There are few brands as well known as Cartier when it comes to watches.
Does that necessarily make them something that you can easily pawn or sell at your local pawn shop though? Well, you might be surprised by the answer.
How 'Pawnable' Is This Item
What Value Does This Item Have
For those that know timepieces, this will come as no surprise. Cartier Watches score ‘Excellent’ ratings in both terms of their pawnability and the value that pawn shops give for them.
Some Cartier watches will only bring a few hundred dollars at a pawn shop, but others will bring well into the thousands. This is really depends on what model Cartier you have and what kind of condition it is in.
What To Bring With You:
When you are taking your Cartier watch into a pawn shop, you’ll want to have the following –
- The original box, insert, and paperwork if you still have them.
- Any extra links you may have removed from the bracelet.
- Any extra bracelets or bands you may have bought for the watch in the past.
- Any service records you have for work done on the timepiece.
- If the watch you are pawning uses a battery, make sure the battery is newer so that the watch works well when the pawnbroker inspects it.
Percentage Of Pawn Shops That Accept This Item 99%
Percentage Of Pawn Shops That Consider This Item Desirable 99%
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 70%
Again, no surprises here. 99% of pawn shops take Cartier watches and the same 99% consider them to be highly desirable.
When people do pawn their Cartier, roughly 90% of them do come back and redeem it, putting it slightly ahead of the national average redemption ratio for all things pawned.
Less than 10% of households have this type of watch to pawn. Those that do however tend to make loans on it versus outright selling them.
What Are Some Advantages To Pawning This Type Of Item
- You’re going to have no trouble finding a pawn shop that will accept a Cartier watch.
- You are likely to get all of the money you need to cover a last minute bill by pawning a Cartier watch.
- Because of the high value of Cartier watches, you will have the opportunity to shop them around at different pawn shops if you don’t like the price you are given by the first pawn shop you go to.
What Are Some Drawbacks To Pawning This Type Of Item
- Because these loans are typically higher value loans, they can be a little harder to pay back than lower dollar loans.
Keep in mind that just because a pawn shop offers you a high value doesn’t mean you need to take the full amount. If they offer you $1,000 but you only need $600, it will cost a lot less to pay back the $600 than the $1,000.
Pawning A Cartier Watch
You are going to be in great shape if you walk into a pawn shop with a Cartier Watch. Almost every pawn shop out there will take them and be happy to see you walk through their doors with one.
Keep in mind, Cartier watches do vary in value. Some may only be worth a few hundred dollars to your average pawn shop, so don’t be surprised if those are the types of offers that you receive.
On the other hand, there are highly desirable Cartier watches out there that will bring thousands of dollars on loan.
It all depends on the type and model of Cartier that you are bringing in, how complete it is, and what condition it is in.
Selling Your Cartier Watch
If you are going to be selling your watch, it is strongly suggested to shop it around to see what the best offer is.
This is a timepiece that just about every pawn shop will want, so you should have no problem getting offers on your watch.
Just check your phone, call around to a few shops and make sure they take watches, and then start stopping into them one by one.
Let them know you’re shopping it around and see if you can get the offer in writing before you leave.
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.