Pawn Shop Price Calculator | Nearest Pawn Shop | Know your worth!

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Want to know the secret behind pawn shop prices?

Use a free pawn shop price calculator. Knowing how pawn shops determine prices is key to getting a good deal at a pawn shop near you. Use the only consumer pawn calculator free by selecting the pawn calculator or jewelry pawn calculator on our menu.

Consider this when visiting your nearest pawn shop:

1) The item’s re-sale value

This is probably the most important variable in determining pawn shop prices. Do pawn shops take in electronics? Yes most do. Do pawn shops take in jewelry & diamonds? Yes most do.

For electronics and general merchandise, pawn shops search online for average prices, mixed with percieved demand online and in-store for your item. Concerning jewelry & diamonds, pawn shops check current stock prices of precious metals and stones. Compared to general merchandise, pawn shops pay you a higeher percentage of the item’s value.

2) Depreciation

To understand how pawn shops determine pawn shop price, we have to make a distinction between jewelry and general merchandise. The rule of thumb is general merchandise depreciates almost always – and gold, platinum, and silver go up and down in value unpredictably. From the pawn shop owner’s perspective betting on pawn loans can be quite risky. Keep this in mind and expect about 30-60% of your item’s resale value because the pawn shop does consider depreceiation.

3) The Pawn Shop Business Model

The pawn shop business model is straightforward..

A. They evaluate your item’s worth

B. They offer you a portion of that value

C. If you don’t pay-back they sell it

Pawn shops have to leave room on your item’s current value to make a profit on either interest or the sale of your item if you can’t pay-back your loan. They have to pay their employees and operating costs to stay in business. In most cases pawn shops rather you go back and redeem your item out of pawn to collect the interest charges on the pawn loan. Pawn shops know that selling used merchandise is mostly more difficult than selling new stuff.

4) Customer Loyalty at a Pawn Shop

Customer loyalty can make a big difference in pawn shop prices offered to you!

Pawn shops are ready to lend more money to people who have a track-record of redeeming their loans. Remember a pawn shop would rather you get your item back so they can collect interest charges. And if you generally return for your item they calculate a lower risk of default on pawn loans. Selling merchandise is a other task that pawn shops would rather avoid because it costs additional time and money.

Consider this if you plan on selling to your local pawn shop:

A. The item’s resale value

B. Demand for the item

C. How fast you need the money

Pawn shops sometimes have a bad rap. But knowing how pawn shops determine prices is key to making pawn shops work for you.

Help us out by letting your friends and family know about this resource. Check out our social links and share one of our pages. Find a local pawn shop or use a free pawn shop price calculator on the menu of our site. Thanks!


Best of Luck,

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