Get The Cash, Keep The Car

 Australia's 1st Drive Away Pawn Loan!

 Borrow $1,000 to $100,000

No application, no credit checks

Same day approval and funding

Loan amount based on vehicle value

Fill in the Quote Form to get started!

*We only operate in SA. Interstate enquiries may wish to consider a personal loan

Need urgent cash?

Unable to get a traditional loan from a bank? Have a bad credit rating? No Problems!

At Drive Away Funding you can pawn your car for cash today AND keep driving it - it's an Australian First!

DRIVE AWAY CASH LOANS

Australian 1st - Pawn your vehicle and keep driving it!

GET APPROVED IN MINUTES

Same day funds for when you need cash in a hurry.

EASY & CONFIDENTIAL

Hassle free loans for any purpose with no credit checks!

GET THE CASH YOU NEED

Loans from $1,000 to $100,000 with competitive rates.

Drive Away Pawn Loans

Drive Away Funding is a specialist pawnbroker that provides an alternative short term funding option for people who need money fast or are unable to obtain traditional bank finance. We lend money based on the security of your pawned vehicle. However unlike other pawnbrokers we don’t keep your vehicle - instead we allow you to keep using it while you’re paying off the loan!

Our process is simple, easy, and convenient and we can let you know how much you can borrow today within a few minutes!
Get started today by completing our simple online quote form.


Get a Quote Now!

HOW IT WORKS

APPLY1

APPLY

Complete our Quote Form OR Call us with the details of your vehicle and how much you want to borrow.
GET APPROVED2

GET APPROVED

Once we’ve assessed the value of your vehicle and verified a few details we’ll approve your new pawn loan.
GET YOUR CASH3

GET YOUR CASH

Drive away with your car & cash! Just leave us your vehicle registration certificate and a spare set of keys.
REDEMPTION4

REDEMPTION

Simply pay off your loan in full at the end of the loan term to redeem your security documents and key.

THE PROCESS


We operate as a specialist pawnbroker and provide all funding and loans under a contract of pawn.

However, unlike other pawnbrokers we do not take possession of your vehicle - this means you get to pawn your vehicle for cash and keep driving it the entire time!

All we do is keep hold of your vehicle registration certificate [transfer of ownership documents] and a spare car key for the duration of the pawn. We also register our security interest in your vehicle via the Personal Property Securities Register [PPSR].

Everything gets documented on our 'pawn agreement’ which clearly identifies the terms of your loan including all fees and charges that are applicable.

The redemption period on our pawn loan is one (1) calendar month. This means you will need to repay your loan in full, including our fee, within a month. If you can’t repay your loan in full by the due date, you can extend the redemption period each month by simply paying the outstanding interest fee.

As soon as you’ve paid your loan off in full we’ll give you back your vehicle registration certificate, spare car key/s and remove our security interest from the PPSR.

For more details please read our FAQs


Before you apply, please read our eligibility criteria as we will not be able to assist you if you don't qualify.

To qualify for a vehicle pawn loan, you will need to;
- be a permanent Australian resident or have a valid visa;
- be at least 18 years of age;
- reside and have your car registered in South Australia;
- have a valid Australian driver’s licence;

In addition, your vehicle must be;
- owned free and clear [no secured debt/finance].
- roadworthy and in good condition [no major damage or defects]

You will also need to provide us with the following;
- proof of identity [valid drivers licence]
- proof of ownership [current car registration certificate in your name]
- proof of comprehensive car insurance [a certificate of currency]
- a working duplicate set of keys for your vehicle

Note: We do not perform a credit check!

FAQs

What is a vehicle pawn loan?

It’s a short term loan that uses your vehicle as collateral. The way it works is you grant us security/ownership over your vehicle in exchange for a cash loan. Then once you pay back the loan in full we remove our security and return to you full legal ownership over the vehicle.

Pawn loans are normally used as a short term funding option for people who need money fast or are unable to obtain traditional bank finance.

Can I keep driving my vehicle?

YES, Absolutely! We’re proud to be the first and only Australian pawnbroker that lets you pawn your car for cash and keep driving it!

This means you get to solve your short term money challenges without experiencing any major disruptions or inconveniences to your everyday life.

After all, the last thing you want to do is have to explain to your family, friends or boss why you don’t have a car!

Note: You also have the option of a traditional 'Stored Asset Pawn Loan' whereby you leave your vehicle in our possession for the duration of the loan. Under this option you will usually be able to borrow more funds and pay less interest.

What type of vehicles will you lend against?

We lend against all makes and models from small cars, sedans, prestige cars and SUVs to high performance vehicles and even vintage or classic cars.

We can sometimes also lend against motorbikes, trucks, vans, trailers, caravans and even boats.

As long as your vehicle is paid off, roadworthy and in good working condition we can use it as collateral for a loan [subject to minimum verified asset value].

How do I apply for a loan?

Simply complete the online Quote Form at the top of this page or give us a call on 08 8451 1500 with the details of your vehicle and how much you want to borrow.

How much can I borrow?

The amount you can borrow is based upon the value of your vehicle, as determined by us, and your overall circumstances.

Our minimum loan size is $1,000 and can be as much as $100,000 or more depending on the value of your security.

How much will the loan cost me?

Our fees are very competitive and are determined by the amount you borrow and the value of the security you provide.

Once we’ve had a chat and assessed your application we’ll let you know the exact fee you'll be required to pay.

You'll also be required to complete our 'pawn agreement' prior to borrowing any money, which clearly details the exact terms of your loan and any fees and charges that might become applicable.

Note: You also have the option of a traditional 'Stored Asset Pawn Loan' whereby you leave your vehicle in our possession for the duration of the loan. Under this option you will usually be able to borrow more funds and pay less interest.

Does it matter what I need the money for?

No, you are free to use the funds for whatever purpose you want.

How long does the whole process take?

Once we have all of the required documentation, we can usually process and approve your loan within minutes.

In most circumstances you can expect to have your loan funds transferred to your nominated bank account on the same day.

Will my credit file be marked if I apply?

No, we do not require a credit check at all!

Your credit file will remain completely untouched so no other lender or credit provider will ever be able to tell you have borrowed funds from us.

What are the requirements for a loan?

To qualify for a vehicle pawn loan, you will need to;

- be a permanent Australian resident or have a valid visa;
- be at least 18 years of age;
- reside and have your car registered in South Australia;
- have a valid Australian driver’s licence;

In addition, your vehicle must be;

- owned free and clear [no secured debt/finance]
- roadworthy and in good condition [no damage or defects]

What information do I need to give you?

You will need to provide us with the following;

- proof of identity [current driver's licence]
- proof of ownership [current car registration certificate in your name]
- proof of comprehensive car insurance [certificate of currency]
- a working duplicate set of keys for your vehicle

Note: We do not require or perform credit checks!

Can I get a loan if my car is not paid off?

Maybe… If you’re car loan is almost paid off, there is a good chance that we can help you. We suggest you to contact us for a chat to see what we can do.

How long can I borrow the money for?

All pawn loans have a redemption period (loan term) of one (1) calendar month. However, you do have the option of extending the redemption period each month by paying one month’s fee prior to the due date.

In fact, as long as you keep making the monthly fee payments on time you can keep extending your pawn loan.

Is there a penalty if I pay off my loan early?

No, you can pay your loan in full at any time within the redemption period without receiving a pre-payment penalty.

In fact, we encourage customers to pay off their vehicle pawn loans as soon as they are able.

What if I can't repay my loan on time?

The redemption period on all vehicle pawn loans is one (1) calendar month. If you are unable to repay your loan before the due date you can extend the redemption period for another month by simply paying the outstanding monthly fee.

As long as you keep making your monthly fee payments on time you can keep extending your pawn loan.

If you’re unable to repay your loan and any fees owing, we will make every effort to work with you and come to a suitable arrangement.

However, if we are unable to come to such an arrangement, under the Second-hand Dealers and Pawnbrokers Act 1996 we have a mandate to;
14.(3) As soon as reasonably practicable, sell the vehicle in a manner conducive to securing the best price reasonably obtainable.
14.(7) If the proceeds of the sale of pawned goods exceed the amount owing to the pawnbroker under the contract of pawn, the balance of the proceeds is recoverable from the pawnbroker as a debt in a court of competent jurisdiction by the person who would have been entitled to redeem the goods if not sold.

Note: If you think you might have trouble repaying your vehicle pawn loan then please contact us as soon as possible so we can try and work out an arrangement. We would much rather help you get back on track than have to repossess your vehicle.

What other assets will you lend against?

We will consider lending against any unencumbered [freehold] asset of value, including; boats, jet skis, collectables, business plant & equipment etc.

In most cases, if the asset is not a vehicle, we will require that the asset is stored safely in our possession for the duration of the loan.

Whatever the asset, if you need short term funding please email or call us to see what we can do.

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