How do car pawnshops work in Russia? How much, by the way, does this one-time package of services cost? Approximate cost calculation.

Pawnshops operate quite successfully in the lending market. For example, in the capital of Russia their number reaches 500 or more. But still, this business, which has become familiar to Russian citizens, surprises them by creating the latest trends in this area and diversifying its activities. Many businessmen are interested in how to open a car pawnshop in a large metropolis. And today he can help you in this matter step-by-step instruction for 2017. It is certainly worth reading with great attention.

What is a pawnbroker

Before we talk about the features of the opening of this establishment, we will tell you about What is a car pawnshop and how does it work?. So, in the last 10 years, loans secured by property have been quite able to enter middle class population. Those people who are completely confident in their income, as a rule, may experience some shortage of funds, which, as a rule, arises instantly. Either a last-minute ticket has appeared, or an opportunity has arisen to purchase real estate at favorable price, but, unfortunately, the person does not have several thousand dollars on him. And there are many such options. But the Americans, in turn, were able to find a way out of this situation at the beginning of the last century. And a car loan could help them with this. And by the end of the last century this type lending was able to completely conquer all of Europe and many developed Asian countries.

Currently it is developing very quickly and domestic market lending. Thanks to this, in Russia, car owners can easily obtain a short-term loan in the amount of 10 to 70 thousand dollars on the day they go to a car pawnshop.

Are you ready to start a car pawnshop?

Auto pawnshop as a view entrepreneurial activity, has its own specific specifics. In this matter, the main thing is not only qualifications, but also the decency and conscientiousness of the employees themselves, as well as excellent service discipline and competent document management, and deep knowledge. In this business there is no place for random people who do not know how to conduct business correctly and do not have responsible qualities. A businessman who invests his own funds in this type of activity must have an appraiser certificate, and also own experience V practical work. Based on this, an entrepreneur who decides to open such a business must understand the specifics of the work of a cashier and appraiser, and have high responsibility. Since it is he who is obliged not only to organize the work process, but also to control it: conduct regular surprise checks of the safety of all collateral property, monitor employees’ compliance with current tariffs, monitor the level of their knowledge and compliance with all job responsibilities. For his subordinates, it is he who is obliged to be a model in the performance of necessary work duties and personal attitude to work. If an entrepreneur does not have the above qualities, then we advise you to find him another type of activity.

What interest is there in creating a car pawnshop business? For example, if you invest 190 thousand dollars in it, then the payback can happen in a year, and if you invest 260 thousand dollars in the business, you will get a payback in 1.5 years, 280 in two.

Step-by-step instruction

As we wrote above, before you start opening a business that is based on lending, you must have some experience in this area. And all because such a business is an extremely serious matter. Therefore, it is important to know how to open a car pawnshop. Especially valuable in this work are excellent orientation in problematic situations that help a businessman avoid losing options and mistakes. So how should you open a car pawnshop? Below are step-by-step instructions.

Once you decide to engage in car lending, you must register as a legal entity. Having given the name of your credit institution, which must contain the word pawnshop, you should begin solving various administrative formalities. According to Russian legislation, you have the right to choose among possible organizational forms - CJSC, OJSC or LLC.

What to choose? It is necessary to pay attention to experience previous generations, and select LLC. Registration of this form of entrepreneurial activity is carried out with the smallest package of documentation. Based on this, your business will not be valued by the availability and stock quotes, but by the actual price. Employees of law firms will advise you the same thing. They provide design services necessary documents and receiving necessary licenses for a small monetary reward (from 8 to 10 thousand), thereby saving your time and nerves. At this stage (when registering a legal entity), it is best for a qualified economist-appraiser to work together with the businessman himself, since the latter, after opening the enterprise, according to the Law of the Russian Federation On Pawnshops dated July 19, 2007, is required to carry out a lot of paperwork work. This and compilation job descriptions, and staffing schedule, and work schedule, etc.

Details matter.

In order to know how to open a car pawnshop. It is necessary to draw up right business a plan to follow throughout your career.

As a rule, to be able to register correctly, it is not enough just to have information about what documents are needed to create a car pawnshop. You also need to have professionalism in design, taking into account various little things that, in the event of any conflict, can play a decisive role. You should also correctly draw up all constituent documents. For example, the charter must contain the following types of business related to the provision of car loans:

providing short-term loans secured by a car,
provision of advisory services, valuables storage services, and car purchase services.

All this is of great importance in the event of various legal conflicts. If you have a completed package of constituent documents, as well as a completed application for state registration and the decision to open a legal entity, the businessman will need to register with the tax office.

Choosing an office and guarded parking lot What is needed to open a car pawnshop?

Affordable rental price! This is the main thing in this type of activity. You should also pay attention to one more point related to preparatory work: preparation of contracts for the rental of office space, and also the opportunity to use the services paid parking. To the great joy of many entrepreneurs, the space of a rented office will not be critical for the future profitability of this business. IN in this case, the savings will be obvious, since the total office area may not be very large - about 100 sq.m. Besides this, no prerequisite is the rental of premises located in the city center. This, in turn, can also significantly reduce the cost of rent. An office can also be rented in a residential area of the city. The most important thing in this matter is the busy streets or parking lots located near the office. But still, one rented office for a car pawnshop will not be enough.

What else needs to be provided for opening a car pawnshop?

Of course, the place where the collateral will be stored. The high cost of the deposit must necessarily be due to the very safe arrangement of the place where it will be placed pledged vehicles, to be able to avoid various risks. According to federal law about pawnshops, it is the pawnshop that bears full responsibility for the safety of the collateral. All storage rules must be specified in the auto pawnshop documents. Can be equipped warehouse space 24-hour security or alarm system. There is another most cheap option– concluding an agreement with guarded parking.

Office equipment.

The Federal Financial Monitoring Service of Russia charmingly regulates the fact that it is necessary to open a car pawnshop. This office space, which is equipped according to established requirements security, with a equipped place for the cashier - a reliable financial vault and a cash register. The design of the latter, as a rule, is chosen by the businessman himself from three options, which correspond to certain features of a given car pawnshop premises. The cabin must be equipped in accordance with the established requirements of the Federal Order. Financial Monitoring Service number 203 dated August 3, 2010. It should provide class 1-3 bullet resistance. The reinforced design of these cabins, which have a panic button, is needed to ensure neutralization possible risks. It is equipped technical characteristics, which help to protect the cashier as much as possible from PM shots and AKM modifications. The auto pawnshop must have special cash register equipment, various office equipment, software. The staff must include certified vehicle appraisers, as well as cashier-controllers who have undergone special training in this profession.

Personnel and communications.

When organizing work, it is necessary to carry out formal activities. According to many Americans, excessive requirements for working personnel are the basis for creating a car pawnshop. It should also be noted that this applies not only to the pawnshop, but to any other type of activity. As for the conditions Russian market lending, then this goal will be achieved after registration with the staff employment contracts, their training and certification. As for the location of the office and warehouse, in this case, it should be said that these premises must be located close to certain companies.

First of all, after opening a car pawnshop, it is necessary to establish business relations with a notary. It is in the notary office that your clients will deal with the registration general power of attorney for implementation. In addition, you should establish cooperation with the car service that determines market price collateral vehicles.

Work specifics

The provision of auto pawnshop services must be accompanied by active advertising company in the local media, friendly service, and, of course, word of mouth. For this reason, any well-served client can be called an auto pawnshop agent. According to statistics, positive reviews this client will be able to increase demand for the services of this credit institution. The creation of a branded Internet site is also important for the success of a car pawnshop. Dreaming of getting a loan secured by their car, many potential clients can make a calculation in advance market value personal vehicle using a pawnshop calculator, and familiarize yourself with the terms of the loan. On this site, the client can also apply for a loan online. Which makes it easier to get a car loan.

The liquidity of the pledged car and its market attractiveness are also of great importance. The car must be in working condition. In this case, the amount of a possible loan can be 80-90% of its cost. Thanks to this, the client can maximize the finance received using the security of his car. In practice, before visiting a car pawnshop, the client must contact an employee of this organization by phone listed on the website and agree on a time for his service. The employees of this organization, having made a quick assessment of the price of the car, will issue a car loan. The terms of this loan are standard (interest for using a car loan ranges from three to four percent). Car pawnshop services are usually aimed at making a profit on a car loan, at the expense of interest rates, for the sale of unredeemed vehicles.

Honest business is the basis of long-term commercial success, unfortunately, having created a standard and useful look entrepreneurial activity for the middle class, most businessmen are engaged in installing raider approaches into it.

How can you spot a pirate car pawnshop? The terms of the loan from this organization include inflated interest rates and huge penalties. Employees of such a car pawnshop begin to underestimate the estimated value of the car, setting a price below the market price. The founders of this business are confident that the client will not be able to pay such high interest, and then they increase their debt, and subsequently buy the car at a reduced cost. Of course, this black business will not be able to seriously develop.

Planning

A car pawnshop as a type of activity must work according to an established plan at all stages of development and formation. Its main guidelines must necessarily be profitability and the absence of surplus on collateral. Planning for a given credit institution must necessarily include a certain number of positions. The first, of course, is a business plan. First, it is necessary to take into account economic efficiency and the possibility of attracting borrowed money. In this case, all costs must be calculated and average level profitability for the reporting period. A business project must include a step-by-step plan for the development and creation of this enterprise. It is usually based on the cornerstone indicator of its profitability - the average interest rate. In addition, the main thing is the careful legal development of contracts and agreements drawn up with clients. These documents should not contain loopholes that could bring various costs to the car pawnshop. If the client is late in payment, it is necessary to provide for fines or penalties. A business project for a car pawnshop must take into account throughput: expected number of clients per working day, stages of increasing dynamics in work, average value collateral

Watch also the video

What is a car pawnshop and how does it differ from a place where they take their last or stolen goods to get money for the next bottle? In fact, all they have in common is the word “pawnshop” on the sign. Autoua.net spoke with the director of the Kyiv “Golden Pawnshop” about what car pawnshops are, what they are like and why they are needed.

From the editor:

One day my hand trembled over the “delete” button in my email client, which brought me a press release about the car pawnshop market in Ukraine. “Wow,” I thought, “it turns out that buyers have their own market.” Or maybe they are not only buyers? This is how the idea of this interview was born, and car pawnshop services opened with new side. Thanks to Vadim Bektashevich Ismailov for his time and interesting interview.

What kind of service is “Avtolombard” and how does it work? The car is not mobile phone and not a gold chain to just take and pawn for cash.

Each product has its own buyer: some like red Nissans, others like black Mercedes. Accordingly, there are certain portraits of the client. If we break everything down into two large categories, it turns out that gold is retail trade and we are talking primarily about individuals. In the case of a car pawnshop, we are talking about entrepreneurs. A car pawnshop solves one very important problem for them. simple task- speed of receipt large sum cash.

Let me give you an example: an entrepreneur comes and says that the goods are at customs, the deadlines are running out, but the turnover has not yet arrived. Tomorrow the deadline ends and penalties begin. There are many sanctions. What should such a person do? It turns out that it is easier for him today to take out a loan, clear the goods through customs, say, sell them in 2-3 weeks and pay off the loan. It’s more interesting, simpler and cheaper for him. Or a client comes and says: “I need money urgently. Before five, if we have time, then I’ll take out a loan, if we don’t have time, then it’s no longer relevant to me.”

Five to seven years ago there was a boom car sales, people managed to buy a lot good cars. They, of course, become cheaper over time, but still represent a certain value. But business doesn’t stand still, and how, if necessary, can you exchange your car for money as quickly as possible? Go to the car market, where he will be met by resellers. “Huckster” is a separate caste, and a specific one at that. Their task is to reduce the price as much as possible. Previously, people had nowhere to go and had to leave their cars there with crazy discounts.
After all, it’s impossible to get money every day otherwise. For example, you need to borrow 20 thousand dollars and pay off by the evening, as they offered great price for the product, but only today. Where to go, to the bank? A bank is a procedure, a credit committee, an assessment, a security service, smart lawyers. This is a period of at least a week. Plus, don’t forget, the client needs to bring a package of documents to the bank, fill out a million forms: about the company, about himself, provide guarantors. Even if the loan is given, it will not happen quickly.

So what can the client do? Options: the already mentioned car market, a bank, friends, of whom there are fewer and fewer, especially relatives in a crisis.

Therefore, the service of a car pawnshop, as they say, was asked for. We started creating it four years ago, when clients began to come who urgently needed money, and could only offer a car as a valuable collateral.

So it was a response to a need?

Yes, people asked, we monitored the market and it turned out that there were no official car pawnshops at all. And we, having banking experience, took and solved the “Rubik’s Cube” and the product “car pawnshop” was obtained. A client comes to us, we evaluate him. In two hours we do all the work that banks take weeks to complete: we check the car, the client, prepare contracts, order money.

If you monitor the market, you will find that almost every pawnshop promises to give out money in two hours. We literally took a stopwatch and recorded the time it took for all steps, starting with the client’s application, notary confirmation and ending with the issuance of money. It took us a little over two hours.

That is, do you have time to make sure that the executive service is not chasing the car, and so on?

Yes, traffic police, appraisers, we look at reviews, because there are illiquid cars. There are clients with cars that were refused in one place and in another. That is, in these two hours we manage to understand the reasons for previous refusals and, in the event of a positive decision on our part, we promptly do all the remaining work.

Can you give more details?

For example, a lot of people come with the intention of simply selling a car. Our task is to identify such people, since we are not interested in them as clients. If we divide all the car pawnshops, then there are those that, like us, lend, and there are those that “buy”. I specifically call this in quotation marks, because they take almost everything in a row, set crazy conditions for the client, prescribing them in contractual relations in the form of penalties and so on. That is, in fact, they have one task - to make sure that the client cannot return the money and thus take away his car. They subsequently make money by reselling these cars.

That is, they value cars even lower than resellers?

Of course, and then they dump them on the same “Chapayevka” or somewhere else. We are only interested in lending. That is, if we see that the car is good, but the client is telling us some kind of nonsense (his legend does not add up, he is engaged in an incomprehensible business), then we refuse.

It turns out that you make a preliminary decision on issuing money at the stage of communication with the client?

What is your average refund period?

Month. This is a short loan.

So you are targeting people who need to “intercept” money?

Yes, just “intercept”. It's like a battery. We tell our employees that our task is only to “recharge” the client so that he runs further. But we are not 220 volts. In the latter case, the client should contact the bank. If the client does not need the money immediately and is not ready to return it to short term, then the conditions at the bank will be better and cheaper for him. Therefore, if a client comes to us at “220V” and asks for a loan for six months, then this is not our client, this is a 100% default. Pawn money is very expensive. If an entrepreneur is smart, then he understands this perfectly. You can't go into a pawn shop for a long time.

Which one is effective for you? interest rate, if you recalculate it for a year?

The monthly rate is 4.6%.

That is, roughly speaking, this works out at 60% per annum?

Yes, somewhere like that. But it is not entirely correct to calculate the annual interest in this case, because this is a short-term loan. Came in, left and that's it. It is wrong to compare it with an annual loan; they solve different problems. A simple example: a client takes 10 thousand dollars, the rate is 5% - he must pay 500 dollars per month.

Often clients come depressed, a little embittered, because somewhere they have been put a spoke in their wheels: their partners have let them down in some other way. But if they are entrepreneurs, then they know how to count.

There are different stories. For example, a client comes and says that the partners have not paid, and the employees need to be paid their salaries, which, by the way, they have already been waiting for two days. Where will he go? He took out a loan from us, after two or three weeks he turned around and returned the money with interest. But he retained his entire team, his authority.

Can you tell me the average loan amount?

In Kyiv it is approximately 15 thousand dollars. Loans are taken out mainly by medium and large entrepreneurs. These are expensive Toyotas, Mercedes-Benzes, and Cayennes. These are reasonable people who just need to quickly “recharge.” Those who have worked with us, as a rule, come to us again two or three times in a year, because they already know where they can probably get money.

Are there cases when money is not returned and the client is left without a car?

There are. Probably every tenth is a “default”.

What's happening to them?

We sell. We have agreements with sites. The sites, in essence, represent the same car market. Previously, their concentration was on Chapaevka. About two years ago they began to split up. We have entered into agreements with several professional sites. Usually within three to four days they take the cars from us, since we give them to them at a discount. Still, this is not our business, we are not car sellers. They are already washing them, putting them in order, and so on. That is, we returned our money from the loan and went to lend to other entrepreneurs.

When does that very moment come, the point of no return?

All contracts are signed for a month. If a person does not repay the debt within this period, we have the right to take the car. When signing the contract, we tell the client that if the loan is not repaid, he will simply be left without a car. Everything is fair.

If a client, for example, has a problem unforeseen situation, does he have the right to renew the contract?

Certainly. He has the right to extend, that is, return the interest, re-sign the contract for a month and continue working.

So, are you trying to maintain normal relationships?

Yes. In most cases, in case of “default”, we ask the client to look for a buyer for the car. We give it a week.

So that he could sell it for more on his own?

Yes. Some people manage to find a buyer right away. He repays the loan and in the end the person still has a margin. If you don’t meet the deadline, the car goes to the site.

Let's return to the loan amount. For example, a car on the secondary market costs 50 thousand dollars. Is a person obliged to take out a loan for this entire amount or can he take out less?

Everything is individual. It all depends on the liquidity of the machine itself. For example, Nissan Note costs 10 thousand dollars. If the car is running, as in this case, then we will give 70% of this amount. If less running - 50%. Even less popular - 30-40%. Let's take Jaguar. Seems to be beautiful luxury car, but it’s very difficult to sell later, it’s illiquid. And in the case of Lanos, we can give 80-90%, because we know that there is a demand for them.

What if a person doesn’t need, for example, 70%, but needs less?

Then he takes as much as he wants. But there is a concept of “minimum”. If a person intends to take five to seven thousand, then we are not interested. And such a loan is not profitable for the client himself. I’ll explain why: one-time expenses (notary, car valuation, parking) are the same. It doesn’t matter whether he takes 10 or 20 thousand.

How much, by the way, does this one-time package of services cost?

Two hundred dollars. At the same time, about 80% is spent on notary services. But everything is fair: there are pledge agreements, notarization, and, for example, the consent of the spouse. That is, this is an absolutely banking product. Banking service and simplicity of pawnshop loans.

But you're not a bank, are you?

We finance company, therefore we have the right to lend. We simply use a car as collateral. The car is parked in a guarded parking lot, the client gave the money and took it back. If I didn’t give it away, we hand over the package of documents to the employees of the partner sites and they are already dealing with its sale, questions to the MREO, and so on. But again, I would like to emphasize that we are trying to make concessions to the last minute. Still, our main task is lending. It's more profitable for us.

If the client is reasonable and adequate, then we even make individual repayment schedules. There are successful examples of this approach in our practice. We are more interested in returning the money and maintaining the relationship with the client. We position ourselves as a place where you can quickly take money, resolve your issues and move on. Life is long, and so is business. The longer it is, the more profitable it is for us, because there is a chance that the client will contact us again. We give money, but for a short period of time. If you give money to clients for long term- it will get sucked in and it will not “come out”. Not everyone understands this.

Unfortunately, our financial literacy is not very high at all.

Yes, not all people correctly imagine their life path. Maybe, what if everything gets better and so on. That is, sometimes it’s easier to just go and sell the car. If a person plans to use the money for three to four months, my advice is to go and sell. It will be fair. Otherwise, he will still have to pay interest. And so I sold it, took the money and solve my problems.

Again, do not forget that some car pawnshops work purely for buying. Moreover, some of them immediately work on what the client needs.

How?

Agreements, penalties, all this adds up and it turns out that the client can no longer repay the loan and must part with not only the car, but also other assets. Legally they can do this, but this is already dirty game. Nevertheless, this is also on the market.

The product itself is new. We opened representative offices in Crimea, Lvov, Odessa and, of course, Kiev. The portrait of the client in the regions is the same - an entrepreneur, but his assets, of course, are worse. The loan amounts and interest rates will simply be lower. The product is convenient for entrepreneurs. He stopped by, you helped - the goods were bought and sold, the salary was paid, and so on.

It turns out that those car pawnshops that work for buying are more aimed at individuals?

Yes, they buy everything. They practically “don’t filter” and just wait. Roughly speaking, the sooner the client’s “default” occurs, the better for them. Alas, all people are different, just like car pawn shops. It’s just that, unfortunately, those who work dirty leave a bad taste in people’s minds.

Well, let’s face it, people don’t associate the word “pawnshop” with anything particularly good. Of course, if we are talking about pledging your property as collateral, and not someone else’s.

This is true.

But at the same time, if you called yourself differently, you would also have to explain what you do.

Yes, you can’t escape the word “pawnshop”. We thought for a long time. But in the end, as in the case of the word “bank,” people immediately understand what is behind it. It's the same with the pawnshop. Everyone knows it and understands its meaning perfectly. Whatever one may say, the Romashka organization is inappropriate here, although I would very much like to isolate myself from the non-banking trend among car pawnshops.

How to identify unscrupulous players?

It’s very simple: their contracts are usually drawn up on behalf of not legal entities, but individuals, refusal to demonstrate parking. Our client parks the car himself. We record mileage. The act is issued to both him and us. The act of inspecting the car again - from him and from us.

So you take it for safekeeping?

Naturally. Sometimes it gets ridiculous - especially during inspection and recording of all scratches and other defects.

Probably very often clients discover something new?

Absolutely right (laughs). Especially if the machine has been used for more than a year.

How many companies work specifically on loans?

I know two or three companies on the market.

Have there been cases when clients wanted to get rid of their problem cars, cars with a dark past?

Sometimes they were brought with double unit numbers and so on. I’ll say right away - you can see everything in a person.

What are the prospects for car pawnshops?

Judging by statistics, about 200 thousand cars are bought every year in Ukraine. It turns out that our market is still growing, because people who have invested in cars may always need urgent money and we are still far from the full motorization of our population. However, the product itself is not mass-produced.

And if you also take into account the lifespan of cars in Ukraine, which is simply enormous, because the concept of car recycling is absent in principle.

Yes, this is partly why our market is growing too. Moreover, the banks themselves wanted to learn how to offer our service. They invited me to share my experience. I immediately warned that a bank is a bank. In two or three hours, even in a day, he will not be able to give money to the client. Because in a bank this is a whole procedure: one service reviewed it, transferred it to another, and so on. That is, you need to be very agile and agile, and the bank is a colossus.

Specialized in issuing cash secured by a car.

Motorcycle and hydraulic equipment (boat, jet ski), as well as buses and special equipment can also be used as collateral. The auto pawnshop issues short-term credit loans in the amount of 40 to 80% of the market value of the collateral at a certain percentage. In this case, a short-term loan agreement is drawn up, establishing the rights and obligations of both parties.

A feature of car pawnshops compared to other credit institutions 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, all documentation is completed and a loan is issued at a car pawnshop within 1 hour.

By accepting vehicles for storage, a car pawnshop guarantees the safety of property: the car is placed in a guarded parking lot and a transfer and acceptance certificate is drawn up, which records the mileage, the presence/absence of damage, and other important information about collateral.

Recently, companies have appeared that provide loans secured by cars, allowing the owner to continue using the vehicle. This service is called “Car Loan”. And the owner no longer has to leave his car in the Auto Pawnshop parking lot.

Conditions

The auto pawnshop issues loans secured by new and used domestic and foreign manufacturers, have 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 pawn shop, 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 own parking lot, but currently there is a service that gives the client the opportunity to use his car in personal purposes. This service is not a classic pawnshop lending scheme, but it is undoubtedly a more convenient scheme for the client.

Services

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

Story

Loans secured by property were first established in the 15th century in France by moneylenders who came from Lombardy, where the word “pawnshop” comes from. The car pawn shop 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 throughout America, but also in Europe. In Russia, the first car pawnshops appeared no more than 10 years ago, first in Moscow, and then in other major cities countries. The simplicity and efficiency of obtaining a loan, an adequate assessment of the cost of the car, a low interest rate and reliable guarantees for 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.

A car pawnshop is a commercial organization engaged in issuing short-term cash loans secured by a vehicle. Car pawnshops appeared in Russia about twenty years ago, so it cannot be said that such organizations are completely new to Russian residents, but such a service is still unknown broad masses don't know very well. We will tell you about the principles and conditions of operation of car pawnshops in Russia - read on for details.

How does a car pawnshop work?

The operating principle of car pawnshops in Russia is not particularly different from the work of clothing pawnshops that are more familiar to us: the client pledges a valuable item in the same way, in this case motor vehicle, and receives a loan.

Take it for yourself and tell your friends!