ALL ABOUT CAR LOANS - CASHY
 "Autopfandhaus")
WHAT DOES A CAR PAWNSHOP DO?
Welcome to the CASHY car pawnshop. With us, you can use your car as collateral for a loan and borrow money from us unbureaucratically and without waiting - without a credit check, without income and with immediate pay out.
Simply enter your vehicle details in the calculator and find out how much money you can borrow for your car. You can reach our team with any questions about your car loan by phone and WhatsApp from Monday to Friday between 10:30 and 18:00.
CAN I CONTINUE TO USE MY CAR IF I PAWN IT?
Unfortunately, this is not legally possible in Germany.
WHAT REQUIREMENTS DO I HAVE TO FULFILL AND WHAT DOCUMENTS DO I NEED?
You must meet the following requirements to get a pawn loan from CASHY:
You are of legal age and resident in Germany
Your car is no more than 12 years old (except classic cars)
Your car must be registered in your name and registered in Germany
Your car must be in working order and have a valid MOT sticker
A spare key must be available for deposit at the pawnshop
The minimum payout amount is €1,000.
You must take the following documents with you to the inspection appointment:
Vehicle registration document
Registration certificate part I+II (vehicle registration document)
Valid TÜV sticker
Duplicate key
Purchase contract
Confirmation of registration
Official photo ID
HOW DO I PROCESS MY CAR LOAN?
To find out the maximum amount of money you can get for your car, enter your vehicle details in the car loan calculator. Then decide on a term and the desired amount, select a term and choose whether you want to continue driving your car or not. All fees for your car loan are then displayed transparently.
Shortly after your request, an employee will contact you to arrange a review appointment. After a successful check, you will receive your money.
HOW QUICKLY WILL I GET MY MONEY?
After your vehicle has been successfully inspected, you will receive your money either paid out immediately in cash or as a PayPal or bank transfer. In the case of a bank transfer, the money will usually be in your account the following working day.
What term does a car pawnshop offer?
The term for car pawnshops is 3 months and can be extended at any time.
CAN I PAY BACK IN INSTALLMENTS?
Although a classic installment payment is not possible in the pawn shop, you can also reduce your loan amount in parts when extending it - but at least the fees must be paid. The interest is then automatically adjusted to the new, lower loan amount.
WHAT DO I DO IF I CAN NO LONGER PAY?
If you can neither reduce your car loan nor pay the fees, a 4-week waiting period begins, during which you have the opportunity to make the payment after all.
Your car will then either be auctioned or sold for as much profit as possible. The surplus, minus the fees, will of course be paid out to you immediately.
CAR LOAN, SALE OR BANK LOAN?
Selling your car is the better option if you are patient and can do without your vehicle in the long term. However, if you urgently need money and plan to just borrow the money, a car loan is the better solution. It is important that you only use this option for short-term bridging, as the costs are higher compared to a longer-term bank loan.
Here you will find an overview of all the advantages and disadvantages:
AUTOPFANDHAUS | BANK |
|---|---|
You will be paid out your money immediately after the check. | Your loan must first be checked. The payout takes 5-10 working days on average. |
You get your loan without a credit check | Your credit rating will be checked with KSV or other registers. |
You don't need regular deposits into your account for smaller amounts | You need regular salary income from employment. |
Your financial situation remains completely anonymous for small loan amounts. | You must disclose existing loans and your most recent bank statements. |
You can continue to drive your car for the entire term. | Due to the longer term, lower interest rates are possible for a consumer loan. |
WHAT SHOULD I LOOK OUT FOR IN A CAR PAWNSHOP?
It is important that you choose a reputable provider for a car loan. You can recognize this by the following features:
Imprint and terms and conditions on the homepage: On the homepage of every reputable car dealership you should find the imprint with contact details and address and the terms and conditions.
Good customer reviews: You can find lots of feedback from customers on the Internet. A high level of customer satisfaction speaks for a car pawnshop.
Transparency: The fees should already be visible on the homepage of every good car pawnshop. This way you won't be surprised by hidden costs.
WHERE CAN I FIND CASHY LOCATIONS?
You can take out your car loan at the following locations in Austria:
CASHY Shop Munich: Implerstraße 7, 81371 Munich
CASHY Shops Berlin:
Plaza Frankfurter Allee 71-77, 10247 Berlin
Plaza Mehrowerstraße 20, 12687 Berlin (from March 2024)
CASHY Shop Essen: Am Handelshof 1, 45127 Essen
CASHY Shop CASHY: Severinstraße 80, 50678 Cologne