We offer our classic pawnbroking product in special cases and not at every location. Thanks to our license to conduct pawnbroking business, all requirements of the Pawnbroking Ordinance are always met. Your vehicle will be stored securely in one of our protected halls. The pawn ticket includes the assessed condition of the pawned item, the completeness of the documents, and the total monthly costs (interest, fees, storage fees). Throughout the entire term, your vehicle is insured by us for twice its mortgage lending value.
The basic requirement for concluding a pledge agreement is that you are the registered keeper and owner of the vehicle. In addition, the current market value of the object to be pledged should be at least €30,000. The exact payout is determined after the vehicle has been assessed by our branch manager on site.
In this case, it is a pawn transaction, which cannot be compared to our continue driving product. With the continue driving option, you sell your vehicle to us and then lease it back. We would be happy to advise you by phone or in person at one of our branches throughout Germany about our products and the respective advantages for your current situation.