A pawn transaction is when a customer uses an item of value as security against a cash loan. When it comes to pawning items, people usually think of items that are small in size but high in value – such as gold rings, mobile phones or laptop. Although these items are great to use as collateral, we’d like to draw your attention to items you may not think of straight away; all those tools you have in your garage or workshop – gathering dust, that you don’t want to sell, but you don’t use every day!
DIY tools are actually really sought-after items to use as collateral for a Cash Advance. No matter the season, these items are always in demand, and a great alternative to use for your pawn transaction.
What kind of DIY tools can you bring to the store?
- Drill kits
- Drill bit sets
- Socket and Ratchet sets
- Brad nailer
- Tool kits
A tip to help you get the best price for your DIY tools; ensure all components are included with the item, and wipe away any dust, dirt, and grease from the item. This gives the impression that the item has been well taken care of and is functional. Our specialist buyers will test and evaluate your tools before agreeing on a favourable loan amount.
With the pandemic keeping many people at home, most of us have taken up DIYing as a hobby. It’s great to know that these tools can also come in handy when there are unexpected cash flow challenges.
So, do you have DIY tools gathering dust in your garage or shed? Are you in need of cash but aren’t keen on selling your tools? Here is an idea – get a 30-day loan against them at Cash Converters.
To find your nearest store, click here. We can’t wait to see you!