Pawn Shops Johnstown Pa (2024)

FAQs

What's the most a pawn shop will pay? ›

The loan amount that a pawnbroker offers will be based on the item's assessed resale value, often much lower than its original purchase price. If the item is approved, a lender will typically offer 25% – 60% of the resale value.

At a pawn shop, you leave your property and, in return, the pawnbroker typically lends you approximately 25% to 60% of the item's resale value. The most commonly pawned items are jewelry, electronic and photography equipment, musical instruments, and firearms. The average amount of a pawn shop loan is about $75–$100.

Pawning or selling is a personal choice. It boils down to two options: wanting to get items back or not wanting them back. If customers want their items back, then pawning is the best option. But if they want to get rid of their items, selling is the better choice.

Pawn shops that buy TVs will also pay more for a bigger screen. If your TV's screen is less than 26 inches, you'd be lucky to get over $50 for it. If your screen is greater than 42 inches, though, a pawnbroker like GEM might offer you over $200, provided the TV is one of the brands mentioned above.

Good tools hold their value well and usually sell for more in pawn shops than online and certainly more than a garage sale. Secondhand tools from top brands are known to last for several years without problems and can still provide years of good use.

What are the disadvantages of a pawnshop loan? Pawnshop loans have high interest rates and fees, which can make them difficult to pay back. Additionally, the amount of the loan is typically lower than the value of the collateral.

You can expect to receive anywhere from $50-$300 for your tablet, depending on the brand, model, and quality of your device: 4th Generation iPad – $50-$150.

How do you negotiate at a pawn shop? ›

Don't accept the first price offered by the pawn shop. Be prepared to negotiate and ask for a better price. However, be realistic in your expectations and don't be too aggressive; the point of doing your research beforehand is so that you can anticipate what will be considered fair both for you and for the pawn shop.

If you do locate your property in a pawnshop, pawnshops usually do not release any information due to privacy laws. They also are under no obligation to answer questions. If you do locate your property inside a pawnshop, you should contact the police department immediately for assistance.

You are most likely to get the best value for the item you want to exchange at a buy-sell-trade store — rather than accepting a high-rate loan that doesn't match your item in value, you'll receive a fair and honest amount of money or the equivalent value in store credit.

Pawn shops do buy broken items. However, each shop decides which items they'll accept and how much they're willing to pay. Some items, like fine jewelry, still hold significant value with damage. If they can't repair it, pawn shops can resell the precious metal or gemstones.

Gold and Precious Metals

Pawnshop owners are often wary of buying expensive items such as electronics, which may quickly become obsolete. Items you will see frequently are gold and precious metals, especially jewelry. These items tend to appreciate in value, so they are favorites of pawnshop owners.

A pawn store will generally offer more money if you're selling your item instead of pawning it. However, it does depend on a few factors. For instance, if you're selling an in-demand item, such as gold jewelry or a high-end watch, the pawnbroker is more likely to offer you a higher cash value.

It depends on the condition and the pawn shop, but generally, you can expect around $300-$500 for a PS5. It's always a good idea to shop around and get a few quotes!