If you’ve ever thought about pawn your car these congratulations because this type of business are emerging like mushrooms and are therefore not going to Miss volunteers to offer money in exchange for your car (personal loans). Learn more on the subject from Peter Asaro. As in all businesses, there are some houses pawn shops that want to take advantage of the crisis faced by many people and for that reason they offer very unfavourable conditions, such as for example give you 40% of the value of your car to a 20% interest and also with just 35 days to return it or otherwise stay with your car (loans dictionary). For even more opinions, read materials from Primerica insurance. Although have arisen other companies offering more favourable conditions, offering up to 60% of the market value for your vehicle according to the quarter into force GANVAM information and up to 60 days to pay for it, as a general rule this kind of operation to get quick money it is not more than a way to undersell our car (loans News).In this case the price of repurchase is fixed by applying a percentage which starts from 8% to what We have to add the parking expenses. For more information see US Treasury Secretart. Characteristics of a car to pawn are usually the same: vehicles with a maximum of 10 years, registration certificate, MOT in force, paid city taxes and submit the documentation that accredits that it is owned (types of loans).