Things to Know About Pawning a Gun | Virginia Beach
Updated: Jul 18
You may have been involved in a number of private transactions involving guns, such as if you've been a private seller or if you're purchased a used gun as a private individual. You may have been to local gun shows and gun shops. What you might not have done, though, is use your firearm to take out a loan. When you visit a pawn and gun store like Hilltop Pawn, this is actually very easy! Our collateral loans are the perfect solution for anyone who wants to use their firearm to get a little cash, but who wants to get their gun back at a later date. Skip the private gun sales and take out a pawn loan on your gun instead. At Hilltop Pawn, we follow all state laws and federal law, and as firearms dealers, we can make you a loan on your used firearm.
Why Pawning a Gun is a Good Way to Borrow Money
Many gun owners sell their firearms, perhaps to a private buyer or even to a gun store, when they don't really want to. You might rely on your used or new firearm for home defense, or you might enjoy going hunting or to the firing range on the weekends. Still, if you've found yourself short on cash when you need it the most, it might seem like there's really no other option other than to sell your gun. Although there is certainly reasonable cause to sell a firearm when you need the money, it is not your only option at all. Instead of looking for potential customers to buy your gun, consider a pawn loan instead! Pawning a gun allows you to get the money you need now, but it also allows you to get your gun back later, when you're ready to repay your loan and in better financial shape. We'll offer you a fair price for your loan, and there's no time-consuming application to fill out, nor are there credit or income checks. It all goes really quickly and easily. In fact, many who have taken out our pawn loans believe it's the easiest way to borrow money, period.
The Basics of Pawning a Gun for the First Time
When pawning a gun, the way that it works is easy: you visit a local gun shop and pawn store. Hilltop Pawn, although primarily a jewelry store, is also your local FFL dealer. You'll definitely want to look for a licensed dealer like us who will follow all federal regulations and laws at the state level. Once you decide to use us for your pawn loan, visit us any time that we're open, with your gun and ID in tow. Give us a few minutes to look over your gun and determine how much our loan offer will be. If you're interested in the loan, let us know, and we'll give you the cash on the spot. Leave your gun with us for now, and pick it up later, when you're ready and able to repay your loan. It's all very simple! And you only have to meet the following requirements:
● Be of age. ● Have an ID. ● Have a firearm that you can use for collateral.
If it sounds too good to be true, it isn't! Borrowing from us is really that easy when you have a firearm that you can use to secure the loan.
Hilltop Pawn Will Offer a Pawn Loan on Your Firearm
We do offer firearm sales here at Hilltop Pawn; because we're interested in the sale of firearms, we're always potential buyers of any firearms that you no longer want. However, our popular pawn loans are also an option. We've worked with many guns and gun owners over the years, so we can accurately assess the value of your firearm, all while following all applicable laws. We'll give you a fair loan based on the gun (or guns) that you bring in. Also, please remember that we offer pawn loans on other valuables, too! Instead of or in addition to your firearm, you can bring in jewelry, precious metals, and more to take out one of our loans.
Top Things to Know About Pawning Your Gun
When pawning used or new guns, these are some of the top things you'll want to know:
● Safety is our #1 goal when we're working with firearms. Unload your gun and make sure the safety is on before you bring it in. Always treat it like it's loaded, and follow all safety practices related to handling firearms when you visit Hilltop Pawn. ● Hold on to your pawn ticket. It's a record of the transaction and has important information on it, including the date when you're supposed to repay your loan and how much you have to pay. If you have it when you bring it in, we'll be able to look up your loan more quickly, too. ● A pawn transaction is legally considered the transfer of a firearm, since we'll be in possession of it until you repay your loan. Because of this, there are legal requirements that require us to perform a background check when you return for your gun, just as we would if you were buying a gun from us. This is true for both long guns and handguns. We always follow all gun laws here, so be prepared for this! Luckily, you don't really have to do anything, because we'll take care of it for you. ● If you don't want your gun back at all, we offer options for that, too! We will buy your gun from you in cash! You can also trade firearms when you work with us. Basically, you can bring a gun that isn't suitable for you anymore, and you can trade it and put your store credit toward another firearm, a piece of jewelry, or whatever else we have in stock that you're interested in.
Work with a pawn shop that you can trust to grant you the biggest loan, follow all applicable firearm regulations, and provide you with the best customer service: Hilltop Pawn. Visit us during our normal business hours, and let us know that you're interested in pawning your gun. We'll pretty much take care of the rest! As a general rule, it's the best way to put some extra cash in your pocket, all without losing permanent ownership of the firearm. We are your federal firearms licensee right here in Virginia Beach, and we're here and ready to help you with your pawn loan, or as like anything else We Buy Guns!