It’s possible to sell your car to a pawn shop if you are located in Colorado or elsewhere, and there are a variety of reasons why you should consider doing this instead of the other possible alternatives. Let’s look at five reasons why you would want to sell your car to an auto pawn shop:
- It’s Fast
Selling your car to a pawnbroker can be faster than trying to sell it yourself, as you’ll need to track down potential buyers first. Either through putting an ad Craigslist, putting an ad on your car, or by taking it to used car dealerships, you will have to find potential buyers and negotiate, which can become a lengthy process. A pawnbroker can make you a quick offer.
- You Have Options
When you bring your car to a pawnbroker, you have the option of either selling or pawning your car. If you choose to sell your car, if you have your car title and a photo ID, the pawnbroker can give you a check in as little as ten minutes. Pawning your car means you will negotiate the car’s value and receive the agreed upon amount, which needs to be paid back with interest for you to regain possession of your car. Once you’ve received the amount that has been negotiated, the car will be stored by the pawnbroker. Should you not come back and pay the amount plus interest, your car will be sold.
- All Vehicles Are Welcome
You also have the option of pawning a variety of vehicles, including things like motorcycles, boats, RVs, planes, limousines, golf carts, snowmobiles, and jet skis. This mean you could potentially take the hassle out of getting rid of multiple vehicles at once, walking away with cash in hand.
- It’s Secure
Once your vehicle has been pawned, it will be placed into the on-site storage facility, and it cannot be sold during the 30-day payback period. If you end up needing more time to pay back the money plus the fee, you can extend the contract, allowing you to pick up your vehicle later. You will then owe the original amount borrowed, plus the initial fee, plus the additional fee percentage from extending the contract.
- No Worries About Credit
Pawning or selling your car to a pawnbroker doesn’t have anything to do with your credit score, so if it’s less than stellar, you don’t have to worry about getting turned down. This takes the hassle that people usually associate with having to deal with transaction involving credit scores.
If you are in Colorado or elsewhere, you can sell or pawn your car to an auto pawn shop. This quick and easy way to make money off your vehicle is a great way to take the hassle usually associated with dealing with selling your car.