How to Pawn an Exotic Car Presented by Chapes-JPL
Introduction
THE “EXOTIC” PAWN SHOP Pawning an exotic car is not the kind of transaction you should carry out at a local pawn shop. An exotic car pawn is a highend specialty transaction that requires a reputable asset lender with experience appraising and storing exotic vehicles. Chapes-JPL is the nation’s premier asset lender and one of the few brokers in the nation that offers free car storage with any loan on a classic or exotic car.
WHY PAWN AN EXOTIC CAR? Chances are if you own an exotic car, you didn’t get it by toiling away as a low-level employee. An overwhelming portion of exotic vehicle owners are self-employed entrepreneurs with years of experience running successful enterprises. However, entrepreneurs sometimes have irregular cash flows and may need a loan for business opportunities or to bail themselves out of financial difficulties. Unfortunately, traditional banking establishments are not big fans of irregular cash flows when it comes to making loans.
Hello! I am Lee Benhayon I will be your presenter for today. You can find me at info@chapesjpl.com
1. QUALIFICATIONS What qualifies as an exotic car?
Exotic Car Qualifications
Limited Edition For your vehicle to qualify as an exotic, it must be out of the ordinary and there should be few cars around like it.
Expensive Exoticness doesn’t come cheap. A rule of thumb is that your car should be valued at more than $200,000.
Exotic Car Qualifications (cont.)
Stunning Design An exotic car should have a very unique look that can be described as “out of this world,” and more sophisticated than your average vehicle.
Plush Upholstery An exotic car is expected to have “state-of-the-art” and stylish interiors that dwarf those of standard cars.
Exotic Car Qualifications (cont.)
Robust Powertrain An exotic car, in comparison to a normal car, should have more emphasis on power and performance than to mileage or economy.
Personalized Exotic cars are not assembly-line creations; they are built and customized according to the needs and desires of buyers.
2. THE PROCESS The pawning process in 3 steps
How the Process Works
Appraisal When pawning an exotic car, it’s value must first be determined by considering the year, make, model, and overall condition based on market pricing. If the car is a classic model, however, most pawnbrokers will utilize specialist car auctions like Bonhams.
How the Process Works (cont.)
Storage After an offer has been made by the pawn broker, you must surrender the vehicle to the broker unless you’ve opted for a title loan. Your vehicle will then be placed in secure storage. It will remain there until you pay off your pawn loan in full.
How the Process Works (cont.)
Payment Once you’ve paid off your balance, you will receive your vehicle back the same day. If you’re unable to pay the full balance, some pawnbrokers like ChapesJPL will allow it’s clients to extend their loan term and pay only the accrued interest for that month.
Thanks! Any questions? Contact Us! Chapes-JPL 3355 Lenox Rd. NE #875, Atlanta, GA 30326 Tel: (404) 504-7021
About Chapes-JPL
HIGH-END PAWN SHOP Established in 1980 as an alternative to banks and traditional pawnbrokers, we provide low interest loans on jewelry, watches, exotic cars and other valuable assets. Our office in Atlanta, Georgia services over 18,000 customers nationwide.
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References
Benhayon, L. (2017, November 17). How to Pawn an Exotic Car (with images). Retrieved November 17, 2017, from https://chapesjpl.com/exotic-car-pawn/ Exotic car definition Archives -. (n.d.). Retrieved November 17, 2017, from http://exotic-cars.com/tag/exotic-car-definition/
Supercar. (2017, November 13). Retrieved November 17, 2017, from https://en.wikipedia.org/wiki/Supercar