Month: July 2018

5 Things to Consider before pawning any luxury item in a local pawn shop

local pawn shop

When tough times hit hard, people often look to pawn shops to acquire value from their luxury assets, securing a safety pawn loan that covers short-term financial needs. Not only does a pawn shop offers an excellent way of raising money off the things that you probably do not use or want, but a pawn shop is also a place where you can secure an instant cash loan without troublesome credit checks. While more and more people are now turning to pawnbrokers for procuring instant loans, high-end pawnshops are monitoring their security systems carefully to shield their inventory.

If you are considering visiting a pawn shop to unlock the value of your luxury item, here are five things that you should consider before accepting offers:

  • Track record

With the increasing popularity of some TV shows that focuses solely on pawn shops, more individuals are opting for the convenient pawnbroking service to pawn as well as sell their valuables. However, before you visit a local pawn shop, it may be worth considering two things:

One, how long the pawn shop has been in this business? And,

Second, how long they have been at their present location?

Look:

It is always important to choose a well-established business that has had a long track record and pleasant dealings with the community. Here at The Luxury Hut, we pride ourselves on our proficiency to provide our potential customers with elite service for many years.

  • Qualified team

When you choose to pawn or sell a luxury asset, it is essential to have an idea about the possible value of your item in the recent market before walking in the door of a pawn shop. Keep in mind:

Virtually all reputed and reliable pawn shops in London or any other big city have a qualified team of professionals who have extensive knowledge and experience to assess an accurate value of any luxury asset.

Want to know the best part?

With more than 40 years of experience, experts at The Luxury Hut are always on hand to provide you with their unsurpassed and expertise valuation service at no cost to you. Just call us on 0207 242 5411 to communicate with one of our team members and get expert advice on our fantastic pawnbroking or selling process without any obligation.

  • Legitimate business

When you decide to sell or pawn with The Luxury Hut, you may wonder:

‘Is The Luxury Hut properly licensed?’ or, ‘How The Luxury Hut is regarded among its trade organisations?’

Although there may be media speculation around pawnbrokers, often portrayed negatively in the press, the fact is that all pawnbrokers are now heavily regulated and required to acquire a license from the Financial Conduct Authority to trade. And, we at The Luxury Hut are also the members of the National Pawnbroking Association and strictly adhere to their guidelines.

  • Ways to value a luxury asset

You might be wondering:

‘How does the process of valuation work?’ or, ‘Does the appraisal process wholly describe your asset?’

Look:

If a pawnbroker does not carry out the process of valuation precisely and carefully considering all the significant aspects, you may not end up getting the actual value that you can potentially obtain.

The Luxury Hut executes elaborate valuation process, aided by our team of experts that includes a close assessment of every item on its merits and innate qualities as well as crucial aspects like the brand, age, and condition to provide our customers with the best offers possible in the market.

  • Security of items

As already mentioned above, a good pawn shop always monitors their security systems carefully for protecting their inventory. A pawnbroker is conscious of the fact that poor storage facility can hamper his/her business. While in his/her possession, if valuables are destroyed or stolen, customers will never want to engage in future and it may potentially run the business to the ground.

As with any trustworthy high street pawnbrokers, The Luxury Hut stores all precious assets safely in special holding vaults that are fully secured and insured.

Thus, get in touch with the experts at The Luxury Hut today and pawn your luxury asset with confidence and peace of mind. We are happy to help you wherever we can, making the process of selling and pawnbroking easy, secure and straightforward for you.

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  • Suite 45, 88-90 Hatton Garden, London, EC1N 8PN
  • 0207 242 5411
  • info@theluxuryhut.com
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