Pricing smartwatches at the pawn counter
Short answer: identify the exact model, size and whether it has cellular, make sure it is unpaired and free of the owner's account lock, check the battery and screen, and price from recent real sales of the same version.
Identify the exact version
- Model and series. Each new series lowers the value of the older ones.
- Case size and material. Larger sizes and premium materials often sell for more.
- Cellular or GPS only. The cellular version usually sells for more.
Account lock first
Many smartwatches are locked to the owner's account, like phones. Ask the customer to unpair the watch and remove it from their account in front of you. A watch that still asks for the previous owner's account is very hard to sell.
Condition checks
- Scratches or cracks on the screen.
- Battery that charges and lasts through a normal day.
- Sensors, buttons and the crown respond.
- The charger is included, because many are specific to the brand.
- The band: original bands add value; worn bands can be replaced.
Price from comparable sales
Use recent real sales of the same model, size and connectivity. A newer series in a listing tells you little about an older watch.
How PawnMeter helps
The clerk types the brand, model and condition. PawnMeter shows what the same model 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.
Become a pilot partner