Guitar owners are a special kind of person. Once they start playing, they never seem to have enough guitars or accessories. But, sometimes, life happens, and guitar players need to pare down their collection due to a move or for some quick cash. Whatever the reason, if you are a guitar owner and are thinking of pawning or selling your guitar at your local pawn shop but are not sure where to start, Central Mega Pawn has you covered. Keep reading to find a guide to getting the most for your guitar at your local pawn shop.
If you are new to working with your local pawnshop, you should know a few things beforehand. For one, a pawnshop can only make loans against or buy items that they can resell. This means that you may not get the full amount that you are expecting. Generally, count on an offer of about 40 – 60% of your guitar and gear’s going rate, unless it is a rare specimen.
Also, every pawnshop is a reflection of the community it serves, which means that demand for guitars will be a factor in how much your pawnbroker will offer, or if they will even accept it at all. Some guitar brands can also command a higher price due to their popularity or reputation for quality, while other brands are generally avoided. Popular guitar brands include but are in no way limited to:
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Finally, pawnshops are in the business of making collateral-based, short-term loans. This means that your loan is secured by an item of value – in this case, your guitars. When you take out a pawn loan, your pawnbroker will hold on to your guitar until you repay your loan. If you do not repay, the pawnbroker takes possession of your guitar and sells it to recover the amount.
When it comes to reaching a price, feel free to negotiate with your pawnbroker. However, be sure to have realistic expectations. We will go over how to figure out a fair price a little later.
Pawning your guitar and gear is an excellent option if you need a quick, safe cash loan. Pawn loans are one of the safest kinds of loans out there. Pawn loans do not put your credit score at risk, and they do not trap you in a vicious cycle of debt like other sources of loans, such as payday advances.
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Even better, you can get your guitar back when you pay your loan back on time, which is excellent news if you are not entirely ready to part with your instrument or gear just yet. Your guitar and guitar gear can be a source of quick cash whenever you need it.
Selling your guitar and gear to your pawn shop is an excellent alternative to selling online through Craigslist or Reverb websites. When you sell to a pawn shop, you get your cash in hand in minutes, unlike selling where you will have to create an account at the website, take and post photos, then deal with picky buyers who will try to lowball you, then risk your safety by meeting in public for the handoff. Selling to your local pawnshop is quick and easy.
Pawning or selling your guitar and guitar gear is a personal decision. If you are not ready to let go of your guitar forever, a pawn loan may be your best option. If you just need the most cash possible for your gear, selling may be the way to go, as on average, a pawnbroker can offer a little more money when you sell. However, you will not get your gear back when you sell, which may be a concern if you plan to keep using your guitar, either to play or to use again and again for a pawn loan.
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Pawnshops are members of your community. As such, they want to make connections with their neighbors and support them in times of need. Visit us today to see how we can help you get a fair price for your guitars and guitar gear.Whether you need an affordable instrument for your child’s music lessons or are looking to pick up a new hobby, the team at Geauga Pawn and Alliance Loan Company is here to help. Located in Newbury & Alliance, Ohio, our pawn shops have been serving the community for over 30 years. With guitars, drum sets, horns, and more, we offer a wide selection of quality musical instruments at both locations.
Perhaps you have an instrument you don’t play anymore, or maybe you’ve recently upgraded to a better model. If you have a gently used instrument, consider selling or pawning it at one of our pawn shops. We deal in clean and well-made instruments including but not limited to:
We also purchase guitar accessories, such as amplifiers, guitar pedals, and gig bags. Our friendly and professional team can help you find the instruments and equipment you’re looking for and can guide you through our process if you have an instrument you’d like to sell or pawn.
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At Geauga Pawn and Alliance Loan Company, all items we consider must be owned by the person trying to pawn or sell them. Please note:
A team member will evaluate your items in front of you and offer a fair cash price. We do our very best to give our customers the best price we can.
Whether you are buying, selling, or pawning, we’re a great option for dealing in musical instruments including guitars, drums, flutes, violins, and more. With two pawn shop locations serving the Ohio communities in and around Geauga and Stark County, our goal is to provide great customer service with every transaction.
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You can follow us on Facebook to see our latest featured products for sale. Our pawn shops are regulated and licensed by the Ohio Department of Commerce (License # PB100167.000). For more information, contact Geauga Pawn and Alliance Loan Company today.So you are thinking about pawning your instrument for some cash. Well, you’ve come to the right place. Sportsman’s Pawn Shop is a great place to get loans from your old instruments. If you don’t already know, the word pawn is defined as an object left as security for money lent. There are several cases where someone doesn’t want to give up an item but they need cash fast. That’s where pawning comes in. Instead of giving up their item, they leave it at the shop in exchange for cash and leave it there until they are able to pay off their loan. The pawn shop is not allowed to sell the item unless the owner refuses to make payments on their item. In which case they forfeit the item. Not only do we pawn old instruments, but we also buy and sell them, so if you are looking for an upgrade, and if you are interested in starting a band and need some instruments, check out our stalk first. While we may not have as many new editions, we have a large variety of instruments in good condition. But, on the topic of pawning here is a short list of the different instruments that we’ll accept in exchange for a loan.
We pawn all sorts of brass instruments. Brass instruments are instruments made with brass or metal and make a sound when air is blown inside of them. Some of these instruments include the trumpet, tuba, trombone, french horn, bugle, and cornet.
Guitars are one of the most commonly pawned instruments out of the whole bunch. They are super popular and worth a lot of cash, making them a perfect pick for a pawn. We accept all sorts of guitars as well as bass guitars, acoustic guitars, electric guitars, ukuleles, and the banjos.
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We also accept percussion instruments. These instruments are ones that make music when they are hit or when they are shaken or scratched, such as drums, tambourines, maracas, cymbals, triangle, chimes, xylophone, and much more.
Much like guitars, drums are a trendy instrument making them perfect for pawning for some cash. Some of the drums we accept include the bass drum, snare drum, Djembe, goblet drum, banjo drum, floor tom, conga, drum sets, and much more.
If you are looking to get a quick loan, pianos are a perfect fit for the trade. Not only do they cost a lot of money, but they are widely valued among the community. Any type of piano can be accepted for a loan as long as it is in good condition and works.
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String instruments are great to exchange for a loan. String instruments are instruments that make music from strings. These instruments include a guitar, harp, cello, violin, viola, and dulcimer.
You can also use woodwind instruments to pawn. These instruments make music when wind is blown across the edge, between a reed and surface, or between two reeds. These instruments include a flute, piccolo, Basson, recorder, clarinet, and oboe.
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