margarita25
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Really? I thought most people would just pawn the item and go. I can't foresee it being very common for someone to back-to-back pawn/re-pawn items with high frequency. That would seem odd to me if someone did that every few days. Why not just keep the damn thing either with your persons or at the pawn store?
What is the motivation for doing that?
Are people treating it like 'liquidating' their assets to cash and only 'unpawn' something when they need it? Otherwise it goes back in as a pawned item and turned into cash. Basically patrons treat it like a rental service?
When I was a broke college student I did this; here is how it worked for me.
My rent, etc would be due, so I'd pawn something like my Glock or tv with the full intention of getting it back out asap, as soon as I got paid. One can get a small loan against the value (not a large amount) so you can get it out more easily later. The longer its there, the more interest accrues, and if I didn't get it out by 3 months, then I'd "lose" the item, unless I went back in and got an extension by repaying on the interest. It was an awful feeling, one never wants to part with their items in the loan process, but you tell yourself, "I'll get it back out on the next pay day". Unfortunately, I "lost" some special items this way because I could not afford to get them back out, or stupidly missed the deadline. I actually even bought back some of my stuff at full retail price off the shelf after I lost it, but the worst is if you lose it, it hits the shelf, then someone else buys it. Then you're totally SOL.
I think many customers work like this, particularly with guns, tools, electronics, guitars when they can't afford a bill. They do not want to part with their items, and fully intend to "get them back out". It can be a vicious cycle.
I haven't pawned anything for a "loan" in probably decades, thank goodness, and to this day still kick myself for pawning a very special necklace for a loan which I fully intended to get back out. I think many items on pawn shop shelves initially made their way there with the sincere intention of the owner to retrieve it.