Sometimes you need to visit a pawn shop and get some money to make an emergency payment or two. Some people might think a bank is better, but pawn shops will offer money for some items that banks would never even consider.
One item, in particular, is shoes. You can pawn designer sneaker brands like Yeezy, Air Jordan, or Saint Laurent Court Classics, and get an instant cash loan for them in return. The best part is that you have four months to pay back the loan and reunite those shoes with your feet.
How to Prepare Your Shoes for Sale
Before we go further, there are two important things you need to remember about pawning sneakers, and shoes in general. The first thing is that the shoe has to be valuable, either because it’s a designer shoe, a collectible, or otherwise exclusive.
What this means for you is that the more you know about the shoes you’re selling, the better chance our staff will have at giving you an accurate price. In fact, one of the best things you can do when pawning sneakers is to bring in the original shoebox and wrapping/stuffing paper. This can be a huge help to the GEM Pawnbroker staff—and make a 30% difference in the final price!
The second thing to remember is that shoes are personal wear. That means they’ve been on your feet for a while, so you’ll want to make sure they’re clean before coming into the pawn shop. While you’re at it, why not spend a few bucks more and make sure they’re deodorized, too?
What Can I Get for My Shoes?
That’s a good question. The answer is “It depends.”
The staff at GEM Pawnbrokers is expert and has years of experience in examining items customers bring in. As a result, they will judge your sneakers’ worth based on several conditions.
If you want to get a good estimate of how much you’re going to get for your shoes, do some research beforehand. Go on eBay and browse the “Sold” auctions. You’re going to want to make sure you search for the exact type since, when it comes to selling sneakers, even a small variation can result in a huge price difference. Remember to match:
- Style number
Going on eBay and researching your shoes will also give you more information about them. As we discussed previously, that’s a good thing.
Once you’ve seen what your shoes are going for on eBay, remember that you’ll get anywhere from 40-60% of that value. The rest will be used by the pawn shop to absorb the costs associated with making loans and potentially having to resell your shoes if you don’t buy them back. If you feel like this is unfair, keep in mind that GEM Pawnbrokers pays out the highest prices for your item and that, with over 70 years in the business, they’re sure to give you a fair price for your pawned sneakers.
Contact GEM Pawnbrokers Today
Contact GEM Pawnbrokers at 718-596-5626 or stop by one of our 24 convenient locations in NYC or Long Island. Our friendly staff will help you determine the value of your sneakers (or other items) and help get you an instant cash loan with no credit needed.