The Note is Samsung’s true flagship cell phone and is loved by many.
But does that mean it is something that you can easily pawn? After all, didn’t some Note’s just suddenly burst into flames for no reason?
How 'Pawnable' Is This Item
What Value Does This Item Have
When it comes to the Samsung Note, they are one of those phones that people just generally love. They have huge screens, they are super easy to use, what’s not to like? Because of that, they receive a “Good” rating in terms of pawnability. It’s not higher simply because cell phone in generally don’t often get an “Excellent” rating, but among phones, the Note is certainly near the top of the charts.
When it comes to value however, the Note does slip somewhat down to a “Poor” rating unfortunately. Cell phones are a huge risk for pawn shops to take in and because of that, most pawn shops lean towards safety when determining how much to loan or pay you for your Samsung Note.
What To Bring With You:
When it comes to the Samsung Note, there are a few things that you need to be sure that you bring with you to the pawn shop when you take it in to have it looked at.
- Be sure that you bring the original Samsung cord and wall plug. Yes, you can find less expensive alternatives out there that work, but when we are talking about a flagship phone like the Note, a pawn shop typically would like to see the OEM accessories, not something that was $3 on eBay or $5 from your local corner store.
- Be sure that you bring the stylus with you. If your Note is missing the stylus, you may find that your phone is much harder to get a loan on than you originally thought. This is one of those must-have accessories when we are talking about making a loan against or selling your device.
Percentage Of Pawn Shops That Accept This Item 60%
Percentage Of Pawn Shops That Consider This Item Desirable 40%
Average Redemption Rate For This Type Of Item 70%
Percentage of Households That Have This Type Of Item 10%
Percentage Of Times This Type Of Item Is Pawned vs Being Sold 70%
In this rating area, the Samsung Note tends to bounce all over the place. Roughly 60% of pawn shops will take cell phones like the Note. This figure goes up even higher in more urban pawn shops where expensive flag ship cell phones are a more common commodity.
Of the pawn shops that accept them, only 40% of them really consider the Note to be desirable versus something like a Rolex watch, or a diamond ring for instance.
The average redemption ratio for Note’s is higher than average for most cell phones at 70%. This is still lower than the national average for all merchandise pawned, but for cell phones, they fair pretty well.
Only 10% of households have a Note that they may be able to pawn but of those that do, roughly 70% choose to just get a loan on theirs versus selling it outright.
What Are Some Advantages To Pawning This Type Of Item
- When it comes to pawning or selling a cell phone, the Note is one of the more desirable models and most major pawn shops that accept cell phones will be happy to see it come though the door as long as it is a newer model.
- If the phone is a newer model and in good condition (no cracked screen, etc) then you should be able to get a pretty good amount of money for yours, even if you are just making a loan on it versus selling it outright.
What Are Some Drawbacks To Pawning This Type Of Item
- Not all pawn shops take cell phones, so it may be tougher to find a pawn shop that will accept it than let’s say, gold jewelry for instance.
- You may find that you are offered the “Bad ESN” price for your phone. This is because cell phones are a more risky item for pawn shops to take in, so they can’t always give you a fully used value on them.
Pawning or Selling a Samsung Note to a Pawn Shop
Overall, cell phones are a pretty risky item for pawn shops to take in. That having been said, the Samsung Note is one of the most desirable cells on the market, so most will be able to help you with yours.
Keep ing mind though, only the newest Note is going to fetch top dollar.
Cell phones don’t age particularly well. The older your Samsung Note is, the less you are going to get for it. If it is very old, they may not be able to help you with it at all.
Condition is always a big consideration when it comes to the Note. Samsung doesn’t have stores like Apple where you can just go and have a screen repaired for a known cost. Replacing a cracked screen on a newer Note is very expensive, so if your phone isn’t in near-perfect condition, expect that to really work against you when the pawn shop is determining whether they can take it in and how much they can give you for it.
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.