If your microwave is in good condition, you can expect between $5-$25. If you're pawning a newer microwave that serves a dual purpose (like a microwave/toaster oven in one), you may earn a bit more.
If you have like-new condition, brand-name kitchen appliances, you might be able to make quick cash by bringing them to a pawn shop. To get top dollar, clean your appliances before bringing them in. Also, including instruction manuals and any pertinent installation information and tools might get you even more cash.
Sell It Online
The average used microwave sells for $25 but the return can be up to $100 for nicer models. Start a listing with one of these popular sites: eBay.
Pawn shops are a great place to sell used appliances for cash. They are convenient, give you money right away, and have no listing or selling fees. You get cash on the spot, so you have quick access to your money.
Pawnshops only loan you about 25% to 60% of an item's resale value. If you pawn a piece of jewelry worth $1,000, you might get a loan amount of between $250 and $600, but you won't get the value of the item. And, of course, you'll risk forfeiting a $1,000 piece.
You can expect to sell your appliance for 20 to 40 percent of what you paid for it. An appliance that sells for $1,000 new should list for around $300.
High-End Laptop / Phones. Tech items like MacBooks, Microsoft Surface Pro, and smartphones from brands like Apple and Samsung are highly sought after. A new or well-maintained device can easily fetch $500 or more. Make sure device is fully unlocked, fully functional, and free of any account locks to avoid complications ...
It depends on your situation. If you want your item back, and can afford to pay back the interest, pawning may be a good option for you. But if you need cash in a hurry, and want the highest offer, selling is the way to go. If you're considering selling to a pawn shop, we caution you.
A standard microwave would be worth between $5 and $10 in scrap metal at most locations. The scrap value is primarily in the steel casing found in most microwaves, with some copper in the motor.
If your microwave is in good condition, you can expect between $5-$25. If you're pawning a newer microwave that serves a dual purpose (like a microwave/toaster oven in one), you may earn a bit more.
What percentage of an item's value do pawn shops pay? Most of these shops will pay around 25-60% of the value of your item. Note: If you choose to pawn your stuff, you may be interested to know what things pawn shops always buy and what items the pawn stores pay the most for, right?
Listen more than you speak
Unless they ask directly, your pawnbroker does not need (or want) to know where you found your item, how long you've had it, or how much you originally paid for it. In fact, disclosing too much information like this may only hurt you.
Quick and simple: Another pro for pawn shops is that it's quick and easy to go in and get the cash you need. You may have to do some negotiation, but you won't have to fill out time-consuming forms detailing your financial history. You can get the cash the same day without that hassle.
We'll Take Just About Anything of Value
Firearms* Power Tools. Cameras. Video Game Consoles.
Common pawns are jewelry, electronics, firearms and musical instruments. The loan amount that a pawnbroker offers will be based on the item's assessed resale value, often much lower than its original purchase price. If the item is approved, a lender will typically offer 25% – 60% of the resale value.
Pawn shops that buy TVs will also pay more for a bigger screen. If your TV's screen is less than 26 inches, you'd be lucky to get over $50 for it. If your screen is greater than 42 inches, though, a pawnbroker like GEM might offer you over $200, provided the TV is one of the brands mentioned above.
Pawn Shops Determine Value Based on Sales History
Another easy way that a pawnbroker determines the current market value of an item is to see a recent selling price. Most of the time, this is through sites like eBay. Sales history gives a pawn shop a good idea of how quickly and for how much an item will sell.
Looking to upgrade on your home's household appliances? Before you donate, give a pawn shop a try and get some quick and easy cash for your old appliances.
Let's say you have a 5-year-old GE refrigerator that originally cost $750. Depreciation per year: $750 / 15 years (expected lifespan) = $50 Life left: 15 - 5 = 10 years Value: 10 years x $50 = $500 If the refrigerator is in excellent condition and there's high demand in your area, you might price it around $500.