Fast Loan Against Truck
If your Truck is unencumbered*, registered and in a roadworthy condition you can borrow against it!
If your Truck is unencumbered*, registered and in a roadworthy condition you can borrow against it!
Come in with your truck.
Provide 2 forms of identification and your truck registration details.
Receive cash in your hand the very same day!
It’s that simple!
All we need:
We will loan against any unencumbered* truck of value.
The vehicle must be registered and in a roadworthy condition.
A……ARRIVE WITH YOUR TRUCK
B……BRING YOUR I.D
C……CARRY HOME YOUR CASH
*Unencumbered meaning no registered interest, or lien to any financial institution or bank.
How fast can I get money?
You can generally get a loan against your truck within the hour at AutoPawn. The truck must be registered, roadworthy and unencumbered. We work with industry specialists that allow us to provide a rapid valuation. This means we can put cash in your hand, fast.
All you need to do is bring in two forms of identification (including a photo ID such as a driver’s licence) and the truck’s registration information. If everything is in order, we’ll let you know how much you can borrow, and you can walk out with cash.
What is the term of the loan?
AutoPawn provides cash loans against trucks for a period of 30 days to 90 days with a Monthly Percentage Rate (MPR) of 25%. At the end of the loan term, we may be able to extend the loan if you are making interest payments but need more time to repay the principal amount. Talk to our team if you need extra time to pay – we are happy to work with you wherever possible.
We also provide a flexible 10 for 10 Business Loan that is 10% for 10 days. Businesses can use our 10 for 10 deal to secure a short-term loan against trucks and trailers.
Can I get a loan against my truck with bad credit?
Yes! There are no credit checks, employment checks or income checks at AutoPawn.
When you get a cash loan with AutoPawn, you are using your unencumbered truck as collateral. We loan up to 50% to 60% of the truck’s wholesale/market value. This means we can put cash in your hand without performing a credit check, employment check, or income check.
Can I pawn a financed vehicle?
No. We only pawn trucks that are not subject to finance or other encumbrances. This is because we use your truck as security against the loan, and we take possession of the vehicle if you fail to repay the money. If a truck is subject to finance, we can’t manage our own risk, so we can’t provide a pawnbroking loan.