What is a pawn?
A pawn is a 30-day collateral loan. You can bring in property such as gold jewelry or a Dewalt tool set, and leave the items with us in exchange for cash. You’ll then have 30 days to retrieve your items by paying back the principle plus a small interest fee, OR pay the interest alone and have your items stored for an additional 30 days.
Example: Say you bring in a guitar, and we negotiate a loan amount of $50. Within 30 days, you can come back and pay $6.00 to receive an additional 30 days on your loan, OR pay $58.50 to retrieve your item. The breakdown is as follows:
$50.00 is your principle.
$6.00 is the interest and storage fee.
The additional $2.50 is an electronic filing fee.
So your total comes to $58.50.
What items do you take on pawn?
We take a wide variety of items, from power tools to LED TVs to gold jewelry. Below is a brief list of items we typical take on pawn:
- Gold & Silver Jewelry/Coins
- Electronics (Game Consoles, Laptops, TVs, Tablets, DSLR Cameras, etc.)
- Tools (Power Tools, Hand Tools, Meters, Air Tools, etc.)
- Guitars & Amps
However, feel free to call us anytime to ask about specific items you are interested in pawning!