When you need cash quickly a pawn shop is a great place to go especially in New York. But how do you decide whether to pawn vs sell?
Which is best - pawn vs sell?
Choosing between pawning or selling your items is very much a personal choice and largely down to your circumstances. There are two crucial things that you need to ask yourself:
1) Can you afford to repay a loan to get the item back within the loan term?
2) Are you willing to part with your item and potentially not get it back again?
If you can’t afford to repay the loan then you are probably better off selling items rather than pawning them, so you should select items that you no longer want.
If you don’t want to part with your item for longer than the loan term and then you should pawn the item. However, you should only pawn items that you are sure you can repay the loan on or are comfortable that you may not get the item back if you can’t repay the loan.
Where should you pawn or sell in New York?
In New York, the name to trust when pawning or selling your items is GEM Pawnbrokers as we have been providing pawnbroking services in the New York area for over 70 years. We are the largest pawnbrokers in the area and have 24 conveniently located stores positioned across the New York area.
We have extensive experience in handling a wide range of items and we will buy your items or allow you to use them as collateral in a loan. We provide a fair and honest service and we will offer you the highest value for your item/s.
We provide a fast and efficient service and can offer loans up to $1,000,000 and we offer some of the lowest collateral loan rates in the US. Our pawn service is safe as we store all collateral items during the loan period in our private vaults. We also provide a fair loan process and if you are unable to repay your loan by the end of the loan term, you can ask for an extension so that you have the opportunity to get your collateral item back.
If you are interested in either pawning or selling an item, visit one of our conveniently located stores to see what your item is worth and get an offer to sell or take out a loan. One of our friendly and experienced team will guide you through the options and appraise your item before giving you a fair offer.