Pawnshops: Hotspot for Smart Shopping and Fund Raising

Thursday, April 23, 2015 | 8:54 pm

It’s time to ditch your preconceived notions about pawnshops and find out why there’s actually a lot more than meets eye. We list down reasons pawnshops are hip, happening, and helpful.

First of all, let’s define what a pawnshop is: It’s a place where a person can ask for loan using his personal property as a collateral. While the pawnshop’s core function is loaning money, it also serves other purposes, like a shopping center for folks who want to get a bang for their buck.

At pawnshops, you can buy loads of stuff, ranging from the mundane to the luxurious. If you’re looking for tools that you need for a home improvement job, then head straight to the pawnshop. Why buy expensive and brand-new tools that you won’t get to use often anyway? Scoring secondhand tools from pawnshops is the way to go.

Of course, when it comes to jewelry, we suggest you consider going to the pawnshop first before heading to the department store. Why? Pawnshop jewelry prices are usually about half of the retail price! Sure, they’re used and pre-loved, but jewelry pieces like diamonds do not depreciate and retain their value throughout time.

When you need to raise money for short-term projects or emergencies, there’s always a pawnshop to accommodate you. All you need to do is look for something to pawn (jewelry, TV, laptop—all in perfect condition, of course) and get the money. Tip: Make sure you keep the pawn ticket and pay your loan before or on the due date, so you can get your pawned item back.

One trusty pawnshop to go to in Pasadena is the Crown City Loan and Jewelry, which has been around since 1953. Next time you’re in the market for a costly new piece of equipment, why not stop by the pawn shop first? Your dollar will go a lot further!

PS: Not into tools? No need for jewelry? Crown City is currently having a sale on their electric guitars and they’re all 50% off!

Crown City Loan and Jewelry is located at 65 E. Colorado Blvd Pasadena. For more information, call (626) 793-5404 or visit crowncityloan.com.

 

 

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