Pawn Loans

How the Pawn Process Works

What Does It Mean to Pawn with Motor City Pawn Brokers
  • You bring in merchandise for a free appraisal
  • We come to an agreement on the loan amount
  • Motor City Pawn Brokers agrees to hold the merchandise for one year. Motor City Pawn Brokers only charges a 3% per month finance charge, which is a minimum/maximum APR of 36% for 12 months.
  • You return within 90 days and pay back the loan with interest and get your merchandise back. You may also opt to return within 90 days, pay the finance charge on the loan, and renew the loan for another 90 days.

OR You can elect to sell your merchandise outright. In this case we will appraise your merchandise and offer you a fair price.

  • Visit one of our four convenient locations!

Loan Calculator

Metro-Detroit’s #1 Pawn Shops

Did you know Motor City Pawn is the only pawn company in Michigan that allows you to pay down your loans?

— It’s similar to a layaway: come into the store, first pay off your interest that is due, then any additional amount of money can be put towards the principal of the loan.

— Do this is as many times as you want until your loan is paid back.

— Advantages – easier to retrieve or redeem your items, faster and fair. You are not stuck paying one lump sum when you want to come back and get it.

— Also if you happened to pay it down at some point and you wish you hadn’t because you need that extra money, simply come back into the store and increase your loan to the original amount and get the money back.

Motor City Pawn Brokers Products Sales Windows

Pawn Loans are Simple & Easy

  • No Credit Checks Required
  • No Background Checks Required
  • All Loans are kept Safe & Secure
  • We Offer Private Loan Rooms for High Dollar Transactions

We offer 3-month renewable collateral loans secured against personal assets including jewelry, autos, electronics, musical instruments, tools, firearms and more. All loans are renewable, meaning that all loans at the end of the term can be renewed by paying the minimal finance change. All items are evaluated by our well-trained and experienced brokers to ensure you get the most for your valuables. All jewelry items are kept in a secure vault with 24-hour surveillance and security. All non-jewelry items are kept in a clean and organized warehouse onsite. All items are fully insured and are untouched until item is redeemed.

Auto & Vehicle Pawns

Motor City Pawn Brokers is the industry leader in vehicle loans. Our state of the art facility offers customers to choose from secured indoor or outdoor storage. The process is simple and quick, and just like any other pawn loan it can be processed in minutes. If you own the vehicle and have a clean title we can give you the loan. Just give us a call or bring the car down and our certified vehicle professionals will appraise the car in minutes.

Here is a list of vehicles and equipment we accept for pawn:

  • Cars
  • Motorcycles
  • Boats
  • Trucks
  • Construction Machinery
  • ATV’s
  • ORV’s
  • RV’s
  • Trailers
  • Skid Loaders
  • Commercial Lawn Equipment
  • Snowmobile
  • Large Equipment
  • Other Vehicles