If you are looking to pawn clothing in New York then look no further as GEM Pawnbrokers is the best pawnbroker in the New York City area for a wide variety of items including clothing, jewelry, accessories, footwear, and electricals.
Why pawn clothing?
Pawn clothing is a great way to release some cash without having to give up some items that you need such as your electronic devices or jewelry that you don’t want to part with, as people often traditionally associate these items with pawning. Instead, you can select a few items that you won’t miss from your wardrobe for a few months and get them back once you repay the loan. What could be better?
What clothing can I pawn?
You can pawn a wide range of clothing and accessories such as:
- Shirts or tops
The clothing items that are best for pawning are those that are designer labels or recognisable brands as these will hold greater value and be better collateral for a loan. Some designer names that we have used as collateral before are Gucci, Dior, Dolce and Gabbana, Armani, Givenchy and many more.
The value of your item will depend on its desirability, how rare the item is, the condition of the item and the brand. We will take all of these factors into consideration and we will do the research needed when we appraise it so that we offer you a competitive and fair price for the item.
How will the loan work?
You can get a free quote by either booking an appointment or walking into one of our 24 branches across the New York City area. You will be greeted by one of our friendly and qualified professionals who will appraise the item for cash or as loan collateral. We will offer the best quote possible for a loan based on the full item valuation, and we will give you time to consider the offer. Interest rates will accrue a fixed 4% monthly interest rate.
If you want to proceed with the loan, we will go through the details of the loan with you including the term length and amounts, and support you in completing the simple paperwork. We will give you the cash straightaway and we will store the collateral item securely until you return for it and the loan is repaid. At the end of the loan term, if you can’t repay the loan, you should contact us and see if we can extend the loan term.
So why wait, visit one of our branches to find out what your clothing can raise for you.