Why Delray Beach Pawn is the Best Destination for Pawning Your Items

Times are tough. Inflation is through the roof, gas prices are high and let’s not even get started on groceries! All of us could use some help when it comes to improving our finances.

Fortunately, relief is available and it’s easier to obtain than you might think. A pawn shop can buy or provide loans for your items to get you out of the red and into the pink.

If you are looking for a pawn shop Delray, Pawn Delray Beach is recommended. Read on to find out how we can help solve your financial woes.

Selling vs. Getting a Loan

When it comes to using a pawn shop to get out of a financial rut, you have two options, selling or getting a loan.

If you sell, you will simply need to come into the shop with an item of value. The salesperson will appraise it and offer to buy your item. If you agree to the offer, you can leave with cash in hand.

While selling is easy, it means you will have to give up your item for good. Lending means you can get the cash you need and getting your item back after the loan is repaid. Here’s what it involves:

Getting a loan requires a few more steps than selling, but it’s still quite easy. Here’s what you must do.

1. Go into the shop with the item.
2. The salesperson will appraise the item and offer you a loan for the percentage of its total value.
3. If you agree to the loan, you can leave the store with cash in hand. However, you will need to repay the loan with fees and interest.
4. Once you repay the loan, you will get your item back.
5. If you are unable to pay off the loan, the pawn shop will keep your item, but the unpaid balance will never go into collections or show up as an unfavorable mark on your credit score.

What Items Can I Pawn?

To sell or get a loan at a pawn shop, you must have an item of value. Different pawn shops accept different items. Here’s what you can pawn at our pawn shop Delray.

Gold Jewelry: Gold jewelry is always worth money. You can tell your jewelry is gold if it has a marking such as 14K, 18K, etc. A gold item will also sink in water. The more karats the jewelry weighs, the more it will be worth. You can also get more money if your gold jewelry has gems or if it’s made by a top designer.

Watches: Luxury watches are another hot pawn shop item. You can tell if your watch is luxury if it’s made by a top designer like Rolex, Louis Vuitton, or Van Cleef & Arpels. You will fetch even more money for it if it is a rare model or if it contains diamonds and other jewels.

Handbags: Certain handbags will always fetch good money at a pawn shop. Those made by designers like Chanel, Gucci, and Hermes will catch a pretty penny. Like watches, a rare model handbag can bring in a considerable sum of money.

Electronics: Electronics are a popular pawn shop item. Televisions, sound systems, game consoles, cell phones, and computers will get a good resale price. For the most part, you will want to bring in newer models as older ones may be obsolete. However, you may fetch a pretty penny for a vintage piece.

Firearms: Almost any type of firearm is likely to get a pawn shop sale or loan. These include pistols, revolvers, handguns, shotguns and more. The better condition they are in the more money you will get. When bringing in a firearm, make sure to present paperwork that shows it is legally owned.

Why is a Pawn Shop Better Than a Bank?

When most people think of loans, they think of banks. Banks are known for offering loans to those that qualify. However, pawn shops are better for many reasons including the following:

• They Fund Quickly: A bank will require tons of paperwork before approving you for a loan. It can take weeks of review before you get your money. A pawn shop will provide instant approval.
• They Come with Fewer Requirements: If you get a bank loan, the banker will want to make sure that you have good credit and a certain income. With a pawn shop loan, all you will need is an item of value and you are good to go.
• They Won’t Hurt Your Credit: If you are unable to pay off a bank loan, the balance will go into collections, and it will bring down your credit score. If you can’t pay off your pawn shop loan, the shop will keep your item, but it will never hurt your credit score.
• They Won’t Affect Your Lending Ability: If you have loans that you are paying off, they may negatively impact your ability to get approved for other loans. On the other hand, you can get as many pawn shop loans as you want, and it will never hurt you ability to get approved at a bank.

What Should I Know Before Pawning Items at a Pawn Shop?

There are certain things you should know about pawning items at a pawn shop that will increase your chances of having the item accepted at a high valuation. Here are some tips.

• Bring Your Item in Good Condition: If your item is not in good condition, it will get a low valuation, or it may not sell at all. Make sure your item looks its best by cleaning it and making small repairs before bringing it into the shop.
• Bring the Necessary Paperwork: Different items may require different types of paperwork. For example, if you are bringing in firearms, you must show documents proving they are legally owned. If you bring in a luxury watch, handbag or jewelry, authentication papers or an original receipt will help prove it’s the real deal.
• Know What the Shop Will Take: Different pawn shops sell different items. Some may even be specific about the designer names they accept. Be sure to check the website to determine what they will and won’t accept before coming in with your item.
• Get an Appraisal: If you are uncertain how much your item is worth and want to feel confident you are getting a good deal, you may want to have your item appraised in advance. Keep in mind that most pawn shops won’t give you the full value of your item as they need to make money of it. However, some will offer better valuations than others.

What to Look for in a Pawn Shop

Pawn shops have gotten a bad rap in the past, but many of them are trusted businesses that have established themselves in their community for many years. But that’s not to say that there are some bad seeds out there.

If you are trying to find a reliable pawn shop for selling, getting a loan, or just general shopping, it’s important to find one you can count on. Here are some signs that will let you know whether a pawn shop is worthy of your business.

• Good Customer Reviews: Good customer reviews are always the sign of a trustworthy business. Fortunately, there are many online platforms that offer business reviews that are easy to access. When looking up your local pawn shop, look at reviews from both shoppers, sellers, and loaners.
• Licensing and Insurance: Pawnshops must have both a state and local license to run. They also require general business and secondhand dealer licenses. You should also make sure that the company has insurance which will protect your items from theft or damage.
• How Long the Company Has Been in Business: If the shop has been in business a while, or has multiple locations in the area, that’s a good sign. It means they have experience dealing with customers and have become a trusted institution in the community.  
• High Valuations: If a pawn shop offers high valuations, it means you will get a good amount for the items you sell or loan.
• Fair Loan Terms: If you are looking to get a loan for your item, you will want to make sure the shop offers fair terms including low interest rates and fees, and long-term loans.
• Good Location: It goes without saying that you will want to find a pawn shop close to your home. Most pawn shops will only allow you to sell or get a loan in person. However, when it comes to buying, many have online stores that you can shop from wherever you are.

Why Our Pawn Shop Delray Beach is the Best Place to Shop, Sell, or Loan

If you are looking for the right pawn shop for your needs, Delray Beach Pawn may be your answer. Here’s what we have to offer.

• High Valuations: Delray Pawn guarantees the highest valuations in the area hands down.
• Great Loan Terms: We offer loan terms you will be happy with. Our APRs never come to more than 24%. Our loans can be as short as one day or as long as 10 years, giving you plenty of time to pay back the money you owe. We will never charge you hidden fees for early repayment or for any other reason.
• Great Reputation: Our company has been serving the area for many years so you know we are a business you can trust.
• Great Selection: Our shop buys and sells fine jewelry, luxury watches, designer handbags, firearms, and electronics. We have a wide selection of items to loan, sell and purchase.
• Terrific Prices: Pawn Delray Beach is a great place to shop for big ticket items you would not normally be able to afford. Our low prices mean you can own the things you’ve always dreamed of owning for less. If you can’t make it into our shop, you can shop online.
• Great Customer Service: Our knowledgeable staff has extensive experience with the items we sell. This means they will provide great valuations and can help you find items you will love.
• Private Consultations: Pawn Delray Beach understands that your finances are your business. That’s why we offer private consultations. Note, you must call in advance to schedule a private appointment.  
• Licensed and Insured: We are fully licensed and insured, and government regulated so you don’t have to worry about leaving your items in our care.

Pawn Shop FAQs

How long will it take for me to get a pawn shop loan?

If no negotiations are necessary, you can leave the store with cash in hand in as little as 5 minutes.

Is My Item Safe at a Pawn Shop?

If you are concerned about your item being safe at a pawn shop, you can ask the salesperson where it will be kept. You should also find out if the shop has insurance. If they do, you will get reimbursement if your item is stolen or damaged.

Is a credit check required for a pawn shop loan?

No, you will only need to show ID and possibly proof of ownership.

How will the value of my item be determined?

The pawn shop will determine the value of your item based on value, condition, and demand.

How often do customers lose their merchandise?

According to statistics, 80% of more of all loans are repaid. This means that most customers who loan items will get the item back.

Can I pawn shop sell my pawned item?

A pawnshop will not be able to sell your item unless you have defaulted on your loan.

If today’s economy has got you down, a pawn shop Delray beach may be the best solution. We make it easy to access the money you need. You can leave our store with cash in hand in just minutes. And we always provide service with a smile.

So what are you waiting for? Contact Pawn Delray Beach today!