We have all been there. It is still 10 days until payday, your last paycheck went to rent and overdue bills, your car is almost out of gas, and the washing machine needs to be repaired. Using a pawnshop can be a simple solution to making ends meet when things get tight. Electronics are typically one of the best items to take into a pawnshop, but it is not just about TV's. Stereo speakers, car speakers, or complete sound systems are a popular item to pawn and sell for quick cash.
Taking your speakers into the pawnshop does not mean you have to give them up forever. If you just need a little cash to fill your car with gas, the pawnshop can give you a pawn loan in exchange for your speakers as collateral. The pawnshops use collateral rather than doing a credit check or co-signers. Once you pay the loan back, the speakers are returned to you. If you fail to meet the terms of the loan, the speakers are gone. You also have the option to sell the speakers outright if they are an item you no longer use or want. Selling items to a pawnshop is much faster than other methods of selling because you can get the money you need the same day without waiting for the right buyer to come along.
Before hauling your entire sound system to the pawnshop, it is worth making a phone call to be sure the pawnshop is currently accepting speakers. While most pawnshops will accept them, they may have limited shelf space at the moment or a sudden influx of speakers and might not be accepting any new ones now. So, it's a good idea to call ahead and make sure they are willing to look at your item.
If they will accept your speakers, the next thing you want to know is how much are they worth. This depends on the condition and brand of your speakers. Not all pawnshops will pay the same, so it may be worth going to several pawnshops in the area to get the best price. Local demand also makes a difference in the price offered for speakers. The best way to get an idea of how much your speakers might be worth is to look them up on another website such as eBay, or a manufacturer's website to determine what they are currently selling for. This will give you an idea of how much the pawn shop will sell your speakers for, which means they will typically offer you about half of that price.
In order to get the most money for your speakers, there are a few things you can do to ensure you get a fair price. First, clean them up. If you have to remove the dust at the pawnshop, the owner is going to know they have been sitting in the corner of your house for a while and they may not offer you as much. Take the time to make them look as new as possible and ensure that they work before taking them in. Next, bring any paperwork you may have to show what your speakers are worth. This may include an original receipt or additional paperwork for speakers that are particularly unique or valuable.