The Google Chromebook is a highly affordable line of laptops that a lot of people have.
The first Chromebook were released in June of 2011. Since they have have grown in popularity, largely in part due to their highly affordable price point. But does that really make them something that is desirable to a pawn shop?
How 'Pawnable' Is This Item
What Value Does This Item Have
Overall, newer Chromebooks are accepted by most major pawn shops, so they score a “Fair” in terms of overall pawnability. They unfortunately can’t score higher as older Chromebooks will often be turned away by pawn shops.
In terms of value, the most common Chromebooks you will find out there cost under $300 when they are brand new. With that in mind, they don’t bring a whole lot of money when you take them into a pawn shop. Because of that, most Chromebooks will only score a “Very Poor” rating in terms of the value you are able to get out of them at most pawn shops. For your average Chromebook, you will be looking at under $50 in most cases.
What To Bring With You:
When you take a Chromebook into a pawn shop, there’s only a few things that you should have with you upfront.
- You should know any password or login information needed to show that the laptop works as intended.
- You definitely need to bring the power cord in with you when you take your Chromebook into a pawn shop.
- Lastly, you will want to be sure that your Chromebook is fully charged before you take it into the pawn shop so that the pawnbroker can verify that the laptop works properly and as it should.
Percentage Of Pawn Shops That Accept This Item 40%
Percentage Of Pawn Shops That Consider This Item Desirable 1%
Average Redemption Rate For This Type Of Item 50%
Percentage of Households That Have This Type Of Item 30%
Percentage Of Times This Type Of Item Is Pawned vs Being Sold 70%
Unfortunately, due to their low value, not many pawn shops really take in Chromebooks, or at least not at the same kind of volume that they might take in other, better built and more expensive laptops. You are looking at a relatively low 40% of pawn shops nationally that would take in this kind of item. Of those that due take in Chromebooks, only 1% of them consider them to be truly desirable.
The average redemption rate of Chromebooks is lower than the national average for pawned merchandise at just right around 50%. There’s approximately 30% of households that have Chromebooks that they could consider taking into a pawn shop, and when they do, nearly 70% of individuals choose to just make a loan on their laptops versus selling them outright.
What Are Some Advantages To Pawning This Type Of Item
- If you can find a pawn shop that will accept your Chromebook, you will be able to generate some money out of a laptop that you might not use that often compared to any other computer (including your phone) that you have around the house.
What Are Some Drawbacks To Pawning This Type Of Item
- You will often not get very much for a Chromebook when you take it into a pawn shop. It’s just not something that they value very highly considering that you can buy them for less than $100 on eBay in most cases.
- It may be more difficult than you think to find a pawn shop that will accept your Chromebook. This is even more true if that Chromebook is older or in poor condition.
Pawning or Selling a Google Chromebook to a Pawn Shop
A Google Chromebook is a great computer for most students and even light use at home. They are inexpensive and perfectly suitable for most basic web browsing tasks.
That having been said, they are still rather limited in what you can do with them. For instance, they aren’t going to install and run a full version of Microsoft Office, and standard for most laptop owners.
Being that they don’t cost a lot new, obviously on the second hand market, they are going to be worth even less. Because of that, pawn shops just can’t give you very much for yours.
This is of course even more true if your Chromebook is older, or if it is damaged in any way.
Even the most expensive, newer Chromebooks will only bring $100-$150 at your average pawn shop, so keep in mind when you go that this is a not a super high value item.
It’s critically important to be sure that your Chromebook is fully charged when you get there. A pawn shop will want to verify that the laptop works properly and that there’s nothing wrong with it.
Knowing your passwords will also be important. It would be a fatal mistake to forget the power cord as the Chromebook would have virtually no value if it couldn’t be charged should you end up forfeiting it while it was in on loan.
If you are thinking about outright selling your Chromebook, I might suggest that you consider the Facebook Marketplace or Craigslist instead. You may find that you get a little extra value there compared to a pawn shop.
That having been said, if you were just going to make a loan on yours, then a pawn shop is still the best route as you can get it back that way.
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.