Autopawnshop: customer reviews

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Services of automobile pawnshops are very common today. They offer money on the security of a car or a passport for it. The procedure for receiving funds is relatively simple, you do not need to submit many documents, guarantors are also not needed. But paying off the debt, taking into account the interest charged, can be an unbearable burden for the client. Therefore, before contacting a car pawnshop, you need to sensibly assess your ability to repay the loan, otherwise you will be left without a car.

What is a car pawnshop?

This is an organization that lends money secured by a car, sometimes they take motorcycles, tractors, excavators, boats, boats, etc. Sources of income for these organizations:

• interest on the loan received;
• pen alties for late repayment of the loan;
• Proceeds from the sale of a car that the owner could not buy back.

Where is the car at the time of using the loan

Usually, after issuing a loan, the owner must leave his car to the pawnshop. But there is another situation when the borrower's car remains in use. Butin the second case, the interest on the loan from the pawnshop is set much higher.

How to choose a good company

Finding a reliable and responsible partner is the key to successful use of the service. Good verified car pawnshops should meet the following criteria:

• Adequate interest rates and total loan amount. If a car pawnshop offers very low interest rates and a large loan, which is a significant fraction of the value of the car, then you should have suspicions about the integrity of the organization.
• Offer different loan options with different conditions.
• Reviews about a car pawnshop should be mostly good and great. The company must exist for more than a year and have experience in this area and a circle of satisfied customers.
• After receiving a loan, your car remains in the pawnshop. If the car will be parked in a covered parking lot, which is guarded around the clock, there are surveillance cameras, then these are good signs of a reliable and responsible company. Upon request, you must be shown the car and the conditions for its storage.

• Look who works in the company. If the appraiser, banker and manager are presented in one person, then it is clear that the organization is not serious and it is better not to get involved with it. A well-equipped office, a professional team of employees, and an Internet service should be a must-have for every good car pawnshop.
• Pay close attention to the contract being drawn up. In a car pawnshopa loan agreement should be drawn up, and not a sale and purchase agreement with subsequent redemption or a receipt. The text should not contain such items as, for example, a fee for cashing out or issuing money. The loan rate must be specific. The contract should contain information about the condition of the car: what are the scratches, dents, mileage, etc.
• Work directly with the car pawnshop. If you got on an intermediary, you will have to overpay. You can recognize the intermediary by the fact that in the document he does not indicate the address of his office.

Reviews about car pawnshops in the capital

This area of business in Moscow is very developed, there are more than a hundred such organizations here. Each has its own approach to customers and reputation. Reviews of Moscow car pawnshops are both positive and negative.

Soyuz Credit

This organization is located in St. Petersburg and positions itself as a reliable and profitable partner. The company's website says that they have been on the market for 20 years. The minimum loan rate can be 1% per month, they can issue an amount that is 90% of the cost of the car. The company issues funds to all Russians, regardless of their place of residence. To obtain them, absolutely no certificates are needed. Registration and cash withdrawal is carried out within half an hour.

These unrealistic conditions immediately raise doubts. Reviews about the Soyuz Credit auto pawnshop from customers are mostly negative. They note that in the office they are offered a different rate than originallyphone, the issuance of money has to wait a long time. In reviews of the Soyuz Credit auto pawnshop, it is often noted that the attitude towards customers and their treatment is rude and disrespectful. Some call this organization an intermediary.

National Credit

Offers a cash advance secured by a car passport, while the car can continue to be used while the loan is repaid. You can count on receiving amounts from 18 thousand to 5 million rubles. In addition to Moscow and St. Petersburg, the organization's branches operate in many cities of the country, such as Yekaterinburg, Kazan, Nizhny Novgorod, etc. Not only a car, but also a motorcycle, tractor, combine, excavator, water transport can act as collateral.

There are different reviews about the National Credit car pawnshop - both good and negative. Many customers note a high level of service, no queues, fast processing of the application and prompt disbursement of money, good interest rates.

On the other hand, some customers express their negative opinion. They say that in order to pay off a loan, you need to go to the company's office, and this is not convenient for everyone. Also, customers are not satisfied with high interest rates and what is initially offered on the company's website and by phone is small, but in reality, high interest rates are set during registration. They also note inefficiency in customer service.

Garant

The company offers its services in Moscow. Pawnshop strives to fully satisfy the requirements of customers andhelp them to get money at a moderate interest. There are five branches in Moscow. As a pledge, you can leave special equipment, motorcycles, water and air modes of transport or other property. The company has been operating on the market for over 19 years.

As with previous companies, reviews of the car pawnshop vary. There are a lot of satisfied customers, but there are also those who are outraged by the service and do not advise going there. In positive reviews about the Garant car pawnshop, customers note prompt service, low interest rates, and professionalism.

But there are those who had an unpleasant experience of cooperation with the "Guarantor". Among the negative aspects of the company's work, they call a boorish attitude, the accrual of a large pen alty, they do not meet the needs of the client, they promise one percentage and the amount of the loan over the phone, but in reality they are different when applying.

Capital

The company positions itself as a reliable partner, which aims to serve the client as quickly as possible and create the most optimal conditions for him to receive money on the security of his car. The organization offers its services in Moscow. There are two options for receiving money - on the security of a car and on the security of a passport, that is, the car remains in use by the client.

Reviews about the Kapital car pawnshop are both very good and sharply negative. Satisfied customers note that money is issued within 30 minutes from the moment they contact the office, there is no need to provide a large packagedocuments. The company works seven days a week and takes any equipment as collateral.

In some negative reviews about the car pawnshop, customers note that Capital specialists value the car too cheaply, so they are ready to give out a smaller amount than the client expected. They note that the pawnshop does not establish close work with customers. They note that the car can be sold without the knowledge of the owner.

Auto pawnshops in Moscow and throughout Russia offer issuance of money secured by a car or any other transport equipment. For some clients, this service is a great help in a difficult situation, and they easily cope with payments. But there are also negative reviews about all car pawnshops. Almost everywhere they note the inconsistency of the proposed interest on the loan by phone, and then when applying for a loan in the office. There is also such a situation when a car is valued too low in car pawnshops. Some companies have a disrespectful attitude towards customers. If someone faced such a situation when contacting a car pawnshop, then this can happen to you. Choose carefully and check the reviews.