If so, there are two types of San Diego businesses that can help you with your cash needs. You could visit a San Diego pawn shop to pawn your items, or you could visit a collateral loan specialist like Vorrow.
To help you decide which type of pawnbroker is best for you and your financial situation, let’s review the basic differences between Vorrow and San Diego pawn shops.
Cash Loan Amounts – San Diego Pawn Shops vs. Vorrow
At traditional San Diego pawn shops, you can pawn any merchandise of value. For example, you could pawn anything from guitars, electronics, and firearms to gold chains and silver coins. There ordinarily is no minimum pawn amount. You could pawn an item for $50 if that’s the amount of cash you need and your item is valuable enough to serve as collateral.
Vorrow is different from these types of San Diego pawn shops in that we specialize in large collateral loans on estate jewelry collections, large carat diamond rings, limited-edition Swiss timepieces, and other high-value gift assets. Unlike typical San Diego pawn shops, our collateral loans begin at $2,500 and can extend upwards to $250,000.
Because of Vorrow’s $2,500 minimum loan amount and our ability to pay larger collateral loans, Vorrow’s primary customer base is different than most San Diego pawn shops. Our clientele is primarily business owners in need of temporary bridge loans, entrepreneurs seeking to finance a new business venture, and private individuals who need to cover some costs related to their investments.
Another difference related to cash loan amounts is the manner in which ordinary San Diego pawn shops appraise the value of your items versus the way Vorrow does. San Diego pawn shops usually will value your items based on the in-store showcase price at which they can sell it.
At Vorrow, we value your precious collateral differently. Your collateral loan is based on your merchandise’s resale value on the worldwide estate market–not how much we might be able to sell your item for locally. Vorrow is a nationally-recognized luxury estate buyer with a network of international resale contacts. Therefore, our cash loans on luxury gift assets are larger than what you might receive at traditional San Diego pawn shops.
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Luxury Goods Expertise – San Diego Pawn Shops vs. Vorrow
All San Diego pawn shops offer collateral loans on gold jewelry and fine watches. Vorrow differs from these pawn shops in that we specialize in high brand jewelry and timepieces from luxury makers like Tiffany & Co., Cartier, Harry Winston, Rolex, Patek Philippe, and Vacheron Constantin–as well a large carat diamond jewelry (i.e. over 3 carats) and antique jewelry from the Victorian, Edwardian, and Art Deco eras.
Arrange a Free Appraisal & Confidential Loan Consultation
While San Diego pawn shops have elevated their image over the past decade, some people still aren’t sure whether they want to be seen entering a pawn shop for a collateral loan. At Vorrow, your privacy is paramount. Our estate buying office is discreetly located in a safe and secure business area in San Diego, California. In addition, we NEVER make credit checks or report to credit rating agencies.
Contact us now to arrange an absolutely free verbal appraisal of your luxury item and a confidential collateral loan consultation. Let us show you why so many clients choose us as the best alternative to ordinary San Diego pawn shops.