The Auto Pawn Loan Process
- Stop by our location or send us some photos via text or email with a description of your vehicle and we can make a preliminary valuation for you.
- Come in with proof of ownership (a title, in most cases) and a photo ID. We do a free appraisal of your vehicle and give you an offer based on the value of your vehicle, not your credit score. This usually takes about 10 minutes!
- You decide whether you want to accept the offer.
- If you accept, we move your vehicle and title to our secure on-site storage facility! The facility is not open to the public and the vehicle will not be available for public sale.
It's Quite Simple
With your clear-title vehicle, you can quickly borrow the cash you need.
We will provide the cash to get your life back on track.
Call us now at 1-888-500-98871-888-500-9887!
Disclosure and Examples of Car Pawn Loan Fees
- Lower Rates: We charge 35.9047 % APR (2.99 % monthly) on our Southern California car pawn loans. Our rates are among the lowest of traditional lenders and we consistently beat our competitors.
- Fully Amortized Loans: Each payment REDUCES your outstanding principal balance. There are no prepayment penalties.
The chart below represents illustrative examples of the cost of a loan to a qualified borrower. If you have any questions, or would like more information, please ask. Make certain your questions are answered completely. Make certain you understand the terms and costs of your loan.
| Number of MonthsThe number of months used in the APR calculation. | Annual Percentage Rate (APR)The rate of your finance charges including fees on an annual basis. |
Finance ChargeThe dollar amount the credit will cost you. | Amount FinancedThe amount of credit provided to you or on your behalf. | Minimum Monthly PaymentThe amount of your monthly payment. | Total of PaymentsThe amount you will have paid after you have made all payments as scheduled. |
|---|---|---|---|---|---|
| 12 (minimum) | 35.9056% | $535.44 | $2,615.00 | $256.60 | $3,150.44 |
| 24 | 35.9047% | $1,086.68 | $2,615.00 | $151.24 | $3,520.80 |
| 36 | 35.9520% | $1,692.37 | $2,615.00 | $117.70 | $4,307.37 |
| 48 (maximum) | 35.9450% | $2,345.14 | $2,615.00 | $101.91 | $4,960.14 |
Disclaimers
- There are no penalties for making additional payments or prepayment.
- APR is calculated based on all installment periods being of equal length.
- Additional fees: California lien fee of $15.00 is financed. Prepaid Documentation Fee is $75.00 for loans $2,600 to $4,999 or 5% for loans $5,000 or more.
- Borrowers are considered qualified with a credit score of 690 or better, 2 plus years of employment and 3 plus years at their current address.
- Car Pawn of California utilizes the FICO scoring method when credit score is a factor in determining customer credit worthiness.
- Minimum loan amount is $2,600.00.