Q:

Can you negotiate with a pawn shop?

A:

Quick Answer

You can negotiate with a pawnshop when selling items, according to Mint. However, the aim of a pawnshop is to acquire items for as little as possible, so you should expect the amount to be less than 50 percent of what the shop expects to receive when they resell it.

Continue Reading
Can you negotiate with a pawn shop?
Credit: Travis CC-BY 2.0

Full Answer

Knowing what an item is worth before you go into a pawnshop and not telling the shop employees you know its value can help your chances of receiving larger sums, explains Mint. Shop employees attempt to figure out an item's worth, but they may not arrive at the true value.

A seller should set a personal minimum price before entering a shop, notes Money Management International. He should have proof of special claims, such as a jewelry appraisal, and bring items in original packaging if possible.

Learn more about Credit & Lending

Related Questions

Explore