What Is The Difference Between Pawning And Selling?


13 Answers

Rebekah Coulson Profile
Rebekah Coulson answered
There is a distinct difference between pawning and selling, particularly as dealing with a pawnbroker will see valued possessions such as rings, computers and even valuable items of clothing being exchanged for a short-term loan. It’s important to remember that the interest rates charged for the privilege of using this service will be high, and that the loan amount will only be a fraction of the item’s estimated value. Once you have participated in a pawnbroker’s agreement, you will be given a ticket which includes all of the information pertaining to your item. From here, you have a set amount of time in order to reclaim your valuable item by effectively buying it back; paying the loan’s value in addition to the agreed interest on top. It’s important that you do this punctually, as failure to do so could result in more interest being levied, or your item being sold to the general public.

In many ways, pawnbrokers offer a more traditional form of a secured loan, where the money you borrow from a creditor is secured against a car or your home. Failure to pay on time results in these assets being seized, and this insurance for the creditor means that lower interest rates can be offered in exchange.

Understandably, this is distinctly different from selling, where you will negotiate with another person or organisation on the value of the item you wish to pass on. In order to ensure you don’t get ripped off, check the recommended retail price of your possession brand-new, and visit websites such as eBay to see the average selling price in a used condition. Always exercise caution when selling your assets and using pawnbrokers.
Anonymous Profile
Anonymous answered
Pawning is basically you giving up something of value in exchange for what is essentially a loan. If you do not repay the loan back (plus interest) after a certain number of days, the pawn shop basically gets to keep whatever you gave up and tries to sell it to re-coup losses and/or make some sort of profit.
You can think of it as you are temporarily selling something you own, planning to buy it back later from the pawnshop. Granted, if you want to outright sell something, it's better to just flatout sell it instead of pawning if off, though you should "shop" around for that.
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mattleonard leonard Profile
Here are the basic differences between pawning and selling.
The person selling something loses the ownership. A person pawning it doesn't lose possession unless he defaults on the payment.
Status: If you pawn your stuff, you're technically a debtor of the pawnbroker and owe him money. When a sale is completed, there is no relationship between the buyer and the seller.
Time Bound: There is no binding of time in a sale. A pawning agreement is for a period of time, but can be extended.
Interest: The person pawning his possessions needs to pay an interest as agreed with the pawnbroker. There is no interest paid in a sale.
Money: More often than not, you will get a higher amount for sale than you'd get by pawning, provided you wait for the right buyer. The pawnbroker will very often lend you less than what the pawned goods are worth and you have to pay interest on it as well.
Jimmy Mathews Profile
Jimmy Mathews answered

Pawning:- It is more like a secured loan. You will basically be offering your jewelry to the pawnbroker as a security for a few months (as agreed upon by both parties).

Selling:-  In a sale, one party loses the possession of the item for sale, in exchange for some money. The person paying the money acquires full ownership of the product, which he has purchased and can use it for whatever purpose he wants.

Peter Farrell-Vinay Profile
If you pawn something you get a (small) proportion of it's value from the pawnbroker. You are expected to redeem it within a period. Leave it beyond that period and the pawnbroker keeps it. Then you've sold it.
jasper rafols Profile
jasper rafols answered
Well, iv'e pawned my phone for a couple of times,,,
so, for me,.. Pawning is something that you ,,, umm,, pawn,..,.. Then the pawner would give you an amount of money, not exceeding the actual amount of the item,,,
then to get your item back you are going to have to pay the amount of money, the pawner has given you....
Selling,,, is,,,, exchange of goods,,  without any return,,,
Anonymous Profile
Anonymous answered
When you take something to a
pawn store you are getting money for that
iteam and you can get it back by paying it off
and when you seal something thats it
you get the money for it and go
on with your life
shasha blount Profile
shasha blount answered
Selling means you sell it for money and you give it away. Pawning is where you give it to a pawn shop and they give you a lower price then what you bought it for, also you can go back and buy it again.
High Sea Air Profile
High Sea Air answered
You  pawn something  , you own a  pawn shop, you pawn something off
You  sell  something , you  are  a employee  of  a  store that  sells something
KK Rak Profile
KK Rak answered
I think the difference is that selling is where people want to buy something from you or any where else but pawning is where you are trading
jazz hughes Profile
jazz hughes answered
Well really there is no diff but pawning is wen da item is second hand nd for cheaper nd selling is usually new r sumtin
madeline pape Profile
madeline pape answered
Pawing- you can bring an object that you can ask to whom you are selling to what you think its worth and he says what he thinks and you both eventually  come to an agreement to hw much it is wrth and the person whom you are bargaining with buys it from you and gives yu the money that you both agreed on.

Selling is when you give away yur desired things in a store or at a flee market. Without goin to a specific place and bargaining for what you might not get.

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