Pawning is a simple process whereby you use valuable items as collateral to raise short-term funds. After receiving the funds from your pawnbroker, you have a fixed period of time with which to pay back the money lent to you plus the agreed rate of interest. You have until the end of the agreed period to return the money plus interest, at which point the item pawned becomes our property.
WHAT AM I ABLE TO PAWN?
We are able to issue loans against Jewelry, Fine watches, Precious gemstones, Loose diamonds, Estate Jewelry, Vintage Jewelry, Antique Jewelry ,Fine wines, Cars, Fine Art. If you have an item you would like to pawn but are not sure if we accept it, then please do contact us.
HOW DO YOU VALUE ANY ITEMS?
We have a highly experienced team of appraisers who share years of experience valuing all kinds of fine items. They are firmly up to date with evolving market trends and have the skills to properly value all items presented. We offer fair market rates on all items brought to us.
HOW MUCH CAN I BORROW?
You can borrow on anything from $5 all the way up to $1 million. It all depends on the value of the item(s) you wish to pawn.
HOW LONG DO I GET TO PAY OFF THE MONEY I OWE?
The terms of the loan agreement can be discussed and confirmed at the time of appraisal.
DO I NEED TO BRING ANYTHING WITH ME WHEN I COME TO PAWN?
By law, we can only loan against items to individuals aged above 18 years old. Please bring suitable identification with you (passport or driving license for example) to effectively identify yourself. Also, bring any documents or provenance you own relating to the item (e.g. proof of purchase, service history or any certificates of authenticity).
WHAT INTEREST RATES WILL I PAY?
The exact rates of interest and the terms of the loan agreement will be laid out upon appraisal. but you can expect the best interest rates on market for up 5-7%
ARE THERE GOING TO BE MONTHLY PAYMENTS FOR ME TO MAKE?
No, this is not that kind of loan. Whenever you borrow against jewelry or watches or any other fine item, the loan amount plus any interest is paid in full if and when you decide to reclaim the item.
DOES PAWNBROKING AFFECT MY CREDIT SCORE IN ANY WAY?
No, our service does not involve credit agencies at any stage.
WHERE WILL YOU STORE MY ITEM?
All items are securely itemised and stored in a highly advanced vault located on site. Only certain individuals can access the vault, and all forms of coming and going are securely tracked and monitored.
IS IT POSSIBLE TO GET INSURANCE ON MY PAWNED ITEM?
For the full period of the loan, we insure the item for its full value.
WHAT HAPPENS IF I CAN’T AFFORD TO BUY BACK MY ITEM OR DON’T WANT IT ANYMORE?
If you are unable to repay the loan, or if you do not wish to buy it back, then it becomes our property. If you are going to have any difficulty repaying an existing loan, then contact our ss pawn shop financial department right away to discuss your options.
WHY SHOULD I DECIDE TO PAWN MY ITEM WITH PAWNBROKERS RODEO DRIVE?
Here at Pawnbrokers Rodeo Drive, we pride ourselves on offering a fair, expert, and confidential service. We do not believe in extracting money from you, but instead, wish to provide a necessary service to tide you over in periods of financial difficulty. All our staff have years of industry experience and will treat you in the professional manner with which you deserve.
DO I NEED TO MAKE AN APPOINTMENT BEFORE VISITING?
We recommend calling ahead to book an appointment, as we operate on an appointment only basis.
CAN YOU GIVE ME A QUOTE OVER THE PHONE?
You can email the item with any pertaining documents and we will provide you with an estimated complimentary appraisal. However, all loans and purchases are finalized in person as our appraisers will need to see the item before being able to offer any form of quote.
HOW WILL I GET PAID?
It’s up to your preference really. Most of our clients prefer cash, however, we can offer check or wire transfer as well.
HOW QUICKLY CAN I GET PAID?
Once our appraisers have had time to properly and accurately value your items, we aim to have the money to you within 30 minutes.
ARE YOU ABLE TO BUY MY ITEM OUTRIGHT, RATHER THAN PAWNING?
Yes, this is a service we also offer. As well as lending against cars, art and other fine items, we are also happy to purchase them outright.
IS IT POSSIBLE TO BUY ITEMS THAT OTHERS HAVE PAWNED?
Of course, we have a showroom full of beautiful items waiting to find new owners.
If you have an item you would like to pawn but are not sure if we accept it, then please do contact us.