Pawnbroking
Get instant cash for your gold, jewellery, electronics & more when you visit one of our branches today.
Why choose our Pawn Shop?
Stress-free process
Visit us in-store and borrow much-needed cash for your valuable items. To reclaim your item, simply pay your loan back along with any monthly fees.
Best price guarantee
If you bring in any written offer from a reputable pawn shop competitor and mention our gold best price guarantee, we'll beat it by 5%.
Borrow or sell
Our pawn brokers will hold your items in our secure office as collateral. If you don’t want the item back, we also buy gold jewellery outright.
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Definition & Features
Collateral
The valuable item or items provided by the borrower to secure a pawn loan.
Pawnbroker
A person or business that offers loans to individuals in exchange for collateral, typically charging interest on the loan.
Appraisal
The process of assessing the value of a pawned item to determine its worth as collateral for a loan.
Resale value
The potential selling price of a pawned item if the borrower defaults, based on market demand and item condition.
Defaults
When a borrower fails to repay the loan within the agreed-upon timeframe, leading to the loss of the pawned item to the pawnbroker.
Frequently Asked Questions
What does a pawnbroker do?
A pawnbroker is a second-hand dealer that offers cash loans in exchange for an item of value, which is held as collateral. The loan is typically a percentage of the item’s resale value. When the loan is repaid, the item is returned.
How do pawn shop loans work?
To get your cash loan, you must first bring an item of value to the pawn shop. Our pawnbrokers will assess the item and offer you an instant cash loan based on a percentage of its resale value. The item is then held in our secure offices as collateral against the loan.
When you're ready to reclaim the item, you simply pay your loan back along with any monthly fees. If you decide you don’t want the item anymore, no problem. You keep the cash from the loan, and we will just resell the item to recoup costs.
Does Cash Train accept gold jewellery?
Yes! While we typically lend money for gold jewellery, you could also receive cash for a wide variety of valuable items, including silver jewellery, diamonds, scrap gold, musical instruments and luxury watches.
How much can I pawn gold for?
The amount you will receive depends on several factors, including the type and value of the gold. Our pawnbroking loans are based on the resale value of the item being pawned as well as our assessment of its condition. All gold and jewellery items undergo an assessment by our in-house valuation experts.
What do pawn shops pay the most money for?
The pawn store will pay you more money for items that are in high demand and in low supply. Popular items include mobile phones, jewellery, gold coins, electronics, musical instruments, and power tools. The newer an item and the better its condition, the more you are likely to be offered for it.
How do you get a fair price at pawn shops?
At Cash Train, we want to make sure both parties get the best deal possible. It helps if we have both done research on the cost of an item and its current market value. Our helpful and friendly members of staff have a wealth of knowledge regarding current products and are trained to assess market value accurately.
What are the benefits of using a pawn shop?
Using a pawn shop comes with a handful of advantages. They allow you to get money instantly by pawning an item, while not permanently losing the item, just until the loan is repaid. There are no credit checks required because it is a form of secured loan and is based on the item’s value. Pawn shops are also regulated by the government, so you can be sure you’re getting a fair deal.