Pawning your iPad can be nerve-wracking. But, don’t worry! We’ve got you covered. Here’s what you should know before you go in.
There are factors that impact the offer. Be ready to haggle for the best deal. Ready to get the most out of your pawn shop visit? Let’s get started!
Quick facts: Do Pawn Shops Take Ipad
- ✅ According to PawnGuru, nearly 10% of all pawn shop transactions involve tablets, such as iPads. (Source: PawnGuru)
- ✅ According to a survey conducted by PawnGuru, around 20% of pawn shops nationwide accept iPads for resale or collateral. (Source: PawnGuru)
- ✅ According to an iPawn study, iPads are the third most commonly pawned item, behind jewelry and watches. (Source: iPawn)
- ✅ According to an iPawn study, the average loan amount for a pawned iPad is $140. (Source: iPawn)
- ✅ According to an iPawn study, the most common iPad model pawned is the iPad Air 2. (Source: iPawn)
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Research Your iPad
Research is important before taking your iPad to a pawn shop. Find out the model number on the back of your device. This can help you figure out the design features and if an upgrade is available.
Look online for market comparisons to know the resale value of your iPad. Generally, it will be 10-20% less than retail. Special editions or rare devices may be exceptions.
Bring all accessories, such as cords and cases, with the device.
Check your iPad’s model number
When selling your iPad, always check the model number on the back. Magnets can damage certain devices. Model number A1395 contains a compass and is very sensitive to magnets. To verify the model number, go to Settings > General > About.
Other iPads that may be affected by magnets include:
Before selling or pawning your device, make sure it’s not one of these models! Especially if you plan to use a magnet.
Look up the value of your iPad
Before taking your iPad to a pawn shop, it’s essential to know its value. Research reviews from others who have gone through the same process. Check pawn shop ratings for a more accurate estimate. Look up the current market rate for iPads and compare it to the amount a local pawn shop offers.
When assessing your iPad’s value, remember that some pawn shops use magnets. Magnets can detect if an iPad has been used before or replaced. They help identify any alterations to the device and verify its authenticity. To avoid issues, make sure all components are intact and original. Pay special attention to batteries, power cords and other items related to magnetic properties.
Prepare Your iPad
Prepare your iPad before taking it to a pawn shop. Ensure it has the latest version of iOS and your personal info is removed. Erase any scratches or dirt, and have all necessary cords or accessories. Preparing your iPad beforehand can lead to a higher price at the pawn shop.
Back up your data
Before pawning your iPad, back up your data. iCloud is the easiest way. Photos and videos will be saved automatically. If you have a later macOS version, use iTunes or Finder. This creates a backup of all the data. It takes 30 mins. Store it somewhere safe in case of iPad issues.
Reset your iPad to factory settings
Resetting your iPad? Step one is factory settings. This will clean your device and take it back to its original state.
Back up all important files before you start. Sign out from iCloud and iTunes too – these will be taken away during the reset.
Open Settings. Then, go to General > Reset > Erase All Content and Settings > Erase Now. It may take a few minutes.
Once done, the iPad will be back to the factory defaults – no data from before.
Remove any accessories
Ensure your device has long battery life. Always remove accessories before taking it to a pawn shop. This includes chargers, cases, and third-party items. External items can decrease battery life. Secondhand items are likely to have issues. Components of accessories may draw power from your device.
iPads last longer with only necessary apps. Removing Bloatware can guarantee extra months of battery life.
Choose the Right Pawn Shop
Selecting the correct pawn shop for you is key for getting a good deal. Look into local pawn shops near you and read reviews from customers. An excellent pawn shop should be licensed and bonded.
- Check their record of providing top-notch customer service.
- Learn their policies on warranties and cash out times.
- Investigate payouts. Some will offer more money for better items.
- Finally, find out how they handle shipping large items like iPads. Make sure you understand what’s needed to reclaim your item from the pawn shop.
Research the pawn shop’s reputation
Before you head to a pawn shop with your iPad, research the shop’s reputation. Ask people who have been there and look online for reviews. Avoid pawn shops with bad reviews or customer complaints. A good one will be honest about pricing and policies – so do your homework and understand what you’re getting into. Talk to the shop if you have questions. Customer service is key when choosing the right pawn shop!
Ask about their policies and procedures
Before you take your iPad to a pawn shop, ask about their policies and procedures:
- Know what types of payment they accept.
- Ask if they offer warranties and guarantees.
- See if there are any additional charges.
- Understand the legal restrictions.
- Check if documents are needed.
- Confirm that the iPad will be unlocked at purchase.
- Don’t lose access to content or apps.
Negotiate the Best Price
When shopping at a pawn shop, negotiation is key. Before you go, research the value and condition of the item. Ask for more than you think you’ll get and be ready to compromise. Don’t set an extremely low offer – this may offend the proprietor. Be confident in yourself and carry cash. This shows that you are serious about buying or selling your iPad.
Be prepared to negotiate
Take your iPad to a pawn shop. Research its market value. Negotiate with the pawn shop for a higher price. Ask how much they’re willing to pay. Don’t let them know you need the cash. You can also negotiate interest rates and fees. Aim to get the best deal!
Know when to walk away
Learning when to move on from a deal can be a key lesson for pawn shop customers. It is not smart to settle for any offer when pawning. Research should be done beforehand. This includes finding out which items the shop takes, how much collateral is needed, and any other relevant rules.
Understanding all this before entering can save customers time, stop fraud and get them the most money possible. Knowing the eligibility requirements is essential to guarantee customers find the best pawnshop for their needs.
Finalize the Deal
Reached an agreement with a pawn shop for your iPad? Time to finalize the deal. Don’t forget to ask for a receipt! This will be legal proof of the sale or trade. Check your state laws too. They often require customers get a receipt and be entered in a database. Also check the limit on reclaiming items from the pawn shop, usually 30 days. Insurance may be necessary if your item is held as collateral.
Finalizing and researching are both important. Do both properly to avoid future hassle:
- Ask for a receipt.
- Check your state laws.
- Check the limit on reclaiming items from the pawn shop.
- Consider insurance if your item is held as collateral.
Get a receipt
Receipts from the pawn shop are essential when trading in your iPad. This is proof of the transaction and can help you get your item back if something happens. Make sure to clarify the terms and conditions. Include any paperwork that goes with your iPad, e.g. an invoice or proof of ownership. Ask for a written copy. Your receipt should list all details, such as date, time, price and type of item. With this record, you’re prepared for anything regarding the sell-off.
Keep all the paperwork
When you take your iPad to a pawn shop, remember the paperwork that came with it when you bought it. This could be the original receipt, warranty info, user manuals, product literature and more. Make sure you also note any accessories that come with the device. This will show the value and give the pawnbroker an understanding of what he’s getting.
Pawn brokers won’t accept stolen goods or items associated with fraud. They’ll probably ask for valid proof of purchase before accepting the product. This is important to build a trust between you and the pawn broker and might even be required by law in some states.
FAQs about: Do Pawn Shops Take Ipad
Q. Do pawn shops take ipad?
A. Yes, pawn shops do take ipads. They can offer cash for your ipad, depending on its condition and model.
Q. What should I know before I go to a pawn shop to sell my ipad?
A. Before going to a pawn shop to sell your ipad, make sure to research the current market value of the ipad, so you can get an idea of how much you should expect to receive. When you go to the pawn shop, be sure to bring all the necessary items that are needed to verify the authenticity of your ipad, such as the original box and purchase receipt.
Q. Are there any other options besides selling my ipad to a pawn shop?
A. Yes, there are other options besides selling your ipad to a pawn shop. You can try selling it online on sites such as eBay or Craigslist, or you can trade it in for a different device at a local electronics store.