Terms and condition

Terms & Conditions

Last Updated: [16/01/2026]

These Terms & Conditions govern the use of the website and services provided by We Pawn Cars. By accessing this website or using our services, you agree to be bound by these Terms & Conditions.

If you do not agree, please do not use our services.

1. Nature of Services

We Pawn Cars provides private, asset-backed loans secured against movable assets, including but not limited to:

Cars (normal and luxury)
Motorcycles and bikes
Bakkies and commercial vehicles
Boats and watercraft
Gold and approved high-value assets

All services are offered by appointment only and subject to verification.

2. Loan Agreements

Loan amounts are determined based on asset value, condition, and market factors.
All loan terms, interest, fees, and repayment conditions are clearly documented in a written agreement.
No loan is granted without a signed loan agreement.
Assets remain the property of the client for the duration of the loan, subject to the terms of the agreement.

3. Valuations

All valuations are market-based and conducted at our discretion.
Valuations are estimates and may differ from retail or resale values.
We Pawn Cars does not guarantee any specific loan amount.
Acceptance of any valuation is voluntary.

4. Asset Storage & Insurance

Where required, pledged assets are stored in secure facilities.
Insurance coverage may apply during the loan term, subject to the loan agreement.
We Pawn Cars is not responsible for pre-existing damage or undisclosed issues.

5. Repayment & Default

Loan repayment terms are agreed upon in writing.
Failure to repay within the agreed term may result in enforcement actions as outlined in the loan agreement.
We Pawn Cars reserves the right to recover outstanding amounts in accordance with applicable laws.
Extensions or renewals are subject to approval.

6. Client Responsibilities

Clients must:

Provide accurate and truthful information
Prove legal ownership of the asset
Provide valid identification
Disclose any liens, finance, or legal restrictions on the asset

Failure to comply may result in termination of the agreement.

7. Privacy & Confidentiality

All client information is treated as confidential.
Personal and asset information is used solely for service provision.
We Pawn Cars does not publicly disclose client details.
Privacy is governed further by our Privacy Policy.

8. Website Use

Website content is for informational purposes only.
Submitting an inquiry does not guarantee loan approval.
We Pawn Cars reserves the right to modify website content without notice.
Unauthorized use of this website is prohibited.

9. Limitation of Liability

To the fullest extent permitted by law:

We Pawn Cars is not liable for indirect or consequential losses.
Liability is limited to the scope of services expressly agreed upon.
No guarantees are made beyond the written loan agreement.

10. Regulatory Compliance

All services are conducted in accordance with applicable laws and regulations. Clients are responsible for ensuring compliance with their local legal obligations.

11. Amendments

We Pawn Cars reserves the right to amend these Terms & Conditions at any time. Continued use of services constitutes acceptance of updated terms.

12. Governing Law

These Terms & Conditions are governed by the laws of the applicable jurisdiction in which the services are provided.

13. Contact Information

For any questions regarding these Terms & Conditions, please contact:

📧 wepawnc@gmail.com
📞 [078 387 7225]

PRIVATE ASSET-BACKED LOAN AGREEMENT

(South Africa – Discretionary / Asset-Based)

This Agreement is concluded on [ ]

1. PARTIES

Lender:
We Pawn Cars
(“the Lender”)

Borrower:
Full Name: __________________________
ID Number / Registration Number: __________________
Residential Address: _____________________________
(“the Borrower”)

2. PURPOSE AND NATURE OF AGREEMENT

2.1 The Lender provides private, asset-backed lending services secured by movable property.

2.2 This Agreement constitutes a secured private loan based primarily on the value of the pledged asset and not on the Borrower’s affordability or credit profile.

2.3 Nothing in this Agreement constitutes financial advice, investment advice, or a credit guarantee.

3. LOAN DETAILS

Loan Amount: R __________________
Commencement Date: ______________
Loan Term: ______________________
Repayment Date: ________________
Total Repayment Amount: R _____________

3.1 All fees, interest, and charges are disclosed to the Borrower prior to signature.

3.2 The Borrower confirms understanding of the total repayment obligation.

4. SECURED ASSET (PLEDGE)

The loan is secured against the following asset:

☐ Motor Vehicle ☐ Motorcycle ☐ Bakkie ☐ Boat ☐ Gold ☐ Other

Asset Description:
Make / Model / Year: _________________________
VIN / Engine / Serial Number: __________________
Registration Number (if applicable): ___________
Condition at Intake: __________________________

4.1 The Borrower warrants that:

They are the lawful owner of the asset
The asset is free of finance, liens, or encumbrances unless disclosed
The asset is not subject to any dispute, seizure, or legal claim

5. VALUATION

5.1 Asset valuation is conducted at the Lender’s discretion based on:

Market conditions
Condition and demand
Risk profile

5.2 Valuations are not retail, resale, or insurance values.

5.3 The Borrower voluntarily accepts the loan amount offered.

6. POSSESSION, STORAGE & INSURANCE

6.1 Where applicable, the asset shall be placed in secure custody for the duration of the loan.

6.2 The asset remains the property of the Borrower, subject to the Lender’s security interest.

6.3 Insurance coverage, where applicable, is limited to terms outlined separately.

6.4 The Lender is not liable for:

Pre-existing defects
Undisclosed mechanical or structural faults
Normal wear and tear

7. REPAYMENT

7.1 The Borrower agrees to repay the loan in full on or before the repayment date.

7.2 Early settlement may be permitted, subject to agreed terms.

7.3 Loan extensions or renewals require written approval and may incur additional charges.

8. DEFAULT

8.1 The Borrower will be in default if:

Payment is not made on the due date
Ownership representations are false
The asset is unlawfully encumbered or disposed of

8.2 Upon default, the Lender may, subject to applicable South African law:

Enforce its security interest
Sell or dispose of the asset to recover amounts owed

8.3 Any surplus or shortfall will be dealt with in accordance with law.

9. NATIONAL CREDIT ACT (NCA)

9.1 This transaction may fall outside the National Credit Act, 34 of 2005, depending on:

The nature of the Borrower
The value of the agreement
The asset-based structure of the loan

9.2 Where applicable, the parties agree to comply with the NCA.

10. BORROWER DECLARATIONS

The Borrower confirms that:

They understand the terms of this Agreement
No pressure or undue influence was applied
They enter into this Agreement voluntarily

11. CONFIDENTIALITY & POPIA

11.1 All personal information is processed in accordance with the Protection of Personal Information Act (POPIA).

11.2 Information is used solely for:

Loan administration
Legal compliance
Risk management

12. LIMITATION OF LIABILITY

To the extent permitted by South African law:

The Lender is not liable for indirect or consequential damages
Liability is limited to the terms expressly agreed herein

13. GOVERNING LAW & JURISDICTION

This Agreement is governed by the laws of the Republic of South Africa.

The parties consent to the jurisdiction of South African courts.

14. ENTIRE AGREEMENT

This document constitutes the entire agreement between the parties.

No amendment shall be valid unless reduced to writing and signed by both parties.

15. SIGNATURES

BORROWER
Signature: __________________________
Name: _____________________________
Date: _____________________________

LENDER
Signature: __________________________
For: We Pawn Cars
Date: _____________________________

For email or Print out for filing

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