How do pawnshops make money?

Let’s learn how do pawnshops make money. The most accurate or helpful solution is served by Yahoo! Answers.

There are ten answers to this question.

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Answer:

people who r in need of money will pawn their jewelleries at a very low price to the pawnshops n the...

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apaini13... at Yahoo! Answers Mark as irrelevant Undo

Other solutions

Answer:

­Pawnshops and pawnbroking have been around for thousands of years. The basic idea behind any pawnshop...

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Answer:

Pawn shops don't actually buy things. They loan you money short term with the item as collateral. In...

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Answer:

They charge a 4% interest, higher than bank lending rates. When the poor client is unable to redeem...

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Answer:

They give you hardly any money for what you're trading in and mark up the item 200-300% from what they...

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Answer:

They buy things, and then sell them for more than they paid. just like anyone else makes money. they...

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SQL2H2H6M7PZCSWYQRDNY7UI2Q at Yahoo! Answers Mark as irrelevant Undo

Answer:

There are two ways that pawnshops make money,. 1) they loan money based on real collateral ( property...

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VYL56LS5GIQRTEVJLC4ZXN52QE at Yahoo! Answers Mark as irrelevant Undo

Answer:

when the owner doesnt return for the thing he/she left they just sell it

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SQL2H2H6M7PZCSWYQRDNY7UI2Q at Yahoo! Answers Mark as irrelevant Undo

Answer:

they buy your stuff from you cheap, and sell it for more then they paid for it.

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Answer:

Why ask again? Once will do.

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RPSYQYZPJNCWEWMVP5X3JMXXGU at Yahoo! Answers Mark as irrelevant Undo

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