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To Sell or To Pawn? That Is The Question!


If You Something of Value & Need Cash - You Have Options!

What is pawning and how does it work is a common question we receive. Pawning an item is a long honoured tradition, and a remarkably simple process. Back before banks offered credit cards and lines of credits freely, there were Pawn Shops. For hundreds of years Pawn Shops have been the way many would be able to deal with short term cash flow issues. If you had an item of value, and needed cash, you took it to the Pawn Shop.

In fact, it was common form “Mom” to take the family’s “Sunday best” clothing to the Pawn Shop on Monday, use that cash to pay for the week’s groceries and necessities, and Friday when Dad got his pay cheque, he went back to the Pawn Shop to get the family’s Sunday best back. And so it went, week after week.

Today, high interest payday loans and credit cards often fill that gap, but seek to keep you – the consumer – in a cycle of debt; enslaved to a job and a credit score. By contrast, pawning an item is remarkably simple: you have something of value and a Government issued ID, that’s all we need. Our interest rates are well below that of Payday Loans, there is no credit check, no employment verification (in fact you don’t even have to be employed at all), and the paperwork is easily done in a few minutes.

When you come into a local Common Exchange location across BC’s Lower Mainland with an item of value, you have the choice to sell your item, or pawn it. Here is how the two differ:

SELL OR PAWN THE CHOICE IS YOURS


If you have an item of value and need cash - you have options!

Sell Pawn
Visit a Common Exchange Location Near You
Visit a Common Exchange Location Near You
We Place The Highest $ Value On Your Item
We Place The Highest $ Value On Your Item
We Agree To A Price To Sell Your Item
We Agree To A Price To Sell Your Item
We Do 5 Minutes of Paperwork To Finalize The Sale
We Do 5 Minutes of Paperwork To Finalize The Sale
We Give You Cash
We Give You Cash
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We Securely Store Your Item For Up To Three Months
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When You're Ready, You Claim Your Item
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You Only Pay The Interest For The Time Used
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You Get Your Item Back
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We Shake Hands & Hope To See You Again In The Future

If you no longer have use for your item then selling it may be best. On the other hand, items of value often have great sentimental value and you may want them back. In which case pawning it may be your best option.

Did You Know


You Can Pawn Anything Of Value! Here Are A Few Commonly Pawned Items

Gold

Diamonds & Jewellery

Vehicles

Anything of Value

Pawning Vs. A Payday Loan.


Thinking Of Getting A Payday Loan Instead?

Reasons Pawning Pay Day Loans
Loans are for 90 days at a time, not 14 days at a time.
Loans are infinitely renewable.
Interest Rates are low and reasonable, not as excessive as Payday Loans.
Loan rates and processes are heavily regulated by Canadian Government.
Pawn loans are paid out instantly and require virtually no paperwork.
Need proof of identity and address to get a loan.
Loans are not limited by your paycheque. Get $10 - $10,000.

What's It Worth?

Find Out What Your Item Is Worth

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Why Choose Common Exchange?


Pawn shops have been a part of thriving communities for hundreds of years. In fact, in England the local Pawn Shop was called “Uncle”, as in: “I’m going to see Uncle for a loan.” Pawnshops are a cornerstone of local communities around the world; helping our neighbours get the cash they need. Pawnshops provide instant loans against anything of value. We give you cash; you leave the item with us until you can pay back the loan. You don’t even need a job to pawn an item, just something of value, and an ID. It’s really that simple.

A Long History

Browse The Long And Fascinating History Of Pawn Shops

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FAQS


Common Questions About Pawning Your Item

  • Q: What kinds of items can I pawn?

    Anything of value. If your item could be resold for cash, you can pawn it, or sell it with us. Obviously, the more value an item has, the more you can loan against it. We will loan or buy anything of value.

  • Q: What if I lose my claim ticket?

    When you pawn your item we start a file on you and your item that includes your phone number. This is for your protection. If you lose your claim ticket (and it happens a lot) all you need to do is call us, and we'll put a note on our system to check ID when claiming your item. That way, we know it's you when you come in.

  • Q: How long can I pawn an item for?

    A typical pawn is 90 days or three months. Pawning an item is intended to be a short term fix to a temporary financial situation. We work with our clients to avoid getting themselves into the PayDay Loan cycle of servicing debt. Instead our goal is to be a reliable source for short term cash flow assistance.

  • Q: What if I don't claim my item after 90 days?

    Our goal is to work with you to get your item back. Contrary to what many believe; we don't want to claim your item, we want to get it back to you! So we will proactively call you and do our best to get hold of you to return your item to you. If you need more time, no problem we can work with you to give you more time or start a new pawn term.

  • Q: What does it cost?

    We strive to be transparent in our fees and costs. There is a one-time $2 fee when you pawn your item, and then 10% per month. So for example, if you pawned jewellery for $100, your fees will be:
    Month 1: $12 ($10 in interest plus your $2 fee)
    Month 2: $10
    Month 3: $10
    That's it. Pretty straight forward and transparent.

  • Q: Do you actually hope I never claim my item back?

    Absolutely not. We are in the business of providing loans to our valuable clients. We loan that money against an item of value, and we only make money when you collect your item. Therefore it is in both of our interests to work with you to make sure you get your item back.

What Our Clients Are Saying


I have been dealing with this awesome pawn shop for long time and everytime I go there they make me feel like part of the family and like im an important person so yes yes I would say need help go see these people they are awesome =)

KN, Maple Ridge, British Columbia

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