From a tuner, straps, bow, to a case, these additions will increase your final payout amount. Make sure it is clean and functioning.Īs you prepare to sell, include any accessories you have. Make the necessary repairs to your guitar– fix a string or replace any broken parts. Whether you pawn or sell your guitar, there are easy ways to increase your loan or payout amount. If you do not pay the loan back by the end of that 30-days you can file for an extension or surrender your guitar as collateral payment. The payment plan is 30-days but varies by state. Your loan will be based on the market value of your item. Should you decide to pawn your guitar rather than sell it, you will be able to work with the shop on a payment plan. If a shop already has a few guitars they will give you a lower buying price than what your guitar is worth on the market.

On the flip side, there is a small chance they will deny you completely. This means will be difficult for you to get a lot of money back for your guitar. Musical instruments are some of the most pawned items in the industry. Market Value is the amount of money an item can sell for in a specific market. Once the transaction is complete, they resell the item at market value. You bring your item into the shop, where they determine how much money they are willing to buy it for. Selling an item is more straight-forward. Once you pay back the loan, you get the item back. When you pawn an item, the shop gives you a loan you agree to pay back over a designated amount of time. Sellingįirst things first, you have to know the difference between a pawn and a sell. Read on to learn how much pawn shops will give you for your used guitar. We will tell you more about how to use PawnGuru later on in this post, but first, we want to answer your original question, “how much do pawn shops pay for guitars?” PawnGuru allows you to compare all local pawn shop offers on your guitar in one space, all without leaving your home. PawnGuru eliminates the need to do manual research on which pawn shops in your area take guitars, as well as which ones will give you the best offer. This is an important benefit of using PawnGuru, as not all pawn shops will take guitars or other musical instruments. This means that you get to receive multiple offers for your guitar from interested pawn shops in your local area. The pawn shops interested in your specific guitar will contact you online to make a cash offer.

When you list an item such as your guitar on PawnGuru, your nearby pawn shops will be alerted to your listing. If you haven’t heard of PawnGuru, you should get to know us! We will be saving you tons of research into guitar pawn values and other pawn information.Įssentially, we provide a free online space for pawn customers and sellers of used goods to list their items for sale. Get local cash offers – free, fast & easy.

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