Question 1

Which designer bags does CASHY accept for a pawn loan?

Accepted Answer

CASHY accepts a wide selection of designer bags from the following brands:

Balenciaga
Bottega Veneta
Burberry
Celine
Chanel
Chloe
Dior
Fendi
Goyard
Gucci
Louis Vuitton
Prada
Saint Laurent

Question 2

Is the price of my bag negotiable?

Accepted Answer

CASHY will give you a good price for your bag. If you are not happy with this, please contact us - together we will find a solution.

Question 3

Can I also pawn a damaged bag with CASHY?

Accepted Answer

We only accept bags that are fully functional and not badly damaged. As a general rule, the greater the signs of use, the lower the maximum payout amount.

Question 4

Is it possible to retrieve my bag before the end of the term?

Accepted Answer

We offer you the greatest flexibility thanks to our daily billing. You can of course retrieve your bag before the end of the term. It is also possible to extend your pawn loan in good time.

Question 5

Where will my bag be kept during the term of the pawn loan?

Accepted Answer

We keep your bag safe for you in our video-monitored warehouse during the credit period. It is also insured for 1.5 times its value while it is stored by us.

Question 6

Can I also pawn a found bag with CASHY?

Accepted Answer

No, unfortunately this is not possible with CASHY. We only grant pawn loans to legitimate owners of collateral.

Question 7

What happens if I cannot repay my pawn loan?

Accepted Answer

You have the option to extend your pawn loan during the term. If you are unable to extend your pawn loan or repay it within the agreed term, your bag will be auctioned off after a waiting period and notification by CASHY. If the proceeds less the fees exceed the amount of your pawn loan, you will be paid out the difference. However, your debt is also settled if a lower amount is realized at the auction.

Question 8

Do I have to be of legal age to take out a pawn loan with CASHY?

Accepted Answer

Yes, all customers who wish to take out a pawn loan with CASHY must be of legal age.

Question 9

How do I get my money paid out?

Accepted Answer

You can have the money for your bag paid out in cash or as a transfer to your PayPal or bank account. Due to the Money Laundering Act, cash payouts are possible up to a maximum of EUR 9,999. For higher payout amounts, the difference will be transferred to your account.

Question 10

Fees and term

Accepted Answer

The costs for a pawn loan with CASHY are made up of the issuance fee, interest (1.75% per half month) and the custody fee. We show you how much the fees for a pawn loan for a bag with a term of 30 days are and how they are made up:
Loan amount: € 1.000,-
Issuance fee: € 20,-
Custody fee: € 4,-
Interest: € 35,-
Total fees: € 59,-
You can find all further information about interest and fees at CASHY in our clear table of fees.
Please note: A pawn loan is suitable for short-term bridging due to the short term of 1-3 months. The interest rate is 1.75% per half month, which corresponds to 42% per year. For example, if you were to keep renewing your pawn loan with a term of 3 months and reach a total term of 1 year, the fees would be as follows:
Loan amount: € 1.000,-
Issuance fee: € 80
Custody fee: € 46
Interest: € 420
Total fees for 1 year (term not offered in this length): € 546,-

PAWNING YOUR BOTTEGA - HOW IT WORKS

PAWNING YOUR BOTTEGA - HOW IT WORKS

Want to pawn your Bottega and turn it into cash quickly? CASHY gives you a pawn loan for your bag. Simply enter all the important details and receive a personalized offer just a little later.

Condition

Desired amount in €

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