I went to a few pawn sops and noticed the prices on the item are almost the same as a new item. Who in there right mind would pay a new price for a old beat up item, HOW do they make their profit with such items never selling?
2006-08-04 14:16:17 · 7 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Ebay, lol
2006-08-04 14:19:44 · answer #1 · answered by d.hazwell 2 · 0⤊ 0⤋
people have to pay interest to get their items back or if they don't have enough money to get it out on time they have to pay a fee which after a while adds up. and sometimes you can find good stuff at pawn shops
2006-08-04 21:23:25 · answer #2 · answered by fmfcorpsmenrsexy 3 · 0⤊ 0⤋
They give you garage sale prices when you sell it to them and they sell it to you for regular price....I really don't think they make money because I've never really seen people buying stuff in there. I imagine they can make a little bit on jewerly....there's probably a spouse somewhere earning the other half at mcd's. ????
2006-08-04 22:02:07 · answer #3 · answered by hambone1985 3 · 0⤊ 0⤋
i don't know if its true but i heard that they are removing some of the gems in your jewelry like if you pawn your necklace then you got it back you'll notice that some of the gems will be missing
2006-08-04 21:31:00 · answer #4 · answered by tolits 2 · 0⤊ 0⤋
They buy low and then sell at retail.
2006-08-04 21:22:21 · answer #5 · answered by MPL 2 · 0⤊ 0⤋
The interest on the loan if you redeam it.
2006-08-04 21:23:30 · answer #6 · answered by Anonymous · 0⤊ 0⤋
They give you zilch for it when you pawn it..
2006-08-04 21:20:28 · answer #7 · answered by Gizmo 4 · 0⤊ 0⤋