Pawn Shops in New York

Need some urgent quick cash? Not a problem if you have any items which you don't really use but they have certain value. Consider pawn shops as a fast and easy cash advance option. Compare the offers online or find a pawn shop near you in New York and you can leave the shop with money in your pocket same day. Check how these transactions work before you decide to apply.

Consider other options to get instant cash advance in the New York


Loans for ANY NEEDS
APR from 4.99%


Rates last updated October 23rd, 2020



Smaller tax return than you expected? Apply online for quick cash. Apply

New York Pawn shops

A pawn shop is business that offers small-dollar loans backed by some item of value as a collateral. A pawnshop broker holds the item and sells it if the loan isn’t repaid. In New York you can find both online and storfront companies. Compare the best pawn shop offers to get the money you need.

Review New York Pawn shop laws

New York Pawn shops are subjected to a federal regulations and statutes. The laws ensure that pawn shop owners conduct business responsibly. Before choosing a company, make sure they are registered with the National Pawnbrokers Association (NPA), and check with your local Better Business Bureau to see if there are any complaints against them.

The laws that regulate pawn shops at the state level vary from state to state. To find the Pawn Shop regulations and laws in New York go to the regulator's website.

Interest rates charged by pawnshops generally vary between 5% and 25%. New York state law sets the amount of interest that a pawnshop is allowed to charge.

Pawn shop loans in New York are generally made on a monthly or 30-day basis. On a due date the borrower must either pay back the loan in full, plus the interest charge or simply pay the monthly interest charge, which allows him to extend the loan for another month. If it's not done, the property will be sold.

How do New York Pawn shops work?

All the Pawn Shops in New York perform 3 main activities:

  • Lend secured short-term loans
  • Buy items of value
  • Sell items of value

To get a loan from a pawn shop in New York you need to provide some item of value as a collateral and depending on the price of this item you'll be offered a certain amount of cash.
The process of getting money from a pawn shop is as follows:

  1. You bring any valuable item.
  2. It's evaluated and on the basis of it yoy're offered a loan amount, which will be less than the item’s total value.
  3. You get a pawn ticket, which includes a description of the item and the loan terms, including fees, finance charges, and the date the payment is due in full (usually from one to four months).
  4. If you fail to repay the loan by the due date, the pawnbroker can sell it to recover the loan amount.

Keep in mind:
Pawnshops provide loans at higher rates than banks. But they are available for borrowers who aren't likely to qualify for traditional bank loans.

How do Pawn Shops determine the value of the item?
The item’s value depends mostly on the 3 factors:

  • Its current appraised value
  • Its condition
  • The demand for this item.

Pawnbrokers have various tools and calculators at their disposal to determine the value of your possession. You can also use some of them online to consider how much money you can get for this or that thing. 
The process of evaluating of the goods varies according to the type of item you want to sell. Besides, they have value databases where they can find approximate prices. Or sometimes brokers need to consult a specialist to determine the value of your item. Moreover, there’s such a notion as “sentimental value” which means that the price may be higher or lower depending on your individual circumstances if the broker knows you well and decides to help you this way.

Pawn shops near me in New York

Find pawn shops located in New York near you. Choose a convenient source for quick, safe and honest pawn, sales, and short-term loans. You can sell your excess scrap gold, jewelry and more at the highest prices offered in New York or shop for new or used items, with huge discounts. 

Whether you apply for a pawn shop loan for the first time or you’re a pawning pro, the staff will simplify the process and make sure you receive the best price for your items. 

Online pawn shops in New York

Since the appearance of online pawn shops on the internet, there are countless options to sell and buy goods or apply for pawn shop loans. Pawn shop brokers provide insured postage in order to deliver your item in and have a fast turnaround time for processing payments. Further, it’s very convenient as well as you can exchange the valuable goods into cash advance from the comfort of your home.

Shop around and read useful customer reviews to find the best pawn shops online in [state]. Although some people would believe in going to a conventional pawn shop nearby, only online pawn shops will offer you the best value for your money.

New York Pawn shops near me open

Most pawn shops in New York are open from 8 a.m. to 6 p.m. on weekdays and Saturday and closed on Sunday. But it's possible to find pawn shops open at the weekend, or even 24 hours a day. Or shop online which is always available.

What do New York pawn shops buy?

Typically, New York pawnbrokers try to accept collateral that will sell quickly and is easy to hold. Some common items that pawn shops accept as collateral are gold jewelry, tools, and electronics. Practically in any Pawn Shop you can get the cash in return to selling the following items of value (average prices you can expect to get for some items are included):
1. Electronics:

  • Cell phones (iPhone 5, Android smartphones, such as Samsung Galaxy, etc.) - $30 – $110. for
  • DVDs (DVDs and Blu-ray discs, movies in their original cases) – $2 - $50 each.
  • iPods and iPads: $20 – $150
  • Computer peripherals: printers, scanners, and other peripheral devices.
  • Digital cameras: $5 - $300.
  • VCRs and DVD players: $5 – $20.
  • Televisions (newer flat screen and 4K models). 

2. Musical instruments:

  • Guitars: $15 - $1,000.

3. Jewelry and Watches

  • Diamonds: round or princess-cut diamonds.
  • Gold.
  • Semi-precious stones: gemstones, such as rubies or emeralds.
  • Silver: silver jewelry or silver coins.
  • Watches: $5 - $14,500. 

4. Instruments and tools, equipment:

  • Lawn mowers and lawn equipment
  • Paint sprayers
  • Power tools

5. Appliances

  • Microwaves
  • Heating and air conditioners
  • Vacuums

6. Entertainment

  • Video game systems: Xbox and PlayStation - $40 – $100.
  • Video games - $2 – $20.

7. Crystal: glassware, vases, bowls, cups, and sets. 
8. Gift cards.
9. Sporting equipment

  • Firearms, guns - $15 - $1000
  • Fishing poles
  • Golf clubs

10. Purses, handbags.
11. Shoes - $40 - $100.
12. Vehicles

  • Boats
  • ATVs
  • Bikes

Pawn shops don't have to accept the collateral. They may reject it and ask that the borrower pledge a different item.

Find New York Pawn Shop locations on the map


Loans for ANY NEEDS
APR from 4.99%


Loans for ANY NEEDS
APR from 4.99%

Advertiser Disclosure

COMPACOM.COM is an independent advertising service that provides information and reviews on various companies to help customers compare them and get the best deal. If the company's page is not marked by "Affiliate Sign" and "Affiliate Disclosure", it means we are not affiliated with this business. We just provide the relevant data to help the company promote its services and let the customers find and get the necessary assistance faster.

COMPACOM.COM is not responsible for any products and services advertised and compared. As you click on any advertising block, you are redirected to the third party's website and it's your responsibility to check all the details of the deal. Neither is COMPACOM.COM liable for other companies' logos, names are trademarks™ or registered® trademarks used on our website. Their use does not signify or suggest endorsement, affiliation, or sponsorship. The main aim of COMPACOM.COM is to provide verified information that is taken from the companies' websites and other public sources and supported by the links to them.

COMPACOM.COM can get some compensation for featured placement of certain sponsored products and services, or your clicking on links posted on this website. But it doesn't impact the way the companies are evaluated. Their rating is based solely on real people's reviews which go through a double verification via phone number and e-mail.

We strive to keep all the information on this site up-to-date and accurate but you should check any rates and terms as well as other product or service information on the provider's website.