When it comes to well known power tools, few are as well known as DeWalt tools.
Whether it is the older 14.4v, 18v, or 20v cordless tool sets, it seems as if everyone knows about this brand of power tool and normally, seems to like it.
How 'Pawnable' Is This Item
What Value Does This Item Have
Because DeWalt is such a well-known brand, almost every pawn shop that does take tools accepts them. Typically speaking, pawnshops have no problem selling them, so they have no problem taking them in.
So considering all of that, DeWalt tools rank with a “Good” pawnability score. It would be higher, except that not all pawnshops work with tools, so you may have a little trouble finding a pawn shop that will work with them depending on where you live and how many shops you have around you.
DeWalt tools only score a “Fair” ranking in terms of value. This isn’t because of the brand, but because tools by nature tend to be used fairly extensively, get dirty, and then they don’t get the kind of money their owners think they should because of what they cost when they were new.
What To Bring With You:
When you are taking your DeWalt tools into a pawn shop, there are some things that you will want to have with you of course.
Make sure that you have the batteries and that they are fully charged. The batteries in power tools tend to die quickly, and often times will need to be replaced. Pawn shops are used to seeing tools with bad batteries, so if yours aren’t charged, they will assume they are bad and it will hurt you when they are decided what to offer you for your items.
Makes sure that you have all of the parts for the tools with you. The base for a router, the foot for a reciprocating saw, etc. All of these odds and ends makes a huge difference in terms of the tools completeness and value.
Try to clean the tools up a little before you go. If you use your tools for work, they will definitely be a little dirty. A few minutes with a damp rag can do a lot for you.
Percentage Of Pawn Shops That Accept This Item 80%
Percentage Of Pawn Shops That Consider This Item Desirable 60%
Average Redemption Rate For This Type Of Item 70%
Percentage of Households That Have This Type Of Item 30%
Percentage Of Times This Type Of Item Is Pawned vs Being Sold 70%
Quite a few pawnshops do take in DeWalt tools are roughly 80%. Of those that do, 60% of them consider DeWalt tools to be desirable.
DeWalt tools enjoy a 70% average redemption rate. Approximately 30% of households have a DeWalt tool that they can use for a loan, and of those that do, 70% choose to make a loan on them instead of outright selling them to a pawn shop.
What Are Some Advantages To Pawning This Type Of Item
You shouldn’t have much trouble finding a pawn shop that will take in your DeWalt tools.
You should get a pretty good value for your DeWalt tools. This is particularly true if they are newer and clean.
Unless you regularly use them for work, you likely won’t miss your tools while they are in on loan.
What Are Some Drawbacks To Pawning This Type Of Item
If your tools are beat up, missing parts, older, or have bad batteries, you may find that the offers you get for them are pretty low.
Pawning or Selling DeWalt Tools At A Pawnshop
When it comes to pawning or selling DeWalt tools, pawnshops normally are a pretty good bet for most people.
While sometimes it can be a little tricky selling something like tools to the general public, pawnshops are almost always willing to work with you on them, especially when they are better brands like DeWalt.
Getting The Most For Your DeWalt Tools At A Pawnshop
The most important thing for you to do is to make sure that they are clean. Tools come into pawn shops looking disgusting most of the time, so if you are sure that yours are clean and presentable, you’re putting yourself at a real advantage.
The next thing is if it requires batteries, it’s really important that you do charge them.
Pawnshops get so many power tools in with bad batteries that.they just can’t afford to “Assume” yours are good, even if they are, but just uncharged.
If it is a corded power tool, then you will want to be sure that the cord is in good condition as well. If the cord has any kind of slices in it or other damage that may lead to a shock hazard, the pawnshop may not be able to take it in.
If it is something like the drill, or an older reciprocating saw, be sure that you have the chuck key with it as well if it uses one. Not having the chuck key often makes the tool unusable, s o its really a critical piece.
If your DeWalt tool has any kind of owners marks on it, expect for that to hurt you when it comes time to pawn or sell it. If you don’t know what owners marks are, they would be something like your name or initials carved into or written on the tool.
A pawnshop looks at items like they may have to turn around and sell them one day. If they have your name all over them, they will be more difficult to sell as people generally don’t want to own tools with someone else’s name on them. So ironically, what you did to protect them from theft may hurt you if and when you later try to turn around and sell them, or use them as collateral for a loan.
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.
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