What You Need to Know Before Taking Guns to a Pawn Shop

February 15, 2018 5:07 pm Published by Leave your thoughts

Have you ever been browsing through a pawn shop to discover numerous shelves housing a variety of previously owned guns? It’s not unusual to find guns for sale in Norwich, CT pawn shops—including handguns, rifles, shotguns and antique firearms—because many pawn shops are licensed to stock new, used and/or antique guns. That means they probably offer gun pawn loans to customers, too.

So that you’re not caught off guard, here are some of the most important things to know before you decide to bring your gun to a pawn shop:

  • A gun pawn loan is the same thing as a regular pawn loan: A gun loan from a pawn shop is not all that different from a regular pawn shop loan. To pawn something means you are given a cash loan based on the value of the item—in this case, your gun. In exchange for the loan, the shop will keep your gun as collateral in the event that you are unable to repay the loan within the agreed-upon amount of time. The other option is for you to sell the gun to the shop instead of pawning it.
  • Individual pawn shops decide which guns to accept: Will a pawn shop buy any type of firearm? The types of previously owned guns for sale in Norwich, CT pawn shops will vary depending on the preferences of shop owners, because every shop decides which kinds of guns they want to take and resell. But the general consensus among gun pawn shop owners is that everyone is looking for guns in good, functional condition.
  • There’s a best way to bring a gun to a pawn shop: First and foremost, call the pawn shop and ask if they accept guns for pawn. Have the gun in front of you while you’re on the phone in case they ask questions about it. Once you get confirmation that they do accept guns and are interested in yours, it’s time to bring it in. There is a best way to bring a gun into a pawn shop: unloaded and locked safely and securely in a gun case. Bring along your gun license and a photo ID. The shop will want to make copies and run a background check, and you should be prepared to pay fees for the loan service.
  • Check on your gun’s value: Of course you want to get the largest amount of money or pawn loan that you can for an item. So, just as you would when pawning a musical instrument, tool, piece of equipment or electronic device, check on the market value of your gun before taking it to a pawn shop. This way you’ll have numbers handy. The value will also depend on its condition and consumer demand.
  • You decide to pawn your gun: Before signing anything, make sure you completely understand the terms and conditions of the gun pawn loan offer. Also keep in mind that most shops typically require payment within a 30- to 60-day timeframe.

Are you searching for quality used guns for sale in Norwich, CT? Look no further than AZ Pawn & Guns. Call us for more information!

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