Guide to Pawning Your High-End Handbag in Woodland Hills
Want to pawn your high-end handbag in Woodland Hills? Look no further than Maxferd’s in Woodland Hills, Los Angeles’ premiere pawn shop for designer bags and other luxury items.
We know that pawning your elegant handbag is not an easy decision. However, if you need a fast short-term collateral loan, pawning your high-end bag is one of the best ways to secure cash without delay.
Our Woodland Hills pawn shop makes getting a pawn shop loan a pleasant, stress-free experience. We bend over backward to meet your expectations and will give you our expert evaluation of the bag you want to pawn.
Read on to learn:
- Why our Woodland Hills pawn shop is the best place to pawn your designer handbag
- How the process of pawning your handbag works
- Tips on what you can do to get the best deal
Why Pawn Your Designer Handbag at Maxferd Woodland Hills?
1. Convenient Location
We are conveniently situated at 20930 Ventura Blvd. (at the corner of Ventura and De Soto). If you work or reside in Woodland Hills, it is likely the closest of our Los Angeles pawn shops.
2. Transactions Are Confidential
Besides reporting transactions to law enforcement, as required by law, we do not divulge your personal information or transaction details to anyone. We respect your privacy, so nobody will know if you get a loan from us unless you tell them.
3. Safe From Scammers
There are many pawn shop myths, but contrary to what some people believe, pawn shops do not wish to scam anyone. In fact, pawn shops are one of the most regulated industries in the United States.
At Maxferd Woodland Hills, we want our customers to have a good experience when visiting us so they will return when they need another pawn shop loan and refer their friends.
4. Free Evaluations
We have many years of experience dealing with high-end handbags, so our in-house experts know and understand the luxury handbag market very well. There’s no risk in bringing in your luxury handbag for a free no-strings-attached evaluation.
5. Feel Free to Negotiate
If you are not satisfied with the amount we can lend you, you are welcome to negotiate with us. We will never pressure you to accept our offer if you are not comfortable with the amount you will receive.
6. No Waiting
At Maxferd Woodland Hills, you can get a collateral loan the same day you bring your high-end handbag to us. We approve most loans within the hour.
How to Pawn Your Designer Handbag at Maxferd Woodland Hills
Pawning your luxury handbag is a quick and easy 5-step process.
Step 1. Come in for a quick over-the-counter evaluation of your handbag.
Step 2. Receive your verbal quote in minutes.
Step 3. Provide valid identification, such as your driver’s license or ID card. We also need to take your thumbprint as required under CAPSS (California Pawn & SecondhandDealer System).
Step 4. We write your loan, print your contract, sign it, and send you home with a copy for your records.
Step 5. We safely store your handbag and can pay you cash, by wire transfer, or by check.
How Much Can You Borrow Against Your Designer Handbag?
The amount we can lend you depends on how much we could reasonably get for your handbag should you default on your loan agreement.
We will determine the market value of your handbag – the price at which it would sell in a competitive auction – before making you an offer.
Note: We cannot lend you the market value as we carry all the risk.
We take the following factors into account when determining the value of your designer handbag and how much we can lend you:
- Demand – How popular is your handbag?
- Condition – Does it look used, show a lot of wear and tear, or is it in pristine condition?
- Completeness – Do you still have the original accessories it came with when you initially purchased it?
- Brand recognition – Is it from an established, well-known brand?
The top designer handbag brands include:
- Bottega Veneta
- Saint Laurent
- Paco Rabanne
- Christian Dior
- Louis Vuitton
The resale value of high-end handbags can change over time depending on market trends. However, three brands known to retain their value in the long-term are Chanel, Hermès, and Louis Vuitton. This is particularly true when it comes to:
- Chanel Classic Flap Bag
- Chanel Boy Bag
- Hermès Birkin
- Hermès Kelly
- Hermès Evelyne Bag
- Louis Vuitton Neverfull
- Louis Vuitton OnTheGo Tote
Tips for Pawning Your Handbag to a Pawn Shop
#1. Clean Your Handbag – A clean handbag makes it easier for a pawnshop to notice potential problems and shows you take care of it.
#2. Include All Accessories – If you have any accessories, packaging, or receipts, bring them with you when you pawn or sell your bag.
#3. Establish the Value of Your Bag Beforehand – It is good to have realistic expectations of the value of your handbag before visiting a pawn shop. It might also help you negotiate a better deal.
Here are two ways to help you establish the market value of your designer handbag:
- Sold Listings on eBay
Search for your handbag on eBay. Find the “Show only” heading and tick the “Sold Items” block. It will show you recent sales and how much they fetched.
LiveAuctioneers.com has a database with more than 29 million results of what items, including luxury handbags, are sold for on auctions.
#4. Negotiate – Pawn shops are one of the few places where you can try to negotiate a better deal.
#5. Choose the Right Pawn Shop – By choosing a pawn shop that deals in designer bags like our Woodland Hills pawn shop, you are more likely to get an offer for your handbag.
Should You Sell or Pawn Your Handbag?
Pawning your handbag is not always the right decision for everyone. If you are no longer attached to it or feel you won’t be able to settle your loan, it might be better to simply sell it instead.
For more information on selling your high-end bag, read our ultimate guide to selling your luxury handbag to a pawn shop.
That’s a Wrap
We hope you now have a good idea of:
- Why Maxferd Woodland Hills is the best place in Woodland Hills to pawn your handbag
- How the process of pawning it works
- What you can do to get the best deal
At Maxferd, our team of in-house professionals have decades of experience evaluating high-end handbags. After over a century of operating across California, we have built a strong reputation for offering our customers fair collateral loans for the items they bring us.
If you have questions about a handbag you want to pawn or have evaluated, please do not hesitate to contact our pawn shop in Woodland Hills for more information.