Posted on: 26 October 2017
The holidays will be here before you know it. If you're on a tight budget, you might be dreading the gift-giving season. It can be difficult to buy gifts for your friends and loved ones when you're in the middle of a money crunch. One way to get some spare cash for gifts is to head to the local pawnshop. Unlike payday loans, you won't get caught in a never-ending cycle of borrow and payback. Pawnshops will either buy your items outright or give you a short-term loan for your item. When you pay the loan back, you get your belongings back. In most cases, the interest rate is much lower than you'll get for a payday loan. Here are four steps that will make your trip to the pawnshop more lucrative for you:
Make Sure Your Item is Clean
When you take your items to the pawnshop, make sure everything is clean and in working order. You're not going to get much money for your belongings if they look like you found them in a dumpster, or they're not working. Take a few minutes to test everything out, give it a thorough cleaning, and make sure all the pieces are there. You'll be glad you did when you get more money for your belongings.
Be Willing to Negotiate
You may know exactly how much money you want for your belongings, but that doesn't mean the pawn shop owner is going to offer you that price. Be willing to negotiate a bit. The best way to do that is to ask slightly more than you actually want for the item. Most likely, the pawnshop owner will make an offer that's below that amount. That gives you the opportunity to meet in the middle, allowing you to get close to the amount you actually wanted for your belongings.
Get Personal About the Item You're Pawning
One of the great things about pawnshops is that they're not interested in your credit history, but they are interested in your personal history. They want to know your story when you're pawning something. If you're pawning a family heirloom so you can buy holiday gifts, share that story. You might find that you're offered a bit more money for your belongings.
Don't Forget to Shop There Too
After you've pawned your belongings, don't forget to shop around inside the store. You'll be surprised to see how many great gift ideas are available in your local pawnshop. Not only will you find great prices for the gifts you're looking for, but most pawnshops also offer layaway plans.
Contact a company like Whittier Loan & Jewelry for more information and assistance.Share