Pawnbrokers business up as recession hits
The mega-rich, used to a life of driving around in sports cars are feeling the credit crunch pinch‚ pawning designer watches, super cars and even aeroplanes to cope with the recession.
Online pawnbrokers Borro, revealed they have been offered the amazing haul of goodies by hard-up bankers, stockbrokers, premiership football stars and desperate property developers.
The products that Borro has raised short term loans against recently are two Ferraris, a Porsche, six Rolex watches, 5 Breitling watches‚ and the aeroplane. The super cars and watches are all stored at secure facilities during the short term loan period.
The Ferrari F430s are worth a total of £270,000 and were pawned by bankers who lost their jobs after the recession hit.
Car pawn is a growing business for Borro, and the pawnbrokers will happily value any car to give a short term loan against it. It’s the same with watches, whether they are Tag Heures, Breitlings or Rolex time pieces. If you would like to pawn an item just call our pawnbroking line.
