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  • Writer's pictureGlenda Craddock

Is it Better to Sell or Pawn to a Pawn Shop? | Virginia Beach

If you have a few unwanted items, selling them to a pawn shop is smart. There's also the option to take out a pawnshop loan if you're on the hunt for a way to get some quick cash, all without taking out payday loans. You may not even be sure of which option you want to go with yet. Many customers come in asking us if it's better to sell or pawn to a pawn shop, which is certainly a legitimate and common question. The answer is really up to you and your preferences, but either way, our pawn store in Virginia Beach is here to help.


Pawning or Selling: Which Pays More?

If the main reason you're thinking about visiting a pawn shop is because you need money now, your main question might be whether you should pawn or sell. Either way, the value of the item that you bring in impacts your offer. You'll get offered the same amount of money whether you pawn or sell your high-value items. You just need to decide if you want to repay a cash loan and get your item back, or if you're willing to give up your item permanently for a fair price today. Only you can make that decision about your valuable items. Either way, you can get extra cash, and you can feel confident in knowing that you're working with a local store that pays what you deserve.

Should You Sell to a Pawn Shop?

If you're deciding about the type of pawn transaction that you want to do, you should consider whether or not you want to keep your item of value. If it's something that you don't really want anymore, and if you don't want to worry about repaying a loan by a certain due date, you can sell your item for a cash payment. This may not be the best option for an item with sentimental value, but if you have unwanted jewelry that you don't often wear, for example, it's a great solution. If you're wondering why you should sell to pawn stores instead of using other methods, there are many reasons. If you're in a financial situation in which you need cash now, selling to Hilltop Pawn is probably one of the best options for you to consider. After all, your local pawn shop will buy and pay cash on the spot, the easy way. For many, it's a good choice. ​Once you're ready to sell, just bring your items in. Don't forget your driver's license. A quick visual inspection will be done to determine your item's value, and our in-store experts will do any necessary research. It's a hassle-free way to sell, and our knowledgeable staff will have you in and out in no time at all.

What are the Benefits of Pawning?

Not every financial institution matches each person's financial needs. Many of the bank loans and loans from credit unions require you to have a good credit rating, for example. You may not even have any credit cards because of your credit score. If you have poor credit, you might assume that payday loans and other predatory personal loans are your only option. When you visit Hilltop Pawn, you'll find this is not the case at all! Even though many people don't think about pawn loans when they're thinking about financial products that will allow them to borrow money, our collateral-based loans are ideal for many borrowers. We don't charge the high interest rates that payday lenders charge. The process of borrowing money is fast, since we just go off the value of the stuff you bring in, rather than looking over an application or your paycheck stubs or bank account statements. We don't need a bunch of additional information to make the loan. ​With our pawnshop loans, just bring items in as if you were going to sell them. This is necessary because we offer collateral loans. We'll offer you a loan amount based on your item, and you'll head on your way with the cash from your loan right away. Borrowing money has truly never been easier, and we always operate in accordance with state law with our loans.


Items to Bring to a Pawn Shop

Some pawn shops, like Hilltop Pawn, have more of a specialty. For example, jewelry is really what we're known for. Because of that, any time that you are looking for a pawn shop to pawn or sell jewelry, we should be the first place you visit. This goes for jewelry of all kinds, including engagement rings, unwanted gold jewelry, diamond jewelry, wedding rings, designer jewelry, and more. Jewelry isn't all that you can sell or pawn here, though. Video games, musical instruments, firearms, sporting goods, power tools, and other items of value can be brought to a pawn broker like us. Naturally, good condition, valuable items are going to allow you to get more cash (whether you're taking out a typical pawn loan or selling your items). Brand name merchandise, such as Apple products, often have a higher current value and can help you get more. However, if you're only looking for small loan amounts or a little bit of cash, you can bring less valuable items -- such as broken gold jewelry -- in to get some extra money. Whether you decide that selling your items or taking out a short-term loan is right for you, bring all of your items to Hilltop Pawn. We always put the needs of the customer first. Our in-house experts will go over your options and value your personal property, and you'll walk out of our Virginia Beach pawn shop with cash today. Between this store and our sister store in Chesapeake, Greenbrier Pawn, we have decades of experience and are ready to serve you.

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