Tuesday, September 29 2020
It seems like TVs leap in technological advancement with each passing year. Today, you can get a large, high-quality flat-screen TV for only a few hundred dollars.
That means you’ve probably considered getting rid of your old one.
But don’t throw it out or sell it for pennies at a garage sale.
You see, pawn shops love TVs. Everyone wants one, so they sell easily.
You can make good money off your flat-screen — enough to cover a good chunk of a new TV — by bringing it to a pawn shop near you.
Here’s a quick guide on getting the most bank for your TV buck.
How to Pawn Your Flat-Screen TV
Nabbing the best price at a pawn shop will require some preparation. Research your TV before heading to the pawn shop so you can make sure you get a fair price.
Pay Attention to Brand
Different brands hold different weights. The best brands tend to be those that are reliable and have a lot of name recognition.
Some of these brands include:
Other renowned names like Sharp and Vizio won’t fetch as high a price as the above brands, but you’ll still make good money.
Then, there are lower-tier brands like Insignia and Toshiba. You’ll still be able to earn something off these TVs, but don’t expect a ton.
Size is a huge consideration for anyone buying a TV. Naturally, pawn shops will fork over a lot of money if your TV is large.
Anything that’s at least 42 inches will get you a good price. If it’s especially massive, you could expect several hundred dollars.
Smaller TVs over 26 inches but less than 42 inches will get you something, but not a ton.
And lastly, don’t expect much — if anything at all — for TVs under 26 inches. They just don’t have much demand.
Remember, pawn shops have to make money. If they’re not able to mark up an already low-demand TV and make a profit, they won’t likely take it.
Shop Around For the Best Offer
Pawn shops are subject to the same laws of supply and demand that any other business is. If a pawn shop has a lot of TVs and not a lot of buyers, you aren’t going to get a good price.
Likewise, a pawn shop that can’t seem to hold onto TVs for more than a day will pay you much more — because they can mark up the TV more and make a bigger profit.
With this in mind, shop around at several shops to see what offers you get.
One other quick tip: bring the box, cables, and remote if you have them. You’ll get more money out of your TV.
Cash Out Your Flat-Screen For a New One
Our Philadelphia pawn shop has some flat-screens in stock if you want to replace yours. But if you don’t want a new TV, feel free to take a look at our other items. Bring your TV into Cash Express today — let’s get you a good price.
Monday, September 14 2020
Sometimes, money’s tight. You need some extra cash for food, rent, or something else, and you might be wishing you could get your hands on $1,000 within a day or two.
Fortunately, pawn shops make that possible. You can bring your item to a pawn shop like Cash Express and walk out the same day with money in hand.
Some items fetch a better price than others, though. Below, we’ll discuss a few things you can bring into a pawn shop to help you walk out with at least $1,000.
But first: pawn or sell?
Should I Pawn or Sell My Items?
Pawning an item gets you a short-term loan — with the item as collateral. There are no credit checks, either.
And if you can’t pay it back plus interest, the worst that happens is you lose your item.
Still, pawn shops know their customers might be in tough financial situations, and they’re willing to help. They often will give an extension if you’re having trouble paying back the loan.
Your other option is to sell. Selling will usually net a higher price, but, of course, you don’t get your item back.
Items to Pawn or Sell For $1,000
Pawn shops have to deal with several costs, such as storage space, licenses, labor, and other store expenses. They need to earn enough to cover all these, plus make a profit.
Small, high-demand items are pawn shop favorites. Pawn shops can get the most money out of these items while minimizing their storage costs.
Here are some of those items.
Watches can fetch much more than $1,000 at a pawn shop, depending on several factors.
Brand is one of the most important. Rolexes, Breitlings, and Chopards (to name a few) could earn you thousands of dollars.
Other factors influencing watch proceeds include:
Diamond rings are an obvious choice for a few reasons. First of all, people looking to save money on a ring often go to pawn shops. Also, pawn shops don’t even need to sell the ring to make money. They can take it apart and sell each piece separately.
Most other kinds of jewelry will sell well, too. They’re small for easy storage, yet are in high demand by people who want jewelry at a bargain.
Jewelry not in good condition? You can still sell it for scrap metal at a pawn shop.
Some pawn shops won’t give you the best prices on guns. You’ll want to visit a pawn show that specializes in firearms.
Additionally, not all guns fetch a high price. Do your research on your gun’s value and make sure it’s in good condition.
Lastly, make sure you have all relevant paperwork and licensing. Otherwise, you can’t pawn or sell your guns.
Other Items You Can Pawn For Less Than $1,000
Here are some items that won’t fetch such a high price, but are worth bringing to a pawn shop anyways if you need some spare cash.
Need $1,000 today? Cash Express would love to help. We take a wide variety of items, but we especially love jewelry and precious metals. Bring your items to our Philadelphia pawn shop today for some quick cash!