Quality pawn shops are excellent places to buy and sell gently used items. Whether you’re pawning musical equipment for a cash loan or looking for a deal on vintage jewelry, there are a few things you should do to ensure a smooth transaction. Moore Pawn & Furniture in Lincoln, NE, has established a reputation as one of the area’s most trustworthy shops. Here, their team of experts explains how to have the best possible buying or selling experience.
3 Steps to Take When Buying or Selling at a Pawn Shop
1. Do Your Research
Research the item you intend to buy or sell. Go online or call around to determine its market value. If you can’t figure out what it’s worth used, at least know what it’s worth new. Some items, like fine jewelry, collectibles, and antiques, retain their value, while others—like appliances and electronics—depreciate with time.
Also, research the shop itself. Look for a quality pawn shop with a reputation for honesty and integrity. You should also find out what services they offer. For example, not all pawn shops offer loans, some only buy and sell used items. While some pawn shops only give you cash once your item has sold, Moore Pawn & Furniture offers quick access to the funds you need.
Though you might consider negotiation to be rude, it’s encouraged and expected in a pawn shop. Pawnbrokers mark up items at a higher price than the minimum they need to make a profit. When buying, consider the tag price a starting point for haggling.
You can apply the same tactics when selling. Before you enter the shop, determine the lowest price you’re willing to accept for your item based on its market value. When negotiating, don’t settle for anything less than that figure. If you and the broker disagree on the value of the item, offer strong points as to why you believe it’s worth more. This is when doing your research will really pay off.
3. Pay With Cash
When buying from a pawn shop, it’s best to pay with cash. Brokers are usually more willing to offer a lower price when you pay in cash rather than with a check or credit card. If you’re pawning your items for a loan, pay back the loan and interest charges according to the set schedule. Otherwise, you may forfeit the item or incur additional charges.
For a quality pawn shop experience in Lancaster County, look to Moore Pawn & Furniture. They offer cash for gold, prompt loans, and payday advances. They’re also the area’s most trusted seller of used jewelry, electronics, musical equipment, and new and used furniture. Call (402) 477-5116 to speak with a helpful team member or visit their website for more details. You can also purchase items online via their eBay store.