What exactly do you need to bring with you when you come to a pawn shop? Pawnshops specialize in providing secured loans. The customer should go to the pawn shop in person to pawn a valuable item and get a certain amount of money in return. What exactly do we need to bring with us when coming to a pawnshop?
What is the procedure for concluding a contract?
The pawnshop employee always prepares a written contract for the customer. Therefore, we cannot conclude a contract orally, for example by telephone. The contract includes provisions regarding the subject of the pledge, the value of the loan, and the terms of its repayment. The conclusion of the contract itself is not too complicated, because we only need to sign the documentation prepared by the employee. On the other hand, he will prepare it only when we come to the pawnshop with a set of necessary things. What do we need to carry?
In Poland, the basic identity document is an identity card. Every adult citizen of our country has it – to conclude a contract with a pawnshop, you must be at least 18 years old. The ID card is the basic identity document that pawnshops honor. Some of them also conclude a contract with people who have a passport, but this is not the rule. The identity card must be valid both at the time of concluding the contract and when it expires. Why do we actually need an ID card when pawning items? Well, the pawnshop employee enters the data from the ID into the contract, so he must be sure who exactly he is dealing with. This is very important in case it turns out that the pawned item was stolen, for example. The owner of the pawnshop is obliged to report this to the police, giving the details of the person.
Subject of the pledge
A customer who wants to pawn an item at a pawnshop must take it with them to a point of their choice. Before the contract is concluded, the employee carefully inspects the item and then evaluates it. Pawnshops only accept items as collateral that they will be able to resell later. Therefore, the pledged item must have some market value. Moreover, it must be in relatively good condition. The subject of the pledge remains in the pawnshop until the pledge agreement expires. In the meantime, the customer can of course buy it out, thus repaying the loan. If he fails to do so, the item becomes the property of the pawnshop. The situation is slightly different in the case of real estate, because the customer is inevitably unable to transport it to the pawnshop. Then he also arranges an inspection with the employee at a specific time.
Proof of purchase or ownership
For slightly more valuable items, pawnshops may require proof of purchase or proof of ownership. A receipt can be a proof of purchase, although a personal invoice is the most valuable. If it includes the data of another person, the customer must provide the contract under which the transfer of the item took place. In the case of cars or real estate, a document that confirms ownership is very important. Without it, no pawnshop will accept the item as pawn. Many people wonder what to do in a situation where we do not have a document that confirms the purchase of the item? After all, not everyone collects receipts, let alone invoices, which are usually not issued to individuals. In the case of things of small value, the pawnshop will not cause any problems. The pledger only needs to certify that he is the owner of the item. Such a certificate has legal value for both the pawnbroker and law enforcement. In the case of slightly more valuable items, the matter is not so simple. Typically, pawnshops require a proof of purchase to prove that the item is not stolen.
Some pawnshops require that the pawned item be delivered in its original packaging. From the point of view of the pawner, it does not matter much how he will hand over the item. From the point of view of the pawnshop, however, it is much more important, because the product in its original packaging is much easier to sell. Nevertheless, some pawnshops turn a blind eye to how we will deliver pawned items to them. The most important thing is their technical condition, not the packaging itself.
What do you need to bring with you when you want to buy something at a pawn shop?
We already know what a person who wants to pawn an item in a pawnshop must have with them. The question remains, what must a customer who wants to buy something in a pawnshop have to take with him? In this case, it is much simpler, because he only needs to have cash or a payment card with him. The pawnshop will not sign any contract with him, so no ID will be needed. In such a situation, a pawnshop is a bit like an ordinary store, where we come only with money. Shop customers are never asked to show additional documents.