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4 Reasons To Pawn Your Vehicle

When most people are thinking of items that can be pawned, their minds often gravitate towards things like precious metals, electronics, and fine jewelry. However, they may be overlooking something that they use just about everyday. No, we’re not taking about the TV remote control; we’re referring to their automobiles. You can Pawn Your Vehicle

At Common Exchange, we happily accept cars, trucks, boats, motorbikes, and RV’s as collateral for your pawn loan. So what makes pawning a vehicle a great choice for so many of our clients? Here are just four of the many reasons:

Instant Cash

man-with-car-documents.jpgHave you had an emergency, received an unexpected bill, or do you just need a few extra dollars to get you to your next payday? If so, you’re not alone. In fact, we’ve all been in a situation where we needed a quick cash infusion at one point or another. While banks are an option, who has time to fill out the endless paperwork and jump through a bunch hoops, just to wait several days, or weeks, for the money.

Pawn loans, on the other hand, are an easy way to get cash in a matter minutes, not days. And it’s so simple: All you need to pawn your car, truck, or motorbike is a valid form of identification, a clean title, and your vehicle.

Guaranteed Approval

If you’re looking to secure a pawn loan using your vehicle, but are concerned that your credit is less than perfect, we have good news for you: You’re approved! In fact, we don’t need to subject our clients to intrusive credit and background checks for any reason. That’s because vehicle title loans are fully secured by the value of your car or truck, not based on anything that happened in the past. And since we keep the credit reporting agencies out of it, in the unlikely event you can’t meet the terms of your loan, your credit score will remain unaffected.

Keep Your Vehicle

Unlike most collateral loans, which require clients to leave their item with the pawn broker, individuals who take advantage of vehicle title loans can keep using their car, RV, or boat during the loan period. That means that you can get your cash and still get to work, take your kids to school, even head off on vacation that very same day.

A Broker You Can Trust

Common Exchange has been helping the great people of British Columbia secure collateral loans for nearly 25 years. We’ve made our reputation by providing honest and professional service, paying top dollar for your items, and working with clients who run into difficulty satisfying the terms of their loans. That’s why over 97% of our customers would readily recommend us to friends and family.

If you’re interested in more information, or just curious how much quick cash your vehicle could put in your pocket, get in touch with us at one of our 8 locations today!

Please note: this service is not available at all our locations. Also, the loan rate varies depending on your circumstances, you should definitely call ahead.