How does an Auto Storage Loan work?

 Auto Pawn Loan Cash

 

A storage loan is a flexible option for borrowing money against something you own. At GSA Business Loans, LLC, we’ll loan on your car, truck, motorcycle or other automobile to get a check in your hand today.

Technically, a loan is money you receive against the value of your property. You can decide to get the property back by repaying the loan along with the fees (like interest) within a four-month period.auto pawn loan cars


But, you do not have to pay it back, and you have no liability or obligation, if you decide not to pay. If you don’t pay the pawn back, the car, vehicle or other asset belongs to us, and we will then sell it to get our money back. It’s fast, simple and easy.

GSA Business Loans, LLC can loan from $2500 up to $100,000 on most vehicles. We’ll store your vehicle in our secure facility, and you’ll have 4 1/2 months (136 days) to redeem the loan.

There are no monthly auto storage loan payments required. You decide how long that you want to borrow the money; between 1 month to 4 1/2 months. You simply pay us back when you redeem your car. It’s like renting money; you only pay for the amount of time that you’ve borrowed the money.

Flexible Payment Options:

Auto Pawn Loan Flexible Option Payments

Flexible Option Payments – Auto Pawn Loans

We work with our customers and provide multiple payment options.

  • Car payment amount & interest on loan will get you an extension on your loan.
  • Pay the balance at the end of the loan term.
  • We work with you on customizing your payment options to find a plan that works for you.
  • Or, don’t pay the loan back…

Loan Extensions:

Additionally, if you’re not able to pay back the entire loan amount after the 4 1/2 month period you may, at your option, choose to pay only the loan fees plus the car loan payments made, without re-paying any of the principle amount borrowed. Then, you may Re-Write the loan for another 4 1/2 month period, so that you may have the extra time that you need. All of this can be further explained by your Loan Agent.