|At A-OK, we have an extensive selection of new and used merchandise, including jewelry guaranteed to sell for half of the appraised value. Just like a pre-owned car, you can save big money buying pre-owned jewelry in excellent condition. And all of our pre-owned jewelry comes with a one-year limited warranty.
We also have a wide selection of hand and power tools, home electronics, sporting goods, DVDs, car stereos and more. We offer new and completely reconditioned musical instruments with a generous buyback program.
|What is a Pawn Loan?
A pawn is another term for a collateral loan. Pawnbrokers lend money on items of value ranging from gold and diamond jewelry, musical instruments, televisions, electronics, tools, household items, and more. Loans are based on the value of the collateral. When a customer pays back the loan, their merchandise is returned to them. A customer may also choose to surrender collateral as payment in full. Pawn shops may offer extensions/renewals (where permitted by state law).Pawn lending is not a new business. In fact, some reports trace pawn loans back at least 3,000 years to ancient China, as well as Greek and Roman civilizations. Pawning has long been a source of capital for people, as well as a way to finance business ventures. According to the National Pawnbrokers Association, even Queen Isabella of Spain pawned her royal jewels to finance Christopher Columbus’ voyage to the New World.For more information about pawn loans stop by any A-OK location or click on www.nationalpawnbrokers.org