Cash Loans/Pawns on Jewelry
A great alternative to selling your jewelry items is to borrow money against them. When you have a sentimental item that cannot be replaced, why not get a short-term loan on it. We have been loaning money for 28 years and will loan you almost as much as I would buy it for. We are not a pawnshop that deals in everything. All I loan money on is on diamonds, jewelry, engagement rings and fine watches such as Rolexes. Here is a great article that I found on the net that is interesting reading.
- Appraisals are usually low; a pawnshop loan is typically about 30% – 50% of what a broker expects to receive if he/she has to sell the item. Jewelry is usually appraised at wholesale value, guns at about 60% of blue book value, electrical appliances at only 10% – 30% of their original cost. For example, if you pawn your $6000 diamond ring, the loan you get may be as low as $200.
This where I am different from pawnshops. I have 28 years of selling jewelry in Orlando. I have an established clientele that are always looking for nice watches and diamonds. I have the knowledge to pay you top dollar and I have very competitive rates.
Remember, if you need the money short term, a cash loan can be a lifesaver. But be realistic, if it is going to be 6 months or more before you will have the money to redeem your item then you might just consider selling the items so the interest does not become to much for you to handle.
Do you live in the Orlando area and have high-end jewelry to use for a pawn loan? Did you know we have variable rates as low as 5%! Contact us today for a free appraisal.