Guaranteed your car for money: the guide to auto loan in France and Europe (Belgium, Switzerland, Germany) 4.5 (90%) 2 votes. Everyone at one time or another in his life may need money. When we have no savings, we can make a loan. Still, not everyone has the means to have a favorable response from his bank. To those, but also to those who want to go through another way, know that it is possible to trade his car for money. Gage a vehicle is something common in France, but also in other European countries, such as Belgium, Switzerland or Germany, or it is quite easy to find a car lender.

In France

In France

Why is car wagering an operation worth trying? Because his car will allow us to have at a key moment more purchasing power.

The deal is tempting, provided he quickly has the means to recover his vehicle. This may allow you to avoid disturbing your banker, especially if he is not well disposed towards you, that would be wasted time.

Finding a pawnbroker in France is quite easy, the Town Credit being the most famous of them, even if to our knowledge, it does not do in the means of transport. Once it is selected (never accept the offer of an individual) if the interest is worth it, the exchange is done: the money against the keys.

To recover his property, it will be necessary to return the capital and the interests in the time allotted, indicated on the contract. If you delay, you are likely to see your car go to auction, and there it will be another story to recover (the financial conditions may be much worse).

In Swiss

In Swiss

The practice is more common among our helvetic neighbors, especially when we approach holidays or holiday periods. Some have become accustomed to it, especially when they know how to wait for big money in a few months.

This helps to cope with the unexpected. Loans can be large, more than 60,000 euros, provided you have a car expensive to hire. For legal reasons, the lending companies are all under German law.

For who ?

Contrary to a popular belief, it is not people in need who do this in Switzerland, but rather those who urgently need cash, to invest in the stock market for example and not miss the good deal for lack of cash.

Expect to receive in cash approximately 60% of the value of the car on the day of the deposit (argus coast). In terms of costs, it will take quite high monthly interest as well as parking fees. In any case, we recommend that you do not exceed the debt ratio .

Good plan: the resulting auctions after 3 months, to buy your car cheaper abroad.

In Germany

In Germany

It is the star country in the field, the one where this practice has really entered the world, where the French are mostly in jewelry. So just cross the border to see how this market is developed in Germany, where pawnbrokers can be found in all major cities for a long time.

Getting to the point is to drop off your car at the warehouse, after agreeing to the terms by phone or e-mail.

This provides a quarterly loan that can be renewed once. Our advice: plan the train ticket to go home. Remember for all good purpose that the fees are high and this solution is advisable for the very short term, because interests are climbing fast!

In Belgium

In Belgium

Pawnshop exists there too, and that for several generations already. However, the country does not allow pawnbrokers to exercise, so you have to go to the official institution to change your jewelry or artwork for cash.

The same operation with a vehicle is not possible at the moment in Belgium. She does not offer a car loan at the moment. Also think of Loany for a micro credit.

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