BlogSaturday, January 28 2023
Is it safe to buy from a pawn shop? It's a question we hear a lot here at Cash Express. As a company, we strive to ensure that our customers and community understand how we do business and the laws that govern our practices. We've talked about the history of pawn shops, how we're regulated, and common myths for that purpose. Let's revisit that and answer the question: are you safe doing business with us?
Why People Worry about Pawn ShopsThe myths we've discussed before are usually the most common reasons people feel they need clarification on pawn shops. They believe we aren't regulated, deal in stolen goods, and rip people off, for example. These are valid concerns and something you should keep in mind any time you do business with any retailer or individual.
You want to ensure that you get,
No business can guarantee each of these things. Your big-box megastore, for example, has no control over the working conditions of coffee growers or how tech companies work with overseas factories. However, small businesses have more power to negate some of these risks, including pawn shops.
Providing QualityAt Cash Express, we're careful about the merchandise we purchase or make loans against. We inspect electronics and other equipment to ensure they're in working order and have little or no damage. We make sure that jewelry and antiques are authentic. Our desire is to have merchandise you want to buy, after all. Fair PricingWhen we purchase items, we have two goals in mind. First, we want to settle on a price that allows us to make money while selling the item below the retail price. Second, we want to offer a price that will make the seller happy so that they meet their needs and do business with us in the future. We treat each person who comes into pawn or sells items like a potential buyer. If they're happy, they'll come back and perhaps recommend us to someone else.
By keeping in mind what we can afford to pay for items, we, in turn, ensure that we can sell them at fair prices. Pawn shops offer buyers two advantages: buying under retail and finding out of circulation or rare items. In both cases, we want to give you the best price so that you become a regular customer.
Laws and RegulationsThe other fear people have is that they may purchase stolen items or that we're operating by our own rules. The latter often goes hand-in-hand with worries about pricing. Pawn shops have a number of regulations we operate under to ensure fair and equitable business practices. While every pawn shop differs in some ways, such as what items they specialize in, all reputable pawn shops follow these regulations.
Pawn shops have a reputation for dealing with stolen goods, mostly due to television and movies. In truth, we make every effort we can to ensure that the person we're purchasing from is the rightful owner of an item. If we suspect something is stolen, we'll refuse to purchase it and contact law enforcement.
It's about more than not selling stolen goods. By not buying stolen goods, we limit where thieves can take items for cash and have a small part in making communities safer.
Are You Looking for a Good Deal in Philadelphia?Cash Express is here to meet your needs. Whether you’re looking for a gift or something unique, or need fast cash, contact us today or stop by with the items you want to pawn or sell. Saturday, January 14 2023
Whether you're looking to pawn a few items for an unexpected expense, sell some older things you don't need, or buy something special, it's important to come to Cash Express Pawn Shop prepared to do business. We not only want your business, but we also want you to be happy with the experience you had. So, here's what you should know about negotiating at a pawn shop (here or anywhere else).
Is It Okay to Haggle at a Pawn Shop? The short answer is yes. The long answer: it's part of the pawn shop culture. Pawn shops want you to come in prepared to haggle because it tells them something very important: the items you're pawning or selling have value. Remember, a pawn shop is a business. That means if you're bringing in items to pawn or sell, they must look at their potential to recoup their investment (in reselling the item if you are selling it directly to them or if you default on your pawn loan).
What to Know Before You Come into the Pawn ShopBefore you come into the pawn shop, it's important that you're prepared. When you decide to come in to sell or pawn your items,
Negotiating with a Pawn ShopOnce you're ready to enter the pawn shop, you must know how to negotiate effectively. You've prepared yourself and your items. Now it's time to get a good deal.
Do You Need Fast Cash in Philadelphia?Cash Express is here to meet your fast cash needs. Contact us today or stop by with the items you want to pawn or sell. Thursday, December 22 2022
It's that time of year. You're getting your Christmas shopping done and ask yourself the same question every year. Is it worth going to a pawn shop for Christmas gifts? The simple answer is yes. Of course, if the simple answer were enough to convince you, you'd already be in our store. So, let's examine what makes a pawn shop a good choice for your last-minute Christmas shopping. Big Deals on Gifts Pawn shops offer deals on all kinds of popular gift products. Whether you're looking for electronics, tools, jewelry, or designer items, we can save you money compared to what you'd spend in retail stores. Saving money means you can put a few more gifts under the tree. You may find a good deal on a significant advantage you didn't think you'd be able to get this year. You Can Find Unique Gifts at Pawn Shops People bring all kinds of items to pawn shops. You can find popular electronics and other gifts, and sometimes you can find things you can't find in retail stores anymore. From antiques to unique jewelry, if you have someone hard to shop for or what a special gift, you can find something at your local pawn shop. You're Supporting Local Business When you shop at your local pawn shop, you're shopping at a locally owned and operated business. If you're fed up with the business practices of big-box stores, the local pawn shop is a good option. Remember, when you support local businesses, you're not just supporting that business. You're supporting the network of businesses that they, in turn, work with as well. Low Prices Aren't the Only Way to Save Money at Pawn Shops Do you have electronics, tools, designer bags, or jewelry that you just don't use anymore? The phone you recently replaced, the laptop you just upgraded from, and the jewelry that is sitting at the bottom of your jewelry box can all work for you this Christmas. You can bring them to your local pawn shop and sell them for cash you can use in-store or anywhere you want. Are you still attached to some items? Your jewelry and other items can still work for you. You can pawn them for a temporary loan, giving them extra money for Christmas. Once you pay the loan back, you get your items back. Are You Convinced that Your Local Pawn Shop Is the Place This Christmas? Let Cash Express help you get through the holiday season. Whether you're looking for a unique gift or need extra cash, we're here serving Philadelphia. If you have questions, stop by or contact us today. Wednesday, December 14 2022
It's the holiday season. You have your list, and you've checked it twice. Consider your local pawn shop as you rush out to get your holiday gifts for friends and family. Here are three reasons you should visit us this season. You Can Find Unique Gifts While your loved ones have specific things they want - maybe your child has their heart set on a particular toy - sometimes you want to find something unique. You may be looking for exceptional jewelry for your partner. Perhaps you'd like to find a nice antique for your parent or grandparent. Because pawn shops carry a wide array of items, you can find things that you won't find anywhere else. From jewelry that the major stores don't carry anymore to antique furnishing and collectibles, your local pawn shop has a large selection of rare, unusual, and even one-of-a-kind items. You can even find musical instruments and electronics at an affordable price! Pawn Shops Offer More Than One Way to Save on Holiday Shopping This time of year, we're all looking for ways to save money on our holiday shopping. Pawn shops offer great prices on the products. However, that's not the only way they can help you save. Do you have electronics, jewelry, or other items that you don't need anymore? You can bring them in to sell for extra holiday gift money. Whether you're buying gifts at your pawn shop or elsewhere, you can bring in the items you don't need to sell for the cash to help you get through your holiday list. Our Loans Can Help You Through the Holiday Season What if you did your holiday shopping early? Gifts aren't the only expenses you have to manage this time of year. Whether it's party planning, getting ready for a trip, or just wrapping up end-of-the-year bills, the holidays can leave you strapped for cash. A pawn loan can be just the thing to help you get through the season's many expenses. Bring in your jewelry, electronics, or other items as collateral for a loan to give you the extra cash you need. The best part, you can borrow without worrying about a credit check or hassle. Best of all, if you pay your loan in time, you get your valuables back later. What happens if the unexpected occurs and you can't repay the loan? If something happens and you can't repay the loan, you can just surrender your items to the pawn shop to pay the loan instead. No hassle. No marks on your credit report. Do You Need Extra Cash for the Holidays? Let Cash Express help you get through the holiday season. Whether you're looking for a unique gift or just need extra cash, we're here serving Philadelphia. If you have questions, stop by or contact us today. Thursday, December 01 2022
Pawn Shop vs. Garage Sale Over time, we collect things. From knick-knacks to abandoned power tools, these extra items take up space and add to the general clutter in our home. They build up dust and collect cobwebs. Sometimes, they even get in the way of new items we need and want for our homes. When you have extra clutter in your home, you have options. You can throw out unwanted items. You can also turn those items into cash with a garage sale or take them to a pawn shop. Which is the best option for you? Let’s break it down. Garage Sales Sometimes called “rummage sales” or “yard sales,” garage sales take place when a resident sells personal and home items they no longer need. They may hold the sale in whole or part in their garage or carport or utilize the driveway or yard, hence the various names. Garage sales are popular for both sellers and buyers for a variety of reasons, including,
Pawn Shops Pawn shops have been a popular way to offload unneeded items for centuries. They have even funded human exploration. Pawn shops offer homeowners the option of pawning items for a loan or selling items outright. As a result, they can get the fast cash they might need for their home while clearing away unnecessary clutter. The advantages that pawn shops offer those decluttering their homes include,
Which Is Better, the Garage Sale or the Pawn Shop? Because both pawn shops and garage sales have clear advantages, it may be hard to choose which you should use for decluttering your home and getting extra cash. The secret is you don’t have to choose. Consider the advantages we looked at above. Garage sale buyers are looking for deep bargains and often don’t carry much cash for yard sales. Meanwhile, pawn shops actively look for high-value items they can feature in their shops, including jewelry, electronics, and power tools. That means the excellent pawn shop vs. garage sale debate is less about which is better and which is better for the item you want to sell. Your everyday items, such as used toys from your children, partial dish and silverware sets, and simple knick-knacks, are likely to do well in a garage sale. These are the kinds of items people go to garage sales for. Meanwhile, a pawn shop will pay a fair price for unused electronics, old jewelry, and collector’s things you don’t want or need anymore. Are You Looking for a Pawn Shop in Philadelphia? Stop by or contact us today. We’re here, serving Philadelphia and surrounding areas. Thursday, November 17 2022
Whether you're looking for a new computer to work from home, a gaming system, or just a tiny laptop to read email and browse the internet, you have two things in mind. You want a good, dependable computer that meets your specific needs. You only want to spend what you need to. A used computer can be just what you need but buying a used one presents additional challenges. At Cash Express Pawn Shop, we want you to feel confident with your computer purchase, so here's our guide to get you started. Will a Used Computer be as Good as a Cheap New Computer? The simple answer is yes if you shop for the specifications you need. It can be better. How? Computer technology continues to advance quickly, so consumers who like to keep up with the newest processors and graphics cards often discard only a couple of years old systems. Meanwhile, manufacturers who want to capture the budget-conscious market have been putting out new computers that are often well below industry standards for memory and speed over the past several years. This means you can get more for your money by buying a used computer over a budget-friendly new one. What to Look for When Buying a Used Computer Now that you know the value of purchasing a used computer let's look at what you need to do to ensure you get the system you need. Brand Matters When buying a used computer, it's best to stick with the big computer brands Dell, HP, Lenovo, and Apple. While smaller brands offer good computers, you'll have an easier time with any upgrades or repairs if you stick with the bigger brands. What Are Your Requirements? When shopping for a used computer, it's essential to ensure the system you get meets the requirements you need. The most important things to consider are:
Are You Looking for a Used Computer in Philadelphia? Buying a used computer can be an excellent way to save money while getting the system performance you need. If you're looking for your next desktop or laptop, stop by or contact us today. We're here, serving Philadelphia and surrounding areas. Wednesday, October 19 2022
If you need fast cash or are looking for a unique gift, your local pawnshop can meet your needs. However, those who have ever been to a pawn shop may find themselves hesitant to use them due to myths they've heard. If you're unsure about our services because of myths, never fear. Let's debunk some popular myths so you can visit your local pawn shop or us without worry. Myth 1: Pawn Shops Charge Really High-Interest Rates One of the biggest myths is that pawn shops charge exorbitant interest rates and fees. Cities and states regulate what rates and fees pawn shops can charge. In our home state of Pennsylvania, interest rates are subject to the guidelines that banks follow. That means our Philadelphia customers can borrow at their local pawn shop, knowing they'll receive reasonable rates. Myth 2: Pawn Shops Follow Their Own Rules This myth has a few variations, but they all boil down to the myth that pawn shops are a "wild west" industry where the rules are made up, and regulations don't matter. Suppose you're familiar with the history of pawn shops. In that case, however, you know that pawn shops are one of the most highly regulated industries in America, with licensure requirements at the state and city level. Myth 3: Pawn Shops Buy/Sell Stolen Items This myth often goes together with Myth 2. Pawn shops do everything they can to avoid buying and selling stolen goods. Many pawn shops work with local law enforcement to help track stolen goods, partly because thieves often still think they can get away with pawning items. Myth 4: Pawning Is Complicated and Frustrating This is an interesting myth because it's false, but it's not surprising people believe it. Getting a loan at a pawn shop is easy, especially compared to many other loans. You don't have to bring your financial statements; we don't check your credit. You don't have to worry about co-signers. So, where does the myth come from? Mostly, the myth comes from people believing myths 2 & 3, not realizing that pawn shops are highly regulated, and taking steps to prevent people from pawning stolen items. They arrive unprepared, so the experience seems complicated. You can keep your pawn shop visit simply by,
That last tip brings us to the final myth we're going to examine here: Myth 5: Pawn Shops Rip You Off Like the second myth, this one encompasses a few different ideas. Some variations of this myth say that pawn shops will try to undercut you on what your items are worth, and other versions say that you won't be able to get your items back. Pawn shops succeed when they have a good relationship with the community. A reputable pawn shop like Cash Express isn't going to rip you off because if you're unhappy, you won't come back - and you won't recommend us to your friends and family. When you pawn an item at Cash Express, we take good care of it. It'll be here when you pay off your loan so you can take it back home with you. Remember, you only lose your item if you default on your loan. Make sure when you pawn your items, you borrow more money than you can pay back in the loan terms. Have We Debunked All of Your Pawn Shop Myths? If you need extra cash? Let us dispel other myths – such as the myth that pawn shops sell cheap items – by showing you our beautiful gold jewelry, designer purses, and quality electronics. Stop by or contact us today. We're here, serving Philadelphia and surrounding areas. Wednesday, October 19 2022
Have you ever found yourself needing extra cash for bills or an emergency? Do you have items that you don't use anymore but are too valuable for a yard sale or to throw away? You may have considered a pawn shop but think about how they're often depicted on television and in movies. Maybe you don't trust your local pawn shop. It's an excellent time to look at how pawn shops are regulated in Pennsylvania to give you peace of mind. A Historical Institution To understand how pawn shops are regulated, we should touch on the history of pawn shops. They have been around since ancient times and operated as an essential part of their economies. From ancient China and the middle east to medieval Europe, pawn shops helped to fund businesses, expeditions, and people. The nature of how pawn shops operated brought suspicion over time, and many suspected them of purchasing stolen goods, a belief that endures to this day. Starting in the 18th century, governments in Europe and the Americas began applying more stringent regulations to pawn shops that helped shape rules today. How Are Pawn Shops Regulated in Pennsylvania Pennsylvania pawn shops are regulated by 12 federal laws and Pennsylvania's Department of Banking and Securities Bureau of Licensing, Compliance, and Investigation. To be a pawnbroker, a pawn shop must have a Pennsylvania Pawnbroker's License. License Pre-Requisites To apply for a pawnbroker's license, a pawn shop has to meet numerous requirements. These requirements are,
Starting any business takes time and capital. Pawn shops have additional requirements brought on by history and their responsibility to their communities. Pawn shops help people in the district meet their financial needs through loans and purchasing goods. Do You Need Extra Cash in Pennsylvania? If you need extra cash? Let us dispel other myths – such as the myth that pawn shops sell cheap items – by showing you our beautiful gold jewelry, designer purses, and quality electronics. Stop by or contact us today. We're here, serving Philadelphia and surrounding areas. Friday, September 23 2022
Your local pawn shop can be an excellent resource if you are short on cash or need to meet an unexpected expense. Bring in something valuable that you don't need anymore – jewelry you don't wear, electronics you don't need anymore – and either sell it directly or pawn it for a temporary loan. Pawning an item is especially inviting because you don't have to give up your jewelry or electronics permanently. But what happens if you don't reclaim your pawned item? What Pawning an Item Means Unlike selling your items outright, when you pawn an item, you place it up as collateral for a temporary loan. Just as with any collateralized loan, such as a car loan or a mortgage loan, you own the item as long as you continue paying your loan and successfully pay off the loan. In the case of a car or mortgage loan, the collateral is what you purchased with the loan (the car or home). In the case of a pawn loan, you use the proceeds of the loan for other purchases or needs. What If I Default or Don't Reclaim My Pawned Item? Like a car loan or mortgage, if you default on your pawn loan, you will lose the item you placed as collateral. In the case of a pawn loan, however, you have one additional step after you repay your loan: you must reclaim your item. In the case of a car or your home, you have your collateral with you through the life of the loan. The pawn shop holds your pawned item during your loan period. If you fail to reclaim your item after paying off your loan, the pawn shop will consider it to be an abandoned item and will likely offer it up for sale. It's important to review your pawn loan contract when you pawn your items. Your pawn shop may offer a buffer period if you default on your loan to help you catch up and not lose your items. Likewise, your pawnshop will have a specific period they will hold your item after you pay off your loan before they consider the item abandoned. What Can I Do to Ensure I Don't Default on My Pawn Loan? Excepting circumstances outside of your control, there are steps you can take when you seek a pawn loan to help ensure that you are able to pay off your loan.
At Cash Express, we want to ensure our customers in Philadelphia are happy with their experience working with us. We will answer your questions about pawning your item and review the terms of your pawn agreement to ensure you are comfortable and happy with your pawn loan and that it can meet your needs. Are You Looking for Fast Cash in Philadelphia? Stop by or contact us today. We're here, serving Philadelphia and surrounding areas. Sunday, September 18 2022
Selling your items to a pawn shop is a fast way to get the cash you need when the unexpected happens (or you find yourself strapped for cash at the end of the month). Knowing what to sell and how to negotiate a good price is important if you want to make the most of your valuables. Let’s look at the best items you can bring to our pawn shop to earn quick cash. High-Demand Pawn Items Some items are always in demand for gifts and special occasions, so you can feel confident being able to sell them to a pawn shop at a good price. These include,
Gauging What You Can Get for Items In addition to knowing what items are in demand, it’s good to know what kind of price you can get for certain types of items. What a pawn shop will offer for items will vary depending on the condition of the item and the demand in the area (i.e., how much the shop thinks the item will sell for). Lower-priced items include,
Mid-priced items include,
High-value items pawn shops will buy include,
How to Get a Good Price for Your Items at a Pawn Shop Knowing what to sell gets you halfway to your goal; now you want to ensure you get a good price for your items. Before you bring your in to sell,
Additional Considerations While we talked about the good things to bring into a pawn shop, it’s equally important to talk about what you should leave at home. Not every item, no matter how important it is to you, can be sold. Some examples include,
Are You Looking for Fast Cash in Philadelphia? Stop by or contact us today. We’re here, serving Philadelphia and surrounding areas. |