HOW PAWNGURU WORKS

Post your item

Fill out some info about your item, including type, condition, and a good photo. It’s free to post and only takes a couple minutes.

Compare offers

We’ll send cash offers and messages from local shops right to you. Check your phone or email for updates.

Get cash

Take your item to the nearest pawn shop with the best offer and get paid. You can sell outright or take out a pawn loan.

1.1 Million

Satisfied PawnGuru Customers

WHAT PEOPLE SAY

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CATE

Atlanta, GA

PawnGuru found me the pawn shop with the best price, and it couldn't have been easier. No shady dealing. Just business. Very professional.

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WILL

Detroit, MI

I didn't have time to drive from shop to shop. You let me get in touch with pawn shops from my phone, and it got me so much more money.

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CHARISSE

Houston, TX

Your site was so simple and easy to use. I got three pawn shop offers in an hour, and collected my money.

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JON

Phoenix, AZ

I got an Xbox One for way below retail. Took less than an hour too - it was a great way to snag a gift at last minute!

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COMMON QUESTIONS

What is a pawn shop?

A pawn shop is a used goods store that also issues loans. They’ve been around for thousands of years. Scholars believe they started independently in many different regions. The first were likely formed in ancient China to serve farmers, and that they operated out of monasteries. Farmers would visit these pawn shops to buy and sell used farm equipment, and to get short term loans using their tools as collateral. They also appeared in ancient Greece and Rome, probably by way of the Middle East. In Europe, the practice came to be regulated by the Catholic Church in the Middle Ages.

Pawn shops exist today in many cities across the United States, and in countries around the world. They’ve existed in America for hundreds of years, and grew significantly in popularity during the Industrial Revolution in the 19th century. Although few shops today deal principally in farm equipment, many still deal in other industrial appliances and tools. However, most of their purchases are electronics, jewelry, automobiles, firearms in some regions, and antiques.

Why would I use a pawn shop?

We are so glad you asked. Pawn shops would be valuable to you in three ways. First, if you want to sell an item quickly with lots of convenience. Pawn shops provide safe, clean places to sell your used goods very quickly. Because you’re getting cash quickly and not meeting someone in an alley, like on a peer to peer marketplace, you can expect to get a little bit less money for your item. It’s a trade off for speed, comfort, and safety.

The second reason is that you’d like a loan. Pawn shops provide consumers with emergency or urgent financing when a bank is not a viable option. Pawn loans are superior to other kinds of short-term financing, like payday lenders. Pawn loans are better because unlike payday lenders, there are no hidden fees or massive, spiralling debts based on high interest rates. The worst case scenario is losing your item– which sucks, but is better than accruing thousands of dollars in debt. Fewer than 10% of pawn loans result in loss of the collateral item.

The final reason is you’d like to buy high-quality used merchandise. Unlike peer to peer marketplaces, you can be confident that the inventory of a pawn shop is in good working order. Pawn shops have popular consumer goods from jewelry to electronics to appliances available for sale, and they’d love for you to buy from them. They’re great ways to pick up anything from the newest iPhone or Android phone to a luxury watch to a new set of power tools.

What is PawnGuru?

Pawn shops have very different specialties, and offer very different amounts of money (and prices) for the same items. Driving from pawn shop to pawn shop, we discovered that it varies on average by over 260%– an item that got $100 at one pawn shop was worth $360 at another. That’s why we built PawnGuru, a website where consumers can post their items for pawn shops to see, so they could receive offers and estimates before going into the store. We’ll bring you offers and information from multiple different pawn shops near you, so you can decide which shop is right for your needs.

How does a pawn loan work?

If you’re in a bind and need cash fast, pawn shops will offer you something called a pawn loan. Unlike payday or title loans, the annual percentage rate on pawn loans is much lower (200% APR compared to 400%). To get a pawn loan, you need to visit your local pawn shop and bring something you’re willing to leave as collateral, like an old computer or diamond ring. The employees will evaluate your item’s worth and decide whether to offer a loan. Please note that pawn loans won’t get you the full resale value of your item. Rather, you can expect anywhere from 20% to 60% of the full amount, but once you pay back with interest, you get your item back.

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