When people think of technology a pawn shop isn’t normally the first thing that comes to peoples minds.
But it should be. Technology is moving faster than ever, and our pawn shop is keeping up.
Fast moving technology means everyone wants the latest and greatest. This means the price mark up on the newest tech gadgets is notoriously high – while computers, ipods, phones and other “older” electronics (that are only 2 months old) lose their value very quickly.
At a day in age when computers double in speed every two years, this is great news for you. Anyone looking to get the latest and greatest at a cheaper price or looking to get a slightly older unit for a much cheaper price will be happy at our pawn shop.
Our pawn shop has:
- ATT Phones
- T-Mobile Phones
- Car Stereos
- Home Theatre
- And other Gidgets and Gadgets…that you cannot live without.
Things are a little bit different if you are looking to sell or get a loan on something you own.
We will always pay more for electronic items on a buy than a loan. When we buy something, we only have to hold it for 10 days before we are able to resell it. Technology moves fast – but it doesn’t move that fast.
However, because electronics lose their value so quickly, we cannot give as much on a loan as one might first think. Why?
When a pawn is made, you have 90 days to redeem your pawned item and you pay only the orginal loaned amount and the three months of the 10% interest. (For example, $10 plus the $3 in interest).
So at the very best, the technology that you got a loan on could potentially be three months old by the time we are even able to sell it.
That is a killer when it comes to technologies value. A new phone, laptop, operating system (or any other electronic device) may have hit the market, quickly driving down the value of the item we gave you a loan on.
Of course, we will still be fair, honest and give you the best we can for your item – and that’s why we are telling you about the difference in selling and pawning right now.