How To Get The Best Deal On Your Guitar At A Pawnshop In Arizona
Pawn shops are the best places to sell your old stuff for quick cash. However, depending on your case, you might consider pawning your items instead of selling them, especially with particular stuff like guitars or old instruments. At this point, you may want to know now the best way to sell or pawn a guitar at an Arizona pawnshop.
If you want to get the highest cash return from your guitar, you must consider some recommendations first. From learning all its details to knowing its value, all these things are crucial to getting a nice deal.
Read this guide to see the best tips and tricks when selling or pawning a guitar at a local pawn shop.
How Do Pawn Shops Work?
Pawn shops primarily offer two valuable services to their clients. Firstly, they offer short-term loans secured by an asset (collateral). Secondly, they purchase specific items from individuals and resell them later.
Whether you want to sell or pawn your guitar, the process is fast, easy, and private. Moreover, it usually takes less than an hour.
This is how both services work:
Pawning Your Guitar
- Step 1: Bring your guitar in for a quick over-the-counter evaluation.
- Step 2: Get a verbal quote in minutes.
- Step 3: Present valid identification, such as a driver’s license or an ID card.
- Step 4: The owner writes your loan. Then, you receive a printed contract you must sign and retain.
- Step 5: Payment is received, and your guitar is securely stored.
You may go back to the Maricopa pawnshop to collect your guitar once you have paid off your loan.
Selling Your Guitar
- Step 1: Enter the pawnshop for a quick over-the-counter evaluation of your guitar.
- Step 2: Receive your verbal quote in a few minutes.
- Step 3: Offer valid identification, like a driver’s license or ID card.
- Step 4: Finish the payment process to get your cash.
As you can see, this process tends to be faster than pawning the guitar, but you must negotiate the price with the pawn expert.
Should I Pawn My Guitar?
If you don’t want to lose ownership of your guitar, you can use it as collateral for a pawn shop loan.
People usually pawn their musical instruments to get quick cash, but they must be confident they will repay the loan on time.
The benefits and drawbacks of pawning your guitar include:
- It’s the fastest way to obtain a short-term collateral loan.
- There’s no need for a credit check.
- You will not be reported to credit bureaus if you cannot repay the loan.
- It’s an easy process in comparison to obtaining a bank collateral loan.
- It’s short-term lending (it usually lasts 4 months).
- The Glendale pawnshop has the right to do anything with the guitar if you don’t pay the loan on time. In short, you may lose your guitar!
Should I Sell My Guitar?
It makes sense to sell your guitar if you no longer need or want it, especially if you want to use the money for something more beneficial.
People usually sell their instruments when they are short on cash and need to pay something immediately. Or if they want the money to buy something else that will give them more pleasure. They may also choose to invest the funds or use them to pay down debt.
The benefits and drawbacks of selling your guitar to a pawn shop include:
- It’s a quick and simple way to get money for your old guitar.
- You don’t need a credit check this time either.
You could try selling your guitar on a website like eBay. However, you may not find a buyer right away and there is no guarantee you will get a better offer. Plus, selling anything on eBay is not free, so packaging and shipping your guitar will be quite expensive.
- You may not get the price you want in the Arizona pawnshop.
Pawn shops must also make a profit. Remember they must resell these items, and many times these items sit on their shelves for months before finding a buyer.
How To Get The Best Deal
Here are some things you can do to get the most money for your guitar, whether you’re pawning it or selling it:
- Do your research – Learn everything you can about your guitar, including knowing how much other guitars cost.
- Include all accessories – Add any extras to get a higher price.
- Make it presentable – A neat, clean guitar may command a higher price.
- Feel free to bargain – If you believe you should receive more money for your guitar, feel free to do so.
Finding A Reliable Arizona Pawnshop
There’s no general rule as to whether selling or pawning your guitar will give you more money.
Generally speaking, popular brands in good condition sell fast, so pawning or selling your guitar is unlikely to net you more money. Gibson, Gretsch, Fender, and Yamaha are popular guitar brands.
Nonetheless, depending on your connection with the local pawn shop, you may be able to get a bit more of money if you pawn your guitar.