Updated on September 29, 2022
If you’re looking to sell off your used bike, the best place to do so would be a pawn shop. Pawn shops are super lenient regarding the condition of your bike, and they’re going to be the only ones that are willing to offer cash on the spot.
As far as the money is concerned, the price of a bike can vary depending on the type and condition. Pawnshops often offer better prices than secondhand sellers because of their disregard for the condition. If it works, the pawnshops know that someone will buy it off them. With that said, let’s go over everything there is to know about pawn shops and bikes.
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Will a Pawn Shop Take a Bike?
If you have a minor issue with your bike, like the handlebars needing to be retaped or the seat not being comfortable for long rides then pawn shops will work with you. However, if there is something majorly wrong such as a gear issue, damaged body, etc., that would keep someone from being able to ride the bike, then they probably won’t. The bike needs to be functional, and that’s pretty much all they want in the products they’re purchasing.
Is It Better to Pawn or Sell?
It primarily depends on what kind of bike you have and what you’re looking to gain from the deal. If you have a really decent bike and you want cash super quickly, pawn shops are the best bet. Similarly, if you have a good quality bike and want to get the most money from selling it, you probably should go for Craiglist or eBay.
Secondly, if you have a bike that’s not in good condition, it’s always better to pawn it. This bike will be super difficult to sell, and the money you get from it probably won’t be as much as you expected.
What Will Pawn Shops Not Buy?
Generally speaking, there’s only one rule that pawn shops have, the bike must run. It doesn’t matter if there are minor problems with the bike handles or seats, or if it needs a bit of work to be fully functional. All of this will affect the price, but you’ll still be able to sell the bike regardless.
However, even if the bike is completely undrivable, there’s still a chance that you might be able to find a pawn shop that is willing to take it. They won’t resell this to other customers. Instead, they’ll just have it sold for scrap or spare parts. While this is a possibility, there’s no guarantee that you’ll get any kind of a good price for this.
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To sum it up, pawn shops can pay a good bit of money for your bike. They’re a relatively unorthodox way of selling off your bike. But, if it works, it works. They’re the only ones that will give you instant cash in exchange for your bike, regardless of its condition. However, as a rule of thumb, you should definitely visit a couple of pawn shops before you actually sell your bike. A certain shop may be willing to pay more than others.
Hey, all I am Joe Marino I love to ride bikes and teach others how to ride them. Most of my articles are about which bike is best for others. I am passionate about cycling and it shows, whether I am writing about a $25 bicycle from any random website or a $5000 Santa Cruz.
I have always been the guy who gets calls from friends while at work asking which bike they should buy. I have written about the best city bike for commuting, the best folding bike for use on public transit, and even what to keep in mind when shopping for kids’ bikes.
You can follow my blog and read all of my other articles on my website.