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In recent visits to half a dozen pawnshops, I'm not a believer. I see higher prices than Lowe's on new/used tools, and can get much better deals on golf clubs thru Craigslist. Looked at a damaged canoe, but they wanted more than a slightly used, undamaged one on Craigslist.
Thieves unload their stolen merchandise either on Craigslist or in pawn shops. I prefer to buy from legit businesses.
I recently needed a seldom used tool and I thought I could save some money some money at a pawn store. It was cheaper to buy a new one at Menard's.
Owatonnabill has long been a fan of pawn shops, and has found some unbelievably good deals over the years on everything from air compressors to rifles. Those deals however were decidedly NOT found in Pawn America, but instead in some of the gritty, smoky little shops you find in the older-town sections of cities like Duluth or Mankato. Pawn America's prices are not that much different from retail (except on DVDs and Blu-Ray discs, which are good deals there), and you face big problems if that brand-new or nearly new item you bought at Pawn America turns out to be faulty and you want to return it. Lessened hassle at retail outlets is, to owatonnabill anyway, worth more than the 5% to 10% or so you save at Pawn America for the same items.
One of the reasons, I think, that women in particular find pawn shops uncomfortable is the perceived misery it represents. For instance, some poor woman who had to hock her wedding ring to feed her poor starving children or anyone down on their luck needing some cash to survive. If these stores are now becoming purveyors of unsold merchandise like Big Lots, then perhaps they can attract new customers. I have never liked the idea of profiting from someone else's misfortune.
“Brad (Rixmann) is an innovator.” Really? Seems to me he is following David Schultz's strategy for Best Buy from 30 yrs ago...buy overstocks & damaged, eventually change the name (i.e. PB Exchange) and go full retail. I'd guess the bigger he becomes, the 'deals' start resembling other retailers.
The "tuvies for threevies" campaign is enough to keep me away and turn off the radio whenever the ad comes on. Blech.
Just being in a pawn shop makes me depressed. I have no interest in buying other peoples misery or providing profit to those who capitalize on that misery.
I'd like to see more stringent security regulations for pawnshops and even more so for the "gold and silver" guys. These seem to serve as a primary driver of burglary and theft ring outlets. We should have at least as stringent record keeping for these businesses as we do for scrap metal and cars. Granted, I think pawn shops do a much better job of this than the itinerant precious metals guys. Every time I see the "gold and silver guys" sign at my local rural motel, I take extra security measures for my family to prevent potential instigated tragedy. This is a bad business as currently operating.
Pawn America is trying to sell used merchandise
at retail prices, you can purchase tools, electronics and sporting goods brand new at retail convience stores for the same prices that PA is selling them for
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