Pawn and Drive

In other words, sell and drive, or pawn and drive, enables the client to raise money against their vehicle while still driving it. Essentially, we buy the vehicle from the client and then take ownership of it. During a specified rental period (loan) the client retains the right to use the vehicle.


Pawn and Drive my Car

Pawn and Drive, allows the client to use their vehicle as security to get an instant, short term loan, whilst still being able to drive their vehicle. The vehicle's original registration papers, serves as security to obtain a loan against the value of the vehicle. Short term loans are typically fixed over a period of 3, 6 or 12 months but can be extended depending on the needs of the client. Ownership of the vehicle will only be transferred to the lender in the event of the borrower being in breach of the loan agreement.

You can pawn and drive your vehicle in 30 min

  • By obtaining an upfront cash amount while driving the same vehicle, “pawn and drive” allows you to borrow money against your vehicle.
  • It’s easy to get your car appraised at our offices and have the money deposited right into your bank account with no complicated application process.
  • The loan period can be customized based on your unique needs. At the end of the loan period, the loan period can be extended if needed.
  • In order to cater for the unique needs of each client, we determine the loan amount and monthly re-payment amount based on the vehicle value and the risk associated with the loan.

Consider the following points if you are selling your car while still driving it

  • Your original vehicle registration documents will serve as security for the loan, and no credit checks are required. Bank statements and payslips are not required.
  • Defaulting on the loan agreement will transfer ownership of the vehicle to the lender.
  • The loan agreement specifies a monthly interest and capital re-payment schedule.
  • In addition to settling client obligations with financial institutions, we assist them with settling loans with banks such as Wesbank, ABSA, MFC, Standard Bank, and others.