Car deposit: quick way to get money!

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If you urgently need money, there are various options. From borrowing money from friends and family to loan from a bank. But if you don't want that or if you don't get a loan due to poor creditworthiness, it can get tight. But if you have a car, it may be the financial solution. And here we are not talking about selling his car, but only about a car deposit. So you remain the owner of your car.

This is a car deposit

Car pawn shop 2

With a car deposit you can lend your car to a car pawnshop. The amount of the loan depends largely on the vehicle. Various factors play a role here. Such as the year of construction of the car, but also the model, the performance, the equipment and ultimately, of course, the condition. When it comes to the condition of the car, both the interior and exterior appearance are decisive. Damage to the paint or even accident damage can significantly reduce the value of a car. Basically, all of the factors that are important to you car sales be considered. Based on these factors, a car pawn shop evaluates the vehicle. The resulting value is then the loan you get for your car. With this variant, Schufa information or an entry of the deposit in a public register or the like is made will not.

Deposits and car pick-up

Sell ​​Car Sale Car

Depending on the car pawnshop, the rating of a car can vary. There may also be differences, for example regarding the duration of the deposit, but also the repayment and fees. Here it is advisable to take a closer look at the offers of the car pawnbrokers and their conditions. Depending on the car pawn shop, for example, there is also the possibility, for a fee, to extend the deposit period. Of course you can always pick up your car again. This requires that you pay the borrowed amount and the fees / interest / expenses. The car remains with the pawnbroker for the duration of the deposit, who can park it safely. If you do not pick up your car after the deposit period has expired and you do not extend the deposit period, the pawnbroker usually has the right to sell the car.

Drive on instead of car deposit

There are different variants of the vehicle deposit. For example, you can continue driving instead of mortgaging the car. This is a way to get cash to bridge a financial bottleneck, but at the same time you can continue to drive the car. If you depend on the vehicle, this is a practical method. The variant is often advertised as a Sale & Rent Back contract. Basically, borrowing from a car is a good way of getting money. You bridge financial bottlenecks and are not forced to sell cars.

We hope that you the info report on the topic / term auto Pawn (Further designations / keywords: Car loan, car pawn shop, mobile deposit, car pawn shop, car pawn shop) from the field of autotuning. Our goal is that the largest German-language tuning dictionary (Tuning Wikipedia) and to explain tuning terms from A to Z easily and understandably. Almost every day we expand this lexicon and how far we are, you can HERE see. Soon the next one will be Tuning scene concept be illuminated by us. By the way, you will be informed about new topics if you have ours Feed subscribe to.

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a comment

  1. My uncle is currently in need of money. Because he has two relatively modern cars, I suggested the car deposit option. He was unsure of the amount of money he could get for his cars. Good to know that the year of manufacture, the model, the performance and the equipment are decisive. His cars are very modern and he takes good care of them, so car deposit could be an option for him.

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