Question 1

How much money do I get for my Apple Watch?

Accepted Answer

This depends on various factors such as the model or the general condition of your Apple Watch. On our website, you can see how much money you can get for your Apple Watch after selecting the model.

Question 2

What is a pawn loan?

Accepted Answer

With a pawn loan, you receive a loan and give us your Apple Watch as collateral during the term of the loan.

Question 3

How long does it take to pay out in cash or to my account?

Accepted Answer

If you have opted for shipping, we will check your Apple Watch after it has arrived. As a rule, you will receive your money in your account the next working day after the check. If you bring your Apple Watch to our store, you will normally be paid out immediately.

Question 4

Can I extend the pawn loan for my Apple Watch? What fees are involved?

Accepted Answer

If you renew, you only pay the interest and fees that have accrued up to the date of renewal. You can also check all interest and fees online in your account at any time.If the value of your Apple Watch has fallen sharply during the deposit credit period, you will have to make a corresponding partial repayment.

Question 5

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 6

What happens if I can't trigger my Apple Watch?

Accepted Answer

During the term of your pawn loan, you have the option to extend it. If you are unable to extend your pawn loan or repay it within the agreed term, your Apple Watch will be auctioned off after a waiting period and notification by CASHY. If the proceeds for your Apple Watch 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 7

How high are the interest and fees?

Accepted Answer

In the following example, we show you how high the fees are for a pawn loan of € 300.00 with a term of 30 days and how they are made up:

Loan amount: € 300,00
Interest: € 3,00
Business operation costs: € 6,50
Total fees: € 9,50

You can find all further information about interest and fees at CASHY in our clear fee schedule.
Please note: A pawn loan is suitable for short-term bridging due to the short term of 3 months. In our example, the interest is 1% per month (12% per year) and the operating costs are €6.50 per month (€78 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: € 300
Interest on the loan: € 36
Operating costs: € 78
Total fees for 1 year (term not offered in this length): € 114,-

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