The service provided by Perfect Pawn to pawn cars, and to pawn vehicles provides a unique opportunity for owners of Passenger and commercial vehicles to unlock cash and value of thee vehicles that are completely or partly paid off. To Pawn a car and pawn vehicles your asset must be completely or partially paid off. We will still pawn a car and pawn vehicles should you still owe money to the bank, as long as there is equity (value) in the pawn car.
Step 1: You contact our offices for am appointment to pawn a car
Step 2: You fax email your vehicle registration papers for the car pawned.You email a photo of the vehicle where possible
Step 3: We conduct a HBA ( clearance) on the pawn car .
Step 4: We invite you to our office to sign the pawn car agreement , you bring the original papers of the pawn car with you to the meeting.
Step 5: You collect the cash or electronic transfer for the pawn car or pawn vehicle and your pawn car is kept in our storage facility for safe keeping
Valuing a used car is both objective (year, make, and model) and subjective (appearance and condition). Normally, this would not be an issue if all cars were identical. Unfortunately, used cars are all very unique.
While two cars may be identical in age, outward appearance, and options, their values may be very far apart on the secondary market. This requires nearly all used cars to be valued individually to establish pricing.
There are three different established price levels when discussing used vehicles:
Trade-in – The value a dealership will give you when you trade-in, or give, the used car to the dealer in exchange for cash or a down payment on another vehicle. A trade-in value is typically 20% lower than private party values.
Private Party – The value a private individual can expect when selling to another private individual. Many consider private party values a baseline.
Retail – The value a dealership or used car lot will assign to the vehicle. Used cars sold at “retail value” will often have been reconditioned, carry a warranty, or both. Their prices may be up to 20% higher than private party values.
By: Keith Griffin
Used Cars Guide
This vehicle would be in exceptional shape in all aspects. The engine runs well and its maintenance records are complete. The tires match and have lots of tread on them with no uneven wear patterns. The inside and outside are free of damage. The car’s paint has no flaws and is free of excessive chips and dings. The title is clear and the car can pass all required local and state inspections. According to kbb.com, only 5% of all used cars fall in this category. Is your used car really better than 95% of its peers?
This ranking applies to cars that show wear consistent with their age. There are no major mechanical or cosmetic problems. The paint still looks good, but possibly has some scratches or dings. Some minor touch up might be needed. The interior has minimal wear on the seats and carpet. The tires are in good shape and have some life left to them. A four-star car ideally has its maintenance records available, a clean title, and can pass inspection.
A car with this rating might have a few problems that may require a small investment to fix. Maybe the exterior paint has faded. There could be lots of scratches and dings – even a small dent or two. The interior dash and seats may have a worn, faded look to them. The tires are probably past their prime but still safe. Maintenance records probably don’t exist but this car has a clean title and can pass state and local inspections.
To paraphrase Ralph Nader, this car is unsafe at any speed. It has substantial mechanical problems or body damage that make it inoperable. The exterior and interior show signs of wear and damage. The tires are bald and unsafe to operate. Vehicles in this category also have branded titles (salvage, flood, frame damage, etc.) and will need major, costly repairs to pass inspection.
By: Keith Griffin
Used Cars Guide