To Pawn or Sell Your Jewelry in Orlando
Pawnshops have come a long way from the dark ages when they were in bad neighborhoods and had questionable characters that owned them. Getting a short-term loan on your jewelry items can be a lifesaver for many folks. Selling your jewelry is a good idea if it's going to be 6 months or more before you get right with your finances. But if you ever want to replace your jewelry or watches down the road, it could be more costly than if you took a loan out and got them back with the interest charges added…
I get asked this question at least a couple times a week. The most important factor is, do you have a sentimental attachment to it? Is it something that can be replaced down the road?? How long will it take me to have the funds to get redeem it???
If your item was passed down from someone in your family, then pawn it and make sure you set aside some money each week so you can pay it off. If you bought a Rolex watch say for 5000 and you need money now, sit down and try to guesstimate how long it will take you to get it back. If its more than a couple months, then you might want to sell it and buy one again down the road when you can afford it. The interest can add up quickly and end up costing you more in the long run.
Florida law allows pawnshops to charge 25% interest per month. We never charge that much to our clients and we pay more than a pawn shop that does not have the knowledge in the jewelry business that we do.
Do you need a collateral loan in the greater Orlando area? Stop by and get a low interest loan today. We provide loans for diamonds, scrap gold, platinum, silver coins. We specialize in jewelry loans and always pay full value loan price. If you are in need of quick cash, please stop by our Orlando store for a free evaluation. Some items we provide loans for are diamond engagement rings, Cartier, Breitling, Patek, Hublot, Chopard, Rolex watches, fine watches and jewelry pieces. We also will loan top dollar on Tiffany & Co., David Yurman, John Hardy and other designer names.
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.