, alarmed facility in Bowen Hills, so it will be safe and sound until you’re ready to collect it.
What Kind of Cars can I Hock?
You can hock pretty much any car of value!
It’s easy to forget, but the car you drive around every day could be worth tens of thousands of dollars. When you need cash fast, hocking your car allows you to secure a short-term loan for a period of up to 90 days.
AutoPawn will work with you to hock a huge range of cars, including:
When you hock a car, we provide a cash loan on the spot for a period of up to 90 days. At the end of the loan period, you repay the outstanding loan amount and we return your car. Simple!
At AutoPawn there are no credit or employment checks required. Your loan is secured against the value of your car, so we don’t need to worry about your credit history.
Repayment Terms at AutoPawn
AutoPawn will provide a cash loan on a hocked car for a period of 30 to 90 days.
While the car is in hock, your loan attracts interest at a Monthly Percentage Rate (MPR) of 25%. For instance, if you borrowed $10,000, you would pay $2,500 for each 30-day period (or part thereof).
You need to repay both the principal (the amount you borrowed) and the interest during your loan term. At the end of the loan period, you repay any outstanding amount, and we hand you the keys to your car.
If you can’t repay your loan then have a chat with our team. We may be able to extend your loan term or we’ll negotiate a suitable agreement to help you out!
