HOW TO PAWN DESIGNER HANDBAGS Presented by Chapes-JPL
Introduction SKIP THE LOCAL PAWN SHOP Pawning a luxury handbag is not a typical transaction that should be completed at any local pawnshop. When a woman is considering pawning her designer bag, it is best to have it appraised by a pawn lender that can truly appreciate its value and offer the most money.
DOES YOUR BAG QUALIFY AS “LUXURY”? Before attempting to pawn your bag, it is best to make sure that your handbag qualifies as “luxury.” Several fashion experts characterize designer handbags as having a high level of execution at all levels from creation to manufacturing. The most recognized luxury bag brands include Gucci, Fendi, Louis Vuitton, Hermes, and Chanel.
HELLO!
I am Lee Benhayon
I am your presenter for this presentation. You can find me at lee@chapesjpl.com
1. WHY PAWN A LUXURY BAG? Let’s start with the benefits of pawning a designer handbag.
Get quick cash without losing your bag.
When you need some quick cash, and you own a valuable bag, pawning one of them may be your best, and least expensive, bet.
Why not sell my bag instead? Although the option to sell a designer bag is available, most women have grown so attached to their designer bag, that they just do not want to be parted from it forever.
Never Sell Your Handbag for Cash Again!
2. HOW IT WORKS Let’s continue with how pawning handbags work.
Step 1: Have It Appraised Pawning your bag is a straightforward process. All you need to do is visit a high-end pawnbroker like Chapes-JPL and present your bag. An appraiser will then determine how much your bag is worth, in addition to verifying its authenticity.
Step 2: Negotiate a Loan Amount Once a value has been determined, an honest pawnbroker will offer you between 25 to 60 percent of what your handbag is worth. However, contrary to popular belief, pawn shops are willing to negotiate. The trick is to negotiate on the percentage and not the valuation of the bag.
Step 3: Pay Back Your Loan After you overcome your financial difficulties, make sure to pay back your loan promptly or you may risk losing your luxury bag forever. In the event that you can’t pay the entire loan amount, most upscale pawn shops will allow you to rollover your loan and only pay the current month’s interest.
Now You Know How to Pawn Your Handbag, Congrats!
3. POPULAR LUXURY HANDBAGS Let’s wrap up with a brief list of the most popular bags to pawn.
Everyone Loves Louis Vuitton. French-made Louis Vuitton handbags are loved by many women around the world. The prices for Louis Vuitton bags vary wildly with quotes ranging anywhere from $700 to $8,100.
Get Noticed with Gucci.
Over the years, Gucci has become instantly recognizable as a symbol of luxury and leisure. Gucci handbags range in retail sales price anywhere from nearly $1,400 to $4,890.
Stay Classic with Fendi.
Fendi handbags are noted as being the top luxury handbag line across all brands. Fendi bag styles range in retail price anywhere from $1,350 to as much as $23,000.
Strut your Wealth with Hermes.
Hermès handbags have a dynamic appeal of being both scarce and sought-after. This attraction of exclusivity accounts for the very high price tag that ranges from $4,000 - $185,000.
Change It Up with Chanel.
Chanel handbags have a long history of being known as the “goto accessory for stylish women of any age.� Chanel bags usually range from $2,000 - $5,000.
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References Benhayon, L. (2018, January 10). How to Pawn a Designer Handbag (with images). Retrieved February 02, 2018, from https://chapesjpl.com/designer-handbag-pawn/ Durdern, T. (2017, April 21). Top 10 Items Pawn Shops Drool Over (You’ve Been Warned). Retrieved February 02, 2018, from https://medium.com/pawned/what-do-pawn-shopsbuy-c35f2835cc5c Boyd, S. (2016, January 07). 10 Designer Bags To Invest In For 2016. Retrieved February 02, 2018, from https://www.forbes.com/sites/sboyd/2016/01/07/10-designer-bags-to-investin-for-2016/ Pawnbroker. (2018, January 27). Retrieved February 02, 2018, from https://en.wikipedia.org/wiki/Pawnbroker#Upscale_pawnshops