I've only ever bought the odd thing from pawn shops and paid the ticketed price. There is a tool one of them is selling for $60. It retails at Bunnings for $80. Does anyone have prior experience of haggling with pawn shops? Do they expect you to haggle or are the prices firm? Also what percentage of retail value would you expect to pay at a pawn shop?
Pawn Shops - Are Prices Negotiable?
Claire Naps on 14/08/2018 - 17:26
Comments
Care to elaborate?
I think what k-rokfm is saying, is that you're better off paying the extra $20-30 dollars and buying new for peace of mind.
and warranty.
All pawn shops are definitely price negotiable especially if it is second hand.
Just try worst thing they can say is no.
AlienC predatory advice lesson 101.
Haven't you watched Hardcore Pawn?
the price of bathroom scales he had personally tested are of course very negotiable
If I have cash and its over $100, I haggle everywhere, especially at second hand establishments. I even got an extra 15% off a coffeepot at DJs because I convinced them to let me have the display model behind the glass. They couldn't find a boxed version and said it was discontinued. First I got them to agree to sell me the display, then I hit them with the discount squeeze for no box. The worst they can say when you ask, whats the best you can do is, "this is it".
hardball i like it
As a disabled pensioner, I haggle just about everywhere, doesn't matter how low the price is.
The prices listed for new items is RRP - RECOMMENDED retail price, so if they have the recommended price listed (or are close to the manufacturers recommended price), they always have room to wiggle, especially when you pull out cash.
One trick is to only have the maximum amount of cash you are willing to pay in your pocket, that way you can start to walk out if they don't go that low saying "That is all I have!". This way you don't pay too much and you don't regret it later. I also separate out some cash from the wallet and put that in another pocket so I can pull out a little less at first, Then if they are hesitant o drop down, I can rummage around and go I have a little more.
And if you are buying from pawn shops, always test not only second-hand items, but the new ones as well before you pay.
I beleive the pricing formula for cash converters is that they paid 1/3 of the ticket price for the item.
I bought an item from CC they had advertised for $1,800. Said what was their best price and immediately they said $1,500, ended up paying $1,200
If boxed as new maybe…. typically a quarter retail or less. Jewellery is basically by the gram and points in a stone. Following the 3 C’s
Incorrect! For something they want $80 for they likely paid around $5!
Try and let us know
What happened when you tried to negotiate the price with them?
You paid ticket price at a pawn shop? Please hand in your OZbargain licence on your way out.
Everything is negotiable.
Come see me
Seems like a lifetime ago but I used to manage a cash converters type store. Oh the stories….
Expect that they likely paid $5-$10 for the product. The person doing the pricing probably worked out the retail and did a rough flat discount on that price.
Ask them what their best price for cash is. Whatever they offer go below. Work out what the max you are happy paying and stick to that. I’d go max $40 as anything used like that is only worth half retail. Confidence is key.
Oh the stories….
Please do start an AMA. It would be heaps more entertaining than some (cough)overzealous(cough) posts.
Hrmm…. nah. I save my best stories for drink nights with my buddies. Most of my stories involve some pretty shady stuff which I would never put in print.
About 99% of what you see on TV in those shows is pure garbage though.
Thanks for the intel. Yeah $40 was what I was thinking I'd be happy to pay.
Hmmm, bought a Fujitsu monitor from Cashies but neglected to test, it hisses at me for at least three minutes before displaying a picture.
Some of the pawn shops near me do the haggling for me.
If I’m spending like $8 on something, they say “I’ll round that down to 5 for you”
Except cash converters, you have to haggle with them.1 assume everything at 'Crime Converters'is/was stolen!
2 NEVER pay ticketed price!
3 if you want a warranty, buy from a 'real' shop!
Cashies are usually very easy to haggle with. Even got stuff for free a few times, as they gave it away if they're in the mood, not worth a few dollars to them. (And I didn't even ask!)
I've done some mystery shopping at Cash Converters. The general rule is they buy for 1/3 of the market price (not limited to RRP), but the amount is also dependent on a number of factors like how many of the same thing they have, how much it's being sold for on Gumtree (yes they checked!), how popular is the item, if they want your item as well as the usuals ie. condition, new/used. If the store has many of the same item, they're more likely to pay the seller (you if you're selling your item) less, if you're a buyer (you want to buy from the retail section) you probably have a better chance of negotiation.
If the item has been on the retail floor for a long time, you'll probably get a decent discount. For certain items, unless it was super cheap, I would rather buy new for the warranty.
Pro tip: Buy it at Bunnings for $80. It’s not worth the $20 or $30