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Should You Sell or Should You Pawn?

Every once in a while, you find yourself in need of cash. When monthly income isn’t enough, you may decide to take a few of your pre-loved items out of the storage bin and sort out which you can sell off. There’s nothing wrong with doing that (especially if the items are still in pristine condition), but did you know that you may still do something better with your old items rather than simply selling them? Why, you pawn them off, of course. You may ask, “Are there any advantages in pawning over selling?” Yes, there is. As a matter of fact, we had enumerated a few of the most significant ones:

1) The item is still yours.

Yup, you’ve read that right. If you’re having second thoughts about selling your item, then fear not. Pawning allows you to receive money from your pawned item while keeping it safe for the time being. Of course, this is to be considered as something closer to a loan rather than a sale. As with all loans, you may need to pay a small fee monthly in order for the pawnshop to keep your item safe. As long as you pay it all off, then you’d have nothing to worry about. You can still get your item back once everything is settled. This is very much unlike a garage sale, where your pre-loved items may be gone forever, owned by the owners who bought them from you.

2) No hassle and haggle.

When selling off your items, the potential buyers would usually haggle with you, telling you that your pre-loved cellphone is no longer “on trend,” thus should cost a lot less. This is understandably frustrating, yet very avoidable when you choose to pawn off your items instead. If the item you’re pawning off is still in pristine condition, then there is a chance that you may still get a great deal out of it. You may do your own homework, research on the current value of your old items, and then verify the possible price to be offered by the pawnshop. Nonetheless, pawnshops follow a particular standard range, so you should still get a good deal with no haggling involved.

3) Aside from current market price, the item condition is also a plus factor.

If you’re the type of person who doesn’t like wear and tear on his/her personal belongings, then you’re in luck. In spite of the underlying lower value in second-hand items, you can still get a high rate from pawnshops rather than from garage sales. You see, a good-working cellphone, regardless if it’s second hand or not, as long as it still functions the way that it should would still hold significant value. Selling off the item, however, welcomes the possibility of the potential buyer wanting to get a better deal than you, thus, a win-lose situation. Avoid experiencing any of this and go for a win-win situation. The better the item is, the higher the appraisal from pawnshops.

With all of that being said, you may be looking for a pawn shop that would provide you with the most honest and highest appraisal possible. No worries, as Cebuana Lhuillier has got your back. With our Pawning Service you can never go short in any amount, as we accept an array of items, from jewelry to gadgets, as collaterals. We also lead the pawning industry by offering safety and the highest appraisal rate in the industry in our close to 2,500 branches nationwide. Visit your nearest Cebuana Lhuillier branch now – we guarantee fast, easy and secure transactions.