Why Delray Beach is the Number One Spot for Pawning Handbags

Today’s economic climate has everyone feeling the burn. Gas prices are crazy, grocery prices are out of hand, and other companies are raising their rates to keep up. You may wonder what you’re going to do to keep your head above water.

Well, there is a solution. If you have valuable items in your home, you may be able to pawn them to get the money you need.

Not every item will be accepted by a pawn shop, and not every item will be accepted by every pawn shop, but there are a select few that tend to be worth money. These include firearms, electronics, fine jewelry, luxury watches, and designer handbags. This article will review what you should consider before bringing your handbag in to pawn and why Delray Pawn makes the best destination for your loan or sale.

What Types of Handbags Can I Pawn?

Unfortunately, not every handbag will be accepted at a pawn shop. However, designer bags can usually bring in a large sum of money. Here are some designers that manufacture bags that have a high resale value.

Balenciaga
Bottega Veneta
Celine
Chanel
Dior
Gucci
Hermes
Louis Vuitton
Prada

Let’s look at some of these brands and the styles that are likely to sell.

Balenciaga

Balenciaga is a luxury fashion house founded in 1919 by Spanish designer Cristobal Balenciaga in San Sebastian, Spain. They produce a variety of items including footwear, handbags, accessories, and fragrances.

Some of their most popular handbags include:

Hourglass Small Top Handle Bag: The Hourglass Small Top Handle Bag is made from grained calfskin. It features a matte silver ‘B’ logo that fastens its overhanging flap. It is classic, simple, and elegant.
Ville XXS AJ Tote: This mini/micro bag features ‘Balenciaga’ written in bold black lettering. The small grain calfskin material adds an elegant touch. Its inner zippered pockets and card compartments help owners make the most of the small space.
Shopping XXS Tote: The XXS tote is a smaller tote, but it has plenty of room for necessities such as keys, wallet, and phone. It comes in a variety of colors including black, white, and red, and features the Balenciaga logo in bold lettering. It’s made of patent leather material with black leather top handles.

Bottega Veneta

Bottega Veneta is a luxury fashion house in Milan, Italy. It was established in 1996 by Michelle Taddei and Renzo Zengiaro. It offers handbags, shoes, accessories, jewelry, and fragrances.

A Bottega Veneta bag is bound to fetch a good sum when sold at a pawn shop. Here are some designs that are particularly valuable.

The Cassette: So-called for its small rectangular shape and puffy look, the Cassette combines modern day practicality with a simple yet luxurious aesthetic. It is large enough to hold everyday necessities and features an adjustable strap.
The Pouch: The Pouch has a cloud-like shape that’s soft, chic, and feminine. It comes in a variety of colors, prints, and patterns ensuring you’ll find one that suits your lifestyle.
The Twist: This purse features a unique triangular shape and a twist-like closure. The zip at the bottom of the bag offers easy accessibility while the wrist strap ensures a comfortable fit.

Celine

Celine is a French ready to wear and leather luxury goods brand. It was founded in 1945 by Celine Vipiana. It is headquartered in the Hotel Clobert de Torcy in Paris.

Here are a few classic Celine bags that are sure to do well at pawn shops:

Luggage Tote: The Luggage Tote features a unique geometric shape that makes it stand out. It is made from 100% smooth calfskin with a lamb leather lining and gold hardware.
The Box Bag: So-called for its boxy shape, this bag comes in a variety of neutral and jewel tones. It is made of calfskin and has a removeable and adjustable strap.
The Belt Bag: You may think this bag is a fanny pack judging by its name, but it actually earned its moniker due to the two straps that make up the bag’s detailing. It comes in seven different colors and has an adjustable strap. It has gold tone hardware and is made of a calfskin material.
Chanel

Chanel is a French luxury fashion house founded by Coco Chanel in 1910. Its line includes luxury goods, accessories, clothing, and perfume. Top bag designs include:

The Chanel 2.55: This bag earned its name as it was created in February of 1955. It raised quite a stir as it was the first bag to feature a shoulder strap. It is small in size and has a quilted design.
Chanel Boy: This design was created by Karl Lagerfeld in 2011 and was named for Gabrielle Chanel’s first love, Boy Capel. It is somewhat of a rock n’ roll update on the 2.55.
Chanel Grand Shopping Tote: The quilted Grand Chanel Shopping is ideal for those who prefer a larger handbag. In addition to being a designer favorite, it was also discontinued in 2015, adding to its value.

Dior

The Dior company was founded by French fashion designer Christian Dior in 1905 in Paris. It sells a variety of goods including shoes, clothing, and handbags. Here are some of its more sought-after handbag designs.

Lady Dior Bag: The Lady Dior Bag was released in 1995 but didn’t get its name until years later when Princess Diana wore it in Paris. It features Cannage top stitching, Dior charms, and a boxy silhouette. It comes in various sizes.
Saddle Bag; So named because it resembles a horse’s saddle, the Saddle Bag was introduced in 2001. It features a stirrup inspired signature D clip. In comes in a variety of materials, sizes, colors, and prints.
Vanity Case: The Vanity Case is a mini bag designed to hold travel items. Its structured shape and wraparound zipper make its interior easily accessible. It is available in DiorTravel and Lady Dior versions.

How Can I Get Money for My Handbag?

If you have a luxury handbag you are interested in selling, a pawn shop is your best option. You can simply show up at the store with your item, and barring any unforeseen circumstances, you can leave with cash in hand. But how exactly does the pawning process work?

Well, one solution is to outright sell your item. Simply come into the shop with your item. The salesperson will access it and offer you cash for it. If you accept the offer, you can leave with the money in your wallet.

This is an easy process, but it will mean saying goodbye to your item forever.

Another option is to get a loan. Getting a loan is a bit more complicated, but it will allow you to get cash for your item without having to say goodbye to it forever. Here’s what’s involved.

Bring your item into the pawn shop. The salesperson will evaluate it and make you an offer. If you agree to the offer, you can leave with cash in hand.
Start paying off your loan. The money you receive will need to be paid back with fees and interest.
Get your item back. Once the loan is paid off, you will have your item returned to you. If you are unable to pay back the loan, the pawn shop will keep your item, but the unpaid amount will never go into collections or hurt your credit.

Why a Pawn Shop Loan is Better Than a Bank Loan

You may be thinking, why not just get a loan from a bank? After all, banks are reputable lenders that are known for providing relatively low interest loans. Well, here’s why a pawn shop loan is better.

Fewer Requirements: If you apply for a bank loan, you will need to show your credit and income history. If you do not meet the bank’s requirements, you may not get approved. With a pawn shop loan, all you need is a valuable item to get the money you need.
Fast Approval: Banks require extensive paperwork which takes some time to review. It could take days or even weeks before you are approved. With a pawn shop loan, you simply come in with your item and you can leave with cash minutes later.
No Bad Credit/ Collections: If you are unable to pay back a bank loan, it will damage your credit and go into collections. If you are unable to pay back a pawn shop loan, the shop will keep your item, but the unpaid amount will not affect your financial standing.

What to Look for in a Pawn Shop

Pawn shops have gotten a bad rap in the past. Admittedly, there are some out there that don’t employ the best business ethics. But others are trusted companies who have years of experience providing great service to their communities.

So how can you tell if the pawn shop you are working with is one you can trust? Here are a few indications.

Good Customer Reviews: Thanks to technology, you can check reviews for just about any company, including pawn shops. The higher the rating is, the better.
High Valuations: The shop should offer high valuations. This means they will offer you good money for the items you bring in to loan or sell.
Good Loan Terms: If you are looking for a loan, it’s important to find a pawn shop that offers low interest rates and fees and flexible loan terms.
A Long Time in Business: It’s best to work with a pawn shop that has been in business for some time. Find a shop that’s been at its location for a few years or go with one that has other locations in the area.
Licensing and Insurance: The business should be licensed. This is a sign of professionalism, and it offers protections to the customer. The shop should also have insurance in place. This means that it will replace items if they are lost or damaged.

Why Delray Pawn is Your Best Choice for a Pawning or Selling Your Items

If you are looking for a pawn shop in the South Florida area, Delray Pawn is highly recommended. Here’s what we have to offer.

High Valuations: Delray Beach Pawn is known for providing the highest valuations around. We will get you top dollar for the items you pawn and sell.
Low Interest Rates and Fees: Unlike most pawn shops, we keep our interest rates and fees low. We will never charge you surprise fees for early repayment or for any other matter.
Flexible Loan Terms: Most pawn shops offer short term loan rates so you will have to pay loans back quickly. We offer flexible loan terms so you can have as little as a day or as long as 10 years to pay back your loan.
Good Community Reputation: We have multiple locations and have been serving our community for years.
Private Appointments: At Delray Beach Pawn, we understand that your financial matters are your business. That’s why we offer private appointments. Please call in advance if you want to be seen privately.
Great Selection: We are not only a great place to loan or sell an item. We are also a great place to shop. We have terrific deals on a wide range of high-end goods. Our knowledgeable sales staff can help you find the items of your dreams at ridiculously low prices. If you can’t make it into our store, you can shop our online selection.

Tips for Pawn Shop Selling

If you plan on selling your goods at a pawn shop, check with the shop first to make sure they accept the goods you are looking to sell. Clean your items and make minor repairs before bringing them in to ensure you get maximum value for your goods.

Today’s economy is tough on everyone. A Delray Beach pawn shop loan will help you get past your financial difficulties. Contact us to find out how we can take some of the stress off your shoulders and help you improve your quality of life.