Pawn Your Bike to Get a Cash Loan in An Emergency

If you are a motorbike enthusiast and often like to hit the open road to have an exhilarating time, you know how valuable your motorcycle is. And when an emergency creeps in out of nowhere, one of the options you have is to pawn motorcycle for cash loan. There may be better alternatives, but it can get you the required money speedily. The team at Cash Fast have revealed some valuable tips you should consider when pawning your motorcycle for cash in an emergency.

Consider Your Options

Consider other possible choices before you decide to pawn your motorcycle. See if you can get a loan from a private lender, bank or family member. But when every option fails – you are rejected for loans by traditional and private lenders. Don’t worry; Cash Fast is here to help you in this pressing situation. 

The team at Cash Fast knows that an emergency can surface when it is least expected, and only some are financially prepared to handle it. Maintaining a good credit rating can be difficult, but that shouldn’t mean you can’t get help to have the cash you need when you need it the most. Cash Fast has helped hundreds and thousands of Australians to get finance against their motorbikes. 

Find Out Motorcycle’s Value

Before pawning your motorcycle, it is vital to determine its value. It will help you to have a just and informed negotiation. You can refer to valuable resources, including NADA Guides or Kelley Blue Book, to know the estimated value of your motorbike. Typically, a 10-year-old motorcycle will command a higher value than a motorcycle older than 15 years. You can get your motorcycle serviced to uphold the best condition and fetch the best value.

Find a Pawn Shop in Your Area

If you have decided to pawn your motorcycle, ensure you select a trusted pawn shop. Cash Fast Loans is an Auto Pawnbroker and Moneylender and a 100% Australian-owned, licensed family business based in New South Wales with over 30 years of combined industry experience. You must bring your motorcycle to our location for an assessment before we can approve the cash loan.

Keep Essential Documents Handy

Before visiting the pawn shop, it is vital to have your essential documents handy, which will speed up the application process. Essential documents will include motorcycle title, registration, identification, and no other loans should be unpaid on your motorcycle. If you want to pawn your motorcycle for cash, you must furnish these documents to the pawn shop.

Know Your Repayment Terms

Once you have identified a reliable pawn shop near your locality and have prepared your documents, you can schedule your motorcycle evaluation. Know the repayment terms and stick to them to redeem your motorcycle ownership.

Final Words

There are solutions other than pawning your motorcycle to get the cash you need to handle the emergency; however, pawning can help you quickly get the required funds. Nonetheless, check all available options before pawning your motorcycle for quick cash.

If you decide to pawn your motorcycle, you can trust Cash Fast. For a smooth process, know your motorcycle’s value beforehand and bring essential documents along for faster application processing for a quick pawn cash loan. Even with a bad credit rating, you can still avail yourself of a motorcycle pawn cash loan without any credit checks.