January 23, 2020 - Clothing, Accessories and Handbags
You’re looking to make a few extra bucks either by selling or pawning them. But which is the best way to go?
Here are a few tips on how you should prepare to sell Nikes or pawn them. We’ll also go over how to determine which is better for your bottom line.
Pawning is a term for setting down collateral (like your Nikes) in exchange for a quick loan. Many Americans rely on this model to make ends meet. Your Nikes might just be what you need to quickly get out of a financial problem.
It depends on the pawn shop. Some pawn shops will take clothing and accessories, while others strictly deal in other items. If you’re looking to pawn your Nikes as opposed to selling them, make sure your pawn shop will accept them.
Whether you choose to sell or pawn your Nikes, their condition is everything. If you’ve been wearing them for 10 years straight as an everyday shoe, they’re probably not going to fetch a huge price tag. This goes for both pawning and selling them.
Your Nike shoes should be in good condition before you consider offloading them. They should be free for odor and grime. In some cases, a pawn shop or someone online will take Nikes that have been used and need a good cleaning, but only if they are a very high value or limited edition.
If you want to sell or pawn your Nikes, clean them first. Make sure they are as free from marks and rancid smells as possible.
When selling or pawning an item, the original box counts for a lot. You should always save the original boxing of high priced items, especially if you plan to resell or pawn them. If you have the original box, this can help the item sell for an even higher price.
When you’re ready to sell or pawn your Nikes, you should keep your receipt on hand. This is to ensure that you can verify they are authentic. Lots of fake items of designer and high-end products abound, and customers want to know they are getting the real deal.
You should pawn your Nikes if they are high value, in good condition and you’re looking to get a guaranteed payday immediately.
Price your Nikes by going online and looking for shoes for sale on sites from a similar year in a similar condition. This way, you can get an idea of how much you should get for the shoes.
You can also take a printout of the listing or bring your phone to show those who work at a pawn shop exactly how much you could get for them online.
If you’re ready to sell Nikes, it might actually be time to consider seeing how much a pawn shop would be willing to give you first.
For all things pawn shop related, explore 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