If you need to borrow money quickly and without a credit check, the pawn/loan process can be very helpful. Bring in items of value as collateral to receive a loan for an agreed amount, and then retrieve your item(s) upon repayment of the pawn amount within a specified period of time.
If you cannot repay your pawn loan in full, including any applicable interest, you may be eligible for an extension or renewal. These options can provide you with extra time to repay the loan and get your item(s) back. You may also elect to forfeit your collateral as payment in full. If the loan is not repaid with the specified term, including extensions or renewals, the merchandise is relinquished at that time. For clients not interested in a loan, we do also purchase items of value outright.
How do we determine what an item is worth?
The loan amount is based on the value of your item, as well as its condition and our ability to sell it should that become necessary. How this is determined varies between different types of merchandise. For example, jewelry is evaluated differently from firearms or stereo equipment. We have many research tools at our disposal to determine an item’s value and get you the most money we can.
For items that are mechanical or electronic in nature, this includes a visual inspection, plugging an item in and turning it on, and noting if any necessary accessories (such as remote controls) and manuals are included. For items such as jewelry or precious metals, we have the ability to determine weight, gold karat, gem clarity and other attributes that are a determining factor in the value of the item.
Is my merchandise safe while in our possession?
Yes, it is our responsibility to keep all items safe and in the same condition when they were brought in, since they are technically still yours while in pawn. All merchandise is kept in a secure area, and we are fully insured for the loan value of all items we take in.
If you have any questions on the pawn/loan process, be sure to give Metro Pawn & Gun a call or stop by our shop. From firearms, jewelry, coins, tools, and collectibles to car audio, home audio and personal electronics, we can provide quick cash when you need it, and also have a great inventory of items to shop from. With a friendly and knowledgeable staff, we can help you out of a financial pinch or help you set up an awesome new car stereo.
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