February 22, 2020 - Equipment and Tools
Because the best power tools in the industry tend to last for years, for about $100 every 10 years, simple replacements, like batteries, can keep your tools valuable.
If you’ve moved on from the construction industry, it might be time to let go of some of your valuable tools. If you decide to pawn tools, you might need to make sure you’re going to get a good price from a shop in San Diego.
If you’ve never pawned tools before, you should follow some simple tips in order to get the best price for yours. Not all tools are created equal and if you want to sell your tools for a good price, you need to know what pawn shops expect.
When you’re ready to sell your tools in San Diego, follow these 3 tips.
The first thing you should do is to clean all of your tools up. If you see little rust spots or spilled paint, those things can be easily cleaned off. Vinegar or a little bit of sandpaper can get any rust or corrosion off of your otherwise high-quality tools.
Make sure you test any power tools or anything that plugs in. If you get to a pawn shop only to find that your tools no longer work, you might be embarrassed and a little upset. The pawn shop owner might be a little bit irritated for you wasting their time and might low ball you on anything else you have, even if it’s in good condition.
With the number of construction sites and stores that get raided for tools, it’s important to prove the tools are yours. Make sure you’ve got receipts and any applicable warranties for your tools. The last thing you need is for your pawn shop to suspect you of theft.
If there is a warranty for any larger tools, make sure you’ve got documentation. This could be a selling point for the pawn shop and increase it’s value when they decide what to offer you.
Not all shops are going to have the same scale for what they’ll offer you. Some shops will have too many tools and others won’t have enough. Call ahead to see what they need and how much they’re willing to offer you.
Browse around a few stores and see how much tools like yours are being sold for. If you don’t agree with the prices, don’t sell to those shops. Choose which pawn shop to work with wisely so you don’t feel ripped off.
If the pawn shop wants what you’ve got bad enough, they’ll be willing to pony up a fair price for your tools. If you don’t feel like you’re getting a reasonable price when you pawn tools, speak up. Pawn shops will have a cap for as high as they’ll go on certain items so if it’s not what you expect, feel free to move on.
If you’re deciding on whether to pawn your tools or get a payday loan, check out our list of reasons why pawning is better.
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