How Much Can I Sell A Designer Bag For in NYC?

How Much Can I Sell A Designer Bag For in NYC?

If you are interested in buying, selling, or pawning a designer bag you should consider the key factors that will determine how much a used bag is worth. First and foremost, if you are looking to get cash for a designer bag you will need to determine if you want to sell it or pawn it. Obviously, pawning has the benefit of getting the bag back in the future, but you will get less for it upfront than if you are selling it. In this article, we will cover the key factors that determine the value of used designer bags. But if you are interested in pawning, selling, or buying a designer bag, give us a call or visit one of our two locations in the Bronx.

What Brands Of Designers Bags Can You Sell?

The first thing to consider when selling a designer bag is the brand. A lot of the value of a designer bag is the brand of the bag. For example, a Hermes, Louis Vuitton, or Chanel bag is going to be worth more than other lesser-known brands. And of course, it is important to have a bag that is authentic. A fake duplicate bag is not worth anything at all. So if you have a handbag that is one of the bigger designer labels, and you no longer use it, you might consider selling it or pawning it. We recommend calling pawn shops in advance and discussing the specific bag you have to make sure your local pawn shop takes it. 

The Condition of Your Designer Bag

Even if you have an expensive designer bag from one of the top brands, you need to make sure that the bag is in great condition. A ripped or torn bag is not going to be worth much for resale which means a seller or pawn shop is going to be unlikely to want to buy it from you or provide a loan. A clean bag that is in great condition and as close to new as possible will get much more on resale than an old and weather bag. 

Pawning Vs Selling Designer Bags

If you need quick cash and are thinking of getting rid of a designer bag, you will want to consider pawning versus selling. In a lot of situations, you might consider pawning if you want to recover the bag in the future. A pawn loan will be less than what you get for selling a bag, but you will be able to get the bag back once you pay off your loan. However, if you have a bag you no longer want and simply want to get the most for it, you should still consider checking with a pawn shop near you. A pawn shop is likely going to know exactly what a bag is worth based on experience appraising bags. 

Sell or Buy Designer Bags in the Bronx at Paradise Pawn

Paradise Pawn has two locations in the Bronx where you can buy, sell, and pawn designer bags, watches, and other high-value items. Give us a call or visit our locations for more information.