Pawn shops offer customers a unique opportunity to get a loan and use items such as compound bows as collateral. But do pawn shops actually buy compound bows? The short answer is yes. Pawn shops will purchase compound bows based on several factors, like the condition and age of the bow, its features, and the market demand.
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Do Pawn Shops Buy Compound Bows?
The quick answer is yes. Pawn shops are open to considering compound bows as not only collateral but also for outright sales. When considering selling your compound bow at a pawn shop, it is essential to understand the marketplace for compound bows. Before you go to the pawn shop, here are a few tips to help you get the fair value for your compound bow.
Compound Bow Condition
As with any pawn process, the condition of the compound bow being offered to the shop is of paramount importance. Pawn shops are interested in purchasing compound bows in good condition, meaning no deep dents or chips in the limbs, no bow string damage, and functioning cams. It is also a plus if the bow includes its original parts, such as screws, accessorized parts and its manual.
Compound Bow Features
Pawn shops will take into account the features of a compound bow. For example, how fast is the draw and how much of a draw weight is needed to pull the string back? What type of cams are on the bow, as well as what type of materials are they made of? Another important factor is the brace height, which is the measurement between the string and the grip.
Market Demand
The market demand for compound bows from the pawn shop’s perspective is also important. Knowing what model and make is the current trend is important for the shop. This kind of information is usually easy to find online for the current market trends for compound bows.
Selling Your Compound Bow
Before you go to the pawn shop, it is always best to shop around for the same model compound bow to see what the current market prices are for resales. The pawn shop may use this information to determine what they are willing to offer you. Also, you want to make sure that if the pawn shop purchases your compound bow outright, the amount they offer you is fair based on the current market rate.
In conclusion, pawn shops are open to purchases of compound bows. It is important to note the condition of the bow, its features, and the current market values for the model before going to a pawn shop to sell your compound bow. Doing research prior to pawning or selling your compound bow will ensure that you get a fair price for the item.
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Last update 2021-01-05. Price and product availability may change.