February 24, 2020 - Pawn Resources
If you’re going to part ways with an item or pawn it at the risk of not getting it back (in the case that you don’t pay back your pawn loan), you’re going to want to make sure you get the most money possible. On top of that, you’ll want to make sure you’re bringing in an item of significant value.
In 2015, we brought various types of items to eight different pawn shops in the Detroit area, where we are based. Our goal was to see whether pawn shops offered similar prices for these items, or if there were huge disparities.
What we found was that there were large disparities in what pawn shops were willing to offer us. Some shops offered hundreds of dollars for an item that another shop offered less than $100 for. And what’s most surprising of all? Some didn’t even make an offer!
We realized that if we encountered this problem, that millions of other people were likely facing the same problem at pawn shops.
To solve this problem, we created PawnGuru. With PawnGuru, you can connect online with multiple pawn shops in your area. All you need to do to receive bids online from multiple pawn shops is list a photo and brief description of your item. Pawn shops in your area will be immediately alerted that your item is up for bid, and they can immediately make offers on your item. You are notified online as soon as this happens.
Not only does this save you time researching which pawn shops will take your item, but it allows you to compare the cash offers in one place from the comfort of your home.
Watch the short video below to learn more about how PawnGuru has helped hundreds of thousands of people get the most money at a pawn shop for their items.
Now that we’ve answered “how to get the most money at a pawn shop,′′ you might also find the related articles below to be helpful in your pawning experience.
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