How Long Do Pawn Shops Hold Items Before Selling?

Whether you are thinking about selling your item to a pawn shop or you are wondering how long it will take for your item to show up on the shelves, every pawn shop is going to be different. So rather than wasting your time, I will tell you the average amount of days a pawn shop will hold your item, but you’ll have to be sure to ask the pawn shop you plan to visit for their exact answer. 

How long do pawn shops hold items before selling them?

Every pawn shop is different, but on average, they will hold items for up to 30 days before selling them. But, that still depends on whether you are pawning the item or selling your item. If you pawn your item for a loan, the pawn shop may give you a grace period before they sell your item, but you’ll have to check with the individual pawn shop to find out for sure. Make sure to always try your best to pay off your loan as soon as possible to ensure it doesn’t get sold to another person. However, if you just sold the item to the pawn shop, you can plan on it being on the shelves within the next 30-40 days, sometimes longer. 

Why do pawn shops have to wait to sell items on their shelves after they buy them?

Lots of people use pawn shops as a way to make some quick cash, and that includes thieves. Because of this, the police require that every pawn shop has a waiting period. During this period, pawnbrokers take pictures of the item and account for any details that are not included in the photos. They then send the information into the database used by the police. Once the period is over, if they do not get anything from the police that indicates the item was stolen, they are free to sell it on their shelves. 

What happens to my item when I get a loan?

Getting a loan from a pawn shop is a lot different than getting one from a bank or anywhere else for that matter. When you get a loan from a pawn shop, you are giving up an item of value for 30 days until you can pay back the loan payment with interest. During the 30 days, the pawn shop will keep your item in a safe place until you return. However, if you do not return, the pawnbroker will be able to sell the item in their store for profit. But, if you are still interested in keeping the item and don’t want them to sell it on their shelves, the pawnshop will usually let you pay off the interest in return for another 30 days to pay off the loan at a later date. 

If you are interested in getting a loan from a pawn shop or selling an item for some quick cash Xtreme Pawn Shop is the place to go! Get cash fast and with easy to follow steps. We will do our best to give you an offer you're happy with. You can call us up at (801) 876-1768 or contact us online 

We have pawn shops in West Jordan and Lindon.

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