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Chilliwack’s No.1 Pawn Broker Since 1992
WHAT IS PAWNING & HOW DOES IT WORK?
What is pawning and how does it work is a common question we receive. Pawning an item is a long honoured tradition, and a remarkably simple process. Back before banks offered credit cards and lines of credits freely, there were Pawn Shops. For hundreds of years Pawn Shops have been the way many would be able to deal with short term cash flow issues. If you had an item of value, and needed cash, you took it to the Pawn Shop.
Find out how much your item is worth with a free estimate, or by visiting us today. We’d be glad to help!
- You bring an item of value and photo-ID.
- We agree on a loan amount to pawn your item for.
- We do 5 minutes of paperwork to finalize the pawn loan.
- We give you cash.
- We securely store your item for up to sixty days.
- When you're ready to redeem your item, you pay the interest for the time used.
- You get your item back!
We loan on, and sell, gold and gold jewellery. Need money and have some gold lying around not being used? Is your gold sentimental but you need some cash to help solve a short term cash flow need?
Then we would be happy to help cover that need by providing you with a pawn loan against your gold.
WHAT’S MY ITEM WORTH?
We’ve seen it all: Lawnmowers to Ferrari’s, powdered gold to Cartier masterpieces and everything in between. One thing’s for sure; we rarely see the same thing twice, and that makes the items we pawn or buy extremely unique. No doubt your item is complex and unique, and that’s why we would never try putting a value to something we haven’t seen.
Anything of value to you is of value to us. You can tell us about your item here and we’ll do our best to get back to you as quickly as possible.
WHAT DO I NEED?
All you need is the item you’ll be using for collateral, and a valid government-issue photo ID such as a Driver’s License or Passport!
If you are bringing in any battery-powered items, such as smartphones, please ensure they are charged to atleast 50% so that they can be tested. Bringing a gas-powered tool? Make sure to have gas on hand so that we can see it running!
DISCLOSURE STATEMENT – Pawn loans are available to anyone with valid government issued ID and are 18+. Monthly charges include 3% interest, plus 17% for storage and administration. Pawn loans are on a 60 day term. Your loan is meant to be paid back in full within this time frame. Example: A $100.00 loan would cost $120.00 if redeemed within the first 30 days, or $140.00 during the next 30 days. Loan amount offered is dependent on the collateral and can range from $10.00 to $1,500.00. No credit or employment checks are required.
Jewellery loans under $500.00 are 3% interest, plus 12% for storage and administration, and jewellery loans $500.00 and greater are 3% interest, plus 7% for storage and administration.*
*Starting October 1, 2024.
For more details please see a Common Exchange Chilliwack Ltd. Representative.