The Compensation Consortium already protects all insured cars in case of catastrophe

The Compensation Consortium already protects all insured cars in case of catastrophe

  • On Friday, July 1, a resolution of the Directorate General of Insurance (DGS) came into force, which includes this and other developments.
  • The 6.5 million vehicles that are insured only with the basic policy and that until now did not contribute to the CCS will have to start doing it.
  • The insurers themselves are responsible for feeding the coffers of the CCS through an amount or surcharge that is charged to the insured.

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 Vehicles submerged after a flood. 

The Insurance Compensation Consortium (CCS) already protects, in the event of catastrophe, all vehicles that have taken out an insurance of any kind, and not only those who have a full risk policy, as up to now.

All this thanks to the fact that on Friday, July 1, a resolution of the Directorate General of Insurance (DGS) came into force, which includes this and other developments.

On the one hand, the Consortium reduces from 2% to 1.5% the annual contribution that insurers make to their coffers through policies at all risk, due to the good health of the agency’s accounts due to the lower accident rate in the last years.

But the more than 6.5 million vehicles that are insured only with the basic policy – the mandatory civil liability – and that until now did not contribute to the CCS will have to start doing it to be covered in case of natural catastrophe.

These additions will mean more income for the Consortium, and that is precisely what allows you to reduce the contribution of policyholders with the most complete policies, as third parties with franchises or any risk.

And in the event that voluntary insurance coincides, be it civil liability or personal damages, with a civil liability insurance for the compulsory subscription of the car, only a surcharge would be obligatory, explains the resolution.


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Public entity

The Insurance Compensation Consortium is a public entity, which depends on the Ministry of Economy through the General Directorate of Insurance and Pension Funds and functions as a kind of insurance guarantee fund for certain incidents.

The insurers themselves are responsible for feeding the coffers of the CCS through an amount or surcharge that is charged to the insured and that serves so that the agency can take charge of the damages in case of catastrophic loss.

When a natural catastrophe occurs, such as major storms, floods, earthquakes, or damage to agricultural crops due to rain or hail, the Consortium pays an amount to those who have insurance in force to help cover the losses suffered in the accident.

The body was born provisionally in 1941, to respond to the compensation needs caused by the Civil War (1936-1939) In the case of car insurance, the agency also deals with the mandatory coverage of those who have not been Accepted by insurers and also covers damages caused by unknown vehicles, without insurance or stolen.

According to the data shown on the CCS website, the rate for extraordinary risks is an annual amount that is applied to the insured capital and depends on the loss.

For example, for damage to homes and communities of owners , it would amount to 0.08 per thousand of the insured capital; while for office damage it would be 0.12 per thousand; for shops, shopping centers or warehouses, 0.18 per thousand and for automobiles would be a fixed amount depending on the type of vehicle (for passenger cars, 3.50 euros).

The organization was born provisionally in 1941, to respond to the compensation needs originated by the Civil War (1936-1939) and was called Consortium of Mutiny Risk Compensation , and it was not until 1954 when it acquired a permanent character.

Throughout its history, the entity assumed other tasks such as those related to export credit insurance, combined agricultural insurance, compulsory insurance of civil liability of automobiles, compulsory insurance of travelers , the hunters and the of civil liability for nuclear risks.

In addition to the coverage offered by the CCS in certain branches to the damages caused by certain natural events such as cyclones, earthquakes or floods, it also acts to cover political-social incidents, such as terrorism, civil liability of the Armed Forces and Security Forces of the State and that are not assumed by private insurers.

Cars: morituri te salutan?

Cars: morituri te salutan?

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Manufacturers fight a fierce battle in Europe to gain market positions


Endless war in the European automotive industry. Nobody wants to give up a bigger piece of cake, and that’s why commercial offers are intensified, model renewal is accelerated and costs are adjusted to the maximum. Because even in an up market like the current one there are winners and losers.

In Spain we took the palm, but now the commercial battle is worse in the rest of Europe, “says José Antonio Bueno, consultant Roland Berger. Traditionally the competition has been tougher in Spain, because there is no dominant brand: there are five or six with shares of between 10 and 13%, while in Germany and Italy Volkswagen and Fiat exceed 20%. But now offers and discounts appear as a key element in mature markets such as German or French, where sales no longer register significant growth, at least not as spectacular as in Spain.

The battle is fought on all fronts. In the design centers, very pressured to reduce the time of development of models and to at the same time get more attractive products than competitors. In the factories, with continuous plans of reduction of costs. And finally, in the commercial networks.

There had never been such a wide range of products: just a dozen new items are about to arrive or are about to reach the market right now. Among them, the BMW 5 series. the Mercedes SLK, the Seat Altea, the Renault Modus, the Peugeot 407, the new Opel Astra, the Jaguar Familiar, the Mitsubishi Colt and the Smart four doors. And never have there been so many facilities to buy a car. Low interest rates facilitate offers to buy cars without paying entrance or postponing payments. The quota system with final residual value is also being imposed, that is to say, with a commitment to repurchase after a few years by the concessionaire or manufacturer. Is it a concept derived from ‘renting’, which facilitates the acquisition and converts the car into a fixed monthly expense such as renting the house, children’s school or the credit card fee, says Joan Pla, director General de Quadis, the first group of dealers in Spain. Here, the English Court has specialized in this modality to break into the automobile market.


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Aesthetics, not only technology, is a key element, as can be seen with the pull of the sales of convertibles in Europe (they grew by 17% in 2003). For that reason, not getting the right model is very expensive. This is what is happening to Volkswagen, which sees its European leadership threatened, after the semi-generation of the fifth generation of the Golf, which have only started to take off after having lowered prices. The slowness in the renewal of its range is behind the problems of Volkswagen. Quite the opposite of what happens to its high-end subsidiary Audi, which contributes almost three quarters of the group’s profits.

With VW losing gas, Fiat in crisis and Opel with an uncertain future, in the side of the winners appears first the Japanese Toyota. Toyota was a sleeping giant that is stealing market forced marches, admits one of its competitors. In this first quarter its sales in Europe have grown by 22.7% while the whole market has only made 3.2%. His secret: quality products throughout the range, including off-road vehicles, and now also good marketing. The Japanese colossus plans to increase its production capacity in Europe by more than 50% next year, to some 760,000 units. It will expand the production of its plants in France, the United Kingdom and Turkey, but its growth will come mainly from the Czech Republic, where it is building a joint factory with the French group PSA (PeugeotCitroën).

The two French manufacturers PSA and Renault have been benefiting from this fierce competition and their models, cheaper than those of Volkswagen, are today appreciated in the market. Renault is possibly the brand that maintains a more daring strategy, and its president. Louis Schweitzer, seems to take for granted that all the champions have some failure in their career. The most recent of Renault has been the Avantime, which stopped being manufactured a few months after being put on sale. His next challenge: the 5,000 euro car, which he plans to bring to market next fall. An economic model, but with all the international requirements in terms of safety and polluting emissions.

Its competitors put in doubt, but Schweitzer argues that, thanks to a good programming of costs, do you get the numbers? It will be initially manufactured in Romania (at the Dacia plant, owned by Renault). Later, the industrial plans will take the manufacture also to Russia and Morocco and for the year 2006 it is thought of Colombia and Iran. The war thus extends to emerging markets.

Mallorca-Police: Protection for rental cars abroad

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Where does the name Mallorca-Police come from?

With your own car difficult to reach, but best to explore on four wheels: Mallorca is the typical holiday destination where German tourists like to rent a car. Thus, in reference to the popular Mediterranean island, the name “Mallorca Police” emerged. The official title is “Insurance for the use of foreign, insurable vehicles”.

However, since the nickname is much more catchy, he has even prevailed in the insurance policy in their contract terms. However, the expression can also be confusing, because the additional insurance is by no means only on the Spanish island, but in the entire European foreign countries. As soon as you rent a car somewhere on the continent, a conclusion of the Majorca policy theoretically in question for you. The worldwide equivalent is the Traveler Police.

Why should I conclude a Majorca policy?

The German legislator has set minimum cover amounts for the motor vehicle liability insurance, which amounts to 7.5 million euros for personal injury and 1.12 million euros for property damage. Almost all German insurance companies exceed this minimum standard with their tariffs significantly, the extended coverage is depending on the provider usually between 50 and 100 million euros. Motorists who cause an accident in this country can therefore almost always assume that their insurance fully bears the financial consequences.

In other European countries that looks quite different. It can therefore be very risky to rely as a vacationer alone on the car insurance of the rental car, which may not pay beyond the applicable statutory minimum coverage. The border can be clearly exceeded, especially if other people are harmed and permanently dependent on treatments and support in everyday life. In the worst case, the accident causer threatens financial ruin.


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Legal minimum coverage

The minimum statutory cover for motor vehicle liability is only so high in very few countries that motorists can rely on them with a clear conscience. In some states, however, it is even so low that a deductible for major damage is very likely. These are the countries with the lowest minimum coverage:

place country Personal injury per accident Property damage per accident
1 Turkey 421,379 EUR 16,855 EUR
2 Greece EUR 1 million EUR 1 million
3 Czech Republic EUR 1.35 million EUR 1.35 million
4 Italy EUR 2.5 million 500,000 euros
5 Switzerland EUR 4.1 million EUR 4.1 million
6 Liechtenstein EUR 5 million EUR 1 million
7 Poland EUR 5 million EUR 1 million
8th Romania EUR 5 million EUR 1 million
9 Slovak Republic EUR 5 million EUR 1 million
10 Slovenia EUR 5 million EUR 1 million
comparison Germany EUR 7.5 million EUR 1,12 million

Finally, as well as Turkey and Greece as popular travel destinations, Italy is also a country in which the minimum statutory cover of 2.5 million euros for personal injury and 500,000 euros for property damage is rather small.

In some countries, the coverage amounts are not capped:

place country Personal injury per accident Property damage per accident
1 France unlimited EUR 1,12 million
2 Great Britain unlimited EUR 1.21 million
3 Ireland unlimited EUR 1.21 million
4 Norway unlimited EUR 1.24 million
5 Finland unlimited EUR 3 million
6 Belgium unlimited EUR 100 million
7 Luxembourg unlimited unlimited

Increased risk of accidents abroad

But how likely is it that you cause a car accident on vacation? Even if you’ve had your driving license a long time ago and are traveling accident-free for years, you should not just rely on your ability to drive behind the wheel – especially abroad – when it comes to car accidents.

Here is an increased risk of accidents, because much is unfamiliar to you: The rental car is unfamiliar and also roads and terrain often make other demands on you than the circumstances at home. In addition, it is almost impossible to familiarize yourself in advance with all road signs and traffic rules. The increased accident risk, which results, makes the conclusion of a Majorca policy for all tourists makes sense who take a rental car abroad.

And if you always spend your holidays in Germany? In Germany, you do not need additional protection for rental cars. But it is still worth considering the Mallorca clause. Although many policyholders argue that they do not need such protection because they do not rent a car abroad. However, when it comes to this, it is usually forgotten to take out a suitable insurance cover.


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Where can I conclude a Majorca policy?

The term “Mallorca clause” suggests it already: The additional insurance for rental cars can be concluded as part of the regular motor vehicle liability insurance for your own car. In some rates this clause is automatically included, in others it must be explicitly added. If you are planning a trip abroad and are not sure whether you already have a Majorca policy, be sure to check the terms and conditions of your motor vehicle liability insurance – to avoid double insurance.

If you find that a Majorca policy is not part of your motor vehicle liability, you have two options: Most insurers offer the additional insurance in principle, so you can ask your provider for a supplement or another tariff. The Majorca policy alone costs as a supplement often only 8 to 15 euros extra per year. If the higher tariff is also accompanied by a higher coverage amount, this is sometimes only a few euros more expensive – but larger price jumps are possible. Here a comparison is recommended.

Tip: Take no-claims discount for your motor vehicle liability

Check if claiming the Majorca policy would affect the no-claims discount on your motor vehicle liability insurance for your own car. This should not be the case. In the contract terms, it is excluded by a passage such as: “Despite notification of a loss event, the contract is considered to be free of damage if one of the following conditions exists. […] These are merely compensation or provision for damages for the Majorca Police “.

If you can not find a comparable clause in your contract, ask your car insurance provider for safety.

Alternatively, you can also complete the Mallorca policy separately with another provider. The price in this case depends mostly on the period of validity. Finally, the ADAC points out that the Mallorca policy may already be included if you book your rental car by credit card.

Scope and validity of the Majorca policy

As a rule of thumb, you can remember that the Mallorca policy applies throughout Europe. However, not all providers define this area the same. So it may be that one insurer only includes the EU area, while the tariff of another includes not only all European countries, but also non-European Mediterranean countries such as Tunisia. Furthermore, in countries such as Turkey and Russia, the question arises as to whether, in addition to the European one, the Asian part will also be covered by the tariff. If you have appropriate travel plans, you should consider offers.

You should also look at the terms of the contract, which drivers are covered by the insurance. In addition to the policyholder, his spouse or partner is often included. If, for example, you also want to leave the rental car to friends or your children, please discuss this in advance with your insurer.

The validity of the Mallorca policy varies from provider to provider and is often between one and three months from the rental of the rental car. In the case of a separately concluded insurance policy, you may have the choice of how long the insurance cover should last – for an additional charge, longer validity periods are also possible.

Good to know: Worldwide Policies for the USA and Co.

If you need insurance coverage similar to the Majorca policy for the US and other non-European countries, you should take out a traveler’s policy. This covers almost worldwide, only developing and crisis countries are often excluded from the insurance.


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Insurance coverage of the Majorca policy

As explained at the beginning, the Majorca policy is an additional insurance that is intended to close an insurance gap. If a rental car that you borrow abroad is underinsured in an accident, the provider of the Majorca policy pays the difference between the cover and the sum insured. Up to what amount he jumps, you can see the respective contract terms. Coverage is usually between 8 and 15 million euros per damaged person and 50 to 100 million euros for property damage.

If the damage sum is covered by the car insurance of the rental car, the additional insurance will not be used.

What is the best time to change cars?

From an economic point of view, a car is a ruinous investment . It is quite expensive and you have many expenses: fuel , maintenance, repairs, insurance, ITV, taxes … However, for many people it is essential, most of the time for work reasons. If you are part of this group of people “forced” to own a vehicle and are thinking of renewing it soon, we will explain below what are the most important variables to consider in order to know what is the best time to change cars.


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The three determining factors for changing car

  1. Antiquity.

A car depreciates very fast. As you enroll and exit through the door of the dealer has already lost about 20% of its value. In the following six years, the depreciation is 10% per year. From there it is damped up to 5%.

This means that after ten years a vehicle in Spain is worth an average of 87% less than when it was purchased. I mean, nothing.

If you want to change your car and not lose too much money you only have two options left: either you sell it before the first four years , when you can still “win” something with it; or after ten years, when it is already more than amortized.

  1. Mileage.

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The mileage of the car is the second most important variable to take into account if we want to sell it. Before two identical vehicles (same brand, same model, same engine, same age …), the number of kilometers will determine the price difference .

In general, diesel vehicles lower their price much when they exceed 150,000 kilometers. However, with petrol cars this loss of value occurs at 120,000. If the vehicle exceeds 300,000 kilometers and fifteen years, it is considered outside its area of ​​use and it will be very difficult to sell it.

  1. General health status of the car.

The first signs of car wear are detected after the fifth year or 70,000 kilometers. From there, the costs of repairs are much higher, so many owners turn a blind eye and leave them aside.

The sale price of your vehicle may be higher if maintenance throughout its life has been adequate. Many buyers will value with a plus that repairs have been made at the official dealer and that the seller has invoices to prove it.

In short, if all of a sudden the maintenance costs start to become habitual, there you have a sales signal. These expenses will increase with the passage of time and maybe you will be compensated to renew the car to avoid them.

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Police inspect cars for stolen goods

Because the number of burglaries has risen again in South Holstein, the police wants to control more there. In the circles Pinneberg and Segeberg the officials want to stop more motorists and search their car for stolen goods or burglary tools. In the announced “stopping and visual checks” policemen are allowed to control motorists without any special reason. In the past two weeks alone, South Holstein has broken into 80 apartments and houses.

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Secure house and apartment against burglary


With the onset of the dark season, the danger of burglary also increases. But with the right behavior and modern safety technology, many burglars are deterred. more

Almost every second burglary attempt fails


Now the number of burglaries is increasing again. In September, for example, there were already significantly more slumps than in May. But: Every second burglary attempt has failed. more


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Pawn of cars in Spain What is the best online offer?

Pawn of cars in Spain How to apply? 

The car pawn Do you know what it is? …

On more than one occasion I have talked about getting a loan using our car as a guarantee of payment of that loan.

This financial agreement is known as ” Pawn a car ” but this has many nuances because in Spain the commitment of cars is typified by law.

It is very important to know all the details of this non-bank financial product since our own vehicle is at stake.

Knowing these details will allow you to make the best decision if you see yourself in need of financing outside of banks.

Are you interested in knowing what is the commitment of cars in Spain? …

Index of contents of this article

  • What is car pawn?
  • Pawn shops of cars in Spain
    • GedesCoche
    • PrestaCar
    • Ibancar
  • How do the car pawn houses work?
  • Advantages of vehicle pawn
  • What do you have to know before pawning a car?
  • Alternatives to pawn your car
  • How to pawn the car online?
    • Guide to pawn a car
  • Pawn car without delivering
  • Pawn of cars over 10 years
  • Opinions on car pawn
  • Do you already know how to pawn your car on the Internet?

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What is car pawn?

If we want to understand exactly what the car endeavor is, we have to know a little about what the pawns are.

The verb pawn refers to the action of leaving something of one’s own as a guarantee of the return of a loan or the fulfillment of a commitment.

Once the obligation in question is satisfied, the person returns to take over the object entailed.

If we talk about pawning jewelry the person delivers their jewelry and gets a loan for them and when returning the borrowed money the person recovers his jewelry.

In the case of requesting credit for your car instead of pawning your jewelry or something else of value, you commit the title of your vehicle to obtain a quick loan in cash.

The title of your car is used to secure your loan as a guarantee.

But unlike a common pawnshop where you have to give your possession as collateral in deposit, the car pawn on almost every occasion allows you to use your car even after you have pawned it .

Of the commitment of vehicles without deposit I will talk to you later, let’s focus now on knowing the car pawn shops in Spain and how they work.

Car pawning in Spain through the Internet is a quick way to get money without importing ASNEF or outstanding debts. Learn what car endeavor is Click to tweet

Pawn shops of cars in Spain

What are known as car pawn shops are today more financial than they accept your vehicle as a guarantee of payment of a loan.

To obtain the highest degree of security possible I advise you to go to pawn shops of vehicles only duly registered.

Another option or alternative to traditional pawnshops are web platforms that offer the possibility of pawning your car online .

In this way you can access financing through a credit for your car on the Internet.

In Spanish territory we could talk about three main car pawn shops, which work in the online framework.

They offer their product online and part of the application process is processed online, let’s see what each of them offers.


The financial company GedesCoche belongs to the Gedesco group that was incorporated in Valencia on April 25, 2001.

GedesCoche operates as a car pawn shop through the Internet , offering its users the possibility of requesting their services comfortably from an Internet connection.

It operates throughout the peninsula with a high volume of business and being one of the most flexible when it comes to pawn your car.

The main features of this car pawn service are the following:

  • Maximum amount to request: € 10,000
  • Maximum age that they accept in vehicles: 10 years
  • You have to leave your vehicle in deposit: No
  • It has some cost to continue using your car: Yes
  • Accept users without payroll: Yes
  • Accept ASNEF and RAI: Yes
  • Maximum amount for your car: 50%
  • Change of Owner: YES
  • Amortizes Capital in installments: No
  • Coverage: Peninsula only

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These are the main characteristics of GedesCoche and its financial product, I have to say that in my opinion it is one of the best offers that can be found on the Internet today if you want to pawn your car.

What I like least about this car pawn service is that it does not work for the Canary Islands or the Balearic Islands , if you find yourself in one of these locations this option will not work for you.


Another of the best known financial to get money for your car is PrestaCars, this company is a financial broker that helps you get money for your car through the Internet.

You have two ways to get that money, one can be pawning your car and another could be selling it.

If you are looking to sell your car with Prestacars it puts you in contact with buyers who are looking for what you sell. A way to get money for your car quickly.

With Prestacars Spain get the money you need in a simple way, your guarantee will be your car. You can continue enjoying it and forget the financial problems.

Let’s now know the main features of Prestacars and its vehicle pawn service:

  • Maximum amount to request: € 10,000
  • Maximum age that they accept in vehicles: 10 years
  • You have to leave your vehicle in deposit: No
  • It has some cost to continue using your car: Yes
  • Accept users without payroll: Yes
  • Accept ASNEF and RAI: Yes
  • Maximum amount for your car: 50%
  • Change of Owner: YES
  • Amortizes Capital in installments: No
  • Coverage: Peninsula only

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While it is true that this company is not one of the best known on the Internet to pawn your car if it is true that the option to sell it is also a plus in its service.

Taking into account its characteristics and that it is a broker you may be interested to know More about PrestaCars.


Now I will talk about another of the main financiers that pawn cars in Spain, it is the Ibancar company, this financial company is a registered trademark of Excom Salduba SL active since 2010 manages a customer portfolio of more than 30,000 users.

This company operates from Málaga and provides coverage throughout Spain (including Canary and Balearic Islands), specializing in mortgage loans secured by vehicles (vehicle pawn) give users excellent service.

Let’s see now the main features of this car pawn service:

  • Maximum amount to request: € 6,000
  • Maximum age that they accept in vehicles: 13 years
  • You have to leave your vehicle in deposit: No
  • It has some cost to continue using your car: No
  • Accept users without payroll: No
  • Accept ASNEF and RAI: Yes
  • Maximum amount for your car: 70%
  • Change of Owner: No
  • Amortizes Capital in installments: Yes
  • Coverage: All Spanish territory


If you tell me that highlights two of the best features of this product would say that on the one hand is that it accepts cars over 10 years and on the other hand that you can request a car commitment from anywhere in Spain.

If you are in the Canary Islands or the Balearic Islands, you will surely appreciate this non-banking financial product.

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How do the car pawn houses work?

When you have an unexpected expense and do not have the cash to make ends meet, you have several options, even if your credit history is wrong or if you are in the ASNEF.

Car pawn loans can be just one option to consider until you can redirect your economy.

Not only can you avoid the process and the unpredictability of applying for a traditional loan at your bank, but you can usually get the cash quickly.

Maybe you’re wondering … How do the car pawn houses work?

For years, pawnshops have been represented as a last resort for desperate people looking for quick cash.

The reality is very different. Pawn brokers are licensed at the national, provincial and local levels and offer financial security to those who can not obtain a loan through a bank or other lending company.

Pawning a car through an authorized broker often does not require a credit check, and is fast and safe.

The recent economic downturn has led many people to wonder how to pawn their car to get money they need urgently .

When you pawn your vehicle, it is usually retained by the pawnshop until the loan amount is paid.

If you do not reimburse the total loan amount at the agreed time, the vehicle is lost and becomes the property of the store, which will then resell the car to recover your losses.

I encourage you to know the consequences of non-payment of a credit for your car and how to avoid those consequences.

NOTE: Remember that pawning your car means that if you do not pay the borrowed money you will definitely lose your car.

Advantages of vehicle pawn

Knowing the advantages of car pawning can help you tell if it can be interesting for you or not.

The main advantages are that you can apply for your loan regardless of the ASNEF or RAI, and in some pawnshops you do not need to show recurring income.

When you deliver your car as a guarantee of payment of a loan, it is normal that your outstanding debts do not matter.

Another very interesting advantage is that you can apply online, which will help you get your money quickly.

Unlike when other types of objects are pledged , when pawning a car it is not always necessary to leave it in deposit, some car pawn shops allow you to continue using it.

If you want to know more about this topic you can read the article that talks about the advantages of requesting money for your car on the Internet.

What do you have to know before pawning a car?

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You must keep in mind some things when you plan to pawn your car to get money .

There are pawnbrokers who will buy your car directly, but most are in business to offer collateral-based loans.

They plan to pay the loan amount with interest and return to recover your property.

The car pawn shops are designed to help you keep your car, while you use it to get extra money.

These pawn shops do not give loans for the total price of the vehicle, often only accept cars under 10 years and only give you a maximum of 50% of the sale value of the same.

All pawnshops are not the same. The price that a pawn shop offers for a vehicle can vary based on many factors, even if they have similar vehicles as collateral and what percentage of real value they offered for it.

So it is highly recommended to get more than one offer before deciding with whom to pawn your car.

Another thing to keep in mind before saying pawn your vehicle is to be very clear that if you do not pay the loan you will totally lose the vehicle.

This is not a game, nor are there excuses, if you do not pay you lose ownership of your car.

Learn everything you need to know before pawning a car to get fast money without importing ASNEF. Click to tweet

Alternatives to pawn your car

It is possible that you are thinking that in your case it is not a good idea to pawn your car to get money , this is completely legitimate.

Let’s see now some alternatives to pawn your car to get the money you need quickly.

If you have decided that you do not want to apply for a loan for your car and you need more than € 1,000, the other option you have is online loans.

To give you an example, if you are in the ASNEF and you are looking for a loan of € 4,000 and you do not have an endorsement, you could apply for a loan in MONEDO.

Monedo is an online finance company that accepts users with ASNEF registration if this registration does not belong to a non-payment for financing products.

Get more information about this online financial ➜ Currency

Another plausible alternative for not having to pawn your car may be to use a property as collateral.

If you need more than € 5,000 and you have a house you could get a loan up to € 300,000, regardless of whether you are in the ASNEF.

With more than 10 years of experience in Europe, Suizainvest is a private equity financial institution specialized in the granting of loans with mortgage guarantee at a national level, which operates with offices in Barcelona and Madrid.

Suizainvest is registered with the Spanish Consumer Agency, which guarantees compliance with Law 2/2009, of May 31, which regulates the contracting of mortgage loans and intermediation services with consumers.

The advantages of this financial are many, let’s see some of them:

  • The money is transferred to the client’s bank account in a few minutes, without paperwork or guarantees.
  • The entire process is done 100% online.
  • Identification of the user through Facebook or Linkedin.
  • They offer adequate payment terms of 35 days.
  • There are no hidden costs.
  • Operational through secure data verification and payment methods.

Suizainvest offers financial solutions that adapt to your personal needs and also takes into account the urgency of the moment.

Get more free information now ➜ Suizainvest

As you can appreciate there are alternatives to the commitment of your vehicle, you just have to decide which is more interesting in your case.

How to pawn the car online?

If after analyzing the alternatives to the commitment of cars you have decided that none can help you, let’s take another step and learn how to pawn the car online safely.

At this point I want to be very clear, many users write me asking how you can pawn a car on the Internet , and today I want to give an answer that everyone can understand.

Discover what are the requirements to get money for your car through the Internet in less than 48 hours.

I have created a guide to pawn a car through the Internet and do it safely and not be scammed or cheated in the attempt.


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Guide to pawn a car

In this practical guide we will analyze one by one the steps to follow to get that money you need with the guarantee of your car.

Let’s start: …

  1. Choose where to apply: The first thing we have to do is decide where we will apply for this loan, for that it is advisable to visit a car pawn comparator.
  2. Ensure that it is a secure site: The second step would be to be sure that the website where we offer the loan for our car is a safe place and where our data are protected.
  3. Request an offer of commitment without commitment: The third step is to request an offer in writing for the commitment of our car, where all the details are well reflected.
  4. Compare the offer: The fourth step, always highly recommended, is to compare the offers (it is advisable, before deciding on a pawnshop, request offers in others).
  5. Do not rush to make a decision: The fifth step and no less important is to take the time to analyze all offers, see the details and decide based on them.
  6. Confirm our choice: Once we have decided with what offer we are going to stay, we must confirm it to the pawnshop in question.

With these six simple steps we can safely complete the loan with our car. Most of the process is done online, so confidentiality is more than guaranteed.

You’ll agree with me that it’s not that complicated either.

Pawn car without delivering

Empeñar coche sin entregarlo

After seeing what are the steps to mortgage a car you may be wondering … Can I pawn my car without delivering it?

The answer is that, if you can mortgage your car without having to leave it in deposit , there are some pawnshops that allow you this option.

The effort of car without deposit is a reality that allows users to mortgage their vehicle without having to stop using it every day.

This is a good option for many people who work with your car and can not afford to leave it on deposit.

So to mortgage your car and continue using it is possible, find out how to do it in IbanCar .

Pawn of cars over 10 years

One obstacle that users usually find when trying to mortgage their car is that cars over 10 years old can not be used.

So … How to pawn a car more than 10 years old?

If your vehicle is more than 10 years old and you need to use it as collateral for a loan there is an option that can help you.

In Spain, a financial company offers loans for vehicles over 10 years old and offers up to 70% of its market value.

I recommend that you read the article ” Loan for your car over 10 years ” will help you better understand how these types of loans work and you will also discover what their advantages are.

If you find yourself in this situation I recommend you request information ➜ Request Information Free

Opinions on car pawn

If you still have doubts about the practicality of mortgaging your car or do not analyze some opinions about car payroll in Spain.

Knowing what users think that they have used this service can help you decide if it is good for you.

Let’s see some opinions rescued from the user experience service:

  • 06/02/2018 | ✓ I got the money I needed in 48 hours and I still use my car to go to work, I am in the asnef
  • 06/08/2018 | ✘ I have tried to pawn my car to get € 5,000 that I need but everyone tells me that my car is very old
  • 06/10/2018 | ✓ I never thought about mortgaging my car but when I was about to lose my house because it left several letters of the mortgage I help pay the debt and not lose it, I heartily recommend that if you need a quick rate this is a good option to get it
  • 06/14/2018 | ✓ I just pawn the car and I got € 4,000 while I was at the asnef and my bank told me that I did not even get one euro
  • 06/17/2018 | ✓ my car is 12 years old and you can still use it as a guarantee of my loan, thank you very much for the help
  • 06/20/2018 | ✓ Mortgaging my car helped me to repay my outstanding debts and have another opportunity to direct my economy
  • 07/03/2018 | ✘ Canary Islands do not accept requests

Do you already know how to pawn your car on the Internet?

As a summary of this article the question would be … Do you already know how to pawn your car on the Internet?

We have been talking about how you can pawn or mortgage a car through the Internet.

We have also learned which are the best car pawn shops in Spain and what are their main characteristics.

We have discovered some alternatives to mortgage a car, and how we can benefit from these alternatives.

I hope it has helped you to understand a little more how this topic works, if you have doubts you already know that I will gladly answer them.

If you like the article, I’d appreciate it if you share it on your favorite social networks.