You may have heard that pawn and gun stores like Chesapeake Pawn and Gun offer collateral loans on firearms, and you might be interested in borrowing money in this way. It's actually a very easy financial product to take advantage of, but it's normal to have questions the first time around. This quick guide should help you get a better understanding of things that you need to know before pawning a gun, but we'd be more than happy to answer any questions that you have, too!
How Does Pawning a Gun Work?
Many Hampton Roads gun owners decide to pawn their gun for a couple of very simple reasons: they're in need of cash, but they don't want to actually sell their gun forever. Some don't have the best credit score, while others just want a fast and easy loan that won't impact their credit score and that won't require them to use their credit cards. Why you want to take out a pawn loan doesn't matter; the process is simple.
Basically, you need to gather up any firearms that you're interested in pawning, then transport them safely to our pawn and gun store here in Chesapeake. Let one of our in-house experts know that you want to take out a loan. They'll assess the age, condition, make, model, and other details of your firearm. Since we have a lot of experience with new gun and used gun sales, we'll determine the value of your gun in no time.
There's no check into your employment history, and we don't care about bad credit or poor credit. You can borrow extra cash without visiting a financial institution. Instead, bring your gun to our local store for the fastest and easiest short-term loan out there.
How to Choose a Shop for Pawning Your Gun
Obviously, to take out a pawn loan, you'll need to visit a pawn shop. Don't make the mistake that some Virginia residents make by visiting the wrong pawn shop, though. Instead, visit a pawn shop that actually values guns and that will actually pay or loan what you deserve for your gun.
Chesapeake Pawn and Gun isn't just a regular pawn shop -- we're also your local gun store. People know us for offering great prices for new and pre-owned firearms; in fact, we even have an online store you can visit if you want to see our inventory! We're always buying guns, including long guns, semi-automatic firearms, used and new Glock handguns, and more. As you're likely starting to see, we're the superior pawn shop in Hampton Roads for everything related to guns. Once you visit us, we'll be the only pawn shop you'll want to deal with!
That includes when you're pawning a gun, too. There's really no better place in the Commonwealth of Virginia to get a pawn loan on a gun. Here's why:
● We accept many makes and models of firearms for our pawn loans. ● We always operate within local, state, and federal law and have a Federal Firearms License. ● Because guns are such a focus here, we deal with guns daily. You don't have to worry about us not recognizing your firearm or realizing its value. Since your pawn loan amount is based on the value of your gun, this matters. ● We're always potential buyers of firearms. If you decide you want to sell your gun instead of taking out a pawn loan, there's no reason to take the risk of dealing with a private individual and doing a private transaction. Let us be your prospective purchaser. We'll pay you more for your gun, whether you're taking out a loan or selling it. ● Great customer service is our priority! People from all around Chesapeake, Virginia Beach, and elsewhere around Hampton Roads know that we offer the best experience when buying, pawning or selling a gun.
Tips for Getting a Pawn Loan on Your Gun If you're in the State of Virginia and want to take out a pawn loan on your firearm, remember these tips:
● Prepare your gun before you bring it in. Safety is always of the top priority at Chesapeake Pawn and Gun. Unload all ammunition, and make sure your gun's safety is on before you bring it in. For everyone's safety, we ask you to please follow all responsible gun handling practices while you're in our store. ● Bring your ID and any relevant paperwork. Your ID is required for any pawn transaction, including those involving a firearm. If you have any paperwork for your gun, make sure you bring it with you, too. ● Be prepared for a short wait. We know your time is valuable, and we want to get you in and out of our store as quickly as possible! To make you a fair loan offer, though, give us a few minutes to look over your gun to assess its value. The average time doesn't take long, though, so don't worry. ● Bring more than one firearm for a bigger loan. You don't have to pick just one gun to bring. If you want a bigger loan, you can bring in every gun in your gun safe. You can also use other high-value items for a bigger collateral loan. ● Keep your pawn ticket. When you pawn your gun, you'll receive a pawn ticket. It will have information about your interest rates, due date, and more. Bring it with you when you come back to retrieve your gun and repay your loan if you can; it'll speed things up. ● Be prepared for a background check. As a pawnbroker and FFL dealer, we don't just have to perform a criminal history record information check on prospective buyers. If you pawn your gun to us, there is a change in possession. Even though it's temporary, a background check is required before you can get your firearm back, so make sure you're aware of this. ● Ask for more time. If you need more time to repay your loan, we can extend it. Just don't wait until the last minute. Visit us before your due date to ask for your extension, and it won't be a problem. We're flexible!
Chesapeake Pawn and Gun is here to help with your financial needs. Visit our gun and pawn store right here in Chesapeake today! We always keep the needs of the customer in mind, so let us know if you have questions or need help.
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