There are a lot of scenarios where you might find that you’re in need of some quick cash. Perhaps you need to get some work done on your car, or you’ve had an unexpected expense pop up this month. Whatever the case, a pawn shop may be the answer to your money woes. At a pawn shop you can sell or pawn your valuables for quick cash. The only question is, which option is best? To help you decide, we’re breaking down the differences between selling your items and pawning them.
Should You Pawn or Should You Sell?
First, it’s important that you understand the difference between pawning and selling. When you sell to us, we give you money for your item and our transaction is complete. However, when you pawn an item. You are simply leaving your valuable as collateral for a short-term loan. Once you pay back your loan, we will return your item to you. If you don’t pay back your loan in the time allotted, we take ownership of your item and it is ours to sell.
Pawning an item is a good idea if you’re in need of money for a short period of time and you don’t want to say goodbye to your valuables for good. With a pawn loan, you can get the money you need today and simply pay it back when you get paid. That way you were able to take care of your short-term financial obligations, but you won’t lose your pawned item forever.
If you have something valuable that you simply don’t want anymore, then you may consider selling it. When you sell an item to us, we are often able to give you a bit more money for it. If you have no need for you item any longer, there’s no sense in pawning it. Instead, you should sell your item so that you can get top dollar for it.
Selling an item also means that you won’t have to worry about making payments or incurring interest on your money.
Types of Items We Buy
We buy a number of different items at our shop, but certain items will fetch you more cash than others. Gold and fine jewelry, for example, are always going to be very desirable items that we’re looking to purchase on a regular basis. If you have any gold items that have just been collecting dust on your dresser, why not bring them into our shop and turn them into some fast cash?
So, the next time you’re in need of some fast money, make sure your fist stop is to Las Vegas Pawn. We help people just like you get the cash they need every single day. We offer fair prices and competitive rates on our pawn loans.
If you have any questions about pawning vs. selling, feel free to contact our shop and one of our friendly team members can go over your options with you.