What is an Auto Pawnshop? How does a car pawnshop work? The interest rate of lending in a car pawnshop.

Specialized in issuing Money secured by a car.

Moto and hydraulic equipment (boat, jet ski), as well as buses and special equipment can also act as collateral. The car pawnshop provides short-term credit loans in the amount of 40 to 80% of market value collateral at a certain percentage. At the same time, a short-term loan agreement is drawn up, fixing the rights and obligations of both parties.

A feature of car pawnshops in comparison with other credit organizations is high speed loan processing and the minimum number of required documents. To get a secured loan, as a rule, it is enough to present a passport and documents for the vehicle. The assessment is carried out on the spot and does not take much time. On average, the execution of all documentation and the issuance of a loan in a car pawnshop is carried out within 1 hour.

Taking deposit vehicles, the pawnshop guarantees the safety of property: the car is placed in a guarded parking lot and at the same time an acceptance certificate is drawn up, where the mileage, the presence / absence of damage and other important information about collateral.

More recently, companies have emerged that provide loans secured by cars, allowing the owner to continue to use the vehicle. This service is called "Auto Loan". And now the owner does not have to leave his car in the parking lot of the Autopawnshop.

Conditions

The car pawnshop issues a loan secured by new and used cars of domestic and foreign manufacturers passed customs control. The interest rate is set based on the cost of the car, its age, condition, liquidity, as well as the terms of the loan. Depending on the car pawnshop, the interest rate may also include the cost of storing and insuring the vehicle. As mentioned earlier, a car pawnshop involves storing a car in its parking lot, but currently there is a service that gives the client the opportunity to use his car for personal purposes. Such a service is not a classic pawnshop lending scheme, but is undoubtedly a more convenient scheme for the client.

Services

• Express loan secured by a car
• Urgent car purchase
• Free estimate
• Auto insurance of cars accepted for storage

Story

Loans secured by property were first established in France in the 15th century by usurers who came from Lombardy, where the word "pawnshop" comes from. The automobile pawnshop first appeared in the United States more than half a century ago. The idea of ​​issuing loans secured by a car turned out to be so successful that in just a few years, car pawnshops spread not only in America, but also in Europe. In Russia, the first car pawnshops appeared no more than 10 years ago, first in Moscow, and then in others major cities countries. The simplicity and efficiency of obtaining a loan, an adequate assessment of the cost of a car, a low interest rate and reliable guarantees of the security of the transaction - all this was appreciated by Russian car owners. Currently, the number of car pawnshops in Russia is increasing every year, and residents of not only megacities, but also small towns of the country can now get an express loan secured by a car.

The situation when money is needed is a very common case. There are quite a few options for solving this problem, and everyone has their own, but there is one that many people remember - a pawnshop. And recently, a car pawnshop has also appeared. But before contacting this structure, it is useful to find out what are the criteria that should be followed when choosing one or another office.

Benefits of a car pawnshop

The main advantage of a car pawnshop is a real opportunity to quickly and easily receive a fairly large amount of money in cash. It is impossible to obtain such an operational loan in any banking institution. Wherein private company, issuing a loan, is not even interested in the purposes for which it will be spent. The amount of the loan is determined by the amount left as collateral, and can range from 40% to 90% of this amount. At the same time, the interest rate varies in different pawnshops from 1 to 6% per day.

The only condition is that the borrower's car must be located at a special site equipped by the lender until the debt is repaid. She in without fail system and reliable protection car from impact environment. Thanks to this, the return of a serviceable car to the client after repayment of the loan is guaranteed.

However, some car pawnshops practice the use of auto-pledge services. Its essence lies in the fact that the money is issued to the owner of the car without placing it in the parking lot of the pawnshop, that is, it remains with the owner. True, in this case, the percentage of the loan increases.

Before parking the car, the representatives of the lender and the borrower take readings from the speedometer of the distance traveled, which are necessarily displayed in the contract. This allows the client to verify, upon receipt of his vehicle, that it has not been driven during the time it was used as collateral.

I must say that in a car pawnshop it is not always possible. There are several requirements for cars:

I. Firstly, the car must be 100% liquid, that is, one that can be sold if necessary without any problems.

II. Secondly, the service life domestic car should not be more than seven years old, and foreign - ten.

III. Thirdly, the higher the price at which it was purchased, the more reluctantly it is accepted by car pawnshops as collateral.

Differences between a loan at a car pawnshop and a loan at a bank

If carried out comparative analysis conditions for obtaining a loan in the banking system and a loan in a car pawnshop, the following advantages will immediately be determined:

I. In contrast to the process of obtaining a loan from a bank, which full check the financial condition of the borrower, in the car pawnshop the required amount is issued without presenting sufficient a large number financial documents.

II. If the bank requires waiting for a decision on issuing a loan for several days, then the car pawnshop issues the requested amount after only two hours.

III. Banking rules require the regulation of the loan amount in accordance with their interests, and the car pawnshop is ready to issue a loan, the amount of which can be up to 90% of the market value of the car.

IV. The car pawnshop is obligatory to carry out insurance of the subject of collateral, which in this case is a car, for an amount equal to its full value. And this is done at the expense of the lender.

V. As a pledge in a car pawnshop, even a car can be used, for which it is still issued by a tank for its purchase. And some pawnshops even practice issuing secured loans. broken car or emergency, but it is quite natural that in these cases the limit is significantly reduced.

Negative aspects of obtaining a loan in a car pawnshop

This type of cash loan from the point of view of the borrower has its negative sides:

I. The biggest disadvantages of loans secured by a car should certainly be considered the interest rate set by the bulk of car pawnshops. Often unscrupulous firms are also skillfully hiding various additional payments and commissions not specified in the terms of the contract.

II. Leaving the car as collateral in such pawnshops, sometimes the owner cannot receive the promised 90% of its market value and is forced to be content with an amount of seventy to eighty percent.

III. Sometimes "cunning" owners of car pawnshops manage to burden an ignorant client with payment for services provided in a guarded parking lot.

What documents are provided for obtaining a car pawn loan

Today, car pawnshops offer a fairly simple and quick scheme for issuing money on bail. This requires the presence of a minimum number of documents:

1. A valid passport proving the identity of a citizen of the Russian Federation.

2. Help containing identification code borrower issued by the tax office.

3. Documents certifying that this car is the property of the borrower.

4. Certificate confirming that the car is registered with the authorities.

However, to obtain a loan in some car pawnshops, it is enough to have general power of attorney. However, the decision to issue a loan in this case is made solely by the management of the pawnshop.

How the activity of the car pawnshop is built

First of all, representatives of the car pawnshop make a thorough inspection of the collateral, that is, the car. Its age is also determined, on which, as mentioned above, it largely depends on whether the car can appear as collateral or not. And therefore, in order not to waste time in vain, before going to this kind of institution, you should call there and clarify the nuance about the age of the car. It should be understood that the age limit may vary depending on the wishes of the owners of the pawnshop.

After the assessment of the value of the car, which is carried out by experts in technical condition, and the lawyers will check the car for its mention in the list of stolen or wanted, an assessment of the car is carried out. At the same time, the maximum possible loan amount is also determined and an appropriate agreement is drawn up, in which, in addition to the obligations assumed by the recipient of the loan, those that must be fulfilled by the lender must be indicated.

Owning a car is a financial asset that can be used to raise some money during times of temporary financial trouble. There are two main short-term loan options on the market that you can use.

The most popular financial product is a car loan, which can be provided by a bank. They are, above all, history and trust in the borrower. That's why getting a short-term loan from a bank is a rather troublesome business, which takes some time.

An alternative to quick cash is a car pawnshop, where no one asks for wages, does not hide additional payments and does not require a lot of documents. , as a rule, receives no more than 50% of the market value of vehicles for a period of one month with the possibility of extending the repayment period.

Today in Russia, unlike in the West, the car pawn business is just beginning to develop, so its share in the entire turnover of the pawn business does not exceed 2%. Their entire field of activity is regulated by legislation, which gives them the right to short-term loans, storage of property, as well as the provision of consulting services.

Therefore, if you urgently need cash and decide to use the services of a car pawnshop, you should evaluate all the shortcomings of this type of urgent lending.

A loan secured by a car in a car pawnshop - fast, safe, transparent

A car loan is not a typical short-term bank loan. Pawnshop owners position it as a fast and effective method cash receipt, which is ideal for a period of a few days to a couple of months. This a simple type of loan can be issued by almost all segments of the population- from highly paid workers to employees and workers.

Video about car pawnshops:

What type of transport can be left on bail?

Each car pawnshop works according to its own scheme and according to its own conditions. But you can always find companies that will take bail, except for a car:

1. Cabriolet.
2. SUV.
3. Scooter, motorcycle.
4. Construction and agricultural machinery.
5. Boats, boats.

Required documents

The list of documents required to apply for a loan secured by a car may also differ from person to person. different companies. Mandatory List as follows:

Per vehicle:

• vehicle passport;
• vehicle registration certificate;
• original to confirm ownership of the vehicle.

For ID:

• passport of a citizen of the country;
• driver's license.

Some car pawnshops will require additional documents.

Determination of the loan amount

The amount of the loan is determined by the employee of the car pawnshop after the diagnosis of the car. Its value depends on several factors:

• the market value of the car;
• performance or;
• year of manufacture and mileage of the car;
• the time spent by the car in the country;
• two sets of keys.

The scheme of issuing a loan secured by a car in a pawnshop

Step 1. Choosing a trusted car pawnshop

Since this type of business is just beginning to develop, you should carefully study the offers of this market segment. To get a good value for money, you first need to choose a reliable car pawnshop.

The best way, of course, are personal recommendations from acquaintances and friends. You can also look through the pages of newspapers with ads or do a search on the Internet.

In the case of financial turnover, opt for those companies that have been operating for a long time. Such car pawnshops have customers who can leave their feedback about their work.

Until the completion of the transaction feel free to ask all the nuances and details, the amount of money they are going to give, and what are the terms of the loan. Each car pawnshop evaluates cars differently, offers its own interest rates and diagnostics, on which the loan amount will depend.

Step 2. Testing the car

The car pawnshop accepts both new and used cars on bail. , as a rule, are handled by specialists of the company itself. In exceptional cases, they can accept a documentary examination of the car by professionals. Without fail, the car pawnshop sends the car for forensic examination. The cost of diagnostics is covered by a fixed percentage or is done at the expense of a car pawnshop.

Step 3. Signing the contract

After diagnosing the car, the pawnshop sets the loan amount and checks the documents provided. The contract, which is regulated by law, is quite transparent and can be concluded for a period of 1 month. In principle, the execution and signing of the contract takes a small amount of time.

Step 4. Issuance of funds

After the borrower's car is sent to the parking lot, and the agreed amount is given to the client himself. Money can be transferred to bank card or handed out. The lender pays for car insurance and parking.

Advantages of car pawnshops over a bank loan

Unlike pawnshops, a bank and a credit union issue short-term loans at higher interest rates, arguing that such loans are unprofitable for them. In addition, obtaining such a loan still requires lengthy data processing. And in cases where the credit history is negative, it is almost impossible to get money from the bank.

Clients of pawnshops in such cases do not know problems. Creditworthiness is checked within minutes when you take out a car loan. In addition, there is the possibility of obtaining large sums. It all depends on the condition of the vehicle itself.

In the car pawnshop there are no age restrictions, they work with any citizen who has a Russian passport.

Unlike bank loans, there are no additional and hidden payments in a car pawnshop. The interest rate is regulated by the Federal Law "On pawnshops".

Disadvantages of car pawnshops

The disadvantages, when a loan secured by a car is issued at a pawnshop, is the possibility of losing the car in case of non-payment of the loan amount. In case of delay in payment of the loan together with interest, the borrower is given another 1 month to repay the debt. Otherwise, the car pawnshop takes ownership of the car, paying the defaulter its residual value.

Video about pawning a car in a pawnshop:

In addition, the borrower cannot use his car while it is under bail at the pawnshop. The car, for which the employees of the company are responsible, has been standing in a round-the-clock guarded parking lot all this time.

Today, car pawnshops are becoming a quick and easy way to get cash. The key to successful lending depends on the right pawnshop, studying its offers and timely repayment of the debt. Everything else will be done by the employees of the company. Have you used car pawn shops?

Increasingly, ads like “sale of car pawnshop cars”, “car pawnshop on bail” come across on the net - but not everyone knows exactly what the essence of the work of a car pawnshop is. This article is addressed to those who are going to sell or in a car pawnshop. You will learn how to choose the right car pawnshop so as not to get into trouble and not lose your car. What are the stages of checking a vehicle and its owner by a car pawnshop; learn about the history of car pawnshops.

So, an automobile pawnshop is an organization that issues short-term loans secured by various vehicles. Most often, of course, cars are accepted on bail - but recently, many car pawnshops lend money on the security of motorcycles, special equipment, and, in some cases, even boats, ATVs and snowmobiles.

If you decide to use the services of a car pawnshop, the first thing to do is to make sure it is reliable. To do this, you need to understand what exactly the purpose of the car pawnshop is, or rather, how it receives the main profit from transactions with its customers. And the methods can be different, and they will also be discussed in this article.

The emergence of a car pawnshop

Lombard as a structure first appeared in France a long time ago - back in the 15th century. Traders from the region of Lombardy for the first time began to offer people loans secured by property - movable and immovable. At that time, horse-drawn carts were also considered movable property - that is, we can say that such transactions can be conditionally called the first car loans.

In the early 50s of the twentieth century, the first specialized car pawnshop was opened in the United States, which still exists today. At that time, unlike the Land of the Soviets, every third American with an average income could afford to buy a car - so this business quickly flourished. Very soon, the system of car pawnshops was appreciated in Europe. But on the territory of Russia, such organizations appeared relatively recently - 10-12 years ago - and for the first time they were located exclusively on the territory of Moscow and St. Petersburg. IN last years automobile pawnshops began to open everywhere, and now exist in almost any city, helping car owners get out of difficult financial situations with the help of their four-wheeled friends.

Choosing a car pawnshop

In some cases, the main source of profit is the interest that the client pays for the amount received on the security of the car. Sometimes these are fines that the car pawnshop imposes on its customers for late payments - such organizations issue 60-70%.

Or maybe this is the profit received by the auto pawnshop from the sale of an unredeemed vehicle. In this case, the car pawnshop lends out a small amount (no more than 50% of the market value) and sets the maximum percentage of payments, hoping that the borrower will not be able to pay off the loan and the car can be sold (naturally for one hundred percent value). car pawnshop - the main "bread" of these institutions.

Please note that it will be safest to trust a car pawnshop, the main profit of which consists of interest paid by borrowers. Such pawnshops issue maximum amount from the cost of your car at low interest rates, hoping that the client will cope with the payments. Their activity is aimed at attracting a large number of customers, from which the profit is formed. The annual interest rate does not exceed 4-7%, and occasionally it can even reach 3% of annual payments from the amount issued on security.

At the same time, it is worth noting that car pawnshops of this kind conduct the most detailed check of the borrower, unlike the others.

After the borrower - he gets back his car. Although for those motorists who cannot imagine life “without wheels”, there is an option for auto pledge, in which the car remains with the borrower for the entire loan repayment period. Of course, in this case, the interest on the loan becomes much higher, which you should also remember and correctly calculate your financial capabilities.

Mandatory check of the car and the borrower

In order for a vehicle to be accepted by a pawnshop as collateral, there are a number of conditions. The first of them is the liquidity of the car - in case of a trouble-free sale of it by a pawnshop, if the borrower is unable to repay the loan. under the car domestic production you will be given a loan only if the car was produced no earlier than 2004. Foreign cars win in this sense - pawnshops accept foreign cars with a service life of 8-10 years. Very expensive cars are reluctant to lend - this is due to the fact that they are more difficult to sell in case of non-payment of the loan.

Then - the legal "purity" of the car. Cars purchased on credit, not issued according to all the rules, stolen, or pledged in other places are not accepted as collateral. Also, cars whose VIN and other numbers do not match the provided documents are not accepted for commission.

The borrower himself, in turn, is also checked by the pawnshop for income and permanent place work (at the same time, phone numbers and the address of the company are specified - this information is needed by the car pawnshop to call or visit the place of work of the borrower). In addition, the client's credit history is checked to determine the presence or absence of car loans and other loans taken earlier. This procedure is necessary for a correct assessment of the borrower's solvency.

If, after making all the inquiries, the client is recognized as trustworthy, the car pawnshop on the security of the car gives him the agreed amount of money.

Realization of a car by a pawnshop

When the term of the loan agreement expires, and the borrower failed to fulfill his obligations, the pawnshop satisfies its contractual requirements at the expense of the car. They don’t sell cars right away - most often it takes several months from the client’s termination of payments to the sale of the pledged vehicle.

Cars are sold through intermediaries or at special auctions (public auctions). The sale of a car at an auction is carried out at a price that includes all the costs of a car pawnshop, and usually amounts to about 60% of the market value. , the car leaves market price, and the seller receives a percentage of the transaction.

Video - car pawnshop in St. Petersburg

Conclusion!

In conclusion, we can wish all potential customers of car pawnshops to choose the most reliable organizations with a minimum interest rate and extensive work experience. Do not rush to contact the first car pawnshop that comes across - and everything will turn out well. I wish you success!

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Business Relevance

The situation when a large amount of money is urgently needed is familiar to many. Not every bank is ready to issue a large loan in the shortest possible time, and not everyone has rich relatives / friends. In such cases, people rush to the pawnshop, giving away equipment, precious metals etc. But not only these values ​​are collateral. Against the backdrop of a slowdown in the lending market, the relevance of car pawnshops is growing.

Stages of building a business

Pawnshops have long shown their profitability. Issuance of money secured by a car is a fairly new direction for Russian market but gaining momentum.
To open a car pawnshop from scratch, it is recommended to weigh your strengths and financial capabilities, since the business is not without risks and pitfalls.

Main stages:

1. market analysis, choice of direction;
2. finding a parking space and office equipment;
3. registration of permits;
4. recruitment;
5. marketing events.

Financial plan

Starting capital will be needed for:

1. issuance of loans;
2. car park rental (if it is not planned to cooperate with the existing parking lot);
3. office equipment and purchase of office equipment, cash equipment, software;
4. payment wages hired employees;
5. registration of permits;
6. business promotion, advertising costs;
7. current expenses - utility bills, communication costs.

How much does it cost to open a car pawnshop? At the first stage, a sum of 200-500 thousand rubles is enough to organize a business, while a capital of 180-200 thousand dollars is required to issue loans.
According to experts, the profitability of this business is about 10% and it can be paid back in 1.5-2 years.

Principle of operation

The scheme of activity is simple:

1. receiving an application;
2. vehicle appraisal;
3. conclusion of an agreement;
4. issuance of cash.

Potential clients

I am most interested in collateralized loans individuals, owners of small and medium-sized businesses. Most often these are people with an average income. As a rule, the amount received is used to invest in your own business, expensive purchases, pay off debt, pay for medical or educational services.
The process of checking documents and receiving the required amount does not exceed 1 day, and this attracts major customers.

Interest rate calculation

The interest rate depends on the pledge itself and the period of validity of the contract. The larger the amount and time, the higher the interest for the client. For example, a loan of 200 thousand rubles for 10 days will cost 2.5 - 3.5%. If you issue such a loan for a month, the interest will increase to 4.5 - 7% (average prices in the international practice of car pawnshops). A low interest rate is possible only when applying for a short-term loan (up to 3 days) and if the price of collateral significantly exceeds the loan amount.

Contract extension

Most pawnshops reserve the right to increase the percentage when renewing the contract. For example, if the borrower made a contract for 10 days, but did not collect money for the principal amount of the debt and only paid the interest, an extended agreement is drawn up, in which the rate may be higher.

The process of renewing the contract itself is not always a free option; many companies charge 0.5-1% of the amount issued for such a service.

Property valuation

Car pawnshops, when assessing property, practice bargaining with the client, the final cost is announced after a detailed inspection of the car and a conversation with the borrower.
Any flaws, cracks, dents, malfunctions found during the inspection process will affect the final loan amount downwards.

The loan amount depends on:

• car models;
• Year of release;
• technical parameters;
• degree of deterioration;
• run.

Do not take as collateral:

• cars taken on credit;
• vehicles involved in the accident;
• a big limitation is age and mileage (each company has its own requirements).

Too expensive and exclusive cars car pawnshops are also reluctant to accept, since in the event of non-payment of the debt, it is extremely difficult to sell them in the future.

The activities of such organizations are directly related to the parking area - if free places no, new loans stop being issued. As a rule, the contract is not concluded for more than a month. At its expiration, interest and principal must be paid. If there is no money - you need to extend the contract. This can be done an unlimited number of times, but with a long prolongation, car loans lose their meaning, as they become much more expensive than bank loans.

At the end of the agreement, if the debtor fails to fulfill his obligations, the creditor may satisfy his claims at the expense of the car. The sale is not carried out immediately - from the time the payments are stopped to the sale of the car, it takes 4-6 months. The method of sale must be specified in the contract. It could be open auction or through intermediaries. In Russia, the percentage of unredeemed property in a car pawnshop is 5-10%.

Documentation

The activity of a pawnshop is possible upon registration of an LLC, CJSC, OJSC. The Charter must indicate the following OKVED codes:

• 65.22.6 "Short-term lending secured by movable property";
• 67.13.5 "Provision of services for the storage of material assets";
• 74.14 "Provision of consulting services".

What does it take to open a car dealership? For the functioning of the company, it is necessary to collect the following documents:

1. Charter;
2. Certificate of state registration;
3. Lease agreement or ownership;
4. Conclusion of SES with an attached list of services provided;
5. Permission from the fire inspectorate;
6. Statement in the tax service (it is allowed to apply a general or special taxation regime);
7. Registration with the Federal Financial Monitoring Service.

room

To open a car pawnshop, you need an office for negotiations with potential clients and a parking lot for storing collateral.

The premises must be equipped with a workplace for the cashier and storage for financial assets. The cash box should be a reinforced reinforcement and provide I-III type of bullet resistance, be equipped with an alarm button. To work, you need cash equipment and standard office equipment.

The parking lot where you plan to leave the vehicles must be guarded. The high price of collateral should be due to a safe arrangement to minimize risks. All storage rules must be clearly stated in the instructions. Remember that only the pawnshop is responsible for the safety of the car. Some firms partner with paid parking lots, while others organize the place on their own, gaining security in the main staff. In this case, everything depends on the specifics of the city, the availability of parking spaces and the size of the start-up capital to open a car pawnshop as a business. Large firms have their own parking area in a remote area, and representative offices for customer service are located throughout the city. You need to open offices near notaries, as documents must be certified by this specialist.

Staff

The specifics of organizing a car pawnshop lies in the increased requirements for personnel. Service discipline, competent document management, professionalism are far from full list qualities that staff should have. For a car pawnshop as a business, you will need:

• cashier controller;
• certified vehicle appraiser.

Depending on the device, the company may need security, an accountant, a manager, etc.

Advertising

Almost all marketing options are effective in this business, so it is recommended to promote the business both online and offline with advertising. Own website and promotion on the net, distribution of leaflets in the meta with potential clients, a bright sign, information on radio and local television, in local media, outdoor advertising - these and other options should be applied.

Business Features

The most difficult task is to correctly evaluate the property in a short time. The car may be stolen, not cleared by customs or have serious malfunctions. To prevent this from happening, it is recommended to establish close ties with the traffic police, the customs service, and buy access to the database of credit bureaus.

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