Our Auto Pawn Loan Process: What to Do if You Decide You Want Your Car Back

When you need cash quickly, a great option is to visit one our vehicle pawn shop locations and get a car pawn loan. The process of obtaining the loan is quick, with easy approvals, even if you have no credit or bad credit.
Once you get your car pawn loan, you have 30 days to pay back the money in full, plus 10%. You can pay back the money in any manner which is easiest for you, as long as it is paid back by the end of the 30-day loan period.

For example, your auto pawn loan is for $1,000. The total amount due to get your car back would be $1,100: $1,000 plus 10%. During the loan period, you pay $275 a week since that works best with your budget. You could also just make one lump sum payment of $1,100 at the end of the 30 days. You could even pay off the loan early with no penalty.

 

In case you are not able to pay off the entire amount at the end of the 30 days, we can work with you to extend your loan. The remaining balance, plus another 10%, would be due in another 30 days.

So, if you were only able to pay back $500 of the original loan, you would still owe $600, which could be extended for another 30 days. At the end of this period, you would owe $660—$600 plus 10%—to get your car back.

As you can see, it is easy to get the cash you need without a high-interest loan and flexible repayment options. To learn more or to get your car pawn loan, please feel free to visit your nearest Massa Auto Pawn & Sales or call us at 720.598.0081 today!