HOW A PAWN WORKS

 

It really is as easy as 1, 2, 3.

  • Bring us an item of value

    We loan on almost anything and stock almost everything, including gold jewelry, watches, tools, electronics, musical instruments, cameras, game systems, video games, firearms and more. Simply present your item (collateral) to one of our friendly customer service representatives for a loan appraisal and you'll have a loan appraisal in minutes.

     

    Pawn loans are based on the value of your item—its current value and its current condition. We have an internal pricing department that researches thousands of items so we know what the item’s retail value was when it was new, what it sells for used, and how to determine its condition (good, better, best). At West Coast Pawn and Gun, Inc, you can feel confident that you are getting a fair price for your collateral.

  • Show us a valid picture ID

    We accept any valid state- or government-issued photo ID, including a driver’s license, passport and military ID. 

  • Get money in minutes

    The process typically takes about 10 minutes and all loans are funded in cash with no credit check and no hassles. And, paying us back is easy too.

     

    We will also purchase items of value if you do not want to get a pawn loan.

 

 

 

Pawn Loans

  • How does a pawn loan work?

     Loans are based on the value of your collateral, not your credit rating or pay schedule. Subject to individual state laws, a typical pawn loan may have a term length of 30 days/one month, plus a 30-day/one month grace period. If you cannot pay back your pawn loan in full, including any applicable grace period, we offer extensions/renewals  to give you extra time. You may also choose to surrender your collateral as payment in full.

  • What is an extension?

    If you are unable to pay back your pawn loan in full on its due date, you may be able to get an extension on your pawn loan, if permitted by state law. With an extension, you will be required to pay a portion of the interest owed, then will be due again in 30 days.

  • Will I lose my merchandise?

    The majority of our customers repay their pawn loans and pick up their merchandise. If a customer chooses not to repay the pawn loan, the merchandise/collateral for the loan is forfeited.

     

    We will also purchase items of value if you do not want to get a pawn loan.

  • How do you determine an item’s worth?

    We base pawn loan amounts on the value of your item—its current appraised value, its current condition and our ability to sell the item. We use all the research tools we have at our disposal to determine an item’s value and get you the most money we can.

FREQUENTLY ASKED QUESTIONS

 

  • How do you determine the value of jewelry?

    When jewelry is the collateral for a pawn loan, we test the precious metals and diamonds to determine its worth.

     

    The diamond testing includes a visual inspection using a jeweler’s loupe, weighing the item, sizing (determining carat weight) any stones, and noting the cut/color/clarity of each—you may know this as the 4 Cs.

     

    In addition, we test the metal using a special acid that determines the karat of gold. This is done to ensure a clean test so there are no false readings on your item that may detract from what we can loan you.

  • How do you determine the price of gold?

    The price of gold is based on market values, the price for which is routinely reviewed and updated by our internal pricing department. Prices can vary greatly as the loan amount for 24K gold is significantly higher than that of 14K gold.

  • Can you give a quote on an item over the phone?

    Unfortunately, we cannot give quotes over the phone because loan amounts vary greatly depending on the condition of an item. 

  • Is my collateral safe while in pawn?

    While your item is in pawn, you still own it. It is our responsibility to keep it safe and in good condition while it’s in our care. When you give us an item for pawn, we keep all accessories (remote controls, cables, etc.) with your item and place it in a secure area. Your item is safely stored here until you come back to pay your pawn loan in full and claim your merchandise. West Coast Pawn is fully insured for the loan value of the collateral we keep.

© 2023 by Success Consulting. Proudly created with Wix.com

  • Wix Facebook page
20200530_110823

20200530_110823

20200530_110820

20200530_110820

20200530_110818

20200530_110818

20200530_110815

20200530_110815

20200530_110812

20200530_110812

20200530_110807

20200530_110807

20200530_110805

20200530_110805

20200530_110803

20200530_110803

20200530_110800

20200530_110800

20200530_110758

20200530_110758

20200530_110754

20200530_110754

20200530_110749

20200530_110749

20200530_110751

20200530_110751

20200530_110744

20200530_110744

20200530_110741

20200530_110741

20200530_110737

20200530_110737

20200530_110733

20200530_110733

20200530_110729

20200530_110729

20200530_110724

20200530_110724

20200530_110718

20200530_110718

20200530_110713

20200530_110713

20200530_110709

20200530_110709

20200513_102230

20200513_102230

20200513_102236

20200513_102236

20200513_102223

20200513_102223

20200530_110705

20200530_110705

20200530_110700

20200530_110700

20200513_102136

20200513_102136

20200513_102130

20200513_102130

20200513_102152

20200513_102152

20200513_102143

20200513_102143

20200530_111949

20200530_111949