Loans Against Classic Cars in South Africa

loans against classic cars

Do you own a classic car in South Africa and want to unlock its value without having to sell it? Look no further than Pawn My Car. We offer loans against classic cars from prestigious brands like Aston Martin, Bentley, Ferrari, Lamborghini, McLaren, Mercedes, Porsche, and Rolls-Royce.

Classic Cars as Valuable Assets

According to Knight Frank’s 2023 Wealth Report, classic cars have seen a remarkable 25% increase in overall asset value. This recovery comes after the slow years of the pandemic, which led to the cancellation of classic car shows and auctions worldwide. Over the past decade, classic cars have appreciated by up to an impressive 185%, making them one of the top-performing passion investments across all luxury asset types.

What Defines a Classic Car?

A classic car is typically an iconic model that has reached a certain age. While there is no universal agreement on the exact age qualification, most classic cars are at least three decades old. These cars often showcase innovative engineering, exceptional performance, or distinctive styling that set them apart. Examples include the Mercedes Gullwing, Aston Martin DB4, and E-Type Jaguar.

loans against Jaguar E-Type classic car

Unlocking the Value Without Selling

Rather than selling your appreciating asset, a classic car can serve as collateral to raise capital. At Pawn My Car, we recognize the intrinsic worth of collectible cars as security. We have processed vehicle-backed loans of up to R10 million and more within 24 hours, allowing owners to access funds without parting with their cherished classic cars.

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Where to Get a Loan Against a Classic Car

Pawn My Car is a registered finance provider with branches in key South African cities. Our expert consultants are available during office hours to schedule vehicle appraisal appointments and efficiently process loans against classic cars. Here are our contact details:

Cape Town

Pawn My Car Brackenfell: 021 000 1879
Pawn My Car Cape Town: 021 419 1113

Johannesburg

Pawn My Car Sandton: 011 440 0052
Pawn My Car Florida: 010 880 2416

Durban

Pawn My Car Durban: 031 305 7202

Port Elizabeth

Pawn My Car Port Elizabeth: 041 368 9590

How a Loan Against a Classic Car Works

Pawn My Car offers a discreet loan application process through our call center and online platform. Once you provide the details of your vehicle, we make an indicative offer of available financing. If you accept the offer, your classic car is physically appraised at a Pawn My Car branch, and a loan agreement is signed.

During the loan term, your classic car is safely stored, and the capital is transferred to your registered bank account. We don’t consider your employment status, credit rating, or financial history. As long as your classic car is debt-free and registered under your name, you can use it to raise short-term funding with ease. Our process is transparent, fast, and completely discreet.

Pawn My Car not only offers loans against classic cars in South Africa but also loans against other vehicles, including cars, bakkies, trucks, and even boats. For more information, contact us on 0861 112 866 or simply complete and submit our online application form.

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Complete your application now and unlock the value of your classic car.