Do you have an old laptop that you’re not using anymore? Are you wondering what to do with it? If so, a pawn shop may be the answer! Pawn shops are a great place to sell your old electronics.
Depending on the brand, condition, and rarity of the respective laptop, you might get somewhere from $50 to even thousands of dollars. However, your laptop has to be extremely rare to get a four or five-figure amount for your laptop.
How Much Do Pawns Shops Pay For Laptops?
Pawn shops are businesses; their only purpose is to make money. So when you bring your old laptop to a pawnshop, the pawnshop will only pay a percentage for the actual market price of your laptop.
There are two things you can do at a pawnshop; you can either sell your laptop or pawn it. If you are pawning it, you can get a loan of around $50 to $75 for a $100 to $150 laptop. A general rule of thumb for pawn brokers is to lend 25% to 60% of the total resale value of the laptop. You have to pay this loan back with interest in a specific period of time. Otherwise, the pawnshop gets to keep the laptop.
If you are thinking about selling your old laptop, then, as mentioned earlier, you can get $50 to thousands of dollars depending on different factors.
In addition, different pawn brokers may have set a different profit percentages. So the price can change from pawnshop to pawnshop. They are not going to pay your asking price right away. You might have to negotiate with them.
What Laptop Gets The Most Money At A Pawnshop?
How much do pawn shops pay for laptops? This is a question that gets asked a lot by people who have old laptops at their house that they don’t use. It really depends on the make, model, and condition of the laptop. Generally speaking, newer laptops with more storage will get you more money than older ones.
Here are some examples of what different types of laptops might fetch at a pawn shop:
- A MacBook Air with 128 GB of storage could get you around $500.
- A Dell XPS 13 with 256 GB of storage could get you around $700.
- A gaming laptop like a Razer Blade with 512 GB of storage could get you over $1,000.
Of course, these are just estimates. The actual amount you get will depend on the specific pawn shop you take it to. It’s always a good idea to call ahead and ask about their prices for laptops before bringing yours in.
In general, you can expect to get around 50% of the retail value of your laptop at a pawn shop. So, if you have a laptop that you paid $1,000 for new, you can expect to get around $500 for it at a pawn shop.
Of course, the condition of your laptop will also affect how much money you can get for it. A laptop that is in good condition with no scratches or dents will obviously be worth more than a laptop that is in poor condition.
If you have a laptop that you don’t use anymore and you’re looking to get some extra cash, taking it to a pawn shop is a great option. Just make sure to do your research ahead of time, so you know what to expect.
How Do Pawnshops Determine Laptop Prices?
To find out how much your laptop is worth, the pawnshop will start by looking up its make and model online. They will then factor in the condition of your device, as well as any accessories that are included. For example, a laptop with a cracked screen may not be worth as much as one that is in perfect working condition. The pawnshop will also take into account any unique features or selling points your device has, such as a high-end graphics card. Ultimately, the final price offered for your laptop will be based on a combination of all of these factors.
Tips To Get a Higher Price for Your Laptop at the Pawnshop
There are a few things you can do to try to get a higher price for your laptop at the pawnshop.
First, be sure to clean your device before taking it in – a shiny, new-looking laptop will always fetch a higher price than one that is covered in dust and fingerprints.
Next, try to bring any accessories or extras that came with your laptop, as these can add value. If you still have the laptop box, bring it with you to the pawnshop.
If there is a story behind your laptop, for example, you bought it from a friend who happens to be a celebrity, then that would get you a high price for your laptop; given that you have all the material and authenticity documentation that proves that the respective laptop was once under the ownership of the celebrity.
Finally, be prepared to negotiate – remember that the pawnshop is in the business of making money, so they will usually start with a low offer in the hopes that you will accept it. If you don’t feel like the price is fair, try to haggle until you reach an agreement.
Difference between Pawning and Selling Laptops at a Pawnshop
There is a big difference between pawning and selling laptops at a pawnshop. When you pawn a laptop, you are essentially taking out a loan against the value of the laptop. The pawnshop will hold onto the laptop as collateral until you repay the loan plus interest and fees. If you default on the loan, the pawnshop will keep the laptop and sell it to recoup their losses.
When you sell a laptop at a pawn shop, you are permanently giving up ownership of the laptop in exchange for cash. The pawnshop will then turn around and sell the laptop to someone else, usually for more than what they paid you for it. This is how pawnshops make a profit.
So, which is better? It depends on your situation. If you need quick cash and don’t mind paying interest, pawning a laptop might be the way to go. But if you want to get the most money possible for your laptop, selling it is the better option.
Comparison between Selling Your Laptop at a Pawnshop vs. Selling Online
When you are in need of some quick cash, one option is to sell your laptop. But where should you sell it? A pawnshop or online? Here is a comparison of the two methods to help you decide which one is right for you.
Selling Your Laptop at a Pawnshop
If you need cash fast, then selling your laptop at a pawn shop is a good option. Pawnshops usually give you around 30-60% of the value of your laptop. So, if your laptop is worth $500, you can expect to get around $150-$300 for it. One advantage of selling at a pawn shop is that it is quick and easy. You can usually walk out of the pawnshop with cash in hand within minutes.
Another advantage is that you can often negotiate the price at a pawnshop. If you are knowledgeable about laptops and know how to haggle, you might be able to get a higher price for your laptop.
The downside of selling at a pawn shop is that you will not get as much money for your laptop as you would if you sold it online. Pawnshops are in the business of making a profit, so they will offer you less than what your laptop is actually worth.
Selling Your Laptop Online
If you are willing to wait a little longer to get paid, selling your laptop online is a better option. When you sell online, you will usually get around 70-80% of the value of your laptop. So, if your laptop is worth $500, you can expect to get around $350-$400 for it.
The advantage of selling online is that you will get more money for your laptop. The downside is that it takes a little longer to sell your laptop. You will need to list your laptop for sale and wait for someone to buy it. This can take a few days or even weeks.
Another disadvantage of selling online is that you will have to pay shipping costs. If you are selling your laptop on eBay, for example, you will have to pay to ship your laptop to the buyer. This can add up to $20 or more.
So, which is better? Selling at a pawnshop or online? It depends on your needs. If you need cash fast, then selling at a pawn shop is a good option. But if you are willing to wait a little longer and want to get the most money for your laptop, then selling online is the way to go.
Thomas Boseman is the author of Pawnbroking.com. A pawn shop owner by day, blog writer by night. When not writing, he enjoys exploring the outdoors with his dog, Roman. Thomas received his bachelor of arts in film from the University of Arizona. A Brooklyn native, Thomas is a lover of filmmaking, motorcycle, and coffee.