Selling Your Guitar At a Pawn Shop

March 05, 2020 - Equipment and Tools

Interested in selling your guitar at a pawn shop?

Before we get down to the nitty-gritty, if you need to find offers on your guitar quickly, get started with posting your guitar online at PawnGuru. You will receive offers from multiple pawn shops in your area, saving you time —and in many cases— money.

There are many benefits to selling your guitar to a pawn shop. First off, the money comes quickly. You can get cash-in-hand for your instrument faster than if you were to go back-and- forth with a prospective Craigslist buyer. When you sell your guitar at the right pawn shop, you can get a great offer.

However, our recent study showed there is a 90% difference between the prices that pawn shops will offer you for a musical instrument. If this comes as a surprise, you’ll want to continue reading. There are many ways you can prepare yourself to get the best offer on your guitar from a pawn shop.

In this post we offer tips and tricks for selling your guitar at a pawn shop, including what you need to know when you start looking around for offers. Let us walk you through the process for selling your guitar at a pawn shop in your local area so that you can get the best deal possible.

1. Compare Guitar Pricing Online

Check out what people are buying and selling guitars for online. Visit websites that facilitate sales between buyers and sellers for instruments specifically, such as Guitar Center, Reverb and Music Go Round. Take note of the average prices you see for your specific guitar make and model. Don’t forget to visit Craigslist and eBay to see what prices people are asking for (or offering) on guitars in your specific area.

2. Compare Guitar Pricing at Local Pawn Shops

When you visit your local pawn shops, it’s important to know they might offer you the lowest price possible for your guitar. It’s equally important to know that you have negotiating power.

Now that you have visited the traditional online marketplaces, you will have a mental record of what you should expect to sell your guitar for. You might want to be prepared to pull out a notepad that has the prices you’ve recorded from each site. This way, when the pawn shop names a maximum price, you can be prepared to show them what you found elsewhere. Your list will also be a good reference in the case that a pawn shop sounds like they are giving you a better offer than any other site or shop you visited.

3. Post Your Guitar Online at PawnGuru

If pricing comparison sounds like a hassle to do on-foot, check out PawnGuru. You can post the details of your guitar in order to receive offers from multiple pawn shops in your area. This way, you won’t be missing out on better offers.

Rather than go shop-to-shop, save yourself some time and energy by using PawnGuru from the comfort of your home. We’ve been featured in popular publications such as Forbes, Gawker and The Huffington Post, and we’ve facilitated more than $17MM worth of pawn shop offers.

Submit your item to PawnGuru today for free, and receive offers on your guitar right away!

David Stiebel
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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