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tmb1124
How does a pawn shop work?
i am a student in college, and i got a final payment for spring classes due within a wk and need the money b4 i get paid next week. my question is if i pawn my Apple iPhone,how much should i get for it? also if i say i need $350 for it will they allow that.

thanks 4 the help
                     
 




jenna
Rating
Highly doubt it. Pawn shops are willing to pay about 30-40 percent of the actual value of an item. You'd be much better off selling it on ebay.


Curious
you rarely get full value and need to get it out of hock within a certain length of time or it's gone forever. someone will buy it for a small mark-up by the pawn shop and you'll be without. isn't there some kind of loan at your college?


Just say no!
Rating
How much is it worth new? Can they even do anything with it? If you never come get it...??

They will gve you a loan based on the value of what you want to pawn... YOu have a certain amt ot time to pick up the item OR you can pay the interest only portion of the loan so they dont sell your merchandise. If you fail to pay by the due date they can cell your items


sshazzam
Rating
Probably not. A lot of pawn shops will give you 1/2 the going price on ebay so they can sell it an make a profit.


geebus
You should only pawn things you'd be ok w/losing....Not an iPhone. It'll cost too much to get it back....


reeb
Rating
don't say how much you need right off the bat. let them tell you how much they will give you for it, then if it's too low, you can try and negotiate with them, but trust me, it doesn't always work.


Pastor P
It all depends on what pawn shop you go to. Some pawn shops will just tell you how much they will give you and not bargain with you. Some will try to bargain with you. I think you might get 300 for your phone. Good luck


gemini
Rating
Sometimes if you explain the situation they may give you what you need, but, I really doubt. They usually only lend you a small percentage of what it's really worth and if you just want to pawn it, you'll either have 30 days to pay off the loan or extend the loan.


Dirk
Rating
you take them something of value and they will give you 10% of what its worth. If you come back to pick it up you can redeem it for double what they gave you. If you dont they sell it for 80% of what its worth


Alistair D
Rating
A pawn shop works by you selling them your goods (your iPhone) for cash and they give you a period of time to buy it back before it goes on sale to the general public.


Or so i think.


Mary Jo W
you will be disappointed


LaReinaPerez
pawn shops are notorious for ripping people off. you should NOT go to a pawn shop. sell it on ebay, or craiglist, or amazon.com. you'll definitely get a WAY better deal than a pawn shop can give you.


bob the monkey
Rating
u pawn it now
and get money for it
and if u pay them a certain amount of money by a certain time
u get ur iphone bak
if u don't pay on time
they keep the iphone


howdigethere
They will tell you what they will give for it.
If you accept it, you will be given a ticket.
They hold it for x days
If you do not pay them back and claim you iphone, it is no longer yours. They can sell it for a profit.
It is collateral for a loan.


SweetMist
Rating
I would sell it on ebay or put up signs in your local high school trust me those juniors and seniors wil jump on that or even put up a sign at the college


having a franz off(permanently)
it depends on how much the the pawn shop wants to pay for it and if it is in good condition and works fine then they should give you a bit of money for it


Alex J
well u bring em somethin....and they give u money 4 it....so take all your garbage down 2 the pawn shop


Bandgeek
They might. Alot of pawnshops are different. If they think that it will sell for much in your area then they might but they always underpay you, trust me.


Miss Britney Spears
thats way too steep. 150 is good though.


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