They say that when you visit one pawn shop, you have visited them all. While for some people that may be true, every pawn shop owner will tell you otherwise. Some of them will tell you that they have better prices for pawned items and more product offerings. Others will say that they have different types of services and have wares that help distinguish them from other pawn shops. It’s still up for debate right now and is usually up to the customer to decide.
Here at Major Pawn we try our best to set ourselves apart from other pawn shops in the entire State of New York. We want our customers to have the best experience whenever they visit our shop so we make sure that we have what they need. Here are some of the things that we do:
1. We Offer a Very Flexible Pawn/Loan Term for your Valuables –
The bread and butter of all pawn shops is the pawn/loan offer. This transaction involves an exchange of goods for money. To secure a loan offer you need to bring that valuable item to our stores. Our personnel will assess the cash value of your item and give you a loan offer. Once you have agreed to our loan/pawn offer, we draw up the paperwork and you get your money. It’s as simple as that.
Our terms are very flexible. Some pawn shops have shorter loan terms like 30 or 60 days. At Major Pawn, you can pay back your loan in as short as one day and as long as 4 months later. If you are unable to pay for the loan after the loan period is over, you can simply extend the loan again for another 4 months and pay only the finance charge. To do this, you need to contact our customer representatives or come by our shop to extend your loan.
Our rate is at 3% interest per month. That means that if we loaned you $100 for your item, you need to pay $3 monthly interest for the duration of your loan term.
We also don’t require you to pay for your loan if you don’t want to. Once the loan period has expired and you have opted not to reclaim your valuables, we consider the loan paid with the item or items that you pawned to us.
We require customers to be at least 18 years old in order to secure a loan. Also, please make sure to bring a valid ID every time you transact with our sales associates and customer relations team.
Once the transaction has been completed, you will receive a pawn ticket that you should bring should you want to reclaim your pawned item or extend your loan. You will also get the agreed upon cash loan for your item.
2. We Accept Broken Jewelry –
Some pawn shops only accept jewelry that’s intact. The reason behind this is that jewelry can be easily resold if you end up not being able to pay for the pawn/loan amount. But we at Major Pawn purchase any valuable item no matter what condition it is in. You may have a gold bracelet whose clasp has been broken and the manufacturer has stopped producing that type of clasp so you cannot have it repaired. Bring it to our shop and we will buy it from you, broken clasp and all. One of the measures of the value of gold is in its weight not just how expensive you bought your jewelry for.
Your broken item is still subject for appraisal of course but we rarely turn down anything of value if we can help it.
3. We buy Watches –
Another thing that some pawn shops shy away from are watches unless the brand starts with R and ends in X. This is because a lot of used watches really don’t have a lot resale value. Major Pawn accepts certain brands of watches. We have a more extensive list than some other pawn shops in New York so be sure to visit our website at www.majorpawn.com for more details on which watch brands we accept.
4. We give a Fair Appraisal of your Goods –
Our appraisers are some of the most experienced and seasoned people. We make sure that they give you a fair price for your prized possessions. We at Major Pawn know which items are valuable and which ones aren’t. We won’t lower the loan price of a valuable item just to make a better sale of it later on if you are unable to reclaim it from us or opt not to pay for the loan. We give you what is due to you.
5. We give you your Cash Immediately –
Once the paperwork has been completed, you can walk away with your loan amount in less than 24 hours. Bigger amounts will need a day or two but generally if you just need a quick buck, we can give it to you ASAP.