February 03, 2020 - Pawn Resources
Sites like Craigslist or eBay require a lot of effort and possibly dealing with some unlikely characters.
If you sell or pawn your items instead, you’ll get just as much as you would from these online sites, but with far less effort.
But how much do pawn shops pay? A lot of it depends on a variety of factors. If you live in the Kansas City area and want to know how to get the best price at pawn shops, then read on.
There are a number of excellent pawn shops in and around Kansas City, MO. In fact, there are nearly 50 in the area!
You could read online reviews on Yelp, and trust the general public. And then you could drive around all day over the span of several days and compare offers on your items.
However, your best bet is to go to a website that offers the opportunity to comparison shop from the comfort of your own home. That way you don’t have to drive around with your car full of things you want to sell.
With online comparisons, pawn shops register with the site, so you know they’re a legitimate business and not going to try to pull one over on you.
It’s a good idea to clean up the items first and make sure they’re in good working order.
Plug in electronics and check that there are no glitches. Replace old batteries and look for cracks and broken parts. Be honest about the quality of the item. If you aren’t, you run the risk of losing business with that pawn shop.
If you’re wondering, “how much will a pawn shop give me?” It will be far less if you don’t take these steps.
Pawn shops will then make offers based on the description of your item.
Once you’ve selected a pawn shop, take the item in and exchange for cash.
A Pawn Shop will likely offer around 50% of the value of your item, or thereabouts. They often have done their research and they’re experts in buying and selling far more than you are. So don’t expect to get much more than that.
Pawn shops are not collectors. They don’t care if something has nostalgic value to you, they’re in the business to sell those items and make a profit.
Unless the history behind it can be authenticated, an item’s sentimental value won’t play into the negotiating process.
Sure. Go ahead and try to haggle, but don’t insult the broker.
Start with about 80% of the value. If the broker comes back with 60%, take it.
If you’re not happy with the offer, feel free to try another good pawn shop in the area. But it’s likely they too will give you a similar price.
So, how much do pawn shops pay? If you’ve done your research and determined market value for an item, you’ll discover that good pawn shops will pay about 50% of the value, if it’s in good condition.
However, there is wiggle room for haggling and negotiating. If you comparison shop online, you’ll also find local pawn shops that will give you the best deal.
Selling items at pawn shops really is an easy way to make some quick cash.
For more great articles about selling and pawning, visit our blog.
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