What is a pawn?
In addition to selling firearms and jewelry, another of the services we offer at Gary’s is pawning. A pawn is simply a short term (30 day) loan secured by collateral.
How Does It Work?
Bring your item to either of our stores and one of our associates will help you. It is helpful if you have an idea of how much you want to borrow when you arrive. After we agree on an amount, you sign a loan agreement and are on your way with your cash. The loan is due 30 days from the date the contract was signed. You simply pay back the contracted amount (principal + interest) and collect your item, or if you need more time, you can pay just the monthly interest amount which will extend the loan an additional 30 days.
What can you pawn with us?
- Primarily, we make loans on firearms and gold jewelry but we will consider almost anything of value. Other common items we make loans on are smart TVs, power tools, and precious metals.
- If you pawn a firearm, when you pick it up, you will have to fill out a Form 4473 and pass the same FBI background check as when you originally purchased the weapon.
- We don’t take personal computers/laptops/tablets/smart phones simply because technology advances so fast that it would likely be outdated by the time we tried to sell it.
