How to Get a Good Deal From a Pawnbroker

Mar 9, 2020 | Pawnbroking

When it comes to pawnbrokers, not all are created equal, many will specialise in things you have no interest in, you want to go to a pawn shop with a luxury experience. The reason we spend so much time writing about luxury watches pretty things is that we want people to know that is what we do. It is not surprising the number one way to get a good deal when you walk into a pawnbroker is if they really, really know the market.

When it comes to pawnbroking luxury watches, you need to know the market as well as the products. It’s not enough to know the product details, but who is buying what for how much.

Find an Expert

If you want to get new contact lenses, you’d go to an optometrist, not your GP. Likewise, if you wish to get a loan against the value of your Patek, Rolex, ring or bracelet, you need to go to an appraisal expert. You don’t need someone who knows what a Rolex is, you need someone who knows the difference in models, movement, even the colour of the face.

One of these watches went for £9,629,521.00 (to Brad Pitt), one costs £59,300.00 with free delivery. The one on the left is exceptionally rare, it is hand-made with a unique chime resembling Big Ben in London. It also has three windows, day, date month.

Rates Volume

A pawnbroking loan from Suttons and Robertsons is charged at 3.5% – 6.5% depending on the loan amount, which is reasonable compared to other pawnbrokers.

Many in the trade of second-hand luxury watches, antique jewellery, will take a pawnbroking loan for a week or two to purchase more stock then claim it back. A lot of people get quite comfortable with the system once they have done it a few times realise it is cheaper than a credit card.

Online Pawnbrokers Set Prices

Many businesses are stuck in the dark ages don’t have a nicely designed website, let alone useful tools to make it easier. Suttons and Robertsons will give you access to an online quote request instantly also a loan repayment calculator, this way, you can ensure the repayments don’t break your budget.

Likewise, I like a pawnbroker to state clearly what the repayment costs will be upfront. Set prices make it fairer for everyone make budgeting much more manageable.

For your fast cash loan, get in touch with Suttons and Robertsons.

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