How Much do Pawn Shops Pay for Electric Guitars?

March 08, 2020 - Equipment and Tools

“How much do pawn shops pay for electric guitars” is one of the most common questions we receive at PawnGuru.

Pawn shops take electric guitars because it’s fairly easy to resell them. Since we help pawn shops and customers connect through our online pawn platform, PawnGuru, we receive a lot of data on the offers these pawn shops are making on electric guitars. With this data, we put together a table on electric guitar pawn value from all of 2019.

Aside from what you learn from this blog post, we will be saving you tons of research into electric guitar pawn prices and other pawn information.

When you create a free listing for your musical instrument on PawnGuru, your nearby pawn shops will be alerted to your listing. The pawn shops interested in your specific electric guitar will contact you online to make a cash offer.

What does this mean? Well essentially, you have the opportunity to receive multiple offers for your electric guitar from interested pawn shops in your local area. This is an important benefit of using PawnGuru, as not all pawn shops will take electric guitars or other musical instruments.

PawnGuru eliminates the need to do manual research on which pawn shops in your area take electric guitars, as well as which ones will give you the best offer. You get to compare all local pawn shop offers on your electric guitar in one space, all without needing to leave your home to do the research.

Pretty nifty, right?

We will tell you more about how to use PawnGuru later on in this post to sell your electric guitar, but first, we want to answer your original question, “how much do pawn shops pay for electric guitars?”

Read on to learn how much pawn shops will give you for your used electric guitar.

How Much do Pawn Shops Pay for Electric Guitars on Average?

How much pawn shops pay for electric guitars depends largely on the make and model. Some electric guitar brands are more desirable than others. And, of course, if you own an autographed electric guitar or rare/desirable electric guitar, you’re definitely going to get more money for it than others.

The Least and Most Money you can get for Pawning an Electric Guitar

The minimum, maximum and average offers pawn shops have made on electric guitars on PawnGuru in 2020 is displayed below.

  • Minimum Offer: $1
  • Maximum Offer: $400
  • Average Offer: $178.56

Electric Guitar Pawn Value by Brand

To find electric guitar pawn prices by brand, check out the chart below based on PawnGuru’s 2020data. This will give you minimum, maximum and average electric guitar pawn values for the most popular electric guitar brands.

Don’t see the brand you’re looking for? Sign up for PawnGuru and get the pawn price for your specific electric guitar today!

Electric GuitarMin. Pawn ValueMax. Pawn ValueAvg. Pawn Value
Gibson$15$400$219.37
Epiphone$25$200$97.05
Takamine
Fender$20$250$56.08
Ibanez$15$140$55.00
Washburn$30$50$36.67
Squire$20$175$97.50
ESP$75$75$75
Les Paul$150$150$150
Martin$200$200$200
Ovation$35$200$117.50
Schecter$60$200$103.18
Taylor$280$280$280
Yamaha$1$200$103.87

On the other hand, for the brands that indicate a value that is the same for minimum and maximum offer, this means there was one offer made for that brand.

Pawn Shops that Take Electric Guitars Near Me

To find out exactly how much pawn shops pay for an electric guitar in your area—and for your specific model—list your electric guitar on PawnGuru and get fast offers online from pawn shops in your local area.

Here’s how to get started with PawnGuru:

  1. Create a free listing on PawnGuru
  2. Watch offers roll in from interested pawn shops in your area
  3. Find an offer you like
  4. Bring your electric guitar into the highest-bidding pawn shop
  5. Finalize the offer
  6. Walk out with cash in hand!

Now that we’ve answered your question,“how much do pawn shops pay for electric guitars,” feel free to explore more of our pawning resources below to help you pawn and sell effectively.

Related reading:

David Stiebel

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.

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