FAQ's

GARDEN CITY PAWN FAQs

Pawning is the quickest and the easiest way to borrow money without the hassles of credit checks and lengthy loan applications. Pawning is where you get a cash loan against an item, and the pawn broker stores the item with them until you pay the total loan amount along with any applicable interest & fees or the pawn contract defaults.

No, as pawn loans are based on the value of your collateral items & not your credit rating.  Your credit rating will never be affected.

No matter what condition your jewelry is in, precious metals still hold their value which depends on the prevailing gold & silver market rates.

We typically accept most item that have a resale value like - gold, silver & diamonds, platinum, jewelry; coins, bullion; luxury watches & handbags; guitars & musical instruments; electronic items like TVs, cameras, music systems, Iphones, laptops, Video Game Consoles; Select Power tools and more.

The value of the item is determined based on its age, current working condition, appearance, missing parts or documentation, and it’s demand & ease or resale. The value of precious metals is made through the prevailing market prices.

Pawn loans in Michigan are for 90 days and can be renewed every 90 days until paid off. We also offer a 10 day grace period past your due date at Garden City Pawn.

Your loan can be renewed for another 90 days by just paying fees that are due. In case you don’t wish to pay for or redeem your item, you can let the loan term expire and the pawn store will take legal possession of the item and sell it.

No, the ownership remains with the customer until the pawn loan expires. Your item is placed for sale only in case you fail to renew the loan or pay it in full within the loan term and any applicable grace period.

Yes, anyone can make a payment for your loan, but only the original pledgee is allowed to pick up the item.

Pawn loans can only be paid off & renewed in store with cash, but you can renew your loan on our app with a debit card, however you can pay for purchases with cash & both debit & credit cards.

Yes, we usually inform our customers through text when the loan is coming due.

You can pawn as many items as you wish and borrow as much cash as you need.

Yes as pawn shops are highly regulated on a local, state and federal level.

At pawn shops, one gets merchandise at 35-75% off prices as compared to the retail stores.

Procuring a pawn loan is the easiest way to meet short term financial needs without the hassle of credit checks and lengthy loan applications and bank procedures. A pawn loan can be acquired within minutes.

  • You bring your item to our pawn store
  • Our experts do an on the spot appraisal & inform you about the allowable loan amount
  • You produce a valid ID.
  • Sign the required documents
  • You get instant cash

No as pawn shops are highly regulated and work very closely with the local, state & federal law enforcement officials. In-fact pawn shops are the least likely places for getting rid of stolen items in 2023. Moreover, pawn brokers are highly trained in order to identify stolen items & are always on the lookout for the same. Overall, less than 1/10 of 1% of the items are identified as stolen goods.

Garden city pawn

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  • Speak To Our Team!

    Have questions? Speak to one of our experts for any questions you have about pawning, selling or buying!

  • Get A Quote

    Get an absolutely free quote for your items, simply text us the details of your item at 734-526-1169.

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