you might know that power tools are one of the most consistent sellers. With power tool sets often going for upwards of $500 on Amazon or eBay, the pawn shop has been a great alternative for the average working person for many years.
Tools are a popular gift item, so it’s easy to acquire more than you need. Because of this, you may find yourself looking to sell some to a local Cleveland pawn shop.
The good news is that tools are accepted by pretty much any quality pawn shop, but you may also be asking, “How much do pawn shops pay for tools?” Well, that depends on a few factors.
Here are a couple of questions to answer before taking them in to sell.
Cleveland is well known for being a working person’s city. So, of course, condition matters immensely with any item you plan to sell. With tools, that might mean a little bit more than just checking wear and tear, though.
For example, if you’re looking to sell a drill set, good condition doesn’t just mean they work, but that the set is complete. If you’ve had the set for a long time, it’s natural that some parts may have come up missing over the years, but it’s imperative the set is complete if you want the most money for your tools.
Other than that, your run of the mill wear and tear is certainly an important factor to consider. The most crucial thing to determine is if they work as intended, but cosmetics also matter a bit.
It’s no secret that appearance matters a lot to most people, but that doesn’t just apply to other humans. Even though the average construction worker might not care too much how pretty their drill is, something that looks beat up is naturally going to repel the human eye.
Bottom line: make sure you’re not selling junk, and all will be well.
Like with anything else in the realm of consumer goods, the brand makes a difference to people. While in high fashion it might just be for status, that’s not a concern in the mind of a Cleveland-area contractor. But in tools, name brands can actually be a fairly accurate indicator of quality.
Brands like DeWalt, Bosch, Snap-On, and Ridgid tend to be the most sought-after tools, and will, therefore, fetch the most cash. Other brands like MAC and Hitachi aren’t quite as popular, but most pawn shops will still take them.
If everything on your checklist is up to snuff, you can reliably expect to get around $100 for your used tools. For someone looking to make a bit of quick cash, that’s not bad at all.
Even if your tools fall a bit short of the above requirements, it’s still not uncommon to get $50 or so for them. It could certainly be worse.
All that said, if you’re reading this, it’s possible you’re new to the pawn game, and that can come with some degree of beginner’s apprehension. If so, don’t feel bad. For starters, here’s a list of the ten best-rated pawn shops in the Cleveland area.
If you’re ready to jump into the world of pawn shops and make some money for your used items but aren’t quite confident enough yet, just learn the basics first. Knowing how much do pawn shops pay for tools can be invaluable.
Good luck out there!
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