Should I Pawn or Sell My Scottsdale Items?

Should I Pawn or Sell My Item?

When pawning your personal items you can either pawn them or sell your items outright.

Scottsdale, Arizona

When you go to a Scottsdale pawn shop, you have two options: Pawn your items or sell them outright. Both options will leave you with cash in hand, but there are key differences between the two transactions.

When you bring in the item, you will get an offer for a pawn value or a sale value. If you sell it, you relinquish the item for good, and you walk away with the cash. If you pawn it, you get the money, but it is considered a loan. Your item is kept as collateral while you pay back the amount within a designated period of time. During that time, the pawn shop will not sell your item. Once you pay back the pawn loan, you will get the item back.

Pawning or selling an item both have benefits. Here are a few considerations to help you determine if it is better for you to pawn or sell your items in Scottsdale:

Do You Want It Back?

You may own items of value that you really don’t want to lose yet want to take advantage of the value they offer. These would be excellent items to pawn because you can get the cash for them, but you can ultimately get them back by repaying the pawn loan.

However, if you don’t care about having the items returned to you, it may be better to sell them to the pawn shop. You may get a slightly higher offer for them if you are selling them, and you can de-clutter some things that you don’t really want or need.

What is the Value to You?

Some things you own may not command a high dollar amount, but they may be worth much more to you. For example, your wedding ring may be priceless to you, but you may only get an offer of a couple hundred dollars from a pawn shop. Even if you are ready to let go of an item, you may hesitate if you don’t feel like the offer is high enough to honor its value to you.

If you feel the item is more valuable than it is worth on the secondary market, you might consider
pawning it rather than selling it. At least you’ll be able to get it back later after you pay back the pawn loan.

Potential to Re-Pawn

Since you get an item back if you pawn it, you can get more value from it in the long run. You can pawn and re-pawn an item again and again, getting the cash you need any time you need it. You won’t relinquish the valuable item as you would with selling it. Therefore, you will retain its value for future use.

Flexibility

When you don’t pay back a personal loan, you take a big hit to your credit that could affect your future ability to get the money you need. When you don’t pay back a pawn loan, the worst thing that happens is you don’t get the item back. In fact, you can even go back to the same pawn shop for future business. Getting a pawn loan offers you more flexibility, and helps you to protect your credit while getting the money you need.

Whether you have items to sell or to pawn, Pawn Now may be able to offer you the cash you need. We
have been helping residents of Apache Junction, Mesa and Phoenix for more than two decades, and wecan make loans of up to $1 million. Our large storage facility allows us to pawn everything from jewelry to aircraft. Stop by one of our pawn shops today to get the cash you need on the spot.