The most common questions asked at a pawn shop is usually related to the value of an item being pawned or sold. People often want to know how much they can get for their item or how the pawn shop determines its value. Other common questions may include inquiries about the pawn process, loan terms, interest rates, and the condition of items for sale. The following questions and answers are those commonly asked of us over the years:

• Q: What is a car pawn loan? >>
  A: A vehicle pawn loan is a short-term, collateral-based loan where your vehicle is used as security for cash …
• Q: How does a car pawn loan work? >>
  A: You bring your vehicle to our pawn shop, and in exchange for its value, you receive a short-term loan. Upon repayment, you retrieve your vehicle …
• Q: Can I still drive my car if I pawn it? >>
  A: Unfortunately not. Laws governing pawnbrokers and pawn shops require us to keep the pawned vehicle in our possession for the duration of the loan …
• Q: How much can I borrow against my car? >>
  A: The loan amount is usually a percentage of your vehicle’s appraised value. E-Pawn can offer a loan based on your car or bike’s worth …
• Q: What’s the typical loan term for a car pawn loan? >>
  A: Loan terms are for a maximum 90 days, but usually range from 15 to 30 days. In some cases, short-extensions are available at E-Pawn, where permitted by law …
• Q: How quickly can I get cash on a car pawn loan? >>
  A: At E-Pawn, you can get cash right away upon agreement. The process is designed for speed and convenience …
• Q: Is my credit score considered for a car pawn loan? >>
  A: No, your credit score is not a factor. The loan is based on the value of your vehicle, whether it be a car, motorcycle or some other type of vehicle …
• Q: What happens if I can’t repay the loan on time? >>
  A: If the loan isn’t repaid within the agreed period, unless extended, the pawn shop (like E-Pawn) may sell your vehicle …
• Q: Can I extend the loan period? >>
  A: E-Pawn offers extensions and renewals, where permitted by law, providing flexibility in repayment …
• Q: What documents do I need for a car pawn loan? >>
  A: Generally, you need your ID, proof of title, and sometimes additional paperwork. E-Pawn will guide you through the required documents …
• Q: Can I pawn a leased car or motorcycle? >>
  A: It depends on the pawn shop’s policies. E-Pawn assesses each case individually …
• Q: What interest rates can I expect? >>
  A: Interest rates vary. E-Pawn is transparent about its rates and ensures fair lending practices …
• Q: Will my car be safe while it’s pawned? >>
  A: Yes, at E-Pawn, your vehicle will be securely stored until the loan is repaid, ensuring its safety …
• Q: Is the pawn process confidential? >>
  A: E-Pawn prioritises confidentiality, ensuring a discreet process for all clients …
• Q: Can I pawn multiple cars? >>
  A: Yes, you can pawn multiple cars, and E-Pawn assesses each one individually for its loan value …
• Q: Can I pawn a classic or vintage car? >>
  A: Yes, E-Pawn accepts classic and vintage cars as collateral for a pawn loan …
• Q: What happens if my car’s value changes during the loan term? >>
  A: The loan is based on your car’s value at the start. Changes don’t affect the agreed loan amount …
• Q: Can I pay off the loan early? >>
  A: Yes, you can pay off the loan early, and no further interest will accrue beyond that date. E-Pawn encourages responsible lending and repayment practices …
• Q: Can I renew my pawn loan after it expires? >>
  A: E-Pawn offers renewal options where permitted by law, giving you more time to repay the loan …
• Q: What’s the difference between a car pawn loan and a car title loan? >>
  A: A pawn loan uses your vehicle as collateral, while a title loan allows you to keep driving your vehicle during the loan period. E-Pawn does not offer title loans …
• Q: Are there restrictions on the make or model of my car? >>
  A: E-Pawn assesses the value of all vehicle types, makes and models, ensuring a fair evaluation process …
• Q: Can I pawn a car without proof of title? >>
  A: A car title is typically required. E-Pawn can guide you on obtaining a duplicate title if needed …
• Q: What fees are associated with a car pawn loan? >>
  A: E-Pawn is transparent about fees. Generally, there’s an interest charge and possibly storage and other related fees if any loan is extended, but only where the law permits …
• Q: Is my personal information secure during the pawn process? >>
  A: E-Pawn prioritises client security and ensures the confidentiality of all personal information …
• Q: Can I pawn my car if it’s financed? >>
  A: It depends on the pawn shop’s policies. E-Pawn evaluates each case individually …
• Q: Can I pawn a car with mechanical issues? >>
  A: E-Pawn considers the overall value of the car. Mechanical issues may affect the loan amount …
• Q: Can I pawn a car that’s not registered in my name? >>
  A: Generally, you need to be the registered owner. E-Pawn can guide you on resolving ownership issues …
• Q: What happens if I lose my pawn ticket? >>
  A: E-Pawn provides guidance on the process to retrieve a lost pawn ticket …
• Q: Can I pawn a car that’s used for business? >>
  A: E-Pawn evaluates the value of the car, considering its use for business purposes. Vehicles owned by a company can be pawned subject to the Directors agreeing …
• Q: Can I pawn my car if it’s under finance? >>
  A: E-Pawn can guide you on the process if your car is under finance …
• Q: Can I pawn a motorcycle instead of a car? >>
  A: Yes, E-Pawn accepts motorcycles as collateral for a pawn loan …
• Q: Are there age restrictions on the cars accepted for pawn? >>
  A: E-Pawn assesses cars individually, considering factors like age and overall condition …
• Q: Can I pawn a car for someone else? >>
  A: Generally, the owner of the car or motorcycle needs to pawn it. E-Pawn can provide guidance on special cases …
• Q: Can I pawn a car without current registration? >>
  A: Generally, registration is required. E-Pawn can provide guidance on obtaining the necessary documents. We can even arrange for the vehicle to be collected for you …
• Q: How long does the pawn process take? >>
  A: E-Pawn strives for efficiency, and the process can be completed swiftly to provide quick access to cash. Providing we have the information required before your arrival, the process usually takes less than 15 minutes …
• Q: Can I pawn a car that’s been in an accident? >>
  A: E-Pawn considers the overall value of any vehicle, taking into account its condition …
• Q: Can I pawn a car if it’s my only mode of transportation? >>
  A: Yes. E-Pawn understands individual circumstances and can discuss options for transportation during the loan period …
• Q: Are there restrictions on the kilometrage of my car for pawning? >>
  A: E-Pawn assesses cars individually, considering factors like kilometres and overall condition …
• Q: Can I pawn a car with modifications or upgrades? >>
  A: E-Pawn evaluates the overall value of the vehicle, considering modifications or upgrades …
• Q: Can I pawn a salvaged or restored car? >>
  A: In most cases Yes. E-Pawn will evaluate the vehicle’s market value, factoring in its salvage or restored status …
• Q: Can I pawn a car with an outstanding loan? >>
  A: In most circumstances we can. E-Pawn can guide you on the process if your vehicle has an outstanding loan …
• Q: Can I pawn a luxury or high-end car? >>
  A: Yes, E-Pawn accepts luxury and high-end cars as collateral for a pawn loan …
• Q: Can I pawn multiple cars at once? >>
  A: E-Pawn can pawn multiple cars, each considered individually for for a pawn loan. E-pawn also offers pawn loans on multiple motorcycles …
• Q: Can I pawn a car if I have bad credit? >>
  A: Yes, E-Pawn doesn’t consider credit scores for vehicle pawn loans …
• Q: Can I pawn a car without a job? >>
  A: Yes, E-Pawn considers the overall value of your vehicle, focusing on the collateral rather than employment status. This is one of the best things about pawn shops …
• Q: Can I pawn a car for a friend or family member? >>
  A: Generally, the owner of the vehicle needs to pawn it. E-Pawn can provide guidance on special cases; for example when trying to raise money for bail assurance …
• Q: Can I pawn a car on a weekend? >>
  A: E-Pawn operates with flexibility and can discuss options for weekend pawn services …
• Q: Can I pawn a leased car? >>
  A: Generally not, because of the vehicle’s lessee has an equitable interest in its title …
• Q: Can I pawn a car for longer than 90 days? >>
  A: E-Pawn offers extensions and renewals, where permitted by law, providing flexibility in loan duration …
• Q: Can I pawn a car without the keys? >>
  A: Generally, keys are required. E-Pawn can guide you on obtaining replacement keys if needed. But, this will not prevent you from obtaining a pawn loan against your vehicle …

Bonus Questions & Answers:

• Q: What is the maximum amount you will lend? >>
  A: From a technical standpoint, there is no predefined maximum limit. However, our standard practice is to set a lending ceiling of $50,000 …
• Q: Can I get a guaranteed cash loan no matter what? >>
  A: No lender nor Pawnbroker can offer guaranteed approval for cash loans, however, E-Pawn, like most pawnbrokers are not concerned about your credit score or your employment status …
• Q: Is pawning my vehicle the fastest way to get a cash loan? >>
  A: Without doubt, the fastest way to get a cash loan is by pawing something of value, a vehicle for vehicle for example …
• Q: Are applications for a pawn loan free? >>
  A: Yes. Applying for a pawn loan is typically free of charge. Certainly, with E-Pawn all applications for pawn loans are free and without obligation …