Sell, Pawn & Buy Luxury Goods in the Bronx

If your designer handbag is in great condition and you have proof of authenticity you may be able to get a great loan for it. Even a gently used handbag could get you a decent amount of quick cash from your local pawn shop. If you are considering pawning a designer handbag or purse, please contact us.

High value watch brands including Rolex and Cartier are the most likely to get you a good pawn loan. Like with any luxury item, the better condition your  item is in the more it will be worth. That being said, even lightly used luxury items can get a decent size loan. Depending on the watch and the condition you could get a few hundred dollars or well over a thousand dollars when pawning a luxury watch. 

There are a few places around NYC where you can sell designer bags and purses. Generally, we’d recommend avoiding selling via online stores as that increases the likelihood that you end up selling for significantly less than what your handbag is worth. Ideally, you want to go to a place that can accurately appraise the item you are selling. One great option is to go to a pawn shop in the NYC area that takes designer bags. Here at Paradise Pawn, we have two locations in the Bronx that can help you pawn or sell your designer bags.

No. Pawn shops often specialize in different categories of items. While designer handbags are common, they are not taken by every pawn shop. Moreover, the pawn shop you go to might limit what they take to a handful of select brands. This is because pawn shops only buy and provide loans for items they feel comfortable accurately appraising. This is why the best advice is to always call ahead and discuss the item you are considering selling or using for a pawn loan. The pawn shop staff can quickly let you know whether or not they will take the item, which can save you time.

In terms of maximizing your resale value, first and foremost, it is better to sell outright than to pawn. Pawn shops buy items at a percentage of the perceived resale value so they can make a profit. When they provide loans, they provide the loan amount at a fraction of that fraction because they are not planning on reselling the item, but holding it until they get paid back. This is why selling outright is going to get you more cash than pawning. Beyond that, the two biggest factors in your take-home cash are the brand and the condition. Well-known brands that are highly respected fetch better prices, and as long as the item is in great condition, you should be able to get a decent amount of money for it.

It depends on the watch. You could get hundreds or thousands of dollars depending on what type of watch you are pawning and its condition. Pawnshops typically provide a percentage based on the resale value of the watch. So if the watch can be sold for thousands of dollars, it is more likely that your loan will be closer to that number. It is important to understand that pawn shops don’t base their prices on what the item was worth when you bought it, but what it would be worth if it were sold as a used watch today.