Individuals who close a new loan with PawngoTM or Lux ExchangeTM by April 17, 2018, will receive a reduced rate of 15% off their monthly fee for the entirety of the loan
Denver – April 10, 2018
Luxury Asset CapitalTM, a leading online provider of alternative financing, today announced a new tax-season special aimed at helping individuals cover their tax bills. Clients who close a new loan with PawngoTM, the first and largest online pawn shop in the United States, or Lux ExchangeTM, a targeted collateralized financing service for upper-income individuals and businesses, by April 17, 2018, will receive a reduced rate of 15% off their monthly fee for the entirety of the loan. Combined with Luxury Asset Capital’s industry-leading low interest rates of 1.5 percent/month, the tax-season special further establishes a collateralized loan as an effective short-term financing strategy at tax time, one with virtually no paperwork, no credit checks, lengthy waiting periods or further tax implications.
During this time of the year, some Americans, even wealthy ones, may find they have a larger than planned for tax bill and borrowing against a luxury asset is the fastest method to receiving an infusion of capital when traditional forms of financing cannot deliver short-term capital with necessary speed, convenience, or discretion.
“Tax season is always a peak demand period in our business and this year has been no exception. We reduced our interest rates, which I believe were already the lowest in the industry, to provide the maximum help to taxpayers dealing with larger than anticipated tax bills,” said Dewey Burke, President and Chief Executive Officer of Luxury Asset Capital. “We understand that tax season can be a difficult time of the year. Whether you owe more than you were expecting or find that your access to capital has changed, we provide an attractive alternative to selling stock or tapping into retirement savings to cover a tax bill. Unlike those options, financing through us leverages your past purchases, not your financial future.”
Luxury Asset Capital provides cash in amounts ranging from thousands to millions of dollars in exchange for assets that are high in value but low in liquidity. The items most commonly collateralized are fine jewelry and diamonds, watches, and designer handbags, but also include collectable cars, art, gold and silver, and more.
Doing business with Lux Exchange and Pawngo is straightforward and discreet, requiring little paperwork, no credit checks, no individual or business income information, and no application or administration fees. Transactions can be executed in as little as one business day. keating think. say. hear.
About Lux Exchange
Lux Exchange is an online service that provides capital to individuals and businesses in exchange for luxury assets that are held as collateral. Lux Exchange provides capital when traditional channels of financing are either too slow, invasive, burdensome or in some cases, unavailable. Transactions are executed in as little as one business day and generally range from $2500 to $5,000,000 or more. For more information, please visit: www.theluxexchange.com
Pawngo was the first online pawnshop in the United States. Founded in 2011 in Denver, Colorado, Pawngo launched the concept of borrowing money online using your luxury assets as collateral. As the largest online pawn shop in the United States, Pawngo help individuals and families of all income levels get the capital they need quickly, without any risk to their credit, paychecks or personal financials. For more information, please visit: www.pawngo.com
About Luxury Asset Capital
Luxury Asset Capital is a leader in the alternative financing market. Through its online platforms, Lux Exchange and Pawngo, the company provides capital to individuals and businesses in exchange for luxury assets that are held as collateral. Transactions are executed in as little as one business day and generally range from $2500 to $5,000,000 or more. For more information, please visit: