ACME PAWN SHOP

How do you determine a value of items?:

We lend a percentage based upon the current resale value of an item. This value takes into account a variety of factors including:
Age of the item: is it still desirable or has a new product made it obsolete or decreased it’s value.

For example: video game systems outdate very quickly, a product that was worth $400 3 years ago may be practically worthless because no-one will purchase an outdated platform.

Another example would be the nearly 80% depreciation in the value of new VCR’s as DVD becomes more mainstream.

Is the item complete?

Item’s are often purchased with accessories such as remote controls, AV cables, battery packs etc. If these items are missing it may radically effect the pricing of a possible loan – especially if the missing accessory contains controls or other things that are essential to the operation of the item.

Are there factors effecting the ‘end cost’ of the item?

Are there outside issues effecting the market value of the item?

This may include any possible repair or appraisal costs. These issues reduce the possible resale value of an item and as such lower the possible loan amount.

We attempt to loan the highest amounts that are feasible for our customers, within the current marketplace.