January 02, 2020 - Equipment and Tools
There are a couple ways to do this. You could pawn your viola, or sell it. So how do you know which is best?
The pawning vs. selling debate depends on your circumstances and goals. To help you make the right decision, we’ve created this helpful guide. Keep reading to learn more about pawning and selling your viola.
Did you know you can sell items at a pawn shop? Though the name can be misleading, you aren’t limited to pawning. Pawn shops offer both options to cover all your needs.
If you pawn your viola you’re taking out a loan against it. The pawnbroker at your shop of choice will give you an amount of cash for the viola. You’ll have the chance to pay that amount off and get the viola back.
Since pawning involves a loan, be aware that you’ll have to pay interest and fees to get your viola back. They may be worth it to you though. If you’re just looking for some quick cash and don’t want to give up your viola entirely, pawning is the route for you.
You and your pawnbroker will go over the terms for the loan. You’ll know how much interest you’ll pay and how much time you have to pay the loan back.
Pawnbrokers will also buy your viola from you outright. You’ll likely get more cash if you choose this option, but you won’t get the viola back.
If you don’t need or want the viola anymore, selling is the best option. You’ll get the viola out from under your feet, and you’ll get some cash at the same time.
When you pawn an item, you’re taking out a quick loan. The great thing about pawns, though, is that interest rates tend to be lower with pawns then other quick loans. You’ll have to pay more money back for Payday loans and other types.
Whether you choose to pawn or sell your viola, it should be in good condition. It should also come with all necessary accessories, such as its bow and case.
If you’re selling, knowing when and by whom your viola was created will be helpful when determining value. If it’s an antique, it’ll be worth a lot more than a newer viola.
When comparing pawning vs. selling, both have their pros and their cons. Ultimately, you’ll have to decide which method is right for you.
If you’d like to keep the item, then pawning it is the way to go. If you want the viola out of your hair, go ahead and sell it.
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