Save Money When Shopping At Pawn Shops

Dec 13
08:38

2012

Bob B. Hamilton

Bob B. Hamilton

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Pawn shops can afford to sell items at just half of their market values in comparison with other establishments like jewelry stores, firearms shops and appliance stores. Read on to learn more about this topic.

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By now,Save Money When Shopping At Pawn Shops Articles you must know that pawn shops are a bargain hunter’s paradise because of the ultra-affordable prices on everything from jewelry, guitars and DVDs to firearms. This is because pawn shops can afford to sell these items at just half of their market values in comparison with other establishments like jewelry stores, firearms shops and appliance stores.

But don’t go into a shopping spree inside the pawn shop. You will still want to save money on the items purchased for an obvious reason – the more money you save on the real deal, the more value for money you can enjoy on the items.

Do your research about the items on your shopping list. It pays to be well-informed about these items even in general terms such as the price in the market, the value placed on the item by collectors, and the methods by which value is computed by experts.

For example, if you are shopping for an engagement ring, you must know the general price range of the engagement rings within your budget. Set your standards such as the number of carats in the precious stones, the weight of the gold component, and the style of the ring itself.
When you are well-informed about the items on your shopping list, you are then better able to negotiate for the prices. Yes, indeed, you can negotiate on the prices of whatever item takes your fancy! This is allowed, even expected, in pawn shop transactions from the first time the item is pawned to the time it is re-sold.

Since the pawnshop already has a good profit margin tacked on the item, you can bid lower on the price shown on the sales tag. So, negotiate the price for as low as possible until you reach a reasonable compromise with the pawn shop staff.
Keep these tips in mind when negotiating:

• Be prepared to walk away and avoid showing too much interest in the item. Remember that the pawn shop wants to sell the item, not keep it in stock for a prolonged period.

• Take note of flaws in the item and use these to your advantage.

• Take note of the date code on the item; the longer it has been stock, the more eager the pawn shop will want to dispose of it since inventory costs can eat up its bottom line.

In conclusion, you can save money on pawnshops but you must be a savvy shopper, too.