Pawn Your Car
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Posted On :
Nov-24-2011
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Article Word Count :
355
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The pawning service has long served the needs of consumers looking to borrow money against using a valuable item as security for the loan.
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The pawning service has long served the needs of consumers looking to borrow money against using a valuable item as security for the loan. Jewellery and watches have long been the ideal items for pawning, while electronic and electrical goods have also become popular. It is now possible to pawn your car, one of the most valuable items many of us own, as long as it is free of finance and you are the legal owner.
When you pawn your car you are essentially enjoying access to a secured loan. Rather than risking your home or attempting to gain a second mortgage from your current lender, though, you can pawn your car quickly and easily, often with a same day decision and instant access to the money that you borrow. This makes car pawning one of the most convenient ways to borrow emergency cash in a hurry.
The car itself typically has to have a current value of £5,000 and, depending on the value of the vehicle and how much you want to borrow, the loan amount can be anything up to £50,000. When you pawn your car, it is meant as an emergency funding loan in order to tide you over and this means that you can borrow the money for anywhere between one and seven months.
Once you pawn your car, it should be stored in a secure and insured location. Once you make your repayments you will be able to get your car back, which is usually delivered back to your door on the same day that you make the final repayment. What's more, there are no fees associated with repaying the money early and this means that if you find you have the cash sooner than expected, you can get your car back sooner than expected too.
You can pawn your car, motorbike, van, or virtually any other vehicle. While modern cars are more likely to hold the value that is required, older models such as classic cars and sports cars may also be used to help you access the money that you need in a hurry.
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Article Source :
http://www.articleseen.com/Article_Pawn Your Car_109531.aspx
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Author Resource :
Whether you have bad credit or are self employed you can pawn your car at CarPawn.co.uk and use the money, up to £50,000 depending on the value of the vehicle, for any purpose.
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Keywords :
pawn car, pawn your car,
Category :
Finance
:
Finance
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