Pawn Shops Can Be The Bargain Hunters Paradise!

With the global economic recession affecting the finances of individuals and families

, the search for budget-friendly items is always on, thus, more and more people are becoming bargain hunters. Flea markets, online auctions, garage sales, thrift shops and secondhand shops are the popular venues for bargain hunters to find their desired items from jewelry to firearms but these establishments are fraught with dangers.

Just think of it. These venues can sell fake items but pass these as the real deal to their customers who are more likely to have an untrained eye. You will then be at high risk for buying expensive items that will prove to have little to no actual market value in the future - and that's a risk you cannot afford to take on your budget.

With that being said the best venue for bargain hunters then are the pawn shops. Yes, the pawnshops where people sell or pawn their things from pieces of vintage and modern jewelry to guitars, firearms and even the odd items now and then. You will be surprised at the bargain prices on items that are being sold by pawnshops in comparison with the traditional venues like flea markets, online auctions and thrift shops.

How is this possible? First, pawnshops want to recoup the cost of investments on the items that were pawned by their original owners but were subsequently left unredeemed after the redemption period has expired. The cost of investment usually consists of the principal loan plus the applicable charges (i.e., storage fees) on the item.

Since items are usually pawned in just a third of their value, pawn shops can sell these items for half of the usual prices in other venues. Yes, 50% of the actual market value of the item in comparison with other reliable establishments (i.e., jewelry store).

To illustrate, let's assume that an engagement ring costs $1,000 as its original price.When it was pawned, the pawn shop owner appraised it at just $300 that the owner will then accept. When the ring becomes unredeemed, the pawn shop owner can then sell it for $500 for a good profit. You, the buyer, can save $500 than if you bought a brand-new ring with similar quality.

Second, you are assured of the real deal, as previously mentioned. Your money will not go to waste because you bought genuine items that will prove valuable in the future.

So, what are you waiting for? Check out a pawnshop for bargain deals now!

by: Robert Hamilton

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