Contractual Agreements

Insurance Disclaimer

The vehicle is held by the Pawnbroker as bailee for value and the Pawnbroker will take reasonable care of the vehicle. The Pawnbroker is not under an obligation to take any special care of the vehicle and will not ensure the vehicle for the purposes of it being driven on a public road. However, it will be insured for its replacement value during the period it is stored in our designated storage facility. The customer may also wish to take steps to insure the vehicle directly.

Please note that under the terms of any existing insurance policy you hold in respect of the vehicle you may be required to notify your insurer of the terms of this contract, including the storage location of the vehicle for the term of the agreement. You are responsible for any taxes, including road tax, payable in respect of the vehicle. You must notify the Pawnbroker immediately if you make a statutory off-road notification (SORN) to the DLVA in respect of the Property.

Representative Example:

If you borrow £20,000.00 over 6 months at a flat rate of 60% per annum (fixed) with a Representative 69.0% APR, you will make one repayment of £26,000.00. The total amount repayable will be £26,000.00, including £6,000.00 interest. The total charge for credit is £6,000.00. Pawnbroking repayment terms are available for 6 months only. The maximum APR is 93.2%.

During the term of the agreement, your asset is pledged to Silverline Autos Limited as security.

You have 15 days to withdraw from signing a new agreement, with interest payable for the days the loan is outstanding. Complaints can be sent to info@pawnyourcar.co.uk.

⚠️ YOUR LOAN IS SECURED AGAINST YOUR ASSET. FAILURE TO REPAY UNDER THE TERMS OF THE AGREEMENT MAY RESULT IN YOUR ASSET BEING SOLD.