NA2006
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simple ... they buy things at a less than worth value... and sell them at there true worth value ...
example - i take a 100 dollar watch in ... they give me 40 for it ... and sell it for 60. Thats a 20 dollar profit for doing basically nothing.
im sure they make very good money . |
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Sparkles
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Buy charging interest on items people pawn. Also if the person does not come back for the item, it is sold making more money. They only loan the lowest possible amount in case it has to be sold. |
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nyckib
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Buy something from you for $5 and sell it for $75. The idea is that you sell it and go back for it when you have $, which never happens. |
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Mr 51
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They pay very little for things, and charge a fee, and if the people cannot pay to get the item back, the pawn shop sells it for more $$. |
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DT
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Buy low, sell high.
If you are leaving an item temporarily for some short-term cash, you can expect to pay a surcharge or commission to them when you return.
And don't expect them to give you anywhere near what it's actually worth, because they don't expect, or even want you to come back for it. |
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boozer
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By being as stingy as they wanna be. |
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jim
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They buy low and sell high. |
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bzqqsq
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They buy stuff for less than they are worth, and then sell it back to you for more than you paid.
They also keep things in hock and if you don't return to re-buy, they sell it to other people for more than they paid you. |
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Eda M
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they buy stuff really low and sell really high. isn't that how all stores work. |
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SexiMexi
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People don't come back for their stuff and then they sell it. So, they make money and never had to really buy anything. They of course sell it for more then they borrowed. |
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Shmesh
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Pay less for an item than they are going to sell them for. |
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Tapestry6
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Normally a pawnshop will give you maybe 25 =50% of what an item is worth and you only have a certain number of days to redeem it back with the ticket, like 30-90days. After that they can sell it for more than they paid you so they always make a profit. |
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evelyn s
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because they give the person the least amount possible knowing the person probably needs money bad and sells it for 3 times as much as they gave for it |
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Chrisssy
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They give you much less than the actual value of the item pawned then if you don't buy it back in the time limit they sell it for a profit. |
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Janelyn B
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I think they earn their profit through the interest that they append to the items being pawned. |
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ice t
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They sell it for more money then what they paid you. |
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bob
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by charging interest on items pawned; and/or, selling items abandoned or bought, for higher profit. |
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Lola
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they buy your s**** for next to nothing and jack the price up to sell it. |
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wizjp
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Most pawnshops also charge HUGE interest on the money that the pawned item secures if you ever actually DO redeem it.
If they lend you 20 bucks on a 100 stereo, you'll be paying back 50 or losing the stereo (Example) |
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Blunt Honesty
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They sell things for more than they buy them for. Same way any store makes money.
You bring a piece of jewelry worth $100. They give you $35 for it and sell it for $100. Cha-ching! $65 profit. |
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zebra
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they buy from your retarded *** and then resell it |
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anna_lynn711
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well, they buy your stuff for nearly nothing, then sell it for what its actually worth. or they take your stuff and charge you payments on it until you can pay back the amount you borrowed. i.e. they give u $200 for something, then u pay them $45 a month plus the $200 when you can afford to get it back. |
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armen b
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The lifeline of a pawnbroker is jewelry. However: if a pawnshop did pay you... say 30% of an items value, there is no way they can sell it for 100% value.
Who goes into a pawnshop to pay retail, you?
So most items go to scrap dealers and e-bay. |
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BIZARO99
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They feed off desperate souls who are willing to trade Life long posessions for meager amounts of cash. |
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CRYSTAL S
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They give dope heads just a little bit of money(just enough for their next high) for the expensive things they stole and brought in the store, then they turn around and sell these things for a huge profit (AKA ...MARK UP) |
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beth3988
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When people are selling to them, they make them believe their items are less than one they are really worth. They buy items for people for lower than their market value, then they sell it at or higher than the market value. |
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billypowell88
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yep i agree with that girl |
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