February 28, 2020 - Electronics
When you take your Laptop to a Pawn shop you have two offers that you can make to the Pawn Shop Owner. First being, to ‘Pawn’ the Laptop and second being to sell the Laptop. Many suggest that you can get more cash when you sell the Laptop to the Pawnshop owner rather than putting it as collateral.
The difference between selling a laptop and ‘pawning’ it is very clear – When you sell the laptop to the Pawnshop, you are releasing yourself off the property (in this case the laptop) and the pawnshop owner buys it.
However, when you pawn the laptop, you are putting it as collateral to acquire a short or long-term loan in exchange. The pawning value is less than selling value because the pawn shop owner bears the risk of losing their money in case the loan acquirer defaults on the payment.
Pawning a laptop has many benefits such as providing you some extra cash without giving up the ownership of your laptop.
Not only that, you can spend the extra cash earned through pawning to fulfill your short-term needs. Once you have earned enough cash to pay off your loan from the pawn shop you will acquire back your property which may have intrinsic value as well.
There are a couple of ‘good to know’ things before you take your Lenovo Laptop to a pawnshop. First up – you need to make sure that your item works perfectly fine.
For example, it does not crash while you boot the operating system or if any virus notifications do not ‘popup’ on the screen while the pawnshop owner browses through your system.
When valuing your Lenovo laptop, the pawnshop owner will search online to find out the current market value of your laptop. The pawnshop owner would focus on the ‘resale’ value rather than the ‘sale price’ of the laptop.
Hence, to create the best value for your laptop, you need to make sure that there are no ‘hiccups’ in your hardware or software when you pawn or sell your Lenovo Laptop at the pawn shop. Reliability is the main concern when the laptop is being valued. If the laptop works ‘fine’ it will have a great value.
The best way to create value for your Lenovo Laptop is to show that it is in the best condition. To make your laptop start looking brand-new, wipe your laptop completely with a damp and disinfectant cloth to make it look sparkling clean.
Make sure there are no marks or residue on the laptop. Good packaging increases the price as well. And the packaging matters too. If you wrap a gift with a good sheet of cover it looks more impressive.
Hence, if you have manuals and your laptop packaging is still intact you should use it to create extra value for your laptop. In fact, the driver CDs that come with the computer can also help impress the buyer.
You will be using all these tips to stand out from the crowd. The pawn shop owner may have received a number of laptops in the past, the completeness and cleanliness of your Lenovo Laptop can make that big difference for creating extra value.
Recent trends that we see for the prices of Lenovo laptops in the market suggests that a good quality Lenovo Laptop can be pawned for a little more than a hundred dollars.
This deal would require you to provide a laptop which is in good shape, ready to use and looks nice from clear screen to no residual marks on the laptop surface.
Pawning rather than selling has its own benefits such as owning the property while generating extra cash for short-term use.
Also, when Pawn shops take your Lenovo Laptop as collateral they do not check your credit history as the loan they offer is secured with a collateral, secondly it’s based on the pawn shop devised terms such as short-term loan and lower loan amount offered.
While pawning your Lenovo laptop, you should consider giving a strong pitch for your products. Many would suggest that Lenovo is one of the strongest brands in the World of laptop computing. Not only that, but it comes with some great features such as an analog stick, switched FN and Ctrl on the left side of the keyboard.
The bottom side of the keys on the keyboard is rounded creating a better typing experience. Lenovo is a symbol of best brand value for your money’s worth. It comes with all the state of the art features required in a standard laptop at the same time being economical to buy.
In addition to all this, do not forget to delete all the important files and transfer them to a safe location before you offer your Lenovo laptop as collateral.
Pawning your laptop is a great way to add some extra cash to your wallet. However, when you are keeping it as collateral at a Pawnshop there are many things that you can do to maximize its value.
The tools provided in the article help you add those ‘finishing touches’ to your product and create a pitch that will prove to be valuable in the process.
Pawnshop owners are looking for items that have a strong value as collateral. Lenovo laptops are always in demand and provide great value for the client’s money. Such products are ideal and all you need to do is express its worth with the right packaging and a good pitch.
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