Need cash urgently to fulfill your obligations? Well, it might be good to consider the most desirable items that may fetch you decent value when you pawn it for a short-term cash loan. Pawning is a fantastic way to grab an urgent quick cash loan in Australia, when you need it the most and retain the ownership of the item as well.
So, what are the most desirable items against which you can immediately get a pawn loan with decent cash in your hand on the same day?
1. Musical Instruments
If you have musical instruments, such as guitar, amplifiers, violin, mandolin, drum kits, keyboard, etc., you can grab decent cash on pawning any of these items. There is good demand for these musical instruments even in the second-hand market and pawnbroker is aware of the demand. Hence, they are ready to provide a bit more cash for the pawn loan for musical instruments because they know if you fail to repay the pawn loan, they can easily resell it in the second-hand market and make some profit out of it.
2. Quality Power Tools
Whether battery-powered or fuel-powered, quality second-hand power tools are in high demand. However, you’ll have to ensure all of the parts i.e. cord and accessories are there along with the item. Besides, fill them with fuel or charge them before you take them to your nearest pawn shop, so you can prove that they work as intended. Above all, remember to clean them with a soapy cleaning rag because they tend to attract dirt. Now, you are ready to take your quality power tools to the pawn shop and pawn them for maximum bucks.
3. Broken or Scrape Gold Jewellery
People like to adorn shiny things such as gold and silver jewellery even if they are second-hand, so there is a huge demand in the market for these precious metals. Thus, pawnbrokers are very much interested to accept gold in any form, be it scrape or broken gold or any other form of gold. And you’ll get decent value for your precious metal. So if all you have to pawn is your old gold jewellery, then take it to the pawn shop and you’ll get instant cash via pawn loan within minutes on the same day.
4. Electronic Items
All types of electronic items including desktop computers, laptops, LED and LCD Television sets, refrigerators, digital cameras, microwaves, etc. can all be pawned at a pawn shop for a fair price provided they are in good condition and working properly. Besides, ensure you have all the parts and accessories of the electronic item else, the value will drop significantly. Additionally, charge them in full if they are running on batteries, so the attendant can test the electronic item straight away and find out if the item works as intended. And don’t forget to wipe clean to remove any accumulated dirt from the item – first, use a simple dry rug and remove the dirt, then take a soft rug and dip it in soapy water and wipe once again so that it looks clean and fresh. This will ensure you’ll get a decent price for your electronic item.
5. Smart Phones
These days, smartphones are in great demand because it helps in doing many tasks – from online shopping to paying your utility bills and everything in between, they can save your precious time, money and energy. An iPhone will fetch you more money than any other smartphone because they come with robust security, as well as, they look classy and are a status symbol. Pawnbrokers are more willing to accept smart phones against pawn loan or outright purchase as the second-hand item.
6. Antiques & Collectables
If you have some antique pieces that are a rare collectable or has a historical value attached to it, then you will get good value for them. So in an urgent situation, you can take them to pawn or sell it to a pawn shop.
7. Coins & Currency
Good old coins and currency! Yes, if you have collected old currency or coins or somehow got the collection from your parents or grandparents, then it’s a good option for pawning or selling it direct to a pawn shop for you’ll be able to grab a good value for them.
When you are in an urgent situation wherein you require quick cash to manage the obligations at hand, then pawning or selling your second-hand goods is the best thing to do. And even if you fail to repay the pawn loan, you will only lose the possession of your item without causing any harm to your credit standing.