How to Sell Your Electronics
At The Vault Jewelry and Loan, we make it easy for you to get cash fast with collateral loans or by selling your item outright. If you want a collateral loan, it will be secured against your electronic item, and we’ll appraise the value of your electronics to see if it’s high enough to give you the loan you want.
The average amount of money we offer to pay for items is about 50% of what we expect to sell them for on our shelves. However, we often negotiate on prices with our customers and determine electronics’ worth on a case-by-case basis.
Once we’ve agreed on a fair price, you will have 30 days to come back and pick up the item for the amount we loaned plus interest. In most cases, we charge a fixed interest rate of 10% and a small service fee of $3.00 for all loans over $100.00, which must be made in cash. This rate is significantly cheaper than what you’d pay to close a credit card or bank loan.
If you don’t have all the money to pay the loan back in full, you’ll have the option of paying only the interest at the end of 30 days, and we will give you another 30 days to pay the loan back in full.
You can also sell outright instead of settling for a loan, which is ideal if you’ve already decided you don’t want to come back for the item. That said, if you’re sure the loan amount will be enough to meet your needs and you can easily pay back the interest and service fee, a loan will likely be the best way to go. Whether you decide to get a loan or sell your electronics outright, you can get your money fast without impacting your credit score.
If you have electronic devices you’re looking to sell, bring them to our store and we’ll provide a full appraisal. Then, we’ll offer you a fair price for the items. Even if you’re unsure how much your electronics might be worth, come and see us anyway — they might have a greater value than you think!