Do You Get More if You Sell or Pawn at a Pawn Shop Near Me?

You probably already know that visiting a pawn shop near me is a good way to put some money in your pocket when you need it the most...but what you could be wondering is whether you should sell your items or pawn them. If you aren't really familiar with pawn shops, you might not even really know the difference or know about the services that pawn shops like Greenbrier Pawn have to offer. Either option can put some money in your pocket, so you'll just need to decide which option is best for you?

Will I Get More Money When Selling or Pawning at a Pawn Shop Near Me?

This is a common question we get, but you should know -- you'll get the same amount of money either way. This is because when we buy something, we obviously look at its resale value and determine how much we can offer. When we grant a pawn loan, we do the same thing, just in case the customer defaults on the loan and we need to recoup the money we loaned them. That's basically the point of a pawn loan -- it's secured by collateral. Basically, you shouldn't make your decision of whether to sell or pawn based on this, since you'll get the same amount of money with either option.

When Should I Sell Something to a Pawn Shop?

Selling is a good idea if, well, you don't want the item back. Maybe you're cleaning out your jewelry box and purging pieces that you just don't wear anymore, or maybe you've inherited some things from a family member and don't want to keep everything. If you want to get rid of an item or just don't want to worry about having to repay a loan, just come in with your item and ID, and let us know you're ready to make a sale.

When Should I Pawn Something at a Pawn Shop?

So, when should you pawn something? That would be if you want to take out a loan and don't really want to give up your item for good. Basically, we'll just hold on to your item for a little while until you come in and repay your loan -- and we'll keep it safe in the meantime, so you'll get it back in the same condition that you left it in. Pawn loans are a good option if you don't have good credit, since we don't run a credit check...plus, you never have to worry about a pawn loan affecting your credit score, even if you default. It's a great way to borrow money, especially if you struggle with getting approved for traditional loans!

Whether you're interested in selling or pawning, you can put some cash in your pocket today at Greenbrier Pawn. If you still have questions about these two options, our friendly staff would be more than happy to chat with you about it...just give us a call at 757-382-9066, or stop in at your convenience!

Greenbrier Pawn | Chesapeake