Pawn Offer – The most important tool in pawn | Use a pawn loan calculator before you pawn!

What’s most important when negotiating with a pawn shop? The pawn offer.

Pawn shop’s lend you money against your goods. They then collect interest on the loan, and the loan amount, so you can get your item back (check your state laws for interest rates). So… How much should a pawn shop lend you? The pawn offer is the loan amount offered against the value of your item; a percentage of your item’s current value.money-emoji The first time for most people could be daunting. You’re at the counter, you know what your item’s worth, but you don’t want to get low-balled. They make an offer and you break in to a sweat. You think ‘but I paid $500 dollars and they are offering $200! Iv’e been there before. So I created this site! Most shops lend 30%-40% of your item’s current value. Now of course a pawn shop can’t lend you the entire value of your item because if you don’t pay back the loan they have to sell your item to recover their loan and operating costs. You should probably pay attention to the loan terms and ask for promotions. Either way, cheaper than a payday lender for sure! Use our instant pawn offer calculator first to get an idea of what a pawn shop should lend you. Then search for locations to connect with trusted pawn shops free. No middle man or waiting!

Post a Comment