When it comes to pawn shops, they are known for buying and dealing with all sorts of merchandise.
That’s almost a pawn shop’s defining characteristic in many cases.
They have to be experts in everything, or at least know enough about the items to be able to buy and resell them easily.
Of all of the things that come into pawn shops, cell phones are pretty common.
Now, with this in mind, it’s worth pointing out that not all pawn shops take cell phones, or electronics in general.
So obviously, in these cases, the pawn shop in question wouldn’t take your cell phone at all, broken or 100% working.
Now then, what about the pawn shops that deal with electronics like cell phones regularly? Will these pawn shops buy your broken phone from you or even make you a loan on it?
Well, just like some pawn shops don’t take electronics, some pawn shops will consider taking broken phones if the problem is pretty simple to fix.
You see, pawn shops are in an interesting business. They have to figure out how to make money out of nothing sometimes and in many cases, that means networking with other businesses in their area.
If the pawn shop you are working with does cell phone repair on site, then obviously they would love to buy your cell phone from you no matter what is wrong with it.
If however, the pawn shop in question just partners with a local cell phone repair shop, they will likely only buy cell phones where the problems are really obvious – like a cracked screen or no battery, etc.
How Much Do Pawn Shops Pay For Broken Phones
The next logical question that you will probably ask is how much pawn shops will pay for broken phones.
That answer is much harder to boil down into a simple number for you.
It’s going to depend on a variety of factors such as:
- How much your cell phone is worth when it’s 100% working.
- How much demand there is for that cell phone.
- If the ESN is “Clear” or not.
- How expensive it is for the pawn shop to repair what is wrong with your cell phone.
- If the pawn shop even knows for sure that they can fix your cell phone to begin with.
If a pawn shop can’t easily determine these things upfront, you may find that they offer you very little for your cell phone unfortunately.
The reason being that they don’t know what their final cost will be to get it working like new again, and further more, they don’t know who they will be able to sell it to or for how much.
In these scenarios, pawn shop typically always play it safe and will pay very little for the items to minimize their risk.
But let’s face facts here as well. If your cell phone is busted up and unusable, isn’t some money better than none?
If on the other hand a pawn shop knows exactly what is wrong with the phone, know how much it will cost them to fix it, and feels that they will be pretty easily able to resell it after the repair, you may find that a pawn shop offers you a good amount of money for your phone.
This is particularly true in the case of things like iPhones and very new Android phones as there is still a lot of demand for these devices and the parts for them are easy to find in most cases.
But, to give you a range is really difficult.
It could be as low as $2 or $3 for a phone with no demand and unknown problems up to $200 or $300 for a newer iPhone is a simple problem that is easy to fix.
in short, how much a pawn shop offers you depends completely on the phone in question.
What If No Pawn Shops In Your Area Will Buy Broken Phones
If you run into a scenario where there are no pawn shops in your area that will buy your broken phone, not all hope is lost.
The first thing you should do is put an ad on craigslist.org for it. Try to describe whatever is wrong with your phone as well as possible as people will want to know what the issues are before the drive to meet you and look at it.
Additionally, there are cell phone repair services that advertise on craigslist normally.
Once you’ve posted your ad, you can contact them and show them your ad to see if they would be willing to buy your phone.
You may find that in some cases, they can help you get some money out of that busted up phone you’ve had laying around.
Failing all of that, you can put it on eBay, but don’t expect to get very much for it at all unless you have all of the information at hand.
- What is exactly wrong with it?
- Is the ESN totally clear and able to be activated?
- What carriers does it work with?
Either way though, hopefully now you have a better idea of what you can do to try to get rid of your broken cell phone and end up with a little extra money in your pocket.
WordPress junkie, music lover, and consumer of all things pizza-oriented. I’ve run pawn shops and check cashing operations for years. I developed the most successful digital marketing marketing strategy for pawn shops known to date, and flip items on eBay for fun.