We specialise in short-term asset loans against luxury cars.
Many people aren’t aware they can release the equity in their vehicle at a lower cost than the traditional logbook loan, on the condition they will be unable to use their vehicle until the repayments are complete.
Providing a lifeline; pawning your car provides an opportunity to manage unforeseen expenses, cover home improvement costs or even to help raise business capital when required.
To comply with anti-money laundering legislation and to help protect our customers and guard against theft and fraud, we need to establish and verify the identity and address of all customers. You will be asked to provide a minimum of three documents: one to confirm identity, such as a passport or driving licence, another to confirm address such as a recent utility bill or bank statement & documentation in respect of the vehicle used for security such as the V5 Logbook for a Car. We may in some instances require proof of ownership by way of a purchase invoice.
Motor vehicles are kept at secure car storage facilities around the UK.
The quickest & easiest way to get an idea of value & how much you may be able to borrow would be to complete our online enquiry form and provide clear photographs of the vehicle(s).
You can also send pictures via our WhatsApp service on 07789 780777. Our team usually respond very quickly to all enquiries.
As a loan we would usually offer up to 65% of trade values.
You will need to repay the original loan amount, plus the interest incurred to complete the agreement.
No, we do not carry out credit checks on Asset Finance / Pawnbroking loans. However, for your peace of mind, we may check items against a stolen goods register.
The agreement is a regulated standard Pawnbroking contract for 7 months, with an option to renew.
Yes, you can obtain the vehicle back at any point during the agreed period by settling the loan. If you choose to settle the loan early you would receive an early settlement discount.
At the end of the agreement we would be happy to discuss renewing the loan with you. This would mean that you would have to pay the interest only up to date.
In the event that you are unable to pay the interest or loan at the end of the contract, your asset will be sold. The funds generated from the sale will be used to clear your loan, as well as any interest or costs associated with the sale. Please note: any surplus funds will be returned to you.
Your vehicle will be offered for sale at an auction or by private treaty.
Pawnmy is a trading style of Logbook Lending Limited, registered in England and Wales.Co.Hse. 7409180. Registered Office: 82 Wandsworth Bridge Road, London, SW6 2TF. We trade from: Kinetic Business Centre, Theobald St, Borehamwood, WD6 4PJ.
Logbook Lending Limited is authorised and regulated by the Financial Conduct Authority for Consumer Credit. Our authorisation 673568 can be verified by viewing the FCA Register. We are also registered with the Information Commissioner’s Office under ZA658269 for data protection purposes.