Pawning watches can be a great way to raise cash quickly and simply through a pawn shop loan. Florida Pawn offers competitive and fair pawn shop loans for a wide range of items including watches to help people to raise the cash they need without needing a home as collateral, without it impacting their credit rating, and without having to sell their possessions.
Why choose to pawn watches?
Watches are an ideal item to pawn as they are highly desirable items that can hold a lot of value even when they are second hand. Certain brands can also increase in value due to their rarity and desirability so they don’t just hold their value but can be investment pieces. If you have a piece like this you probably wouldn’t want to sell it, but wouldn’t mind being parted from it for a short period of time in exchange for a loan.
Which watches are we interested in?
We are interested in a wide variety of watches as long as they hold enough value for a loan. This includes designer watches and desirable brands whether they are new or old and even inherited watches.
The best way to find out whether your watch is suitable for a pawn shop loan is to visit one of our two stores and get an appraisal to see what your watch is worth and get a loan offer.
How do we assess a pawn watch’s value?
There are many things that we need to examine on watches which increase if the watch is of a higher value or a designer watch that could be a fake. These types of watches will undergo additional assessment where we will compare the watch against known factors about the watch such as the materials it will have been made from, the quality of the finish and any engravings. We will also look at the serial numbers and want to see proof of purchase/provenance of the watch.
Most watches, however, we will be looking at them to see what make and model they are to see how rare or desirable they might be, the materials it is made with and the condition of the watch to see if there is any damage that would impact the value.
How do I pawn my watch?
Pawning your watch is simple, you just need to bring it to one of our two stores in Hollywood or Margate so one of our trained professionals can complete an assessment of the watch and compile a competitive loan offer for it. Once you have considered the loan offer and accepted it we will take the watch and store it securely for the length of the loan. You can repay the loan and get the watch back at any point during the loan term, and if at the end of the term you haven’t repaid the full amount, you should speak to us about extending the term.
So don’t delay, visit either our Hollywood or Margate stores today to see how much we can offer you for your watch.