Things to Know About Pawning a Gun | Chesapeake

If you're in a pinch financially, you might have thought about selling your gun for cash. However, if you would really prefer to keep your gun for home defense, hunting, or other purposes, you do have an alternative: pawning it. At Chesapeake Pawn and Gun, you can use your used firearm as collateral for one of our loans. This may be a good idea for you if you need a fast and easy loan.

The Basics of Pawning Your Gun

The process of pawning your gun for extra cash is actually very easy. First, you visit a pawn shop and federal firearms licensee like Chesapeake Pawn and Gun. Bring your gun and ID with you. When you come in during our normal business hours, we'll assess your gun similarly to if we were buying it. If you're wondering why we will value your gun when we aren't actually buying it, the answer is simple: doing so allows us to make you a loan offer. The amount we loan gun owners is based on the value of their gun. This makes things easy; because your loan is actually secured by your gun, we don't have to take the steps that other lenders take, such as running a credit check or verifying that you're employed and have a steady income. For borrowers who struggle with getting approved for loans, we offer a perfect solution. Once we've checked the type, make, model, and serial number of your firearm, we'll offer you a fair price for a loan. If you're ready to move forward with the borrowing process, just leave your firearm at our place of business until you're ready to repay the loan. Don't worry; we'll keep your firearm safe and secure until you're able to repay your loan and pick it back up. ​If you're ready to get your firearm back, just repay your loan before the due date. We'll go over all of this with you, including when you need to repay your loan by and how much you'll be paying in interest, but you can also find this information on your pawn ticket.

Chesapeake Pawn and Gun is the Best Place to Pawn a Gun

You can visit any pawn shop to take out a pawn loan, but Chesapeake Pawn and Gun offers you the best way to pawn your gun. For one thing, we are your local FFL dealer, and we're familiar with all firearm regulations. Also, because our specialty is guns, we're often willing to offer a higher loan amount for firearms of all brands and models. Basically, we're more like one of the best local gun shops than what you might think of when you think of a pawn shop. Lastly, good customer service is our top priority, and we have knowledgeable staff. Skip the other pawn stores and come to Chesapeake Pawn and Gun any time that you want to take out a pawn loan. At Chesapeake Pawn and Gun, we follow all gun laws and federal regulations. We also accept many different types of guns for our pawn loans. Long guns and handguns are both more than welcome here! We make loans on Beretta, Smith & Wesson, GLOCK, and more!

Important Things to Know About Pawning Your Gun

You may have visited local gun shows or gun shops in the past, or you might have handled a few private transactions involving the purchase or sale of a firearm. If you've never pawned a gun before, though, these are some of the most important things for you to know.

● You will be subject to a background check before you get your firearm back. This is in accordance with local laws and state laws, as well as federal law. Basically, a pawn transaction involving a gun is considered the transfer of a firearm, and the FFL transfer is why a background check is required. This background check is done to make sure you haven't been convicted of criminal charges that prevent you from meeting the legal requirements on a state or federal level to possess a firearm. ● If you can't repay your loan or decide you don't want your gun back, it's no big deal at all. Our pawn and gun store will just keep your gun to recoup the money from the loan. Your credit score will not be affected. ● You do need to bring your government-issued ID. ● Make sure your firearm is unloaded and that the safety is on. As a licensed dealer, we take gun safety very seriously, so we ask that you follow basic gun safety practices any time that you're in our store. This benefits us, you, and every private citizen who visits our store. ● You don't have to have a bank account, nor do you have to worry about cashing a check when you pawn your gun with us. Get your loan funds in cash today. ● If you no longer want ownership of the firearm, use us as the potential buyers of your used or new guns. Not only do we offer pawn loans, but we pay cash for guns, too! We have many potential customers who prefer to come to us over private gun sales. Since we're firearms dealers who are heavily involved in the sale of firearms, we're always happy to buy used guns to put up for sale in our shop. You also have the option to trade firearms here; bring in an unwanted gun and trade it for something else we have in stock!

If you're ready to take out a pawn loan with your gun, visit Chesapeake Pawn and Gun, your local gun shop and pawn store. We're ready to help, and we offer the easiest way to turn your firearm into cash, all without having to sell it forever. Visit us today for anything and everything related to guns! You can pawn your gun, sell your gun, or buy a new firearm or used firearm for a great price. From firearm sales to cash loans, we do it all.