Pawn stores are so stupid

[Jeeper]

Really....899 for a Cornwell cart?
http://austin.craigslist.org/tls/2573747123.html

http://www.cornwelltools.com/webcat/products.php?product=CTBMM100RG-%2d-Pro-Series-Cart-Orange ............it's 699 on their site

is it just me or do pawn stores seem to absolutely ridiculous with the tool pricing.

 

[Big Gus]

Sometimes yes, sometimes no. In the example you show above, most definitely YES.

I'm willing to bet if you walked in, cash in hand, they'll negotiate quite a bit on that cart. If not, walk away.

Me personally, I never NEED anything from a pawn shop, so if they don't want to deal with me, I just walk out.

 

[db130]

yikes, the same cart usually lists in the $400 range on my local CL

 

[NJHandyGuy]

they probably took aboth giving some stoner $400 on it without thinking

 

[Jack Olsen]

Pawn shops make their money giving out high-interest loans. Selling the collateral is usually icing on the cake, and the smarter shop owners know there's no real rush to make a deal. In time, someone else will come along and be willing to pay more.

 

[Roots]

Pawn shops make their money giving out high-interest loans. Selling the collateral is usually icing on the cake, and the smarter shop owners know there's no real rush to make a deal. In time, someone else will come along and be willing to pay more.

+1

Plus he's offering a lay away program, someone will eventually bite, with just the thoughts of a few low payments in their mind. Granted, that's going to be fleecing a customer and not good for long-term business.

 

[tkonetzke]

First off hi all,
I love the forum.

Now I would have to agree sometimes pawn shop tool prices are random and often way off, usually to the high side. One example that comes to mind was a year or a little more ago. I went the local pawn shop and saw a harbor frieght 3/8 cordless impact in box for $39.99, after I left I went to the harbor frieght 3 miles down the road, same gun on sale for 34.99. Pawn shops need to do their homework.

Tony

 

[bhclark]

again...it's the layaway option at most.
Ever buy anything at Rent-A-Center?

Of course not...why pay $20 a week for 20 weeks ($400) for a $150 item. But, these people make mad money.....

 

[TWX]

No matter where you go or what you buy, you have to know what things go for to make it worthwhile.

 

[Squankum]

One example that comes to mind was a year or a little more ago. I went the local pawn shop and saw a harbor frieght 3/8 cordless impact in box for $39.99, after I left I went to the harbor frieght 3 miles down the road, same gun on sale for 34.99. Pawn shops need to do their homework.
Tony

Actually, it's the customers that need to do their homework. A lot of them don't. Some just assume it's a great deal because, hey, pawn shop. This stuff's used.

Taking advantage of the ignorant and impulsive, it's profitable.

 

[muddyjoe15]

Well someone knows their stupid, the listing was flagged for removal.

 

[dabirdguy]

You can ALWAYS dome down on a price...kinda hard to raise it once the customer sees it.

 

[Danglerb]

I flag all the pawn shop listings I see, they are a business and have no place on a free listing.

I stopped telling people how foolishly overpriced their items were after too many told me the item already sold at full price.

 

[BQuicksilver]

I don't flag anything unless its a scam or listed far off the item location (likely a scam).

If i can sell you a box at 2x its value, good for me, bad for you.

 

[2oolhound]

When I see those prices at a pawn shop I rarely go back there. I drop into places with good prices as often as I can.