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Mistakes to Avoid When You Are Buying a Camera

Before you visit a pawnbroker to purchase a camera, it is important to do some research. There are many variables to consider, and you should only work with an experienced pawn shop that carries exactly what you want. Keep reading to learn how to avoid common camera buying mistakes, including emphasizing the pixel number, ignoring sensor size, and forgetting to undertake lens research.

Emphasizing Pixel Number

When you visit a pawn shop to look at cameras, it can be tempting to focus exclusively on pixel count. While it may seem like the highest pixel count will produce the best pictures, an experienced pawn broker advises clients to never rely on just this number. If you are concerned about the quality of your photographs, you need to have both a high pixel number and a large sensor.

Ignoring Sensor Size

When it comes to electronics buying, cameras are in a class of their own. The camera sensor is a key element of picture-taking, and it is a mistake to ignore the size of your camera’s sensor. If you are a professional photographer, you will likely need a camera with a full-frame sensor or a high-end APS sensor. For at-home use, you may want to consider a DSLR or CSC that uses a large sensor. If you are planning on shooting video as well, your sensor is especially important.

Forgetting Lens Research

Even if you are not experienced with electronics buying, you likely know that sharper lenses produce better camera pictures. If the camera you buy from a pawn shop does not come with a kit lens or you prefer a sharper image, you may want to consider researching and purchasing pricier lenses.

If you are in the market for a new camera and live in New York City, Brooklyn, Queens, Long Island, or the Bronx, check out the inventory at Gem Pawnbrokers. Our pawn shops are committed to delivering the highest quality cameras and electronics to our customers, and we are one of the largest pawnbrokers in NYC. Call us at (718) 596-5626 to find out more.

How Using Pawn Loans Protects Your Credit

There are times where a situation may arise that you need cash fast—an unexpected bill, medical expense, or perhaps you just need some extra spending money. At a pawn shop, personal items that are worth money can be used as collateral for a cash loan. While it varies by each transaction, generally the terms are set so that you pay back the money at an agreed upon interest rate over a short period of time. If the money is paid back in full, you get your item back. If not, the pawn shop can then resell your items to make a profit to cover the losses on the loan.

Since pawn shop loans are based off of collateral, defaulting on the loan will only result in the loss of your item. It will not impact your credit. In fact, a pawn broker will not take or run your credit history before agreeing on loan terms. Aside from potentially losing your items, there is no risk to your credit when taking out a loan with a pawn shop.

To learn more about risk free loans at a pawn shop in NYC, visit Gem Pawnbrokers. For more information about pawn services, call (718) 596-5626.

A Newcomer's Guide to Pawn Shops

Many people have heard of a pawn shop, but not everyone knows how a pawn shop works. If you find yourself in need of cash quickly, a pawn shop may offer a faster alternative to a traditional loan. Generally, a loan at a pawn shop works by leveraging personal items as collateral. In many cases, pawn shops will offer to buy gold or other valuables. Pawn shops often buy items outright to resell in their shops. If you are looking for expensive items, like jewelry or electronics, you can find great deals at pawn shops. Keep reading for answers to some of the most common questions about pawn shops.

What Does a Pawn Shop Do?

A pawn shop operates by offering cash loans in exchange for valuable personal items as collateral. The terms of the loan will be set, such as interest and duration of the loan. The amount of the loan given is determined by how valuable your items are. If you are unable to pay back the loan according to the terms agreed upon, then the pawn shop will gain ownership of your items. The items are then sold from the pawn shop for resell value.

How Do I Pawn My Items?

Some of the specifics may vary depending on which pawn shop you visit and their own personal policies. You should have a general idea of how much your item is worth before pawning. You will need personal identification and your item that you are pawning.

What Are the Benefits of Pawning Items?

The biggest benefit of pawning an item is that you get cash quickly. You do not need to have good credit either, so it is an option for individuals with lack of credit history. You do not need a cosigner either, and you can pawn items without having a bank account. Since the loan is based on collateral, defaulting on the loan will not negatively affect your credit—it will only result in loss of ownership of the item.

Learn more about pawning your items at Gem Pawnbrokers. Call (718) 596-5626 to talk to a pawn broker in NYC today.

FAQs about Pawnbroking

One of the biggest misconceptions about pawn broking is that many of time the items in a pawn shop are stolen. In fact, it is quite the contrary. Pawnbrokers work closely with law enforcement agencies and adhere to strict regulations to prevent the pawning and selling of stolen items.

In this video, you will hear from members of the National Pawnbrokers Association answering some of their most frequently asked questions. You’ll learn more about the pawning process and hear some of the most interesting items that are commonly pawned—it ranges from pawn jewelry to sports memorabilia to electronics and everything in between.

If you have any questions of your own about pawnbroking, visit Gem Pawnbrokers. Call our pawn shop in NYC at (718) 596-5626.

Tips for Getting the Best Price for Pawning Your Items

If you are tight on cash but own personal belongings that are valuable, a pawn shop may be a good option for you. In many cases, an individual can take valuable items to a pawn shop in exchange for a cash loan. The terms of the loan can vary, and the pawn broker may offer to buy the item outright to resell instead. If you are new to pawning your items, there are a few helpful hints to keep in mind. This article will highlight some of the things you can do to ensure you are getting the best price for your items.

Do Your Research

The first thing you should do when pawning an item is to find out how much your item is worth. This will give you a better idea of what type of value your item holds and will help you identify whether or not you are getting a good idea. If you want to pawn jewelry, you can usually take items to a jewelry store and have them appraised. With electronics or other items of value, do your research online to see how much similar products resell for, as well as whether or not there is a demand for the item.

Don’t Be Afraid to Negotiate

To get the best price when pawning your items, you should be able to negotiate. If you take the first number offered, there is a good chance you might not be getting the best deal. If you present your item and price, a pawn broker will likely try and get the item for much less. It is helpful to predetermine a price you have in mind, and if you are unable to get that offer, do not be afraid to walk out and find another pawn shop.

Do Present Your Items in Their Best Condition

A big mistake many people make when pawning items is not cleaning them first. If you have an item that is worth a lot of money, it should be in good condition so the pawn broker can evaluate its true value.

Learn more about getting the best price for pawning your items at Gem Pawnbrokers. Call (718) 596-5626 and be sure to ask about cash for gold in NYC.

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