If you need cash now, a pawn shop, like Traders Loan and Jewelry, is a great place to go. You can clear out your house of a few things you no longer need or use, and make a profit – or use a particularly special item as collateral to obtain a short-term loan and come back for it later. However, deciding which option you should choose isn’t always an easy decision. So, to help you out, we’ve put together some information you should consider to help you make sure you’re making the right choice for you!
How Valuable Is The Item?
You should always expect to be offered more if you plan to sell, and less if you want to pawn – that’s just the way it is. That means if money is your primary concern, you will likely want to choose to sell an item rather than pawn it. However, once an item has been sold to a pawn shop, you no longer have any claim over it whatsoever and will have to purchase it back, if you want it, for whatever new price it’s listed as – if it’s even available for repurchase in the first place. Of course, if all you care about is simply trying to get cash fast for things you have no desire to keep, selling is most likely the smartest choice for you! Just remember, if an item is not as valuable, it may not even make sense to pawn it since the amount will likely be miniscule.
How Important Is The Item To You?
If you’re desperate for funds, but you really despise the idea of parting with things that hold any kind of sentimental value to you, you might want to think about pawning the items in question instead. Pawning the items will still allow you to get the cash you need now, although admittedly at a significantly discounted rate, on the terms that you will pay that money back in a certain amount of time, with reasonable interest. Once the item is paid off, it can be yours once again. However, it’s crucial to remember that should you neglect to make all your payments within the agreed upon time frame, or follow the conditions of your loan agreement, your items will be forfeit to the pawn shop.
Should You Sell Your Item Or Get A Loan?
Whichever you decide is ultimately up to you, and will depend entirely on your unique personal circumstances. However, either way, if you want the best deal, we encourage you to check out the oldest and best pawn shop in the valley since 1954 – Traders Loan and Jewelry! If you are looking for the best pawn shop in the San Ferdando Valley, stop in to Traders Loan & Jewelry today at 18505 Sherman Way Reseda, CA 91335, call 818.345.8696 , or simply fill out the form on our contact page if you have any questions.