Did you know that you can pawn your car and still drive away in it? An auto pawn loan is a type of secured loan that uses a vehicle title as collateral.
If you need a quick loan for an emergency and can't depend on your credit rating to get one, an auto pawn loan can help you get the cash you need without having to give up your car.
How Does an Auto Pawn Loan Work?
We're all familiar with pawnshops that operate in virtually every city and town in America. Pawnbrokers lend money to you, the customer, for a fixed period of time and hold onto a valuable asset that you give them as collateral. Once the cash, plus interest, is repaid you get your asset back. If you fail to repay your debt, the broker keeps or sells the collateral.
Most pawn transactions use electronics, firearms, jewelry, and other small valuable items as collateral. However, unlike traditional pawn deals, with an auto pawn loan, you can use your car title as collateral and you can keep and use the car while repaying the loan.
How to Get an Auto Pawn Loan in Arizona
Applying for an auto pawn loan is easy when you apply online by filling out the two-step form here. You'll then need to speak with one of our agents before getting your auto pawn loan approved.
Wilshire Consumer CreditSM (WCCSM) offers auto pawn loans in Arizona and several other states. WCCSM promises to process the loan quickly and tries to get cash to an approved customer within 48 hours.
Approval only takes a few minutes. All you have to do is fill out the two-step form here and speak with one of our agents. Use your car title as collateral by applying for an Auto Pawn Loan Now! Get the quick cash you need without having to give up your car.