February 11, 2020 - Electronics
Speakers are a popular item at pawnshops. Depending on the local demand, the condition & brand of the speakers, and the method you use to pawn your speakers—will affect the amount of money you will be offered. You can get hundreds of dollars pawning your car speakers, entertainment system, or portable speakers right now!
Pawnshops are often used because they are a simple, straight-forward way to get money quickly without selling your items outright. Your speakers could be worth more than you think. To find out the value of your speakers, and how much they could be worth at a local pawnshop near you, use PawnGuru to get offers right now!
Not every pawning process is equal. This article will guide you through the process of pawning your speakers—ensuring you get the best offer possible!
Before you go through with pawning, you’ll need to familiarize yourself with how the system works. When you pawn an item as collateral, you enter a contract between yourself and the pawnshop dealer. You will need a valid state I.D. and the speakers that you want to pawn, or any other valuable item like a Lenovo Laptop.
Your speakers will be used as collateral for a loan. Meaning, you’ll get cash in hand that day for allowing the pawnshop to hold your speakers for the term-length. Depending on state law and the contract agreement, a typical term-length will be around 30-days. You’ll have 30 days to pay your loan back in full and get your speakers back. If you make an interest payment on the loan, the term-length is extended, and you’ll have more time to pay back the full amount to get your speakers back.
To understand more about pawning any item, read our article: How Pawning Works: A Beginner’s Guide.
Many people like using auction sites like eBay, or classified websites like Craiglist to post their speakers—hoping to sell them—attempting to get more money than they would at a pawnshop. This is an alternative to pawning your items however you, of course, can only sell your speakers on sites like these. You cannot pawn them. On top of this, there are two very considerable reasons to opt for a pawnshop over these methods.
When you use a pawnshop to get money, that payment is verified, and you are protected by the dealer’s contract. Using a pawnshop is the only way you can be 100% sure that you will be able to get cash in hand that day. When you use classifieds or auctions, often you’re responsible for shipping the speakers or meeting the buyer yourself in person. This can be more expensive than pawning and can even be dangerous.
At a pawnshop, you can be assured that when you can place your items as collateral you’ll receive money the same day. Selling your speakers on a website can take days, or even weeks, as buyers comparison-shop through various postings. To increase your chances, you might have to post your speakers more than once on different sites. Taking the time to register for the sites, write the post, and check your emails can be arduous. With a pawnshop, you’re dealing with a one-time task and often speak with the same dealer each time. This saves you valuable time!
To make the process even more simple, it’s recommended that you use PawnGuru to pawn your speakers. Using this approach, you only have to list your speakers for free once. You also have no obligation to sell or pawn when listing your speakers. PawnGuru conglomerates every local pawnshop in your area. Meaning, we do the work for you!
Once you list an item, the platform will alert every pawnshop of your listing. Pawnshop dealers will email you with their offers. After this, simply pick the highest offer for the most money and pawn your speakers. Since speakers are such a valuable commodity, you’ll most likely get tons of offers right away. PawnGuru is the pawning of the future! It saves time, ensures protection, and gets you the best deal.
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