Pricing household appliances at the pawn counter
Short answer: lend on appliances only after testing them, identify the exact model and its age, check that all parts are there, and price from real recent sales of the same model. Bulky items cost space and are slower to sell, which belongs in your loan percentage.
Which appliances sell well
Smaller, branded appliances that people buy second-hand, such as cordless vacuum cleaners, coffee machines and kitchen machines, are usually easier to sell than large, heavy ones. Your own sales history will show which categories move in your shops.
Identify the model and age
The rating plate, often underneath or on the back, shows the model number and sometimes the production date. A newer model of the same family usually sells for more.
Test it
- It switches on and runs through its main functions.
- No burning smell, unusual noise or leaks.
- For cordless items, the battery charges and holds a charge.
- Attachments, filters, cables and chargers are all there.
Cleanliness matters
A clean appliance sells faster. A dirty or heavily used one may need cleaning before sale, which is a cost.
Space and time to sell
Large items take shelf space and are slower to sell. If they stay in the shop for months, the loan should reflect that.
How PawnMeter helps
The clerk types the brand, model and condition. PawnMeter shows what comparable appliances really sold for recently at participating shops, or that there are no comparable sales.
PawnMeter: Type the item. PawnMeter shows the resale price and a suggested loan, calculated only from what comparable items really sold for. When there is not enough data, it says so instead of guessing.
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