Guide to Pawning Your Luxury Watch in Lawndale
Are you thinking of pawning your luxury watch in Lawndale? Maxferd’s Lawndale pawn shop is the best place to go!
Pawning your high-end watch to get a collateral loan so you can fulfill other obligations is not something any watch collector wants. However, at Maxferd, we understand how life can throw anyone a curveball, resulting in cash flow problems.
That is why our Lawndale pawn shop makes getting a pawn shop loan fast, easy, and convenient. We always do our best to meet customer expectations based on our professional evaluation of the watch they want to pawn.
Read on to learn:
- Why our Lawndale pawn shop is the right place to pawn your designer watch.
- How to pawn your watch with as little hassle as possible.
- What you can do to get a good deal.
Why Pawn Your Luxury Watch at Maxferd Lawndale?
The top reasons for pawning your designer watch at our Lawndale pawn shop are:
1. Convenient Location
Our shop is conveniently located at 16510 Hawthorne Blvd. (corner of Hawthorne Blvd. and 166th St.). If you live or work in the area, it’s probably closer to you than our other Los Angeles pawn shops.
Besides reporting transactions to law enforcement, as required by law, pawn shops do not disclose the identities of customers to other parties. Whatever your reasons are for pawning your high-end watch, nobody will know unless you tell them.
3. Safe From Scammers
Some people still believe the many pawn shop myths in circulation, although they have been debunked many times. Pawn shops are one of the most heavily regulated industries in the United States.
Maxferd Lawndale has been in business for many years, and we are not going anywhere. We never run away or hide from customers.
4. Free Evaluations
Our Lawndale pawn shop has extensive experience dealing with fine watches and has in-house experts that know the ins and outs of the luxury watch market. We offer a free evaluation on any watch you want to pawn.
5. We Are Open to Negotiate
The friendly and helpful staff at our pawn shop in Lawndale are more than willing to negotiate with you on the loan amount we can grant you. But do understand that it’s based on the value of your designer watch. We never pressure customers to accept an offer.
6. Fast Loan Approval Process
If you want to pawn your designer watch, you can get a collateral loan the same day you bring it to us. It typically takes us less than an hour to complete the process.
Pawning Your High-End Watch
Pawning your luxury watch at our Lawndale pawn shop requires five easy steps.
Step 1. Come in for a quick over-the-counter evaluation of your watch.
Step 2. Receive your verbal quote in minutes.
Step 3. Provide valid identification, i.e. driver’s license or ID card. We also need to take your thumbprint as required under CAPSS (California Pawn & SecondhandDealer System).
Step 4. Your loan is written, and your contract is printed for you to sign and keep.
Step 5. Your watch is safely secured as you receive payment in cash, by wire, or check.
– No credit check.
– Won’t be reported if you can’t repay your loan.
How Much Can We Lend You for Your Designer Watch?
We base the value of your watch on its market value.
Pawn shops always try to establish the market value of a watch – the price at which it would sell in a competitive auction – before making you an offer. Understand that we cannot lend you the market value as we carry all the risk and need to protect our interests.
Factors that determine designer watch value include:
- Demand – How popular is the watch?
- Condition – Is it in good condition, or does it need repairs?
- Completeness – Does it come with its original box, packaging, and paperwork?
- Precious metals and gemstones – Does it contain precious metals and gemstones?
- Brand – Is it a well-known, respected brand?
The top luxury watch brands include:
- Patek Philippe
- Audemars Piguet
- Glashutte Original
- A. Lange & Söhne
- Jaeger-LeCoultre (JLC)
- IWC Schaffhausen
- Vacheron Constantin
- Ulysse Nardin
- TAG Heuer
Tips for Pawning Your Watch in Lawndale
Here are some helpful tips that might help you get a bigger loan:
#1. Clean Your Watch
A clean watch creates a better impression and looks like you care about it.
#2. Replace Flat Battery
A watch that is not working, such as one with a flat battery, can create the impression that you do not look after it. It can be a potential red flag that you may not settle your loan as your watch is not important to you.
#3. Include All Accessories
If you still have the original box and papers, such as the warranty and receipt, a pawn shop might be willing to lend you more for your watch.
#4. Find Out What Your Watch Is Worth
Knowing the approximate value of your watch can give you more realistic expectations on what to expect for it. And it can potentially help you to negotiate a better deal.
Here are two easy ways to help determine the value of your designer watch:
Sold Listings on eBay
Search for your watch and model 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 high-end watches, sold for on auctions all over the world.
#5. Choose the Right Pawn Shop
Not all pawn shops specialize in luxury watches. Approach one that does.
Note: Maxferd’s Lawndale pawn shop specializes in fine watches.
Selling vs Pawning Your Luxury Watch
Pawning your high-end watch is not always the right option. If you are no longer attached to it and want to use the money for something else, sell it.
For more information, read our ultimate guide to selling your luxury watch to a pawn shop.
That’s a Wrap
We trust you now have a good idea of:
- Why Maxferd’s Lawndale pawn shop is a good place to pawn your luxury watch.
- How the process of pawning it works.
- What you can do to get the best deal.
Our Lawndale pawn shop has the knowledge, experience, and expertise to determine the value of designer watches. And we have a solid reputation of offering customers fair collateral loans.
If you have questions about a watch you want to pawn, or have evaluated, don’t hesitate to contact us. We look forward to assisting you.