Do Pawn Shops Buy or Loan Money on iPhones?
Here at Central Mega Pawn, we’ve been witness to the smartphone revolution from the very beginning. As such, we consider ourselves experts in buying or making loans against the value of all kinds of smartphones, from Androids to the ubiquitous iPhone. If you’re looking to sell your smartphone for top dollar for quick cash, or if you need a quick loan that won’t put your credit score at risk, keep reading to learn more about how Central Mega Pawn can help you.
First, the good news
The good news is that there is always a market for smartphones in good shape. Used smartphones are bought and sold every day in high numbers because recent models are dependable and longer-lasting than ever before. This means that the active market for smartphones of all brands continues a little longer than in past years. Plus, the majority of people today rely on their smartphones to stay in touch, to get around their city, and for entertainment.
Now the bad news
The bad news is that, because new smartphones are released every year, models quickly go obsolete. Some models are no longer updated, or consumers simply aren’t interested in particular models after a while. So, before you bring us your smartphone to sell or to obtain a pawn loan, consider how old the model is.
At Central Mega Pawn, it is our policy always to do our best to help our customers. However, as is the case with ever-changing technology, sometimes we just can’t take an item because it would be too difficult to resell if necessary. As an industry rule, it is entirely up to an individual pawnshop to decide if they will buy or make a loan against the value of a smartphone, and we are not different in this regard. It would be smart to give us a call ahead of your visit to see what demand in our shop is like before you go to the effort of preparing your smartphone for sale or for pawning.
Central Mega Pawn buys and makes loans against more than iPhones!
It’s true – the iPhone is not the only game in town when it comes to cool, high-quality smartphones. Central Mega Pawn deals with every brand of cell phone available today. If you have any of the following, we can help you:
- Samsung
- Sony
- LG
- HTC
- Blackberry
Why Central Mega Pawn is the right choice, whether you are selling or pawning
Many times, when people need quick cash, they opt to sell their smartphone online, through an app, or via sites like Craigslist. But, there is a better way that will save you time, effort, and the headache of haggling, all while getting you the highest offer for your phone: your local pawnshop.
And if your local pawnshop happens to be Central Mega Pawn, you’re in luck – we are renowned for our customer service and are proud to serve our community.
As a bonus, selling or pawning your smartphone is also good for the environment, as it keeps toxic batteries and other components of most smartphones out of landfills and gives them new life.
Lastly, if you decide to pawn, you will get your smartphone back after you repay your loan.
How to sell us your iPhone or other smartphones
So you’ve double-checked that your model of smartphone or iPhone is relatively current. Here are your next steps. And even if you are familiar with how pawnshops work, smartphones are a slightly different matter, and not as straightforward as one might expect.
1. Become an expert on your phone
The more knowledgeable you are about your phone, the better your position will be when it comes time to research what you can expect.
- Find out the precise model of your phone. Especially in recent years, new models are only slightly different than their predecessors in name. For example, do you have an iPhone X or the X Max?
- Know your phone’s carrier is. Depending on which carrier is dominant in your region, phones on particular carriers might demand a higher price. (more on that in a minute)
- Know the limit of your phone’s memory. The more memory your phone has, the higher your offer will be. On many smartphones, this is etched into the case, or easily found in your “settings” menu.
2. Back up & wipe your data
Surprisingly, many people forget this vital step. Or, they think that simply deleting files or sending them to the Cloud will keep their information safe. To ensure that you get your data off your phone before selling or pawning, be sure to back up your data to your computer or external hard drive. The best way to back up your data may vary depending on the brand and model of your phone, so be sure to conduct a google search for proper instructions.
After you’ve secured your information, disable location features such as “find my iPhone” or “find my device,” then wipe your data from your phone’s memory by performing a factory reset.
3. Unlock Your Cell Phone
An unlocked phone means that it can be used with any carrier, which means that you might be able to expect a higher offer. Contact your carrier to request that your phone be unlocked before you bring your phone in to us.
4. Gather any original components and do your homework
The more complete a package you can bring us, the higher offer we may be able to make. That means, boxes, manuals, chargers, or any cables that originally came with your phone. Next, look at what your exact model of phone is going for on auction sites or person-to-person sales apps. That will give you a frame of reference for how much people are paying for your type of phone and will help set reasonable expectations.
5. Visit us!
Bring us your clean, researched phone with as many peripherals as you were able to find, and we will do our best to offer you top dollar in sale or pawn value. Don’t be afraid to negotiate, and be sure to shop around before making your final decision.
If you have any questions about selling or pawning your iPhone or other smartphones, please reach out to us today. We are here to help you.
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