There are potholes in life. You can't always swerve to avoid them. Unexpected expenses like medical bills, student loan debt, and other bills often come out of nowhere. If you're considering pawning your motorcycle, this may be the quickest way to receive cash. You don't have to sell your motorcycle outright unless you want to, and you can earn cash the same day.
How to Pawn Your Motorcycle
The process of pawning a motorcycle is similar to that of pawning a car title. You'll need a clear title and a government-issued photo ID. Most pawnshops will only allow you to pawn your motorcycle if it is paid off and has no lien on the title, depending on state laws and the pawnshop dealer.
Once you find the best deal, your bike will be appraised in minutes.
You will receive your money after the contract is written. In the meantime, the pawnshop will store your bike in a safe and secure location. The term duration refers to the amount of time you'll have to repay the loan.
No problem if you opt to keep the money! You'll have time to secure your finances before returning your motorcycle if you want it back. There will be no negative credit checks or excessive wait times!
Tips for Getting the Most Money for Your Motorcycle
When it comes to pawning any item as collateral, you'll want it to appear well-kept and ready to get the greatest value possible. When your bike is clean and polished, has recently been serviced, and all of the necessary paperwork is in order, the amount of money you can get increases.
1. Clean Your Motorcycle
You'll want your bike to look as near as possible to how it did when you first saw it in the showroom. Scrub your bike well to remove any dirt picked up on the way. This will restore the lustre of your frame and gas tank while also increasing the value of your offer.
A well-kept motorcycle demonstrates to a motorcycle pawn business that you took care of it and that it will last a long time. Clean your motorcycle with a pipe and soap. The space under your seat, where mud and dust can accumulate, is an area that is often overlooked when it comes to cleaning. Make sure there is no calcium build-up on the battery terminals as well. If possible, we recommend removing any rust from chrome or metal parts and applying touch-up paint.
2. Get Your Motorcycle Mechanical Check Up
You should have your motorbike serviced on a regular basis so that the mechanic can check all of the essentials, such as the brakes, battery, oil, chain, tire pressure, and engine. If the motorcycle requires any modifications or has any flaws, the mechanic can correct them. Make sure you acquire the proof that you went to a mechanic for repair after they've completed all of this. It will be enough if you have a receipt from the mechanic. Proof of work guarantees a more appropriate offer.
3. Prepare The Document
Make sure you have evidence of ownership, financial information, warranty information, and service/maintenance documents on hand. Pawn Shops will refuse to conduct business with you unless you have all of the necessary papers, as it is against the state's and national laws. Pawn shops will trust you if you have documentation, and trust means a higher cash offer. If you need assistance obtaining documentation, a reputable pawn shop will point you in the appropriate direction.
It's a good idea to go with a motorbike pawn shop, which is experienced and trustworthy in motorcycle pawn loans. We're here to help you receive the money you need while providing exceptional customer service. Our experts can tell you how much your motorcycle is worth for a pawn loan in minutes, and you may leave our offices with the cash you need right away.
Don't waste another day worrying about how you'll get the money you need. Contact us online at our website. We look forward to working with you!
Contact us for further information
Phone - 1300 227 432
Email - bmuirhead@cashfast.com.au