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BUYING, SELLING AND PAWNING INQUIRIES

HOW TO PAWN OR SELL

OUR TERMS

WHAT WE BUY, SELL AND PAWN

HOW TO FIND US

PHONE

WE PAY CA$H

The following section relates to our business and how we trade with regard to the laws of South Australia which have been changed. (1st March 1998). Remember, not all pawnbrokers are the same. Ask a pawnbroker about how he trades and his terms before you use him. Some are better than others but, then again, so are some customers.

IF YOU WANT TO PAWN OR SELL YOU WILL NEED...

SUITABLE GOODS OF VALUE. As with a bank, pawnbrokers need collateral for a loan. You must pledge an item of value for a loan. The value of the loan is based on the RESALE, SECONDHAND VALUE of the item, NOT the new price, which is where most pawnbrokers have problems. There are some item which cost a great deal of money new but, as a specialized item, they are extremely difficult to sell and so attract a low value. There are also very popular items that attract a high price, so the loan you you get is much closer to the new price. Just remember, to a pawnbroker goods of value mean more than a thousand words. We have heard it all before. After 15 years in this business, you can become a bit cynical. The customer is not always right.
IDENTIFICATION: The identification requirements have been increased to a level where if you don't have photo identification , you will need a great deal of other identification. Most importantly , you will need at least ONE PIECE OF GOVERNMENT ISSUED I.D.

Photo ID inc. drivers, boat or gun license.
Proof of age card.
Passport.
Social Security.
Other issued Government ID e.g. Commercial Agents license
Bills or accounts with your name & address in conjunction with any of the above.
Other recognized identification.
Basically bring as much as you have.

NO EXCEPTIONS

If you have the original receipt, bring it, as it generally ensures more money.
Have an idea of how much money you want or need.
The goods you offer must be owned by you and free of debt. ABSOLUTELY NO...

Consumer mortgage.
Hire purchase.
Rental or rent to buy.
12 months interest free.
Mobile phone contracts.
Any other encumbrance.

These goods are not yours and it is a criminal offense to pawn or sell them. If you do sell any encumbered or stolen good to a pawnbroker not only will you be charged with fraudulent conversion or dealing in stolen goods but the pawnbroker will have you charged for falsely representing the goods as yours. The law can also apply a penalty of up to $10,000 for using false ID or making false statements to a dealer. He may also hire a Commercial Agent to recover his money. It can get pretty heavy.
If you think a pawnbroker is an easy mark, think again, because most of us have seen it all and can generally smell a rat within the first 5 seconds. Make no mistake about that. We actively cooperate with the police. No self respecting pawnbroker will jeopardize his reputation or his business by knowingly dealing in stolen goods. For me, my business is worth a hell of a lot more than a couple of suspect TV's.
We are obliged by law to hold all Second Hand goods for 10 days before we can do anything with them. This should give the authorities time to check our register with their DATA BASE of stolen goods.
The other side of the coin is that if you do the right thing by your local pawnbroker you will generally find him to be be a honest, straight forward business man with a family and feelings, that is prepared to stretch the point with a good customer.

for honest and fair trading

Our terms... these apply mainly to pawnbroking as the rest is pretty self explanatory.

As pawnbrokers we can only lend money on goods left with us as collateral (the pawn or pledge). This is our security and is valued according to the second hand market. Our terms are...
We charge 20% per calendar month or part thereof, on the amount borrowed.
We charge a $3 contract fee.
Items a generally pawned for 1 month, however, longer terms can be arranged.
We will lend from $1 to $20,000 with adequate security.
We are insured, however if you are concerned, please arrange your own.
At the end of the loan period, or before, your options are...

To pick up your goods buy paying the amount borrowed and the charges.
To renew the contract by paying the previous months charges.
To renew the contract and reduce the loan by paying the previous months charges and any extra amount against the money borrowed (this reduces your charges next time).
If you can't do any of the above, speak to us and we'll try to come to some sort of arrangement.

If you do nothing