Are car pawn shops gold mines?

…for the owner?

I looked into it out of boredom.

In some cases, interest rates of 10% per month are charged, which is insanely high. Of course, the costs for storage, the appraiser, and the office and staff are high, but they often earn several thousand per car.

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Christiangt
2 years ago

No legal deposit lender in Germany takes 10 percent interest.