Time to bite the bullet on that 70-inch TV.
TV’s are getting bigger and cheaper. It seems like you can get a wall-sized TV for a few hundred bucks these days. But that doesn’t mean that you can’t make any money selling your old one.
Pawn shops love buying up old TV’s. They always sell well in the shops, and if you’re getting rid of yours anyway, you may as well get some money for it without going through the trouble of using online marketplaces.
Here’s a guide on pawning TVs.
Pawning TVs 101
Before you take your old TV in, you’ll want to be prepared for what the pawnbroker is going to offer you. One of the things you can do to maximize your profit when you walk into that place is to do a bit of research beforehand.
Brands Are Important
Pawning something dated like a TV isn’t hard to do, but the brand of the TV matters. Certain brands have a certain cache. Brokers know which TV’s are reliable for a few years and which ones are going to die because they’re a few years old.
The most sought after brands include LG, Panasonic, Samsung, and Sony. Middle of the road ones would be Vizio and Sharp, and the less desirable ones would be Insignia, Toshiba, and JVC. You can still bring the weaker brands into the pawn shop, just expect less money.
Size Is Important Too
The other factor in calculating the value of your TV is its size. Obviously bigger TVs will fetch more at the pawn shop. Anything over 42-inches might fetch you a couple hundred dollars and anything under 26-inches probably won’t get you much of anything.
So when you combine these two things, you can get a better idea of the money you’re looking at. If you’ve got a 49-inch Samsung TV from a couple of years ago, you could be looking at a decent payday. Consequently, if you’ve got a 32-inch Insignia, it might be better to just leave it by the side of the road.
How Pawn Shops Operate
The pawnbroker is going to base what he/she offers you on what they have in stock. This might not be surprising, but lots of people pawn TVs, so some shops will have more than enough and will give you a lowball offer.
What you should do to combat this is to shop your TV around to a few different local pawn shops to see where you get the best offer. Unless you’re in a hurry to offload the thing, it’ll be worth the wait to get the best deal.
They’ll also be privy to plasma technology. The LCD TVs of now are much easier to sell than plasma TVs, which haven’t been around in a while.
Lastly, if you have the box, the remote, and all the cables, you’ll get a better offer.
Take Your Earnings
And put them towards a shiny new flat screen. Don’t get too attached to your new TV, something better will come out and you’ll be back at the pawn shops in a year or two. Isn’t pawning TVs fun?
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