Although many people see pawn shops as stores that specialize in selling used merchandise, they make most of their money from loans in items used as collateral. When people default on these loans, their items become the shop’s property. Most pawn shop merchandise is made up of these items, and shop owners typically want to clear them out as quickly as possible. This is why things such as sporting goods and tools are priced so low even when they’re still in great condition.
There is a stigma among some people against buying something that’s been used, as if it couldn’t be as good as something brand new. While there is some implied risk when it comes to buying anything that was previously owned, we will never sell defective or damaged merchandise. A pawn shop’s primary method of income may be from loan interest, but it still needs to serve customers who are looking to make purchases at reasonable prices.
>If you’re in the market for any summer vacation essentials, come over to Eureka Pawn Shop to see what we have to offer. No matter what you’re looking for, chances are that we will have it in great condition at a very low price.