At one time or another most of us have experienced wanting to purchase something but it just wasn’t in our budget to do so. In most cases these items weren’t necessities but luxuries we definitely would have loved to own. One place to find great bargains on the items you want without spending a fortune is your local pawn shop.
A pawn shop is a place where people can take their items and exchange them for loan. They have 90-120 days to payback the loan plus a nominal interest charge. (At Imperial Pawnbrokers, they can always extend their loan another 90-120 days by paying the interest that is due.)
If someone takes their item to a pawn shop and doesn’t return to pick that item up by that deadline, then the owner of the pawn shop has the right to sell the item to the public. This is how the owner makes sure that the loan will be paid off. Since the items in any given pawn shop will vary at any given time, you will want to frequent them often.
Some of the more common items found in any pawn shop include guns, televisions, VCR’s, DVD players, video game consoles and games, furniture, cameras, tools, stereos, jewelry, and music. If you are looking for a specific item at our shop, you can let us know. We are more than happy to give you a ring should we have something like that come up for sale.
Because the majority of items at a pawn shop were collateral for a loan, most are in very good condition. While the majority of people do return to pick up their items, there is a percentage that wont. Others have no intention from the moment they step into the pawn shop to return to pick up the items they brought in. Ans still others just sell the item to the pawn shop to begin with.
Pawn shop owners have a legal obligation to get information from individuals who bring items in. This is to verify who they are and to track them down should the items they brought in be stolen goods. All items pawed or sold to the pawn shop are reported to the local police and held for a minimum of 30 days. Because of this, you won’t have any trouble with the items you purchase from a pawn shop.
Regardless of what you are looking for, don’t forget to take a look at what is for sale at your local pawn shops. You will be amazed at the bargains you find there. Most of them have a very good selection of items that changes frequently. You will also save plenty of money buying these items over the retail cost of them.
If you’ve never been to a pawn shop before, stop by Imperial Pawnbrokers and see why everyone loves us!