How does a pawn shop work?

First in a series of videos that will give you a better insight to being a pawnbroker

Пікірлер: 112

  • @WarmPotato
    @WarmPotato4 жыл бұрын

    One of my ears enjoyed this

  • @leonelhernandez547

    @leonelhernandez547

    3 жыл бұрын

    Son of a b***, i thought my earphones were fucked

  • @someguystudios23

    @someguystudios23

    3 жыл бұрын

    @@leonelhernandez547 why did you censor one word but not the other?

  • @gg4e356

    @gg4e356

    3 жыл бұрын

    🙌

  • @toxiicmayhemzz6686

    @toxiicmayhemzz6686

    3 жыл бұрын

    it’s playing in both but it’s just low but yop one of my ears enjoyed this💀

  • @rptrmacct

    @rptrmacct

    3 жыл бұрын

    @@someguystudios23 for the f*****g aesthetic dumbass

  • @jking0.o121
    @jking0.o1214 жыл бұрын

    Great video. You seem like you run an amazing business. Much respect.

  • @Wulfdane
    @Wulfdane5 жыл бұрын

    A lot of people have no idea how pawnshops work, think they rip people off. When in fact most pawnshops are honest. People tend to think when they buy an item from a store, that’s what the item is worth. If you buy a $1000 ring from a jewelry store, a big part of that cost is overhead - money that you’re never going to back unless you find someone on eBay to pay. The pawnshop also has to consider how long it will take to sell the item if they end up with it. Pawnshops are risk and reward, some items might sell fast and make a profit, while other items could sit on a shelf for a few years and make no profit. All this is taken into consideration.

  • @trevor19qhshe

    @trevor19qhshe

    2 жыл бұрын

    Story that just happened. Pawn shop almost refused to release a rifle to my friend and I after 2 weeks of it in pawn. He was homeless. "Items in pawn so we can't do a FFL transfer into your name". Ok, ill stand here and buy it for him. "He doesnt have a current drivers license so he needs a new one to prove his state residency." Bro WTF. 1 week later we get it all figured out "we dont accept credit card." *cash advances loan amount from my credit card straight to my debit card* 🖕

  • @pureamerican1515
    @pureamerican15155 жыл бұрын

    It is Dec 2018 and your video was very helpful, thank you.

  • @totalmoon1
    @totalmoon111 жыл бұрын

    Great video, Tim! I'm glad I watched this. I've never sold anything in a pawn shop before, but this was a real good lesson! Thanks a lot!

  • @farazrayaankhan

    @farazrayaankhan

    2 жыл бұрын

    Hey did u finally make a sale to a pawn shop

  • @craigmonteforte1478
    @craigmonteforte14785 жыл бұрын

    Thanks for the good explanation, i grew up in Florida and some of the local Pawn Shops we had around Ft Lauderdale area. Were a place myself and many of my freinds shopped at very regularly especially on hand guns and tools i didnt realize All of what the shops have to offer The reasons we. Used to shop at the stores we went to. Were basically we felt the owners were pretty honest with us on the items plus on the handguns. They used to go thru them and fix any issues they may have had he would also give us a fair deal on a trade in and work with you on a lay away pan if we needed it Its funny after i eft Florida I ive for 20 years in Maryland and many people there had negative feelings on Pawn shops in general ? The ones i did visit locally in my opinion were not very good shops as far as deals. I used to look religiously for acoustic guitars but many of the ones they had were beat up too much for my liking i wound up buying new from a loca music store

  • @theknowledgeteshow6779
    @theknowledgeteshow67792 жыл бұрын

    I respect this guy he's honest and straight forward not all pawnshops use u or trap u much respect 👏 💯

  • @coight
    @coight12 жыл бұрын

    Been following your blog for atleast a year now Tim, good work on the second store man!

  • @chuckrieger782
    @chuckrieger7824 жыл бұрын

    Great video Tim!!! Great information 👍.

  • @thesavvyseagull1980
    @thesavvyseagull19805 жыл бұрын

    Thanks Ive allways wondered about how pawn shops work !

  • @Scratchingforcash
    @Scratchingforcash3 жыл бұрын

    Great video bro!! Thanks for sharing. Please do more of actual transactions

  • @BatmanRobinson
    @BatmanRobinson3 жыл бұрын

    Hope your businesses is doing good! Really enjoyed your video

  • @DavidBerquist334
    @DavidBerquist3348 жыл бұрын

    I bought 2tapedeck technical rsm 11and Sankyo std 1700 cassetes sony walk man all still work got them in 1985 _1989

  • @beegreengrowersunionwv.7523
    @beegreengrowersunionwv.75235 жыл бұрын

    great video..

  • @TimRussellJr
    @TimRussellJr12 жыл бұрын

    @coight thanks I appreciate the loyalty stop by sometime for some free dvds!~ just mention KZread....

  • @coight
    @coight12 жыл бұрын

    I'm in Australia Tim. If you are going to the national pawn expo we'll catch up?

  • @jamesbabbath5306
    @jamesbabbath53066 жыл бұрын

    I noticed the AOPA hat, are you a pilot?

  • @natashathomas1277
    @natashathomas12774 жыл бұрын

    Do u get post stamps ?

  • @CarlosHernandez-lo5ux
    @CarlosHernandez-lo5ux5 жыл бұрын

    Boss we need more people like him

  • @johnwesleyhuss2327
    @johnwesleyhuss23275 жыл бұрын

    Best I can do is 50$

  • @johnwesleyhuss2327

    @johnwesleyhuss2327

    4 жыл бұрын

    @Troll Mctrollerson 45?

  • @johnwesleyhuss2327

    @johnwesleyhuss2327

    4 жыл бұрын

    @Troll Mctrollerson 42.49 and you got a deal

  • @someguystudios23

    @someguystudios23

    3 жыл бұрын

    @@johnwesleyhuss2327 3. take it or leave it.

  • @Fender420

    @Fender420

    2 жыл бұрын

    5 dollars, and that's pushin' it.

  • @cagednstatic
    @cagednstatic Жыл бұрын

    I just started working at one. So trying to learn

  • @raphaeldarocha6422
    @raphaeldarocha6422 Жыл бұрын

    Hey bud hows bossiness? Im thiking about opening up a pawn shop

  • @rureallysorry
    @rureallysorry7 жыл бұрын

    do you mess with the loan items like that gun?

  • @dennisalestra9313
    @dennisalestra93133 жыл бұрын

    WHAT IS THE LOAN FEE'S ALLOWED FOR NEW YORK CITY PAWNBROKERS ?

  • @Mikedadof2
    @Mikedadof24 жыл бұрын

    Best job I ever had worked over 2 years in pawn shop cash converters Australia

  • @aliulusoy5115
    @aliulusoy51153 жыл бұрын

    1:11 love this momment

  • @aobmalachi8225

    @aobmalachi8225

    3 жыл бұрын

    😁😁😁😁

  • @jackkelly3697
    @jackkelly36974 жыл бұрын

    Future Chumlee

  • @newpath5659

    @newpath5659

    4 жыл бұрын

    Thats funny lol

  • @CristianGomez-rl5vb
    @CristianGomez-rl5vb2 жыл бұрын

    Do you need a loan if you want to sell anything or could you just go up to the person and say hey how much could I get for this Samsung Galaxy watch or something?

  • @Papi_Sky_Gaming
    @Papi_Sky_Gaming4 жыл бұрын

    So I've been in a pawn shop but idk why i always had to do a fingerprint thing when i was just trying to sell things for quick cash. Is it because i said i want to pawn this?. Like should i say i just want to sell instead of pawn?

  • @KyleC_2013

    @KyleC_2013

    3 жыл бұрын

    Pawn means loan. Most pawn shop will look at account history. So if you get loans that you aren't picking up, because you weren't aware of the fact that it is a loan. It could hurt how much they give you if you ever do get a loan

  • @Bry463
    @Bry463 Жыл бұрын

    couldn’t find your email so imma just ask a question: so i have a ipod nano 7th generation id like to sell most likely new and without the box could you tell me how much it would be

  • @Scratchingforcash
    @Scratchingforcash3 жыл бұрын

    Do you have to check the guns serial numbers with FBI or anything like that to make sure that person actually owns the gun? Kind of a stupid question but you didn’t mention that.

  • @melindalemmon2149

    @melindalemmon2149

    2 жыл бұрын

    MOST IMPORTAN ASPECT

  • @cortneyinamasu
    @cortneyinamasu7 жыл бұрын

    How much is a kindle that is in really good condition no scratches or smudges or anything and still in good perfectly working condition worth?

  • @winstonchurchill624

    @winstonchurchill624

    6 жыл бұрын

    Cortney Inamasu $.50

  • @greg20067

    @greg20067

    4 жыл бұрын

    its a kindle just go burn it

  • @luisllorens70
    @luisllorens705 жыл бұрын

    Whoever gets that gun is going to need a new safety switch.

  • @missashanti5122
    @missashanti51222 жыл бұрын

    I just got a interview with one so I’m trying to figure things out

  • @hybrid9791
    @hybrid97917 жыл бұрын

    so, if i have a loan, and my 30 day payback expires, pawnbroker gets to keep my item? are there any deposit tax?, late fee?

  • @julier1080

    @julier1080

    7 жыл бұрын

    They want to hook you for that 25% a month ripoff interest rate. But yes, if you don't go back and pay in time, you generally forfeit your item. Pawn shops basically prey on people who have money problems. If you are able to, it's always better to sell privately on craigslist or ebay. If you need a loan as he describes, and it's a one time thing, and you know you're getting bent over by the interest rate, I guess it's better than no option at all.

  • @budsbest505

    @budsbest505

    6 жыл бұрын

    ThatOneGuyWhoWatchesHentai mj

  • @seaneredia5199
    @seaneredia51997 жыл бұрын

    Can I pawn computer processors? Or sell it at a pawnshop?

  • @greg20067

    @greg20067

    4 жыл бұрын

    one of my assistant managers took in a computer processor and paid over a hundred dollars for it he would probably get fired if he did it again and by the way it was not a very good processor and had nothing with it

  • @yoandelgado6550
    @yoandelgado65503 жыл бұрын

    What happens if I don’t pay my loan

  • @rain7096
    @rain70962 жыл бұрын

    👍

  • @colec.6477
    @colec.64775 жыл бұрын

    So what if I pawn a computer and get 150 say if I don't come back and get it at all I don't owe them anything and get to keep the cash? And I don't owe anything? So it's basically selling it if I don't come back

  • @csmith6583

    @csmith6583

    5 жыл бұрын

    Crypt Keeper correct

  • @natureboyketer9150
    @natureboyketer91502 жыл бұрын

    I pawn my MacBook for 650 I paid back 525 so far how much do I need to get it back 225? It’s been there since December. I feel they trying to get over on me.

  • @natureboyketer9150

    @natureboyketer9150

    2 жыл бұрын

    He say I can get it back if I pay 665

  • @jessedanger8788
    @jessedanger87887 жыл бұрын

    I'm thinking of applying at a pawnshop but I'm trying to figure out what would suck about working there. There has to be a catch

  • @dennisneo1608

    @dennisneo1608

    6 жыл бұрын

    Jesse Garza It would be a moral decision, as pawnbrokers are generally greedy people living off other people's misery.

  • @ghettoslider

    @ghettoslider

    5 жыл бұрын

    not to mention you're always dealing with broke people trying to sell you junk and getting mad at you for not buying it

  • @jonathantan2469

    @jonathantan2469

    4 жыл бұрын

    You'll be dealing with all sorts of folks who need quick cash. It can be emotionally exhausting. Drug addicts and gamblers pawning their heirlooms that they'll likely never pay back. Single moms or laid-off folks pawning their valuables in the hope of 'bridging the gap'.

  • @Beautyboi
    @Beautyboi2 жыл бұрын

    I have

  • @healthbeauty7853
    @healthbeauty78535 жыл бұрын

    pawnshops should be selling items at used second hand prices, and not at retail prices, especially when they .buy in items at rock-bottom prices. nobody wants to pay £200 for a 20 year old amd Athlon laptop , when they probably bought the laptop off a desperate customer for £5.00

  • @Rotary12A
    @Rotary12A4 жыл бұрын

    25 % that suckssss asss. In nyc is 4 percent a month .

  • @IsabelGonzalez-sz9bv
    @IsabelGonzalez-sz9bv5 жыл бұрын

    Where are u located in?

  • @Scratchingforcash

    @Scratchingforcash

    3 жыл бұрын

    Florida

  • @COWBOYBARNMAN
    @COWBOYBARNMAN9 жыл бұрын

    Hello Tim are you still in business? I only see 3 videos where you are talking about your pawn shop and they are all 2 years old. My question is... what kind of price can someone expect trying to get a loan for a diamond ring? The ring I have is a mans wedding band, 5 diamond yellow gold. Appraised for $2500.00 Can you tell me what you would think the loan amount would be from a pawn shop? I have the paper work to show the appraised information so its for sure the real thing. You should make some new videos and give us who have never visited a pawn shop more information. Thanks! Barney in Atlanta Ga :-)

  • @gregjones9901

    @gregjones9901

    7 жыл бұрын

    Be aware that an appraisal is the insurance replacement value, not the actual value of the item.

  • @emmajiang3576

    @emmajiang3576

    7 жыл бұрын

    ThAnk you

  • @titas424
    @titas4244 жыл бұрын

    Can you buy something from pawnshop under 18age

  • @mrsikes410

    @mrsikes410

    4 жыл бұрын

    Tyra1 no

  • @johnburgess6334
    @johnburgess63347 жыл бұрын

    Stop clicking the button!

  • @robrausch3870
    @robrausch38707 жыл бұрын

    do you have to be 18 to sell?

  • @Lone_Wolf91

    @Lone_Wolf91

    5 жыл бұрын

    Rob Rausch Yeah mostly likely. Maybe certain once wouldn’t care but in general yes.

  • @Scratchingforcash
    @Scratchingforcash3 жыл бұрын

    I always thought pawn shops offered half of half of what something will sell for. So, 25% I have a pawn shop close to me and we’ll I have never pawned anything I often do buy stuff from them but I have watched him and he’ll go to EBay completed items and then offer half of half of what something has sold for.

  • @KyleC_2013

    @KyleC_2013

    3 жыл бұрын

    Generally if you sell something they will be at half. If you get a loan and have good history of picking up and extending your loans, some pawn shops will loan up to %80 of retail

  • @xoukilong
    @xoukilong8 жыл бұрын

    Thank goodness my credit is good enough to have a line of credit

  • @JulianJohnston919

    @JulianJohnston919

    8 жыл бұрын

    +Xouki Long Pawn shops are really a great way to get fast cash with reasonable rates for what the transaction is. I personally bought a painting at a garage sell for $30 bucks, brought it to my home town pawn shop and sold it for $125.00 (had to haggle) but I got a great return. So just don't think of a pawn shop as a desperate way to get cash. It can be a money maker if you do like I did!

  • @XLIVLP

    @XLIVLP

    4 жыл бұрын

    @@JulianJohnston919 you posted this 3 years or more ago...hope you are well!

  • @JulianJohnston919

    @JulianJohnston919

    4 жыл бұрын

    @@XLIVLP Yes sir, truly blessed, hope you are as well pal!

  • @XLIVLP

    @XLIVLP

    4 жыл бұрын

    @@JulianJohnston919 good to hear! And yes :-)

  • @mr.foshow5474
    @mr.foshow54745 жыл бұрын

    Your website is not working.

  • @the-bu3lb
    @the-bu3lb Жыл бұрын

    How is it ok to charge someone sales tax on a item that was pawned for less than the item is worth ?

  • @YaseenAzam
    @YaseenAzam4 жыл бұрын

    I’ve lots of ancient goods and wanna pawn but I’m in Pakistan.

  • @jonnathonturner7835
    @jonnathonturner78354 жыл бұрын

    i manage our buy/loans and man... some of these people stank!! lol

  • @Knock007
    @Knock0077 жыл бұрын

    Do pawn shops fix game consles?

  • @borisb1831

    @borisb1831

    6 жыл бұрын

    That sounds like something not particular to the trade. If a shop had the inclination, I suppose they could try. Dont expect that to be a reasonable assumption that they would however (more likely than not they will not).

  • @YaseenAzam
    @YaseenAzam4 жыл бұрын

    Your website isn’t working. Reply with your email

  • @Grievingbow
    @Grievingbow5 жыл бұрын

    so what's the reason for a pawnshop

  • @MsWitt1
    @MsWitt16 жыл бұрын

    Stop clicking that dang gun. It is very distracting!

  • @sumonsihab8484
    @sumonsihab84844 жыл бұрын

    How can sell anything on pawn shop in online

  • @mackenziemercer6874
    @mackenziemercer68745 жыл бұрын

    I Can find Your email

  • @CrazyMoments728
    @CrazyMoments728 Жыл бұрын

    "best i can do is chum lee and I'm taking all the risk"

  • @juice_1385
    @juice_13858 жыл бұрын

    Isn't it illegal to have a weapon only the military can use ? I say this because I noticed the ak-47 in the back

  • @RaymondMize

    @RaymondMize

    8 жыл бұрын

    probalby semi...

  • @chriss1227

    @chriss1227

    8 жыл бұрын

    Nope, if you have the cash and a clear background check you can own even fully automatic machine guns (depending on your state).

  • @RaymondMize

    @RaymondMize

    8 жыл бұрын

    +Chris Schroeder lol I like how Hugo assumes it's an automatic weapon, They make plenty of semi ak47's and there's no way to tell from the video. Jokes on him

  • @fuzzyfeelinz9437

    @fuzzyfeelinz9437

    7 жыл бұрын

    if it's not fully automatic. no law that saws you can't own an assault rifle. again as long as it is not illegally modified. you can make a pump action shotgun that holds 3 shells hold 8 and fully automatic if you're savy. but then you can't pawn it or legally possess it.

  • @spyh4rd

    @spyh4rd

    3 жыл бұрын

    Bruh

  • @WyaEuphoria
    @WyaEuphoria2 жыл бұрын

    I’m 18 could I buy a gun from a pawn shop