Wondering what I can pawn for $500? When you need emergency money, you are not alone.
Research shows that within the US, 4 out of 10 households wouldn’t have the opportunity to cover an emergency expense of $400. And such research has been carried out before the recent global chaos of lockdowns and layoffs, so it is probably going that the situation is not any higher now.
When you’re facing expenses but have little savings, it’s possible you’ll be looking around your house and wondering, “What can I pawn for $500?” Below you will see some ideas.
Note: Pawning is simply a superb option if you need to have the opportunity to buy the item again at a later date. Otherwise, you may normally get extra money by selling your item directly on a platform like eBay or to an area buyer.
What can I pawn for $500? $1,000, $100 or simply $50?
Whenever you pawn an item, you may expect to receive 30-70% of its value, depending on the particular store and the condition of the item.
So, to make $500 by pawning a single item, its actual value should be greater than $500. Listed below are some items that fall into this category.
Pawn vehicles for $500 or more
When you need a considerable amount of money quickly, selling or pawning your vehicle or taking out a secured loan could also be an option. Your vehicle should be roadworthy, in good condition and have a paid-off title (no automobile loans).
The quantity you may receive to your vehicle may vary depending on make, model, mileage and condition. When you pawn your vehicle, the pawn shop will keep your automobile and you will not have the opportunity to drive it until you pay it off.
A title loan (available only in limited states) may will let you keep your vehicle so long as you retain your payments current. Make sure to discuss your options with the pawn shop and browse the documents fastidiously to be certain you understand the small print before signing.
$500 pawn technology
Your tech collection is the right place to start out in search of an item you may pawn for $500.
Smartphones could have a resale or lien value of as much as $350 if you may have one in all the newest models.
Since you will only get a fraction of the worth at a pawn shop, breaking $500 to pawn one phone could also be difficult – but you’ll have several.
Older mobile phone models may qualify for a lien, but you must expect to pay less for older phones, especially in the event that they are in poor condition.
Laptops or desktop computers (especially newer and costlier versions like gaming computers) can often be value over $500 and supply a superb return at a pawn shop.
MacBook can get a superb price too. Cheaper computers and laptops can be pawned, but you must expect lower amounts.
Computers and devices which are older and in poor condition may not qualify for a lien or will receive much less.
Before you arrange your computer, back up your files so you may access them.
Televisions they are actually very reasonably priced to purchase recent, which also means they do not have as much vertical value.
Smaller TVs (under 32 inches) can get offers of $25-$40 at a pawn shop. Larger TVs can receive as much as $200 in the event that they are newer and in good condition. Older TVs and certain brands may qualify for lower amounts.
If you may have a broken TV, you must try the places where you may sell it.
DSLR cameras You possibly can pawn them in the event that they are in good condition. The quantity you receive is dependent upon the brand and the accessories (comparable to extra lenses) you may have for it. Payment amounts for pawned cameras can range from $10 to $300.
Wearable gadgets comparable to smart watches or luxury headphones, may differ within the amount of cash received.
Apple Watches can cost anywhere from $20 to $130, depending on the model and condition. High-end headphones can fetch as much as $100.
$500 pawn shop tools
Do you may have a shed stuffed with tools that you simply rarely use? Putting them upright until you wish them again can aid you survive an emergency.
Not all pawn shops will accept every type of apparatus, but you may call and ask about tools comparable to:
- Lawnmowers
- Drill sets
- Electric saws
- Air compressors
- Sanders
- Generators
- Plumbing equipment
- Key sets
- Mechanical tools
- E.t.c.
Crucial aspects that can determine the worth of your tools are their brand and condition. You’ll have to pawn multiple tools to succeed in $500.
If you need to get more money, you must consider selling your tools.
Pawn shop jewelry for $500
Jewelry is commonly one in all the primary things people take into consideration pawning, and for good reason. It’s (A) often very priceless and (B) something you may easily live without for so long as you wish.
The one sticking point is whether or not it’s sentimental value, but ultimately your financial well-being outweighs most physical possessions.
Start with low-stakes jewelry that is easier to part with:
- Necklaces
- Shackles
- Watches
- Earrings
- Bonds
Ultimately, these will likely be family souvenirs and engagement or wedding rings. I feel in the event you end up in a difficult situation, your ancestors will likely be glad to assist.
With rings, you and your companion can temporarily replace expensive wedding rings with cheaper alternatives. You can even pledge your precious metals in a form aside from jewelry, comparable to a set of gold or silver coins.
$500 vertical musical instruments/equipment
If you may have musical talent, your instrument may feel like an extension of yourself. Or possibly it has been forgotten in a closet collecting dust since you’re too busy to rejoice. (I’m speaking from experience – I’m you, violin from the closet.)
Guitars, cellos and other instruments value $1,000 or more can earn you many hundred dollars at a pawn shop.
Recording or DJ equipment also falls into this category. When you played in a band or recorded music, podcasts, YouTube videos, etc., you’ll have professional-quality microphones or speakers. Amplifiers are also a well-liked pawn item.
$500 vertical sports equipment/vehicles
That is one other good idea to pledge something because you may live without recreational items (even when life is less fun for some time).
Take into consideration any “toys” you may have for weekends or summer:
- Water skiing
- Nice kayaks
- quads
- Snowboards or skis
- Hunting or fishing equipment
- Golf clubs
- Bicycles
- Mopeds or motorcycles
Pawn or sell several cheaper items together
When you do not have lots of items value over $500, there’s nothing flawed with that. That is actually a superb thing since it probably means you are being financially responsible and resisting impulse purchases!
As an alternative, search your house, attic and garage for anything you do not use often. Small kitchen appliances, shoes/clothing/accessories from a superb brand like Hugo Boss, video game discs and other home goods can all add up.
Do not have anything left to pawn or sell? Learn 36 more ways to earn a living fast.