Do you have a flatscreen TV that you barely watch? Have you thought of selling your old TV at your local pawn shop but have no clue how much you could get for it? The size, shape, and brand of a TV are the main factors that determine a TV's worth. As new TVs are released into the market the value of older ones decreases. Some brands are worth more than others and as with most things in life, size matters.
Take a look at the below factors that will influence the overall price you'll get for your TV, as well as few tips that will get you the best bang for your buck when selling to a pawnshop.
What pawnshop owners look for when purchasing a TV
Selling your TV to a pawnshop is a whole different kettle of fish than selling off smaller
electronics like a phone or camera. Things like the brand of TV, condition, and completeness will determine if it's going to be worth your while.
As one of the most important factors in determining how much your TV is worth, the brand represents the reputation of performance, technology, and reliability. According to most pawnshop owners, Samsung, LG, Panasonic, and Sony represent excelling brand quality while brands like Toshiba, JVC, and Phillips represent average quality brands.
The bigger the screen the more valuable your TV will be. A customer with a 45", great quality brand TV can command more from a pawnshop than a customer with average brands same sized TV.
These days TV's come with a range of great features. Naturally, a high-tech TV will bring in
more cash than old box TV.
If your TV has the below features, you can expect a decent price from a pawnshop:
- Smart TVs
- LCD, Plasma or LED TVs
- 3D programming
- 4K resolution
Make sure you get to know all the features of your TV to ensure you can negotiate the best deal possible for your TV.
The value of TVs fluctuates all the time due to the advancements in technology. To get a good deal from a pawnshop your TV should not be more than two years old.
A TV that comes in its original box with all the power cords, HDMI cables, and above all else, the remote control is a TV that will bring in good money. Although many pawn shops do accept incomplete TVs, a complete package is sure to sweeten the deal. If anything, the remote control adds great value to a TV when selling it.
Without it, the pawnbroker would have to purchase another original remote to resell it, which would land up being an unprofitable deal for the pawnbroker.
One of the most important factors that will determine the value of your TV is the condition that it is in. A broken or unusable TV will not sell, at best the pawnshop could sell it for scraps. Most pawnshops will not accept broken TVs as they don't have the time to repair them for resale.
Damages to TV, if minor, like scratches, are acceptable but they will play a part in determining the price you get for the TV.
Tips when selling your TV to a pawnshop
- Pawnshops base their offer on what they currently have in store. With this in mind, try to get a few offers from as many pawnshops as possible.
- Having a TV that is complete with all the original packaging and cables is key to getting those extra bucks for your TV.
- Know your TV. Know what great features and technology it has.
TVs have changed a lot in the past 10 years. If you're thinking of selling yours to your local
pawn shop makes sure it isn't older than 2 years and is in great condition to get the possible deal.