If you have old tools lying around that you know you’re no longer going to use, you might consider pawning them. Pawn shops in Olathe, KS are generally willing to accept good-quality tools because they tend to hold their value, and they’ll be able to sell them at higher prices than what a person might typically be able to sell them for online or at a garage sale.
There is also a definite market for secondhand tools. For people who are looking to build up their tool collection in their own personal workshops, it can be prohibitively expensive to try to buy everything they need brand new. In many cases, secondhand tools are every bit as functional and high-quality as tools that are brand new from the hardware store, and will still be able to last for years to come. This is true for hand tools and many power tools alike.
What to expect when pawning tools
One of the most common questions people have when bringing tools to the pawn shop is how much they can expect to get in return.
There are a variety of factors that will go into your expected return. These factors include:
- Brand: There are certain brands that are highly trusted in the industry, more so than some of their competitors. For example, DeWalt or Milwaukee tools are much more likely to fetch higher prices than some of their generic or lower-quality counterparts.
- Condition: Obviously, the better condition the tool is in, the better price you’re likely to get for it. For this reason, it’s a good idea to give your tool a thorough cleaning before you take it to the pawn shop. The shop will likely pay less if they have to clean it themselves. Cleaning also gives you the opportunity to see if there are any parts of the tool that could function better, so you can make those necessary tweaks or repairs yourself if you need to.
- Demand: Not all tools are in equal demand. You’re likely to get higher prices for tools with greater versatility, such as circular saws and power drills, than you are for tools that are highly specialized, because there is going to be a broader market for the former category of tools.
- Season: The time of year can also play a role in your expected return on tools. Tools will generally be in greater demand (and thus easier to sell) in the spring and summer, as people will be likely to be working on a variety of projects. If you are able to hold off on pawning your tools until then, you might get more money in return.
- Packaging: If you still have the original packaging and instruction manual for the tool, this could get you a higher price, as it will create a more complete package that could make it easier to sell. Of course, most pawn shops will still be happy to take good-quality tools without that original packaging, as it’s understood that most people will not hold on to the original boxes.
For more information about how to pawn old tools in Olathe, KS, we encourage you to contact Harrison Street Pawn today.