Do Pawn Shops Buy Lawn Mowers? What You Need to Know

Pawn shops frequently accept lawn mowers, providing a financial option for individuals to sell equipment or secure a collateral-based loan. They purchase various types, including push, self-propelled, and riding mowers, as well as electric and gasoline-powered versions. This allows individuals to convert surplus lawn equipment into immediate funds.

Characteristics Pawn Shops Seek

Pawn shops look for specific attributes in lawn mowers to ensure marketability. Gas-powered mowers are often sought for their power and range, while electric models are desirable for smaller yards due to quiet operation and lack of emissions. Reputable brands such as John Deere, Toro, Honda, Stihl, and Craftsman are preferred, as they hold better resale value and are known for reliability.

Beyond brand and type, the age and overall condition of the lawn mower significantly influence its appeal. Newer models are more desirable, and the equipment must be in good, functional order, meaning it starts, runs, and operates as intended. A clean and well-maintained appearance, free from excessive rust or dirt, also enhances its value. Ensuring any batteries are charged for cordless models or that the gas tank is full for gas models can facilitate the appraisal process.

Valuation Methods Used

Pawn shops determine the value of a lawn mower by assessing several factors, aligning their offer with potential resale profitability. They consider current market demand for used lawn mowers, which can fluctuate seasonally. The shop’s existing inventory is also a factor; if they already have many similar models, they might offer less to avoid overstocking.

The estimated resale potential is a primary driver of the offer. Pawn shops often check databases or online marketplaces to gauge what similar items have recently sold for. They also account for any potential costs for minor repairs, cleaning, or certification needed to prepare the mower for resale. The loan or purchase offer will be a percentage of this estimated resale value, generally ranging from 25% to 60%, rather than the original retail price, as pawn shops operate on a profit margin.

The Pawning or Selling Process

When taking a lawn mower to a pawn shop, the process begins with presenting the item for evaluation. You must bring a valid government-issued photo identification, such as a driver’s license or state ID, as this is legally required to verify your identity and age. Bringing proof of ownership, like an original receipt or manual, can expedite the process and potentially increase the offer.

A pawn shop employee will then conduct an on-site inspection, testing the lawn mower’s functionality and assessing its condition and marketability. Following this appraisal, the pawnbroker will present an offer, distinguishing between a loan offer (pawning) and a purchase offer (selling outright). If you choose a loan, the terms will include the loan amount, interest rates—which can range from 10% to 25% per month—and a repayment period, typically 30 to 90 days. Should you accept the offer, you will sign a loan agreement or bill of sale, and receive immediate cash.