Do Pawn Shops Take Lenovo Laptops or Desktops?

Lenovo computers are some of the most loved computers on the market today.


Next to Dell, Lenovo is the most used brand of computers for businesses of all size, particularly IT. But does that alone make them something that pawn shops will be able to help you with if you walk in with one?

How 'Pawnable' Is This Item

What Value Does This Item Have

Well, as it turns out, Lenovo laptops tend to hold onto their value pretty well. It doesn’t matter if it is strictly a laptop meant for business use or a All-In-One touchscreen desktop meant for home use, Lenovo’s are built to last and people know if.

Because of that, they earn a “Excellent” ranking for pawnability. They are normally easy for a pawn shop to turn around and sell once they have them and because of that, pawn shops like working with them when they can.

Unfortunately, they only get a “Fair” rating for value. While it is true that newer Lenovo’s hold onto their value well, not everyone has a newer machine. Because of that, we had to take older machines into account as well, which typically do not fair as well in terms of value retained for their owners. This dragged down the overall rating from what would otherwise have been considered very good.


What To Bring With You:

When you take a Lenovo computer to a pawn shop, there are some thing that you should have with you right off the bat.

  • The power cord, and any accessories, such as a keyboard, mouse, or external drive. Forgetting these items will definitely hurt your chances when you go to pawn or sell it to a pawn shop, so have it with you the first time and save yourself the headache.
  • The password used to sign into the machine. A pawn shop is much less likely to work with your computer if you don’t know the password. Most people know their own passwords, and if someone brings a computer into a pawn shop and doesn’t know the password, that’s usually a sign to the pawnbroker that they might not be the true owner of that computer.

Statistics:

Percentage Of Pawn Shops That Accept This Item 80%
Percentage Of Pawn Shops That Consider This Item Desirable 40%
Average Redemption Rate For This Type Of Item 90%
Percentage of Households That Have This Type Of Item 10%
Percentage Of Times This Type Of Item Is Pawned vs Being Sold 90%

It probably comes as no real surprise here, but Lenovo’s tend to score highly in these marks. Roughly 80% of pawn shops nationally are happy to work with them and of those, 40% of them consider them to be desirable. The average redemption rate on these is higher than the average laptop at around 90%. This is probably due in part to their business usage.

Less than 10% of households have them to make a loan on and of those that do take them into pawn shops 90% of people choose to just make loans on them so that they can get them back at a later point in time.


What Are Some Advantages To Pawning This Type Of Item

  • You should have no trouble finding a pawn shops to take in your Lenovo computer. This is even more true of laptops as they require less room to store and often have high values.
  • You should be able to get a good amount of money out of your newer, good condition Lenovo computer.

What Are Some Drawbacks To Pawning This Type Of Item

  • If your Lenovo is badly damaged, you will find it tougher to make a loan on or sell at a pawn shop. They can be quite expensive to repair and a pawn shop will hold that against the value of your item depending on how bad the damage it.

Pawning or Selling Your Lenovo Laptop or Desktop at a Pawn Shop

Dealing with these is pretty simple.

You’ll want to make sure that your machine is complete, and that you have the password. If it’s newer and in good condition, you can expect to do quite well at a pawn shop with your system.

If your computer is older, or if there is some damage of some sort, then a pawn shop will not be nearly as excited to work with you on it. Lenovo’s are premium machines and as such, they can cost quite a bit to repair and get into the kind of condition that a pawn shop would be comfortable working with.

I’d suggest trying to remove any fingerprints or marks on the screen or chassis of the computer before you take it in. Don’t soak it with any kind of liquid as that would damage the computer, but a soft towel and some light pressure will normally go a long way towards helping your case if and when you take your computer into a pawn shop.