Guide to Pawning Your Luxury Watch in Woodland Hills
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If you live or work in or around Woodland Hills, Maxferd’s Woodland Hills pawn shop is the best place to go if you want to pawn your luxury watch!
Pawning your luxury watch to get money so you can cover unplanned expenses might not be something you want to do. But fortunately, it is a quick and easy way to get a short-term loan.
Our Woodland Hills pawn shop helps customers secure pawn shop loans by accepting high-end watches as collateral. We strive to meet your needs based on our professional evaluation of the watch you want to pawn. And we keep the process as simple as possible.
Read on to learn:
- Why our Woodland Hills pawn shop is the right choice for pawning your designer watch.
- How quick and easy it is to pawn your watch at our Woodland Hills pawn shop.
- Tips on what you can do to get the best deal.
Why Pawn Your Luxury Watch at Maxferd Woodland Hills?
The top reasons for pawning your designer watch at our Woodland Hills pawn shop are:
1. Convenient Location
We are conveniently situated at 20930 Ventura Blvd. (corner of Ventura and De Soto). If you work or reside in Woodland Hills, it is the closest of our Los Angeles pawn shops.
2. Transactions Are Confidential
Besides reporting transactions to law enforcement, as legally required, we respect your privacy and won’t disclose your identity to other parties. Your reasons for pawning your designer watch are your own, and nobody will know unless you care to tell them.
3. Safe From Scammers
Pawn shops are one of the most regulated industries in the United States.
We value our reputation as a highly ethical and respected pawn shop and believe in building long-term relationships with our customers.
4. Free Evaluations
We have significant experience dealing with high-end watches and have in-house experts who know and understand the luxury watch market. We do not charge for evaluations.
5. Feel Free to Negotiate
Maxferd Woodland Hills is more than willing to negotiate with you on the amount we can loan you. But it is important to understand that we base it on the value of your designer watch. We will never apply pressure on anyone to accept an offer.
6. Fast Loan Application Process
Getting a collateral loan is a fast and easy process that typically takes less than an hour to complete.
The 5-Step Process of Pawning Your Watch
Pawning your luxury watch at our Woodland Hills pawn shop is a quick five-step process.
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 You Borrow From Us?
We base the value of your watch on its market value.
We determine the market value of your designer watch – the price at which it would sell in a competitive auction – before making you an offer. However, 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:
- Precious metals and gemstones
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 Woodland Hills
Our best tips on how you might get a bigger loan are:
- Make sure your watch is clean and presentable
- Your watch should be in good working condition
- Include any watch accessories you might have
- Do not be shy to negotiate
- Choose a pawn shop that specializes in high-end watches
- Try to determine beforehand how much your watch is worth
Two easy ways that might help you determine the value of your designer watch are:
1. 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 luxury watches, sold for on auctions all over the world.
Selling vs Pawning Your High-End Watch
Pawning your high-end watch makes sense if you only need a short-term loan and want it back after repaying your loan. But if you no longer want it, consider selling it.
If you want to sell your watch, look at 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 you can confidently pawn your luxury watch at our Woodland Hills pawn shop.
- How the process of pawning your watch works.
- What you can do to get the best deal.
Our Woodland Hills pawn shop has the experience and expertise to determine the value of your luxury watch and offer you a fair amount for it.
If you have questions about a watch you want to pawn or have evaluated, don’t hesitate to contact us. We stand ready to assist you.