Categories > Pawning
Can you pawn your car for an instant loan?
The short answer is, yes. You can pawn your car, truck, or any other automobile for that matter, and when you pawn your vehicle, you can get an instant cash loan.
The other question to ask, though, is should you pawn your car?
For many of us, our vehicles are the most valuable thing we own besides the roofs over our heads, so if you are in need of a large sum of cash, pawning a car may be the most obvious choice. There are two kinds of pawn shops that you can choose to pawn your vehicle to. Auto-pawn shops are a particular kind of pawn shop that only work in pawning vehicles, or, you can find a jack-of-all-trades pawn shop, like Loan Star, that will also give you an auto pawn loan on any kind of vehicle.
There are two ways to pawn your vehicle: a classic auto pawn or a title loan.
Pawning Your Car: Auto Pawn
The first is like any other pawn, you drive up, hand over the keys to your car and get the money you need. If you don’t need to continue to drive your vehicle, such as it’s an extra car or you predominantly use public transportation, the classic auto pawn may be your best choice.
Auto pawns have the pawn shop store and look after your vehicle while they possess it, and at Loan Star, the vehicle storage is locked, secured, and patrolled to keep everything safe. Auto pawns allow for better interest rates as the pawn shop physically possesses your vehicle until you return to purchase it back, so there is less risk on the pawn shop’s end.
One drawback is auto pawns tend to be short term loans, so if you need a long-term loan, an auto pawn may not be your best option.
Pawning Your Car: Title Loans
Title loans, on the other hand, offer a few more choices than an auto pawn. Title loans allow you to continue driving your vehicle while you still have the loan, and you can often extend them to longer terms. The average title loan needs to be paid back in full within 30 days; however, title loans are a little more flexible in the contract, so some title loans can be for up to a year.
Title loans have you sign over the title to your vehicle, rather than handing over the keys like an auto pawn. When you sign over the title, you are saying in the contract that if you do not pay back the loan and interest within a certain period of time, the title holder becomes the legal owner and can repossess the car in any way they see fit. Some title loan companies will install GPS tracking devices into your car, so as to mitigate risk.
The disadvantage of title loans is that, although you get to continue driving your vehicle, the interest rates tend to be much higher than an auto pawn. The interest rates are higher because there is a lot more administrative labour needed to repossess the car if the loan is not repaid.
If you are able to go without a vehicle for a period of time, auto pawns are often the better option when it comes to pawning your car for an instant loan. The interest rates provided my Loan Star will be significantly lower than any title loan company, but it does mean that you forgo the ability to use your vehicle until you pay back your loan. If you simply cannot go without a vehicle but need cash fast, a title loan is a good option, but you have to ensure that you know what the interest rates would amount to.
Final Thoughts on Pawning Your Car
You can pawn your car, truck, motorcycle, and any other vehicle if you need a quick loan of a larger sum, but deciding whether to pawn it for the lower interest rate, or get a title loan to continue using the vehicle, depends entirely on what is best for you.
When it comes to estimating how much your MackBook would be worth at a pawn shop, there will of course, be quite a big swing when considering how much cash you could walk away with.
Because there are so many types – whether it be a MacBook, MacBook Air, MacBook Pro 13″ or MacBook Pro 15″ – and around 10 models for each type, it becomes almost impossible to provide you with a guaranteed price before being able to evaluate your MacBook ourselves.
With that being said, we’re more than happy to explain how we’ll value your MacBook when you come in to pawn it and provide you with a general offer range for what you can expect to get.
Whether you’re deciding to sell your old laptop, or planning on pawning your MacBook as collateral for a same-day loan, here’s how we decide much to offer for a MacBook.
1. Determine The Model
The first thing we do is determine the exact model number of your MacBook. This can be found by turning on your laptop, clicking the Apple logo in the top left hand corner and About This Mac.
This will not only provide us the year and model of MacBook, but it’s storage size, too.
2. Determine The Year
Next, we’ll need to figure out which year’s model your Macbook is. We most commonly see 2013 MacBooks in store, but accept all different types.
Have a bit of an older Macbook Air?
It’s important to understand that any Apple computer that is from a previous generation (i.e., it has a different charging port or set up than what is currently being sold at Apple stores) will always be worth less than if it is from the current generation of Macbooks.
3. Evaluate The Condition
We then evaluate the condition of the laptop. The main considerations that we’re looking at are:
- Scratches – Are there are any scratched on the screen?
- Dents – Are there any dents on the lid of the keyboard?
- Missing Keys – Are all of the keys intact and in good repair or are some of them missing?
- Case – Is there a protective case provided?
- Charger – Is the laptop included and is it in good repair, fully functioning?
- Ports – Are any of the ports damaged or are they all in good, functional condition?
4. Research Market Value
Lastly, like any good purchaser, we do our research! Curious what you could get for your MacBook?
We’ll check local resellers as well as Apple itself to gauge what this particular model of MacBook is currently going for.
So, How Much Can I Pawn My MacBook For?
In general, here’s how much our pawn shop will pay for a MacBook:
- MacBook Pro (2012 – 2014)
- $125 – $250
- MacBook Air (2015 – 2017)
- $170 – $300
- MacBook Air (2019)
One last thing before you go… Are you only planning on pawning your MacBook temporarily for a pawn loan? One non-negotiable part of our process is that we’ll need to remove all iCloud and Apple ID information from the laptop before we can write up the loan. For some people, this is a no-go, while others have no problem with it.
Take some time to consider if that will work for you, and if so, come on in and pay us a visit!
Wondering how to pawn your Macbook Air for some quick cash? Today, we share some helpful advice on how to pawn your Macbook Air at a pawn shop so the process goes as smoothly as possible!
Pawning or selling a Macbook Air are very similar processes, it’s just the end result is a little different.
When you decide to sell your old laptop, or wish to pawn it and use the laptop as collateral for a same-day loan, there are a number of steps you should take and consider to ensure you get the best price for your electronic goods.
1. Back Up Your Files
The first step you should take when you decide to pawn or sell your Macbook is to save a backup of all your files.
An external hard drive is a great way to save everything in a single place — and they come in large enough storage sizes that you can even back multiple computers onto the same external hard drive.
You can also choose to do a full backup of your computer onto the Cloud so that your files will be accessible anywhere, but a ‘hard copy’ so to speak is the most recommended option.
2. Clear Your Information
Your Macbook Air holds some of the most important personal information on it, so you want to be sure you wipe everything from it.
Here’s how to get started:
- Search engines – Make sure you log out of all search engines and clear all the history.
- Disconnect your iPhone – If you have an iPhone that is connected to your Macbook, disconnect all the messaging and erase that history.
- Erase your Time Machine – To erase your Time Machine backup, search for Time Machine in Spotlight and click on the icon. Find the backup you want to delete (in this case, all of them) and select ‘delete backup.’
Go through all the steps to deleting your backups in the Time Machine and then you can proceed to a full factory reset.
To perform a factory reset on your Macbook Air:
- Restart your Macbook – Simply restart your computer and hold Command + R until the Apple logo shows up, when the computer turns on your recovery page will appear.
- Erase your data – Click on ‘Disk Utility’ then your startup disk, and choose to erase all data. This step is relatively well-known when selling personal computers, but it should not be your first step.
Deleting all your Time Machine backups ensures that the next owner will have no chance of restoring your old computer information.
3. Collect The Accessories
The best way to get a good price for your Macbook is to have all the cords and necessary applications put together.
This includes the charging cord, a bluetooth usb reader, bluetooth headphones, and any other cords and add-ons you have that will increase the value of your computer.
4. Clean Your Macbook
Just the same way that having your car detailed or at least deep-cleaned before you try to list it on Kijiji, it’s important to make sure the item you’d like to sell to the the pawn shop is looking it’s best.
Ensure your laptop is looking it’s best by using a dry cloth and some screen cleaner to make sure your screen, keyboard and trackpad are free from dust, crumbs and stains and are looking spotless.
It’s a simple equation — people simply don’t value a dirty computer as much a clean and shiny one.
5. Visit Our Pawn Shop
Ready to roll? Come on in, we can’t wait to meet you.
Loan Star Jewellery & Loans is an Edmonton pawn shop conveniently located on 118 Avenue for all of your pawning needs. Give us a call or visit our shop today!
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Your cellphone is a pretty valuable piece of technology, so if you’re looking to make some extra money pawning your cell phone can be a good move.
Whether you’ve upgraded and want to sell your old phone that is in decent condition, or you simply want some extra money and don’t need your phone anymore, there are a number of ways to get the money you need from your phone.
There are a number of ways you can sell your goods, social media buy and sells, classified websites, and pawn shops are all options you can legally sell your phone on. However, for those of us who have dealt with the trolling, low balling, and sheer number of communication associated with buy and sells and classifieds, we know that if you want a quick, fair, and hassle-free option, a pawn shop is usually the best option.
However you choose to sell your phone, there are a number of things you should do before you put that “for sale” sign on your personal property. Here are the steps you should take to safety and swiftly pawn your cell phone.
1. Do a full factory reset of your phone
This may seem obvious, but it is important to remove 100% of your personal information from the device. Your phone hosts contact information for all your friends and family, emergency numbers, bank information, email addresses and logins, and all your search history. You should also be sure to disable “Find My Phone” and remove the device from any of your other devices such as laptops or smart speakers. If a stranger were to have this information it could be incredibly dangerous — so do not miss this step.
2. Unlock your phone and make sure everything is in working order
Make sure that after your phone has been reset that you unlock it. Some cell phone providers will have phones locked so that SIM cards other than the one you purchased the phone from don’t work, but if you phone and ask your provider to unlock your phone they are required to do so.
3. Get the facts straight
Make sure you have the year you bought the phone, model number, storage limit, and any other information that would be pertinent for a buyer to know (this includes if you have had the screen replaced or replaced the battery). People like to know the background of anything they buy second-hand. It is a good idea to gather all the original packaging such as the box and instruction manual, this proves that you are an original owner of the phone and is a nice way to hand the phone off to its new owner.
4. Learn what your phone is worth
It’s important to do research on how much your phone is worth before trying to sell. The 14-year-old Nokia flip phone is not worth $800, regardless of the nostalgia. Check what people are selling phones similar in age/model to yours to figure out a range you may get for your phone — timing also matters, you may not get as much right after Christmas, but in August there may be a selection of parents looking to buy their child a cellphone for their first day of junior high. Make sure you’re educated about what your phone is worth before trying to sell, that way your buyers will make you honest offers.
Wondering how much a pawn shop will pay for your cell phone?
Because you can simply walk in, hand over your cell phone and get the cash rather than dealing with all the hassle of selling it yourself online (like answering questions, arranging a time to meet, and low-ball offers that are a waste of time), you may find that the pawn shop offers you a few dollars less than if you sold it on your own. This, of course, is the price of convenience.
5. Sell that phone
You can list your phone online (make sure there are two or three good photos that show the screen quality, if the charging or headphone receptacles are damaged, and relative size to something known such as a playing card). When posting online, you should also include a description, model number, any important information like “never been dropped,” “comes with the case,” or “no scratches or markings.” It is also a good idea to let people know if the phone came from a smoking home or not as that can be a selling feature.
If you decide to go directly to a pawn shop, the process is a little easier. Bring your phone in the original box if you have it to your local pawnshop. There, an appraiser will look at your phone and make you an offer — easy-peasy! There is one really great advantage to pawnshops, and it’s right in the name. If you’re temporarily strapped for cash you can take your phone to a pawnshop and use the phone as collateral for a loan. You’ll get your money and then have 30 days to come back and buy it back, which is great if you’re particularly attached to your rose gold iPhone.
When selling or pawning valuable items (especially ones that once held personal information) it’s important to take the necessary steps to ensure your safety. Follow these steps and not only will you keep your personal data safe, you’ll also get a good price for your phone!
We have all seen the depictions of pawn shops in the media: shady places where dirty dealings occur in seemingly broad daylight. The truth, however, could not be further from those common depictions. In fact, pawn shops today remain an important part of the world and business. If you have never been to a pawn shop, you may be missing out on some fantastic deals, opportunities, and people.
So – how do pawn shops work in Canada?
Are Pawn Shops Regulated?
Yes. The Province has regulated the pawn industry for decades, and most Edmonton pawn shops are licensed and regulated by local authorities as well.
Are pawnshops stocked with stolen merchandise?
Less than 1 percent of items are identified as stolen goods.
Pawnshops are actually the worst place to try and get rid of stolen merchandise, despite what you see on television or in the movies. Pawnshops are highly regulated, work very closely with local and federal law enforcement officials, and train their staff to be on the lookout for and identify stolen property. In addition, Loan Star pawnshops all utilize an Internet-based crime-fighting tool called BWI, in which every pawn transaction is shared with police departments nationwide on a daily basis.
Pawn Shops Give You Cash
Pawn shops offer a wide variety of services to people but one of their most common tasks is buying items from people and adding those items to their inventory. It’s a fantastic way to make some quick cash on things you have that you no longer need, especially if they are items that are in high demand. Recent versions of smartphones, recent electronics, and power tools in good condition are all viable items that can often make you some great money, and a pawn shop is the perfect place to trade them all in.
Can you give a quote on an item over the phone?
Unfortunately, we cannot give quotes over the phone because loan amounts vary greatly depending on the condition of an item.
Pawn Shops Buy Jewellery
Most pawn shops these days have close working relationships with precious metal suppliers and jewelry experts. They can often give you top dollar for your gold and silver no matter the form. They can also help you find a home for any jewelry you no longer want, whether that’s selling it to someone who may want it or having it melted down for its metals. Either way, pawn shops can help you make some money off the precious metals in your jewelry.
Pawn Shops Give Loans
People are increasingly turning to pawn shops for short-term loans. These loans are collateral-based, meaning that you have to offer something up for collateral in the event that you default on your loan. The process works differently than banks but your local pawn shop dealer will be able to walk you through the specifics. It’s an excellent way to get some cash that you may need without having to go through the bank.
Pawn Shops Sell Stuff at Great Prices
One of the best things about pawn shops has changed very little over the decades: the potential to find something amazing. These stores have been acquiring items for years and hidden away on those shelves are things you may have never guessed. Old records, books, items that you need for your home, even replacement phones and electronics. If you want it, there’s a good chance a pawn shop in your area has it, and has it for less.
Your local pawn shop is an excellent resource for everything from quick cash to loans and items that you may need. They are an important part of any community and a vibrant place where people can discover things they never knew existed. If you are in need of cash or are looking for something unique, a pawn shop may have exactly what you were looking for, and even a few things that you weren’t.
Do you have a laptop that’s just collecting dust? The last generation of iPhone that you don’t use anymore? An extra tv no one ever watches?
As long as they still works properly, and are a current style, electronics are a great item to sell when you need some cash, like yesterday.
2. Pow-Pow-Power Tools
Remember that table saw you bought for your home renovation last year? Or the pressure washer you don’t quite get around to using as often as you should?
Why not turn your stuff into cash? Clean, functional power tools and the like often times get purchased for one-off jobs, then end up all by their lonesome in a cold, dark corner.
3. Musical Instruments
Musical instruments and equipment like drum sets, guitars and amps are another excellent item to bring into a pawn shop for a quick buck.
Jewellery… just like wine, it gets better with time.
…Or something like that!
The fact is, gold is a global currency that isn’t going anywhere anytime soon.
If you’ve got precious metals or jewellery with valuable stones, these items could seriously end up paying out.
Did Great Aunt Sally just hand-you-down a golden antique vase? Is there a unique piece of art lining the walls of your dining room that you never really loved anyways?
The truth is, you never know how much the unique items around your home from yester-year may be worth to the right person.
If you’re sitting on a collectible or rare item, come on in to our pawn shop today to test your luck!
1. How Much Is That Doggy in the Window?
Plan on walking into the pawn shop with your negotiating gloves laced up already?
Think again, champ.
Before you set your heart on negotiating a hot deal, be sure to ask the obvious question – “Is the price on this item negotiable?”
While the guys behind the counter at a pawn shop typically expect a bit of back and forth haggling on most items, the fact of the matter is that there are some items that are just so unique or high-value that there simply isn’t room to budge.
2. Start High
Want to snag a sweet deal on a used turntable?
Just like poker, it’s wise to ‘keep your cards to yourself’ in negotiations, too!
If $100 is the price you’d be happy paying, start by asking if they would take $75 for the item.
This allows for bargaining room, and allows you to appear as though you are being flexible when you agree to consider an asking price higher than $75.
3. Know Your Comps
Ensuring you’ve educated yourself on what the market is actually valuing an item at at any point in time is a crucial step to becoming a strong negotiator.
Interested in one of our rare guitars?
Researching online or asking experienced professionals in a music shop for an estimate of how much the piece should go for allows you to come to the bargaining table with the right facts.
4. Money Talks
As the saying goes, cash is king.
Being able to shell out some cold, hard cash holds much more value than a promise to pay at a later date.
5. Know Your Limits
It’s no fun for anyone when you get caught up in the heat of the moment and over-promise on just how much you can actually pay for an item.
Before you step foot into a negotiation, it’s important to take a moment to genuinely decide what the maximum you’ll pay for the item is, and how much you can truly afford to pay.
Plan on blowing your lid if the deal doesn’t go your way?
You’d better not.
If you aren’t confident you can’t keep your cool while negotiating at a pawn shop, it’s better to just avoid the situation all together.
Everyone deserves a little respect.
If the decision maker at the pawn shop declines an offer that they feel is too low, they reserve the right to do so, and that doesn’t give you the green light to raise your voice, use profanity, or make threats.
At the end of the day, negotiating a deal should be fun for everyone involved – you get a steal on an item you’ve been pining after, and the pawn shop owner gets to sell some of their inventory.
Buying items from a pawn shop truly can help you save a pocketful of cash, but in the same right, it should only ever be done with respect.
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Short on cash this month? Gas tank too close to empty? Put some extra cash in your pockets with some of these simple ideas to make money in Edmonton today!
Get Paid to Drive Around and Listen to Music
Why not cash in on the ‘need it now’ economy of today?
Applying to become a Skip The Dishes driver is simple, quick and easy way to rack up some dough. Enjoy a flexible schedule, listen to your favourite songs and make money while you’re at it.
Try a Kijiji Search with This Special Keyword
Need money like yesterday?
Hop on over to Kijiji and select “jobs” then type in “urgent” – you’ll be faced with a long list of employers who need help now – many who may pay in cash on a daily basis.
Many construction sites will need general labour help, parents will need babysitting and restaurants need servers. The list is really endless – try your luck and see which types of fun job opportunities pop up today!
Turn Your Basement Bobbles into Cash
Do you have a box of old baseball cards? An amp from your high school rock band that’s just collecting dust in the corner downstairs? That power sander you bought for that DIY project years ago but haven’t touched since?
We accept all types of items including gold and silvery jewellery like rings, necklaces and bracelets, electronics like laptops and cell phones, power tools, golf clubs and other sporting equipment, musical instruments and collectibles.
If you’ve got items that you aren’t using, why not turn them into cash by popping into our store today?
Dust off Your Bookshelf
Did you know many used bookstores, like the Wee Book Inn on Whyte Avenue accept used books and will pay you cash on the spot?
Finally, a useful application for all of those Jane Eyre reads!
100% Satisfaction Guaranteed
Oops – accidentally overspend again?
Many large retails like Wal-Mart, Superstore and Winners may not require the tags to be attached or a copy of your receipt – they simply offer a satisfaction guarantee.
That blouse you bought but can’t actually afford that doesn’t quite fit right?
The area rug you brought home from Costco that doesn’t actually look so great in your living room?
As long as it’s within a reasonable time frame, pack it up and bring it back for, many times, a full refund.
Bag up your recyclable bottles and drinking containers and head over to your local bottle depot to trade them in for some cool cash.
Bag of bottles a little empty? There’s no shame in heading out to one of the large outdoor shopping complexes nearby to pull bottles that could be recycled from the garbage.
The empty bottles will otherwise be added to our landfills so you can even think of it as a generous way to help out the community and environment, too.
Pay Less for Pizza, Perogies and Pasta
Download the Flipp app to look up grocery items and see which grocery store they are cheapest at in Edmonton.
Many large grocery stores like Superstore and Save On Foods will actually honour the discounts that their competitors are advertising so you do all of your shopping in one place.
Simply take a screen shot of the item in the Flipp app and show the cashier to pay less for your groceries every day!
Your Quality Pawn Shop in Edmonton
Loan Star Exchange is Edmonton’s trusted, quality pawn shop.
If you just can’t wait and need a quick and easy way to get cash today, we offer options.
Our Pawn Loans hold on to valuable items as collateral and offer short term loans for when you find yourself in a desperate situation.
Get in touch to learn more about out short-term loans today.
More Interesting Stuff on Money
Fall yard sale season can be tempting for many people looking for a deal, yet most of those deal hunters haven’t realized that there is a place with better deals and better products that is open year round. That place is a pawn shop. Here are a few reasons why you should choose your local pawn shop over a yard sale.
Anyone who has been to a yard sale knows that the items available can vary quite widely in terms of quality. Broken items can be placed next to board games with missing pieces, beautiful clothes hang next to jackets with missing buttons and holes in the pockets. When you go through a yard sale, you can often find products that seem amazing, only to discover they are falling apart a week after you bring them home, and you can’t do anything about it except throw it in the garbage.
A pawn shop owner understands that carrying poor quality merchandise will ruin their business and reputation, so they quickly become experts in finding quality pieces. Heading to a pawn shop instead of that yard sale can not only get you better quality items, it means you can buy with confidence.
When you go to a yard sale, you can often find everything from broken furniture to VHS tapes and worn out paperbacks. The actual products for sale are based mostly on two factors: the person not wanting it anymore or them really needing to get rid of it. This means the range of items available and their quality varies dramatically. By contrast, a pawn shop is curated. Items are there because the pawn shop operator knows they will sell. This means a narrower selection of goods that are at a quality that makes them sellable. It’s easier to find what you need and want in a pawn shop.
Yard sales are sometimes a mixed bag. You can find pretty decent deals on stuff, but more often than not you can find items that you love that are priced with sentimentality in mind. A person putting on a yard sale is in complete control of the pricing and while they may be open to haggling, they are often too personally involved to price competitively. They have also rarely considered actual market value, meaning you could end up paying more than what the item would go for at a pawn shop.
Pawn shop owners by contrast, price things according to previous sales experience and their expertise on the products. They do not price things because of the memories associated with them. They price them to sell. That means better, fairer pricing for you and less hassle trying to haggle down someone who doesn’t understand why their pricing is too high for an item they love.
When it comes to finding quality used items, it’s best to head to a quality and reputable pawn shop like Loan Star Exchange. With curated items that are high quality and priced to sell, it can be the perfect place to find something unique for less.
Pawning is a great way to make money but only if you avoid common pawning mistakes. Here are five such pawning mistakes and how to avoid them.
1. Misunderstanding Gold
Gold is one of the most common items that come through the doors at a pawn shop, yet gold itself is one of the least understood items on the planet. You see, the price of gold doesn’t operate like regular fluctuating stocks. It’s remarkably stable and, as a result, pawn shop owners understand the worth of an item mostly by placing it on a scale. Many people who try and pawn gold items try to over-negotiate when the pawn dealer understands just how much they can make by selling it to be melted down.
2. Being Sentimental
Sentimental value is important to some people, but your love of an item isn’t a big factor in pawning. In fact, it works against you when buying and selling. For buyers, they will often pay more than they need to for something they really want. For sellers, they will hold off on a fair price because they are convinced the item is worth more when it really isn’t.
The best way to avoid getting sentimental is to seriously assess whether you want to part with items you are pawning, and to not get overly-invested in items you want to buy before you make your offer.
3. Extreme Negotiating
There is rarely an item in a pawn shop that has a 300 per cent markup, yet many people buying things will try and lowball to save money. Negotiation can be part of the pawn shop experience but assuming large profit margins will shut down negotiations before they get you a stellar deal. The same applies when you are pawning items off. Understand the value of your items and negotiate from there.
4. Not Doing the Research
If you walk into a pawn shop with some items to sell and you haven’t done any research, you will often leave with those items still in your possession. The reason? Pawn shops don’t buy just anything. Be sure to head online and figure out what pawn shops are usually looking to buy and, while you’re there, do some research on what to expect in terms of cash in hand for those items.
5. Breaking Up Collectible Sets
Collectibles are a large part of the pawn shop market, but many people do not understand how to sell their collectibles to make the most amount of money. The best example is collectible sets. Too often, people will try and sell collectible sets as individual items, not understanding that they can often make more for the entire set. After all, not having to hunt down the individual pieces is a major convenience that many people will pay for.
If you are looking to pawn some items, it is in your best interest to do some research on what you want to sell. By taking the time to learn about pawning and your items, you can actually negotiate a better deal and sell more things. Also, be sure to always go to a reputable pawn shop for your pawning.Next Page »