Pawn a Car
An increasing number of people are pawning their car, truck, SUV, Minivan and other vehicle to access needed cash for other expenses which may include mortgage payments. So how do you get a good price to pawn your car? One way to not get the best price is to only go to a single pawn shop. The more pawn shops you get quotes from the better.
Car pawn loans are short-term loan contracts lasting less than 3 years. Normally, there aren't any credit checks conducted but you may have to show steady employment, since they don't necessarily want to be stuck with a car to sell, even if it is worth a lot of money. Keep up to date on car loans on our Pawn Blog.
The amount they appraise your car at is the price they need to make a good profit and to protect them against unforeseen problems with the car. The make, model and age of the car is sure to be important too. If you're thinking of pawning an antique car or race car, you'll probably only get a quote from a select number of pawn shops. You may have to travel out of town or to a major city.
If you're certain you can pay a car pawn loan back within the stated time period, the a pawn loan with your car as collateral is not a bad idea. It's perhaps the one thing you own that pawn shops will accept. Do you own a motorcycle or boat? They may be a great way to raise the cash you need.
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