February 02, 2020 - Electronics
Electronics, like laptops and phones are the most sought-after products by pawn shops. Pawn shops want your laptop even more than they want your diamond ring. This means that they’ll be willing to pay you a lot for your laptop. Keep in mind though, they want newer models, and better functioning models.
Whether you’re pawning or selling a laptop, we have the latest data on laptop pawn prices to show you how much you might get for your laptop at a pawn shop this year.
At PawnGuru, we will tell you how much money pawn shops have offered for the most popular laptop brands within the past year. This will help you gauge roughly how much you can get for yours.
You might be wondering how we have this data.
At PawnGuru, we provide a free online space for people like you who want to sell or pawn their used items to pawn shops.
When you list your laptop for sale on PawnGuru, multiple pawn shops in your local area can make an offer on your item. These offers are viewable online in your PawnGuru portal, and you can also get alerted by email as they arrive.
You can get cash-in-hand today for your laptop when you use PawnGuru. All you need to do is compare your offers online at PawnGuru and then bring your laptop in to the pawn shop with the best offer.
At the end of this post, we’ll show you the easy step-by-step process for using PawnGuru. But first, we’re going to tell you how much pawn shops pay for laptops.
Learn the pawn value of Apple & PC laptop brands such as Macbook, MSI, Asus, Samsung, HP, Compaq, Dell and more.
There is a difference between pawning and selling, even though you can do both at a pawn shop. When you are pawning a laptop, you are giving it to a pawn shop as collateral for a loan. The loan amount is the value your laptop is appraised at by the pawnbroker.
The loan will need to be paid back by a given date that you and the pawnbroker agree on. When you pay back your loan and by the given date, you should expect to receive your laptop back.
Selling a laptop at a pawn shop is very straightforward. The laptop is appraised and you either agree to sell it to them outright for that amount, or you don’t. You have negotiating power, but do keep in mind pawnbrokers tend to keep a good pulse on the current pricing of electronic devices.
Pawn shops are a reselling business so they need to be able to sell your laptop for a profit. It is easier for them to buy it from you than it is for them to issue you a loan. You will get more money if you sell it to them than if you pawn your laptop.
How much pawn shops pay for laptops depends on the brand, model, condition, memory and some other factors. The location and current inventory of a pawn shop can also affect the level of demand for your laptop, which affects the offer you get.
This is why you may see large variances for any given laptop brand below.
The least and most amount of money we have seen pawn shops buying laptops for is displayed below. We also display the average.
Below you can see how much pawn shops pay for laptops by brand and version. If you don’t see data for your specific laptop below, it’s because we didn’t have enough data to present to you for that specific one.
|Brand||Min. Pawn Value||Max. Pawn Value||Avg. Pawn Value|
|Macbook (regular or unspecified)||$60||$1200||$312.35|
You can always just take in your computer to a pawn shop. However, if you want the most money when you pawn or sell it, you should follow these tips to best present it and get the most cash.
Before you sell your laptop, you’ll want to make sure that you put all of your information elsewhere. You’ll have to delete all of your information off of it.
Depending on what kind of computer you have this process will go differently.
If you like having a physical copy of your information, then you might want to invest in an external hard drive. These things exist solely for storing information on them.
You’ll want to navigate to your control panel under your start button on your computer. You’ll then want to click on the System and Maintenance button. Then the option to backup and restore your computer should show up.
After your external hard drive is plugged in, you’ll want to select the Time Machine feature on your mac. You can also use the iCloud features.
Before you head to a nearby pawn shop remove all your computer’s data. You can also perform a factory reset; depending on your item you may have to search online how to do this. Your item should be ready to be sold and used by the next owner.
It is especially important to address the topic of data privacy when it comes to pawning a laptop. Why? People tend to look to pawning for quick cash, since it is the easiest way to get same-day cash in hand. With this type of option available for quick transaction, it is easy to overlook the issue of data protection.
It is shocking how many laptops are pawned or sold with sensitive data still on the hard drive. This could have grave implications for you if you leave sensitive information on there.
Our advice? Make sure you transfer all of your personal data off of your laptop. This includes notes, documents, any type of business information, personal identity data, credit card information and more. Don’t forget to transfer your music, voicemails and photos to a backup drive before you wipe your computer clean.
A dirty laptop or tablet computer is a huge red flag for pawnbrokers. If a customer brings in a product that looks neglected, it’s assumable that the device will have issues. Use a dry rag or cloth to wipe away dust, debris, and crumbs from food. Check the screen for smudges and fingerprints, and check each external port for dust and debris. Click here to learn how to clean your laptop from CNET.com.
Knowing the specifications of your laptop or tablet will help you negotiate for the best cash price. By researching your item, you will get to know its resale potential.
It won’t matter if you have a Apple MacBook Air or Samsung Galaxy Tab in mint condition – not every shop deals with these electronic. (Some prefer not to deal with used electronics altogether.) Reasons for this include assumable concern for small dents and scratches from heavy usage and possible viruses. Also, the battery strength might have decreased – making the laptop less mobile friendly – which reduces its value. You can avoid this problem by submitting your item on PawnGuru. Only shops that are interested will send you cash offers!
There are several reasons for this. Firstly, a pawnbroker’s inventory will vary by local demand in their city. Meaning most pawn shops will only deal with items they think their local clientele will buy. For the many that do deal with electronics, it will really depend on your item. Is it very old? Does it work? Will a future customer want to buy it?
Answer: Yes! Once inside, ask to see their inventory of laptops and tablets. If you see a computer you like, ask if you could trade in your old one, or get a substantial discount. You will definitely find awesome deals on laptops and tablet.
Now that you know how much pawn shops pay for laptops, you have a rough understanding of the least and most money you can get for it. With PawnGuru, you can rest assured you’re going to get the best offer possible from a pawn shop near you.
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