How It Works
Hock your Vehicle for a Quick Cash Loan
At Hock a Car, getting a loan against your vehicle in Sydney is simple. You can pawn your car, motorcycle and receive cash based on its value without selling it.
With over 20 years of experience, we offer a straightforward process for anyone looking for a loan against a car, bike. There are no credit checks, no approvals, and you keep ownership while your vehicle is safely stored during the loan period.
How to Pawn Your Vehicle?
Obtain a cash loan in 7 easy steps
Bring your vehicle with ID and ownership documents
Get your vehicle assessed for its current market value
Receive a loan offer based on its condition
Sign the agreement with clear loan terms
Obtain paid by cash or bank transfer the same day
Vehicle stored securely during the loan period
Repay anytime and collect your vehicle
Loan Amounts & Important Information
Obtain a loan against your vehicle with amounts based on its market value, without credit checks or approvals. Here are the key details you need to know:
- Borrow from $500 up to $100,000
- Loan amount depends on vehicle type, condition, and market value
- Available for cars and motorcycles
- The loan is secured against your vehicle as collateral
- You retain ownership while the vehicle is in storage
- No credit checks or loan approvals required
- Loan is issued based on asset value, not credit history
- The asset is returned once the loan and interest are fully repaid
Benefits of Pawning Your Vehicle
No monthly repayments required
Repay when you are ready to collect your vehicle
No application fees
No credit checks
No late fees or hidden charges
Fast access to cash
Loan Terms & Conditions
Our vehicle pawn loans are designed to be simple and flexible, with clear terms agreed before you proceed.
- Standard contract term is 3 months with option to extend*
- You can repay early and only pay for the time borrowed
- A fee applies based on the loan amount and duration
- Loan term can be extended if more time is required*
- Repayment can be made monthly or at contract expiry
- No monthly repayment required unless you choose
- Safekeeping fee may apply for extended terms beyond 3 months*
- Vehicle remains in secure storage until the loan is repaid
What You Need to Obtain Started
Proof of Identification (any one)
- Driver’s licence plastic card
- NSW driver licence online record
- Service NSW name card
- Passport
- Debit or credit card
Proof of Ownership (any one)
- Vehicle registration papers
- NSW registration online record
- Vehicle purchase or sale receipt
- Motorcycle registration papers
Repayment, Rates & Finalising Your Loan
When you are ready to repay your loan, notify us in advance so your vehicle is ready for collection.
- Provide at least 24 hours’ notice before collecting your vehicle
- Repay the full loan amount and interest to retrieve your asset
- Payment can be made early or at contract expiry
- Monthly rates range from 5% up to 20%
- Maximum annual percentage rate may go up to 48%*
- Rates vary depending on loan amount and asset value
- Different loan terms may result in different comparison rates
*Rates and fees may vary based on the loan agreement.
Licensing & Compliance
Hock a Car operates as a licensed pawnbroker and second-hand dealer registered to operate within New South Wales.
Licence number: 2PS504381.
Licensed pawnbroker services are conducted in accordance with the NSW Pawnbrokers and Second-Hand Dealers Act 1996.
Pawn loans are secured loans where money is lent against a tangible asset such as a car, motorcycle. The asset is retained until the loan is fully repaid. Loan approval is not based on credit checks or financial history. Instead, loans are issued based on the value of the asset provided.
Australian pawnbroker services are exempt from the Federal Government Credit Act 2009, but may be covered under provisions of the ASIC Act 2001.
Frequently Asked questions
Can I obtain a loan against my car in Sydney?
Yes, you can obtain a loan against your car in Sydney by using it as collateral. The loan amount is based on the value and condition of the vehicle, and you receive cash without selling it.
How does a car pawn loan work?
A car pawn loan allows you to use your vehicle as security to borrow money. The vehicle is stored safely, and once the loan is repaid, it is returned to you.
Can I pawn my motorcycle or car for cash?
Yes, you can pawn your motorcycle or car to get a secured loan. The process is the same, and the loan is based on the asset’s market value.
Do I need good credit to Obtain a pawn loan?
No, pawn loans do not require credit checks. The loan is approved based on the value of your vehicle, not your credit history.
How much can I borrow against my vehicle?
You can borrow from $500 up to $100,000 depending on the type, condition, and value of your car or motorcycle.
How fast can I Obtain cash for my vehicle?
In most cases, you can receive cash the same day after your vehicle is assessed and the paperwork is completed.
Trusted Sydney Pawn Shop With Transparent Fees
- NSW Residents Only
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