Pawning vs. Selling: What’s The Difference?

When you visit a pawn shop with an item you’re looking to receive money for, you’ll have two primary options: pawning the item or selling it. The key difference between these options is that when you pawn an item, you’ll be given a cash loan with repayment terms, allowing you to get the item back once you pay back the loan. When you sell an item at a pawn shop, you’ll be paid in cash and the pawn shop will take ownership of the item. Learn more about the differences between pawning and selling an item and each of their benefits by reading below, or visit Empire Loan at any of our stores in Massachusetts or Rhode Island to get some quick & easy cash today!

Benefits of Pawning Items For Cash Loans

Pawning an item at a pawn shop is one of the fastest and easiest ways to get the cash you need in just minutes! Simply bring an item of value to your local pawn shop where the pawnbroker will determine the amount of money they can offer you for a pawn loan based on a variety of factors. Here at Empire Loan, we offer pawn loans on almost anything that holds secondhand value: gold, silver, diamond, & platinum jewelry, watches, power tools, computers, gaming systems, other electronics, musical instruments, handbags, designer accessories, collectibles, memorabilia, and much more! For more information about the types of items you can use as collateral for a pawn loan at Empire Loan, visit our FAQs page, or contact us today! One of the primary advantages of pawning an item over selling it is that it still belongs to you and you can get the item back by simply paying back the loan and any interest that has accrued!

Benefits of Selling Items at a Pawn Shop

At many pawn shops, including here at Empire Loan, the alternative option to pawning an item and receiving a loan is to simply sell it. The process of selling an item at a pawn shop is similar to that of pawning an item: bring in an item that holds secondhand value and the pawnbroker will determine what they can offer you for it. The key difference between pawning and selling is that when you sell an item, the pawn shop will take full ownership of it and you won’t have the opportunity to get the item back. One benefit of selling an item rather than pawning it is that, depending on the item, you will get a bit more cash for it than you would with a pawn loan.

Contact Empire Loan!

If you have any questions about pawning or selling items for cash, please do not hesitate to contact our team at Empire Loan! With eight locations across Massachusetts and Rhode Island, we’re proud to be New England’s most trusted & reliable pawn shop! Contact us today at our store that is closest to you or call us toll free at +1 (800) 375-PAWN!

Closest Public Transit

Bus Route 2, Lunds Corner

Closest Public Transit

Bus Route 14 to Stoughton

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Route 11 Broad St.

All Empire Loan Locations Have
New Summer Hours Starting
May 25th through August 31st!

Monday – Friday: 9 a.m. to 6 p.m. Saturday & Sunday: CLOSED

All Empire Loan stores will be CLOSED on Saturdays for the summer!