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|previous: Steve Dallman Pawn shops are strange places. Much... -- 1140623231||View Thread|
|2/22/2006 10:40 PM|
|Steve A.||Re: Peavey VavleKing 100 Head|
When they give a pawn loan, and the borrower defaults, the pawn shop can only mark up the item a specific percent...
Is that true for all states? I remember bringing my LP down to the pawnshop about 20-25 years ago and they'd loan me maybe $50 or $75. They'd usually sell crappy guitars for $200 so I'd expect them to mark up my LP to at least $500 if I was to default on it...
Are there different rules if they buy something outright? Just wondering because I know that they always offer very low prices for anything you bring in, yet the used stuff is usually overpriced.
P.S. I just found this link although I haven't read all 162 pages yet.