Selling your car on your own might take months, if not years. However, there is good news! Pawn shops do buy cars. Pawn shops might provide you a loan or buy your car outright based on its worth. However, it is important to note that you will need to own your car to do this.
- Do some research to find out how much your car is worth before you pawn it.
Consider getting an online appraisal to get a sense of how much you’re willing to pay for your vehicle. Answer all questions honestly; anything that isn’t working or general wear and tear will have an impact on the value of your vehicle.
- Have the car cleaned and detailed!
Clean the car inside and out, having a clean car is one of the best way to improve its value. Get out any stains if possible, clean the carpet and wax the car to give it the best chance at impressing the pawnbroker.
- Repair anything that has an easy fix.
Fill all the fluids, have the oil changed, install new wiper blades if needed, check that all lights are in working order (headlights, brake lights, turn signals, tail lights etc.)
Contact a Pawn Shop to Buy or Loan Your Car
When your car is in prime condition and you’re ready to talk about a fair price, contact us. You’ll need to find the car’s registration and prepare to sell it. Call a reputed pawnbroker such as Buyback Loans to ensure that someone is available to evaluate your vehicle.
The Difference Between Selling and Loaning Your Car
It is very important to decide whether you are going to sell your vehicle outright or pawn it. But what’s the difference?
During the process of selling your vehicle, you will have to sign the title over to the pawn shop. They will be the owner of the car where they will then resell your car to an interested buyer. When selling you can often get the amount of cash the pawnbroker offered at the appraisal right away.
When pawning your car, you will discuss a market value, and timeline for repayment. Leaving your car at the pawnshop and leaving with cash in hand. The pawn shop will store your vehicle for the amount of time you’ve agreed upon for the duration of the loan which is 3 months in Queensland. Once you have fully repaid the loan you can go back and retrieve your car, which will still belong to you. In the event you decide you’d rather have the cash over your car, you can walk away scott free and the pawn shop sells the car to recoup the money lent. You won’t owe the pawn shop anything on the loan.
If you’d like to get an appraisal for your vehicle and you want to sell it or get a loan against your vehicle, feel free to give Buyback Loans a call on 07 5609 2574 today! We can happily set up a time to meet and discuss any of your selling or loaning needs.
