January 11, 2020 - Pawn Resources
However, in this post, we will tell you on average how much time you have before a pawn shop will put your valuables up for sale in their pawn shop or online.
Perhaps you’re wondering how long a pawn shop holds items before selling them off because you sold something outright to a pawn shop near you. Or maybe you’re considering pawning something because you need cash right now and you want to make sure you can pay your loan back quickly enough to get your item back.
Whatever the case may be, we suggest you follow the advice in this post for two reasons. One is to find out how long your local pawn shops old onto items in your local area specifically, because laws vary from state to state and each pawn shop is different.
The other reason is because once you decide to pawn or sell something, it will be helpful for you to know the quickest and easiest way to go about doing that for the most money possible. And we’ll tell you how.
The best way to find out how long pawn shops hold items in your local area is by calling up the shop. Again, the pawn shop may hold onto your item for a different length of time than another one because of different policies, etc.
If you want a list of pawn shops in your area to call, refer to our pawn shop directory which allows you to type in your zip code and search for the best nearby pawn shops.
This will also help you if you can’t remember which pawn shop you’ve used, and you’re trying to locate it.
While it does vary from shop to shop, pawn shops hold onto items an average of 30 days before selling them. In some cases, pawn shops will offer a grace period afterward if you can’t pay back your loan in time, but this does depend on the shop.
Typically, if an item has been pawned, the pawn shop will hold the item longer than if it was sold outright in what pawn shops refer to as a “buy.”
So what does all this mean? You truly do need to contact the individual pawn shop to ask what their terms are. Otherwise, your item might find another home.
Now that you know how long pawn shops hold items before selling, you should try PawnGuru so that all your future pawning, selling and purchasing experiences are as successful as possible.
PawnGuru has helped pawners across the US to connect with pawn shops online in their local area to receive fast offers that they can collect online for comparison. Having all the offers and prices in one place allows you to make smart decisions on which pawn shop is worth walking into.
Here’s how to use PawnGuru:
David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.More Articles