The Ins and Outs of Capital Pawn

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Whether you have been in a pawnshop before or not, you may not fully know how things work, but Capital Pawn is here to help you and give you a little insight. The ins and outs if you must.

Pawning your item
     How it works:

  • Pawnshops offer collateral based loans. You bring in an item and our expert pawnbrokers will evaluate the item and determine how much it is worth.
  • They will then offer you an amount for this said item, if you agree to it, you are then given a pawn slip with the details of your loan. This is a 60 day loan.
    • DO NOT LOSE YOUR SLIP! Not only does your slip contain the details of your pawned items, it also has your personal information, and is a $3 charge if lost.
    • By Oregon law, whomever holds the pawn ticket may retrieve your items from the pawnshop (the only exception being firearms).
  • Once the pawn has been repaid, your items will be returned to you. If you don’t repay the pawn, your items are forfeited and the pawnshop keeps them.
    • You can continue to bring back that same item for pawns as often as you would like and since it has been in the shop before, we will not have to research the item to determine a loan amount.
  • We love to loan on items of value, so here at Capital Pawn, just as there is no limit to how many times you may get money for one item, there is also no limit to the number of items you can have on pawn (loan) at any one time.

Buying your items
How it works:

  • Similar to a pawn, the item you bring in will be evaluated, researched, and given a value.
  • Buying your item versus pawning it may earn you more money due to the different time periods and the ever changing market.
    • Anything that is bought has to have a mandatory 2 week hold before being priced and put out for sale. The sooner it can be on the sales floor, the better.
      • Electronics and advancing technology makes older gadgets no longer desirable.

Below are examples of a fraction of what we purchase every day.

Pricing merchandise

How it works:

  • Once the item has finished its holding process, it is then “expired” and is ready to be added to inventory.
  • No matter what the item is, it needs to be re-tested (first time is during the evaluation process), cleaned, and researched to determine the best selling price for the same item in similar conditions.

Negotiations and Sales

  • We trade!
    • Example 1: If you have a handgun you don’t care for because it’s too big for your hand (or for whatever reason), bring it in unloaded and we will work to find a firearm that will work for you.
    • Example 2: If you have a 14k yellow gold ring with a 1/2 carat diamond and would like a bigger diamond in white gold, we will work to help you trade up to a larger diamond using your own ring as part of the trade in.
  • Cash talks! If you have a reasonable offer on something in our shop, we are willing to work a deal.
    • We are willing to negotiate prices with our customers, but understand we only have so much room to do so.
      • We cannot discount merchandise so much that we either lose money or break even.

Other options

IF for some reason we are not able to help you with your item, whether it’s too outdated or something we don’t have a market for, there are other options for you!

  • Sell your items on these sites:
    • Offer Up
    • Craigslist
    • Ebay
  • OR, we can give you a list of items that we do take that you may have laying around. The most popular are:
    • Gold jewelry
    • Firearms
    • Gaming consoles and games
    • Tools

We would love to help you out in any way that we can, call or stop in any time to let us!

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