FAQ – Florida Pawn

Frequently Asked Questions

Florida Pawn has been helping residents of Hollywood and Margate, Fl with buying, selling, and pawning their items since 2010. We offer the highest price around guaranteed for gold, silver, jewelry, cars, motorcycles, boats, electronics, and more! Our experienced staff will help you by examining the items and then researching the going rates based on current prices to offer you an estimate to get you cold hard cash quickly. They will also help by explaining the reasoning behind your estimate and answer any questions you may have regarding the amount offered. They will go over the current gold and silver spot price, explain the number of carats in your precious stone, and why your car was valued based on its years and miles. Florida Pawn is the number one place to buy, sell, and pawn your items in Hollywood and Margate, FL.

What is a pawn loan?

Pawn loans are a quick and easy way to borrow money without a credit check or hassle. Loans are based on the value of your collateral, not your credit rating or pay schedule. A typical pawn loan has a term length of 30 days, plus a 30-day grace period. If you cannot pay your loan back in full, we offer extensions to give you extra time. You may also choose to surrender your collateral as payment in full.

What is an extension/renewal?

If you are unable to pay back your loan in full on its due date, you may get a renewal or extension, meaning that you pay the interest that has accrued on your loan in full and the new due date is set. The principal loan amount remains the same, as does the interest rate. If you’d like, when you pay the interest, you can pay additional money down on the principal. This will allow you to renew the loan for a lesser amount. You may extend the length of your loan as many times as you wish.

Will I lose my goods?

Most of our customers repay their pawn loans and pick up their items. If a customer chooses not to repay the loan, the collateral items are forfeited and are accepted as payment in full. Some customers though choose to sell their unwanted items rather than get a loan.

How do you determine how much an item is worth?

The loan amount is based on the current value of your item. Item’s condition, market value, and our ability to resell the item all play a role in determining the price. Our highly trained associates will use all research tools at hand to evaluate the item’s value and get you the cash you need or the most they can.

We also test all items for their performance. General merchandise is visually inspected and then tested by plugging it in and turning it on. Accessories such as remote controls and original cables all add to the value of an item.

Can you pawn the same item twice?

Absolutely! Pawning the same item twice actually saves time because we know the item since we have accepted it before to help get you money in tight situations. We will review to make sure that everything is still working with it if it is an electronic device, but you will be saving us time by using the same item twice for a pawn.

Do you get more money when you pawn or sell?

This all depends on the item. It may help to understand the difference between selling and pawning your item. Once you bring it to Florida Pawn, our experienced professionals will inspect it and place a value with it. If you sell it you will take the cash, walk away, and the item(s) will be ours to resell. If you wish to pawn it for money, you will have to accept the terms and conditions, and we will get you the cash with the expectation that you will make the payments and collect the item(s) when finished. Should you decide not to make the payments, we will then keep the collateral for reselling purposes.

Visit Florida Pawn in Hollywood or Margate

Whether you need to pawn or sell your items, Florida Pawn is the shop to visit to get the highest amount possible. We deliver cold hard cash for your computers, cars, gold, silver, jewelry, diamonds, boats, and more! You can also visit either our Hollywood or Margate, FL pawn shops to buy these types of items as well. We only purchase the best items so you can be sure that we only carry quality jewelry, electronics, vehicles, and more! We are open 6 days a week for your convenience, and with no credit check required, you can get these loans quickly. Everyone gets in a financial pinch, and we want to help you get out of it. Visit us today for assistance!

Is buying gold a good idea?

Absolutely! Gold has maintained its value throughout the years, unlike its paper currency counterparts. The value of gold has actually gone up in the past while the U.S. dollar dropped. When the dollar starts to drop in value, traditionally people have entrusted their wealth of gold. It tends to perform in an opposing manner. Gold, as with any other investment in your portfolio, has had hard times, but in the long term, it has held its value longer than any other paper investment.

How do you sell gold?

Simply bring in your gold items to our Hollywood or Margate, FL locations and our team of specialists will value them and provide you with an estimate based on the current going rates for gold on the national scale. If you agree to this estimate, Florida Pawn will then hand you cash for your items.

Are gold coins worth buying?

Gold coins carry a lot of risk when purchasing. There is always the issue of not getting what you paid for from the dealer, you could pay more and sell less than their worth. It is best that you thoroughly do your research before purchasing these coins. Not only should you research the coins themselves, but the dealer as well. You should also pay attention to the collector value vs the bullion value to make sure you are purchasing for the proper investment strategy.

How do I get the most out of selling my jewelry?

Florida Pawn offers these tips to make sure that you get the most for your pieces possible. You clean all of your jewelry before coming in with them. You can do this either with a store-bought cleaner designed specifically for jewelry and precious stones. You can also have them professionally cleaned. If you are still in contact with the store where they were initially purchased, many of them do this for free. If you have any receipts, previous appraisals or estimates, or the original box it where it was stored, this will help add value to your piece. Following these steps will ensure you get the best price offered in the Hollywood and Margate, FL area when selling your jewelry.

Can I get an estimate over the phone?

Unfortunately, we would need to see your jewelry pieces and stones to examine them firsthand to be able to offer you a price at Florida Pawn. There are far too many variables involved with buying and selling jewelry to be able to give you an accurate estimate of your pieces. We can guarantee that we can provide you the best price in Hollywood and Margate, FL.

Do you buy personalized jewelry?

Florida Pawn will evaluate and offer an estimate of any gold or silver pieces that you own when you decide to sell your jewelry. Sometimes things don’t work out between two individuals that had their jewelry personalized, and they want to get rid of it. We understand, and as long as it was made of quality precious metals, we would be happy to offer you the best price possible for it.

What electronics do you accept at Florida Pawn?

Phones
TV’s
Computers
Laptops
iPads
Cameras
iPods
Stereos
And more

Do I need my ID to sell products?

Whether you are looking to sell your electronics or pawn them, you will need to have a state registered ID when doing so at Florida Pawn. We will keep this on file as a way to protect ourselves against purchasing stolen items. So, if you are a thief, it may not be a good idea to sell to either of our locations in Hollywood or Margate, FL. We work closely with local law enforcement to ensure capture and returning items to the rightful owner. Providing your identification will make sure that you can get fast cash in your hands for your products.

How much do pawn shops pay for electronics?

How much you receive for your used electronics is a case-by-case basis. Each item holds value based on year made, OS version, working function, cleanliness, and more. You can ensure you get the best value possible, providing it works, has all parts required for functioning, and any accessories you may have picked up in your ownership of it.