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PostPosted: Thu Feb 23, 2017 6:30 pm 
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Joined: Sat Feb 23, 2013 10:41 am
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Location: Burlington, ON, CA
bolly wrote:
freakin place trys to get 30 - 50% MORE than current ebay sales, they have a sweet technics se-a5 mkii for $999... been for sale over a year and they wont budge!! Anyways this $2999 sui 2k has been there getting banged up for the last couple months as well!! :twisted:



Did you actually make an offer?

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PostPosted: Thu Feb 23, 2017 6:49 pm 
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Joined: Wed Mar 25, 2015 5:57 pm
Posts: 4
Location: Winnipeg, MB, CA
I went to a pawn shop for sh--TS and giggles to see what they would give me for a brand new
Dingwall Super J exotic bass that I had just purchased for $4400.00 and had waited 8 months for it.
They thought it looked cool and offered me $250.00.


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PostPosted: Thu Feb 23, 2017 7:34 pm 
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Joined: Tue Jun 14, 2016 8:33 am
Posts: 1659
Location: Kingston, ON, CA
If it is a sealed, NIB item, and 'salable', you'll get 25% of the retail. They make the advertised price as being up to 65-70% of retail and sell at up to 50% of the retail.

In the pawn shop business, any greater payment to a seller....or a lower cost to a buyer, makes for going out of business.

People have to be in stress to sell there, for the most part, or behind the eight ball.

Or, they even get CC cards, before their credit goes bad or is going bad, and then buy high value easy sale items, and sell them on kijiji or to pawn shops. Not ethical, but the onus is on the card holder.

When you see the same person selling 1-2-3 Sony PS4 Pros or whatnot, on Kijiji (choice item that holds it's retail sale price used), that is what is generally going on.

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PostPosted: Thu Feb 23, 2017 8:27 pm 
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Location: Burlington, ON, CA
Teo Audio wrote:
If it is a sealed, NIB item, and 'salable', you'll get 25% of the retail. They make the advertised price as being up to 65-70% of retail and sell at up to 50% of the retail.

In the pawn shop business, any greater payment to a seller....or a lower cost to a buyer, makes for going out of business.

People have to be in stress to sell there, for the most part, or behind the eight ball.

Or, they even get CC cards, before their credit goes bad or is going bad, and then buy high value easy sale items, and sell them on kijiji or to pawn shops. Not ethical, but the onus is on the card holder.

When you see the same person selling 1-2-3 Sony PS4 Pros or whatnot, on Kijiji (choice item that holds it's retail sale price used), that is what is generally going on
.

Where do you get these 'strategies'? The only thing a person would be doing there is using the money to buy illegal drugs, or guns. You could, on your last legs, get 100% value for your CC on lodging, groceries, booze, gasoline, probably even bus fare.

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Last edited by Che Cavolo on Thu Feb 23, 2017 9:19 pm, edited 1 time in total.

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PostPosted: Thu Feb 23, 2017 8:55 pm 
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Joined: Fri Apr 01, 2005 7:15 am
Posts: 4663
Location: Newmarket, ON, CA
... these pawn shop owners are a breed apart, seemingly oblivious to the consternation and torment they cause the common man, or secretly enjoying ... the jury is out.


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PostPosted: Thu Feb 23, 2017 10:16 pm 
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Joined: Sat Jan 31, 2009 8:54 am
Posts: 119
Location: Stratford, PE, CA
We have one pawn shop in Charlottetown, not much to offer,overpriced Fisher Speakers, A\V amps that you wouldn't place in your car.

However monopoly wins every time!


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PostPosted: Fri Feb 24, 2017 6:42 am 
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Joined: Mon Jun 11, 2012 11:25 am
Posts: 241
Location: Toronto, ON, CA
If you understand that overcharging (usury) is the modus operandi of the pawn business, then you should not be surprised at all by the prices asked for pawned goods.


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PostPosted: Fri Feb 24, 2017 8:52 am 
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Joined: Tue Jun 14, 2016 8:33 am
Posts: 1659
Location: Kingston, ON, CA
Che Cavolo wrote:
Teo Audio wrote:
If it is a sealed, NIB item, and 'salable', you'll get 25% of the retail. They make the advertised price as being up to 65-70% of retail and sell at up to 50% of the retail.

In the pawn shop business, any greater payment to a seller....or a lower cost to a buyer, makes for going out of business.

People have to be in stress to sell there, for the most part, or behind the eight ball.

Or, they even get CC cards, before their credit goes bad or is going bad, and then buy high value easy sale items, and sell them on kijiji or to pawn shops. Not ethical, but the onus is on the card holder.

When you see the same person selling 1-2-3 Sony PS4 Pros or whatnot, on Kijiji (choice item that holds it's retail sale price used), that is what is generally going on
.

Where do you get these 'strategies'? The only thing a person would be doing there is using the money to buy illegal drugs, or guns. You could, on your last legs, get 100% value for your CC on lodging, groceries, booze, gasoline, probably even bus fare.


The data is related to how pawn shops operate. If you ask them how they buy, the post you quoted is what you'll get back from them.

If you began to inquire about some of the deals they come across, this is the kind of story you will get.

Not one ounce of projected speculation or non-reality to it. The underbelly of the pawn shop world and their customers? Not quite. It's openly stated if you inquire or know pawn shop owners and employees.

The sale can be for drugs, or it can be for survival purposes. The next thing you find, if you look and ruminate, is that fraud cannot be proven as intent, if items are bought and sold for cash. If the card is obtained, and then used to grab cash and then declare bankruptcy, etc, then there is a direct path to potentially proving intent to defraud. The two step and the losses, keeps that potential criminal charge out of reach.

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