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.
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?
Yes, in Austria you have the option of continuing to drive your car for the entire term, but you can also park it at CASHY and in this case borrow more money for it and save on fees.
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 Austria
Your car is no more than 12 years old (except classic and luxury cars)
Your car must be registered to you and registered in Austria
Your car must be in working order and have a valid "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:
Valid photo ID
Confirmation of registration
Vehicle documents
Registration certificate part I + II
Valid §57a certificate (sticker)
Duplicate key
Purchase contract
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. You 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?
Once your vehicle has been successfully inspected, you will either be paid out immediately in cash (up to €9,999) or by PayPal or bank transfer. In the case of a bank transfer, the money will usually be in your account by the following working day at the latest.
What term does a car pawnshop offer?
The term for car pawnshops in Austria is usually 1, 2 or 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. However, you will no longer be able to use your car during this period.
Your car will then be auctioned off. Any surplus will of course be paid out to you immediately, minus the fees.
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 can also get a loan with a poor credit rating. | Your creditworthiness 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 the 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:
Bearer of the seal of approval of the Austrian Federal Economic Chamber: These pawnshops are subject to the rules of the Association of Financial Service Providers and offer you maximum reliability.
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: Every good car pawnshop should display the fees on its homepage. 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: