Pawn Loans Are Quick and Easy!

The epitome of shopping galore is always highlighted by the ability to shop for luxury designer products. If you come home with Chanel, Gucci, Hermes, and of course the Louis Vuitton, you automatically become the envy of many. People spend thousands upon thousands of dollars to ensure they’re secure with these status symbols, and more often than not, end up investing more money in these pieces than they do regarding properties and stocks.

While these purses can sit in their walk-in closets for the years to come, some people end up needing quick cash at some point. Most resort to selling their luxury purses through the digital world, but apart from this option, many turn to pawnshops to get cash off these special items.

But do pawnshops actually purchase designer handbags? The quick answer is yes, but with specific requirements. Other pawnshops only entertain specific brands, whereas others welcome them with open arms. The key is to find a pawnshop that accepts the kind of handbag in your possession.

It also pays to learn more about how things work, so here’s a quick and easy guide to follow:

Preparing Your Handbag

Your handbag may have cost you thousands upon thousands of dollars, but expect to receive around a maximum of 60% of its original value. As with every other item you bring into a pawn shop, certain factors will determine the final amount you can receive from the designer bag. Consider the following elements:

• Authenticity: The most important factor will be your bag’s authenticity, so it’s important to provide the pawnshop some proof. You’ll need the original receipt, along with its card or certificate.

• Cleanliness: If you show up with a dirty handbag, expect the full amount to go down. Bear in mind that the valuation process includes the cleanliness factor, so you’ll want your purse to be in the best possible condition. Any pockets should be cleaned out and if possible, have it professionally cleaned before the appraisal.

• Overall condition: Apart from authenticity and cleanliness, your bag will also be scrutinized for any wear and tear. You’ll most likely be required to hand over a bag in pristine condition, and anything less will not be accepted.

Note: Make sure to call or contact the pawnshop before your visit. It’s best to know if they accept the type of bag in your possession before visiting!

Other Considerations

If you’re not quite ready to part with your handbag yet, keep in mind that loaning is always an option. Receiving a loan in exchange for your bag is easy to do, as you only need to bring the item to a trusted pawnshop. The dealer will then provide an evaluation, where you’ll know how much the item is worth. You’ll then be given the chance to either sell or loan the item.

The Bottom Line

Designer bags are simply stylish and convenient, essentially a luxury good that can last you for years. For these reasons, people continuously invest in them, and such pieces continue to make a mark in the world. The modern woman is empowered by not only the style but the status symbol they hold. Unknown to many, they’re also empowered through the handbag’s value—which can be converted to cash at any time. If you have items lying around that can be sold some quick cash, bring them to a pawn shop—just make sure it’s one you can trust!

For the best pawn shop in Owensboro, KY, River City Pawn is the place to go. We offer you the best possible deals, ensuring that you gain the value you deserve. Visit us today!