If you are on the lookout for a reliable and efficient pawnbroker in your area, you should check out Major Pawn for your pawning and selling needs. We serve most of the major areas in New York such as Queens, Nassau County, and Suffolk County. Click here to see a more comprehensive list of all of our serviced areas.
Our services allow all prospective clients to get instant loans for their jewelry, furniture, and other valuable items. Conversely, you also have the option to sell your items to save yourself the hassle of paying for added interest. Click to visit majorpawn to find out more about our specific services.
Some first time clients might unsure whether it would be in their best interest to pawn or sell their valuables once they find themselves at a pawn shop. In truth, the answer will be determined by a set number of factors. In order to help you decide which option is more suited for your needs, we have listed down the basics and differences between pawning and selling.
Pawing entails surrendering your valuables at a pawnshop with the intention of retrieving it at a later date. In exchange for money, you will leave your valuables as collateral. Click here to pawn an item today.
After our pawnbroker assesses the value of your items, he will give you a set amount of money and keep your item until you can repay your loan in full with the added interest and miscellaneous fees. If you are unable to return to the pawnshop to repay your loan on the promised date, our pawnbrokers have the right to sell your items to another customer in order to reimburse the loaned amount.
Choosing to Sell
When you choose your item, it is a more straightforward and less binding process than pawning. Basically, our pawnbroker will also assess the current value of your item and give you an amount that you can agree on.
Once you have come to an agreement, the pawnbroker can then give you the cash in exchange for your items. Afterwards, you simply go home with your money without any further ties and responsibilities to the pawnbroker. Click here to find out how you can sell your valuables at Major Pawn.
Which Method Should You Choose?
The first factor that you should consider before you make your decision to pawn or sell your item is its perceived value. Is it something that you are willing to part with forever or does it hold some sentimental value? Is it something that has been passed down in your family or something that you received from a dear friend or lover? If it is something that you cannot bear to part with, then it is better if you pawn the item instead of selling it.
The second factor that you should consider is the actual value of the item. If the item that you are thinking of pawning is a branded bag, jewelry, watches, or any other investment piece that will likely increase in value through the years, again it would be better for you to pawn the item instead of letting it go. After all, selling your item would destroy the entire purpose of making an investment in the first place.
On the other hand, if you simply pawn your item, it will still be listed under your name, and you can still reap the rewards once it increases in value. Likewise, once you retrieve the item, you have the choice to pawn it again and get and possibly get a bigger loan in the future.
The third factor that you should consider is the actual amount that you can get for your items. It is possible to get a much bigger loan amount of you are pawning an item rather than selling it. The reason for this is that a pawnbroker will need to put in more effort in reselling your item rather than simply keeping it temporarily.
Choose NYC Major Pawn Shop
Once you finally make the decision to either pawn or sell your item, the best place to get a good deal and maximize its value is NYC Major Pawn Shop. We can give you the lowest and most competitive interest rates and the most flexible payment terms in your neighborhood. Most loans can be made for one day and extended for up to 4 months. You can rest easy knowing that you have enough time to earn enough to pay back your loans and retrieve your valuables.
If you are in need of instant cash, simply click here to reach one of our trustworthy and helpful pawnbrokers who will be more than happy to assist you. Nevertheless, you must remember that loans and sales will only be accepted from adults, so you should have an ID on hand to facilitate a pawn or sale. Finally, as long as your items are still in good, working condition, we will provide you the cash you need.