The Samsung Galaxy S9 was considered a relatively tame update to the Samsung S-Series of phones, but a lot of people really love them.
But just because people love them, does that necessarily make them something that pawn shops will often accept for a loan or to buy outright from your if you want to sell yours?
How 'Pawnable' Is This Item
What Value Does This Item Have
Cell phones are tricky business for pawn shops. They are an item that is commonly stolen rom people, and because of that, pawn shops do end up seeing quite a few of them where they can’t really be sure if the person presenting it is the true owner. It’s an item type that presents a lot of risks for a pawn shop overall.
Because of that, like most cell phones, the Samsung Galaxy S9 will not be getting an excellent rating, but does pull in a pretty solid “Good” pawnability score. Of the cell phones out there, it is one of the more desirable, but at the end of the day, it’s still a risky item type.
In terms of value, it only scores a “Poor” rating, but this is because it’s very uncommon for a pawn shop to be able to offer you a full used value for a phone like this. They have no way of knowing if it is under previous contract, or lease, and as such they have to assume that the ESN may get blacklisted at some point in time in the near future should you end up forfeiting the item while it is in on loan.
If you are outright selling it, then that risk is even higher as you are declaring up front that you have no interest in getting the phone back. It raises red flags on if that phone will be able to be used like a phone for much longer once the transaction is complete.
What To Bring With You:
Like with most Samsung phones, their packaging accessories are often much higher quality than the replacement that you can find on Amazon, eBay, or the local store. Because of that, it is really beneficial for you to bring in the original Samsung cord and charger with you when you take yours to a pawn shop for a loan, or even if it is an outright sale. They are items that people look for when buying a used cell phone, so including them only helps your situation.
Percentage Of Pawn Shops That Accept This Item 60%
Percentage Of Pawn Shops That Consider This Item Desirable 20%
Average Redemption Rate For This Type Of Item 50%
Percentage of Households That Have This Type Of Item 10%
Percentage Of Times This Type Of Item Is Pawned vs Being Sold 50%
Quite a few pawn shops have stopped taking cell phones because of the risk involved in handling them and the frequency with which they are stolen. In fact, you’ll only find just over half of pawn shops still take them. This number is higher in more urban areas where flagship phones are more of a commodity.
Only 20% of pawn shops that deal with cell phones consider the S9 to be truly desirable. It has an average redemption ratio of roughly 50%.
Less than 10% of households have an S9 that they can take to a pawn shop and when they do, 50% of people choose to pawn it versus just outright selling it.
What Are Some Advantages To Pawning This Type Of Item
- You can usually get a decent price for a flagship phone like the S9, although this will decrease over time as the platform ages.
What Are Some Drawbacks To Pawning This Type Of Item
- It may be tougher to find a pawn shop that deals with cell phones versus things like fine watches and jewelry. There’s just a lot of risk associated with pawning and buying cell phones, so keep that in mind when dealing with yours.
Pawning or Selling Your Samsung Galaxy S9 to a Pawn Shop
Cell phones are something that can be pawned or sold, but not all pawn shops deal with them.
There are some really important things to remember such as having all of the accessories and understanding that if your phone is badly damaged, cracked, or scratched up – a pawn shop may not deal with it at all.
Samsung phones tend to be very expensive to repair. They don’t enjoy the same benefits as Apple’s phones do where you know exactly where to take it and how much it will cost if you need a screen replaced.
Additionally, you have to know upfront that a pawn shop is unlikely to give you the full fair used value for a cell phone because of the ways that they are purchased.
Typically they are financed and if yours is and your forfeit it, the carrier will blacklist the ESN number, meaning that the cell can’t later be activated for service.
Pawn shops know this and have been burned by cell phones in the past, so you are more than likely going to receive the “Bad ESN” value for your phone when you go to pawn or sell it to a pawn shop.
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.