Pawn shops usually pay between 30% to 60% of a tool’s resale value. For common tools, this means you can expect offers ranging from $50 to $500. The final payout depends on factors like the tool’s brand, condition, and model. High-end brands or tools in excellent condition will typically fetch the higher end of this range, while more basic or worn tools will bring in less.
Tools You Can Pawn With Ease
Certain types of tools are more likely to be accepted at pawn shops due to their consistent demand. Pawn shops often favor tools that are in good condition, come with accessories, and are from reputable brands. This makes these items easier to resell, ensuring a good payout for the seller. These include:
- Power Tools
- Hand Tools
- Lawn & Garden Tools
- Specialty Tools
How Much Can You Expect to Get for Tools at a Pawn Shop?
Power Tools
Power tools are one of the most frequently pawned items because of their versatility and high resale value. Depending on the brand, condition, and any included accessories, you can expect to receive between $25 and $200 for a power tool. Brands like DeWalt, Milwaukee, and Bosch often fetch higher prices, especially if the tool is relatively new and in working order.
Hand Tools
Though not as valuable as power tools, hand tools can still provide a decent payout at a pawn shop. Individual hand tools may bring in between $5 to $50, but full toolsets tend to command higher offers. The condition and completeness of the set play a key role in determining the final price, with well-maintained sets generally fetching more.
Lawn and Garden Tools
Lawn and garden tools, such as lawnmowers, trimmers, and chainsaws, are popular items for pawn shops, especially during peak seasons. Depending on the brand, model, and condition, pawn shops may offer anywhere from $50 to $400 for these tools. High-quality equipment in good working order will usually land you a better price, especially if it comes with accessories.
Specialty Tools
Specialty tools, such as plumbing or automotive tools, often bring in higher offers due to their professional-grade quality. You can expect to receive between $50 and $500 for these types of tools, depending on the brand and condition. Specialty tools that are rare or have a specific use tend to be valued more because of their niche market demand.
How Pawn Shops Determine the Value of Tools
Pawn shops use several criteria to determine the value of tools. Below are key aspects that pawn shops consider when assessing the value of tools:
- Brand and Model
Top brands like Bosch, DeWalt, and Milwaukee command higher prices at pawn shops due to their reliability and strong market reputation. Newer models of these brands tend to fetch the best offers. - Condition
Tools in excellent working condition receive higher offers. Significant damage, rust, or missing parts decrease value. Pawn shops prioritize well-maintained tools that require little to no repair for resale.
- Age
Newer tools are worth more due to updated features and better functionality. Older tools may receive lower offers unless they are rare or vintage, in which case value can sometimes increase.
- Market Demand
Tools in high demand due to seasonality or popularity will fetch higher offers. Low demand, however, results in lower payouts as the resale potential decreases for the pawn shop.
- Accessories and Completeness
Complete tools with accessories like batteries, chargers, or cases are more valuable. Missing components can significantly lower a tool’s price since they affect its overall usability and resale appeal.