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How Much do Pawn Shops Pay for Guitars 2019

How Much do Pawn Shops Pay for Guitars? | August 2019

Musical Instruments

If you’ve asked yourself “how much do pawn shops pay for guitars,” you’re definitely not alone.

At PawnGuru, we are commonly asked this question and we decided to finally write a blog post about it using our guitar pawn data from all of 2019.

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If you haven’t heard of PawnGuru, you should get to know us! We will be saving you tons of research into guitar pawn values and other pawn information.

Essentially, we provide a free online space for pawn customers and sellers of used goods to list their items for sale. When you list an item such as your guitar on PawnGuru, your nearby pawn shops will be alerted to your listing. The pawn shops interested in your specific guitar will contact you online to make a cash offer.

This means that you get to receive multiple offers for your guitar from interested pawn shops in your local area. This is an important benefit of using PawnGuru, as not all pawn shops will take guitars or other musical instruments. PawnGuru eliminates the need to do manual research on which pawn shops in your area take guitars, as well as which ones will give you the best offer.

Pretty cool, right?

PawnGuru allows you to compare all local pawn shop offers on your guitar in one space, all without leaving your home.

We will tell you more about how to use PawnGuru later on in this post, but first, we want to answer your original question, “how much do pawn shops pay for guitars?”

Read on to learn how much pawn shops will give you for your used guitar.

1. Pawn vs. Selling

First things first, you have to know the difference between a pawn and a sell.

When you pawn an item, the shop gives you a loan you agree to pay back over a designated amount of time. Fees and interest are often included. Once you pay back the loan, you get the item back.

Selling an item is more straight-forward. You bring your item into the shop, where they determine how much money they are willing to buy it for. Once the transaction is complete, they resell the item at market value.

2. What is Market Value?

Market Value is the amount of money an item can sell for in a specific market.

Musical instruments are some of the most pawned items in the industry. This means will be difficult for you to get a lot of money back for your guitar. On the flip side, there is a small chance they will deny you completely.

If a shop already has a few guitars they will give you a lower buying price than what your guitar is worth on the market.

3. Choose the Best Payment Plan

Should you decide to pawn your guitar rather than sell it, you will be able to work with the shop on a payment plan.

Your loan will be based on the market value of your item. The payment plan is 30-days but varies by state. If you do not pay the loan back by the end of that 30-days you can file for an extension or surrender your guitar as collateral payment.

4. Ways to Increase Your Payout

Whether you pawn or sell your guitar, there are easy ways to increase your loan or payout amount.

Make the necessary repairs to your guitar– fix a string or replace any broken parts. Make sure it is clean and functioning.

As you prepare to sell, include any accessories you have. From a tuner, straps, bow, to a case, these additions will increase your final payout amount.

5. You Have the Right to Barter

Don’t be afraid to say no to their first offer.

This tactic is more useful when selling vs. pawning but feel free to use it in either scenario.

So that leads us to our big question:

How Much do Pawn Shops Pay for Guitars on Average?

How much pawn shops pay for guitars depends largely on the make and model. Some guitar brands are more desirable than others. And, of course, if you own an autographed guitar or rare/desirable guitar, you’re definitely going to get more money for it than others.

Looking to sell or pawn an item now?
Get local cash offers – free, fast & easy.

Pawn or Sell An Item

The Least and Most Money you can get for Pawning a Guitar

The least and most amount of money we have seen pawn shops buying guitars for is displayed below.

  • Minimum Offer: $20
  • Maximum Offer: $800

Guitar Pawn Value by Brand

To find guitar pawn prices by brand, check out the chart below based on PawnGuru’s 2019 data. This will give you minimum, maximum and average guitar pawn values for the most popular guitar brands.

Don’t see the brand you’re looking for? Sign up for PawnGuru and get the pawn value for your specific guitar today!

Guitar BrandMin. Pawn ValueMax. Pawn ValueAvg. Pawn Value
Gibson$30$800$310
Epiphone$20$300$95.38
Martin$100$200$150
Schecter$75$125$100
Taylor$15$500$228
Takamine$20$60$40
Les Paul$75$200$137.50
Fender$30$250$100.50
Jackson$50$50$50
Ibanez$30$250$112.14
Yamaha$20$80$55
Washburn$25$50$37

Please keep in mind that the guitar pawn value data above includes a wide array of guitar models for the indicated brand. This explains large variances in minimum and maximum guitar pawn value for a given brand.

How Much do Pawn Shops Pay for Electric Guitars on Average?

How much pawn shops pay for electric guitars depends largely on the make and model. Some electric guitar brands are more desirable than others. And, of course, if you own an autographed electric guitar or rare/desirable electric guitar, you’re definitely going to get more money for it than others.

The Least and Most Money you can get for Pawning an Electric Guitar

The minimum, maximum and average offers pawn shops have made on electric guitars on PawnGuru in 2019 is displayed below.

  • Minimum Offer: $20
  • Maximum Offer: $400
  • Average Offer: $266

Electric Guitar Pawn Value by Brand

To find electric guitar pawn prices by brand, check out the chart below based on PawnGuru’s 2019 data. This will give you minimum, maximum and average electric guitar pawn values for the most popular electric guitar brands.

Don’t see the brand you’re looking for? Sign up for PawnGuru and get the pawn price for your specific electric guitar today!

Electric GuitarMin. Pawn ValueMax. Pawn ValueAvg. Pawn Value
Gibson$400$400$400
Epiphone$40$200$119.16
Takamine$20$20$20
Fender$30$250$122.78
Ibanez$50$75$62.50
Washburn$50$50$50
Squire$25$25$25

On the other hand, for the brands that indicate a value that is the same for minimum and maximum offer, this means there was one offer made for that brand.

How Much do Pawn Shops Pay for Acoustic Guitars on Average?

How much pawn shops pay for acoustic guitars depends largely on the make and model. Some acoustic guitar brands are more desirable than others. And, of course, if you own an autographed acoustic guitar or rare/desirable acoustic guitar, you’re definitely going to get more money for it than others.

The Least and Most Money you can get for Pawning an Acoustic Guitar

The minimum, maximum, and average offers pawn shops have made on acoustic guitars on PawnGuru in 2016 are displayed below.

  • Minimum Offer: $15
  • Maximum Offer: $800
  • Average Offer: $261

Looking to sell or pawn an item now?
Get local cash offers – free, fast & easy.

Pawn or Sell An Item

Acoustic Guitar Pawn Value by Brand

To find acoustic guitar pawn prices by brand, check out the chart below based on PawnGuru’s 2019 data. This will give you minimum, maximum and average acoustic guitar pawn values for the most popular acoustic guitar brands.

Don’t see the brand you’re looking for? Sign up for PawnGuru and get the pawn price for your specific acoustic guitar today!

Acoustic GuitarMin. Pawn ValueMax. Pawn ValueAvg. Pawn Value
Gibson$800$800$800
Martin$100$100$100
Taylor$15$500$257.50
Takamine$20$60$40
Fender$30$100$70.62
Yamaha$20$20$20
Washburn$25$40$33.75
Squier$35$35$35
Epiphone$40$75$58.33

On the other hand, for the brands that indicate a value that is the same for minimum and maximum offer, this means there was one offer made for that brand.

Pawn Shops that Take Guitars Near Me

To find out exactly how much pawn shops pay for a guitar in your area—and for your specific model—list your guitar on PawnGuru and get fast offers online from pawn shops in your local area.

Here’s how to get started with PawnGuru:

  1. Create a free listing on PawnGuru
  2. Watch offers roll in from interested pawn shops in your area
  3. Find an offer you like
  4. Bring your guitar into the highest-bidding pawn shop
  5. Finalize the offer
  6. Walk out with cash in hand!

Now that we’ve answered your question,“how much do pawn shops pay for guitars,” feel free to explore more of our pawning resources below to help you pawn and sell effectively.

Related Reading:

Looking to sell or pawn an item now?
Get local cash offers – free, fast & easy.

Pawn or Sell An Item
Summary
Article Name
How Much do Pawn Shops Pay for Guitars? | August 2019
Description
How much do pawn shops pay for guitars? Find out at PawnGuru, where we list average guitar pawn value by guitar brand!
Publisher Name
PawnGuru
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David Stiebel

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.

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