Consumer Tips: How to Save Even More at a Pawn Shop

imgFeb 13, 2017
cash for financial emergencies
Get cash for financial emergencies at a pawn shop, like Best Collateral.

When you shop at a pawn shop you are already going to be saving a lot of money. Pawnbrokers pick up merchandise from individuals looking to make quick cash and offer the merchandise back to their customers for far less than you would pay retail.

You can find a wide variety of merchandise in a pawn shop including diamond jewelry, gold, collectibles, small household appliances, sporting goods, Rolex watches, fine art, electronics and musical instruments. In fact, there are very few things you won’t be able to find in a pawn shop.

There are a few ways you can shave even more off the already discounted prices you will find in a pawn shop.

The first thing you can do is shop the sales. Similar to retail stores pawn shops offer sales to their customers for even larger discounts on merchandise. Most pawn shops have a websites where you can check for sales on items you are looking for.

You can also sign up for mailing lists to be notified of any upcoming sales.

Utilize social media to scan for sales as well. These days most businesses have Facebook, Twitter and Instagram accounts they use to advertise sales and bring in business. The Rolex watch or diamond pendant you’ve been eyeing can be yours for even less when you wait for the sale to begin. Pawn shops offer sales similar to retail stores but unlike the major retail stores you have the flexibility to negotiate the price in a pawn shop.

The price listed is not the price you have to stick with. If you are savvy with your negotiating skills you are likely to pay less.

Finally, ask about programs such as layaway plans. Payment plans in retail stores may come with a higher price tag and interest payments. However, when you need something you can’t afford to pay for all at once a layaway program will set you up with a payment plan that is interest free which will save you a lot of money. Once you have paid the asking price you are then free to take your item home.

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I like how I can spend my points on games and movies for my XBox360 that I can't afford in the store. I also like how you do the points. Thank you so much.

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