GedesCoche - Money with your car as collateral
(Analysis assessment)
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Gedescoche : Get up to € 10,000 with just your car (APR does not apply%)
| What type of financing does Gedescoche offer? | Car Pawn , Credit Checker Loans, No Payroll Loans |
| What is the maximum credit granted by Gedescoche? | € 10,000 |
| And the minimum? | € 800 |
| How much can I have in the first loan? | 50% vehicle value |
| Is the first loan free and interest-free? | NO |
| Do you have other offers? | NO |
| What is the maximum term allowed by Gedescoche to return the money? | 10 years |
| And the minimum return period? | 30 days |
| How long does it take to give me an answer? | Less than 24 hours |
| In what time will I be able to have the money? | 24 hours |
| Do I need to have a payroll to access Gedescoche mini-credits? | NO |
| Is Gedescoche going to request a guarantee? | YES (Car as a guarantee) |
| Will my application be denied if I am on Credit Checker? | NO |
| What is the maximum debt that Gedescoche allows in Credit Checker? | Do not specify |
| Can I request a loan from Gedescoche if I am a company? | YES |
| What if I am self-employed? | YES |
| Will you accept my application if I am unemployed? | YES |
| What if I am a pensioner? | YES |
| Is there a maximum age to request a loan with Gedescoche? | 65 years |
| And a minimum age? | 18 years |
| Are there any other requirements? | Have a vehicle less than 10 years old |
| Can I use Instantor to validate my data? | NO |
| Can I cancel my credit early? | YES, at 0% |
| Does the cancellation imply any expense or savings in the total cost of the loan? | For free |
| Is there a possibility of an extension? | YES |
| What are the costs and expenses of extending the credit? | Interest generated |
| Do you have a simulator on your website? | NO |
| Does your simulator include the loan costs? | NO |
| And the extra costs like the extensions? | NO |
| What means does Gedescoche offer to receive my money? | Wire transfer |
| Can I receive the money with Hal-Cash? | NO |
| And what are the accepted ways to return it? | Account charge |
| Which banks do you work with to streamline procedures? |
| Full payment + Rental fee |
Gedescoche: Analysis and opinion
Highlights: Up to 10,000 with vehicle guarantee 
Gedesco is a company established in the financial sector that has been providing liquidity to small companies and self-employed workers for more than a decade .
Getting a significant amount of cash was not possible if we did not resort to traditional credit. Fortunately, new financing formulas have been developed that offer a wide range of possibilities. One of these formulas is the car pawn, an area in which Gedesco has launched a new product that allows us to get quick money using our car as collateral.
What is GesdesCoche
Under the name of GesdesCoche is the car pawn service that Gedesco uses for individuals . With GesdesCoche, the customer can get up to 10,000 US dollars in less than 24 hours simply by pawning his vehicle . Therefore, it is not necessary to submit excessive documentation or guarantees . A few short and simple procedures are enough to have a considerable amount of cash in just 24 hours.
The great advantage that GesdesCoche offers is that, even though the car becomes the property of Gedesco on a temporary basis, the user can continue to use it , or even another model, simply through a rental fee. Therefore, it is not a question of getting rid of the vehicle to obtain liquidity, but of giving up its ownership while the amount received on loan is repaid.
How GesdesCoche works
To benefit from this service, it is necessary to be of legal age, a resident of the Peninsula or the Balearic Islands, have a fully paid car ownership without a reservation of ownership and meet a series of fairly flexible conditions. Anyone who meets these requirements can receive a liquidity injection in less than 24 hours while being allowed to continue enjoying your car , without having to prove solvency or have an immaculate credit history.
It is as simple as contacting GedesCoche Car Pawn and providing them with the make and model of our vehicle . GedesCoche guarantees that the valuation we receive will be the maximum possible according to the Ganvam statistical guide and also the client has the assurance that he will be able to enjoy a minimum credit of at least 50% of the appraised value of the car .
All you have to do is prove with documentation that you are the owner of a vehicle that is no more than seven years old (ten if it is high-end), that it has the ITV in order and that the road tax is paid.
The client will only have to pay the administrative costs derived from the change of ownership of the vehicle and a rental fee (adjusted according to the vehicle) for as long as he continues to drive the car and the credit is returned .
Advantages and disadvantages of GesdesCoche
Apart from the obvious advantage of not having to give up the use of the vehicle to obtain the necessary money, another benefit of this system is that the client is not overwhelmed by a deadline , as in other vehicle endeavors. You can continue using the car for as long as you want while paying the rental fees , and to regain ownership, you just need to return the same amount that was loaned to you, without interest or surcharges.
This absence of a rigid period in which the money granted by GesdesCoche has to be repaid makes it possible to face this circumstance with much less pressure, which is why it can be said that it constitutes the most flexible car pawn system on the market .
On the other hand, if the client finally cannot meet the total amount, he can entrust GedesCoche with the sale of the vehicle , and the money obtained in exchange for it, is immediately deducted from the loan to be repaid .
As the main drawback we can see the fact that they only grant a maximum of 50% of the appraised value .
Contact details
If you need to contact Gedescoche you can do it either by phone or by email from Monday to Friday from 8:30 a.m. to 7:30 p.m.
- Email : informacion@gedescoche.es
- Telephone : 900 900 550
conclusion
GesdesCoche is a simple and fast way to obtain financing . Of course, it is not the cheapest or the one that offers the best conditions , but it is a very valid formula for those people who could not have access to credits in the traditional circuit . Its flexibility and not giving up the use of the vehicle are its best assets, although on the contrary, the granting of money for a maximum value of 50% of the vehicle's appraisal is well below other car pawn companies , that can offer 60, 70 or even 80%.
Therefore GesdesCoche, Gedesco's car pawn product, is an interesting option, although not a perfect one, that the client should evaluate as a whole to decide if it is the one that best suits their circumstances. If you are looking to obtain money using your car as collateral, we recommend that you also value the CocheGo option and choose the one that best suits your situation and offers the best conditions.
What is the credit granted by Gedescoche?
Gedescoche grants a minimum credit of at least 50% of the appraised value of our vehicle up to a maximum of 10,000 US dollars .
Do we need an endorsement?
Gedescoche offers a car pawn loan service, in which the vehicle acts as collateral or guarantee of payment.
What conditions does Gedescoche require?
If you are interested in applying for a loan with a vehicle as payment guarantee, Gedescoche will require that you meet the following requirements:
- Reside in the Peninsula or the Balearic Islands (Does not admit residents of the Canary Islands),
- Be the owner of the vehicle,
- Have a vehicle with an age of less than 10 years,
- That there is no reservation of ownership over the vehicle.
Does Gedescoche grant loans to clients with Credit Checker?
Yes , Gedescoche accepts requests from clients included in Credit Checker and other delinquency files.
Is ownership of the used vehicle lost?
Yes , Gedescoche's financing system is based on the sale of the vehicle that we pawn and that entails the loss of ownership.
In the event that we are interested in recovering the vehicle, we can buy the car again at any time by paying the same amount that we receive for its sale, without commissions or extra interest.
Is it possible to continue driving the delivered vehicle?
Yes . Although we cease to be the owners of the vehicle, Gedescoche allows us to continue using it by paying a rental fee.
How old can the car be?
The vehicle used as payment guarantee must be less than 10 years old , free of charges and not be an industrial type vehicle.
How can we contact Gedescoche?
We can contact Gedescoche by phone 900 906 690 , or by sending an email to the following address: information@gedescoche.es
If we prefer, we can also contact your online chat service through your website, or fill out an online contact form and wait for your call .
What documentation must be presented?
The documentation required by Gedescoche is the following :
- Document proving our identity (ID, passport ...),
- Technical sheet of the vehicle delivered as a guarantee of payment,
- Vehicle circulation permit to prove that it is our property,
- ITV in force,
- Annual circulation tax with current payments.
Can the vehicle be lost if we don't pay?
Indeed, any problem of non-payment may be a reason for us not being able to recover the vehicle deposited as a guarantee of payment . We must bear in mind that we lose ownership when requesting financing, so the only way to recover the vehicle is to comply with the return payments set by the company.
