This Should Answer Most Of Your Questions About Loaning Or Selling Merchandise With Axels Pawn Feel Free To Call With Any Questions:
+1 509-535-2251

How do pawn loans work?

Pawn loans are the quickest way to borrow money without a credit check. Loan amounts are based solely on the value of your item that is used as collateral.

Pawn loans in Washington State are 30 days plus a 60-day grace period (90 Days Total). If you cannot pay back your pawn loan in full, including any applicable charges, you may choose to renewal it to give you extra time. You may also choose to surrender your collateral as payment in full.

We can provide pawn loans on a variety of items, including Gold Silver and Diamond Jewelry, electronics, collectibles, antiques, and more. Simply bring us an item of value, along with a valid state issued ID and we’ll get you cash within minutes of your loan approval.

What is a loan renewal?
If you are unable to pay back your pawn loan in full before the final due date and take your collateral home, you may choose to renew it by paying all interest and fees due to bring it current. You will be issued a new ticket good for another 90 day period, just like the original loan.

You may also renew your loans using our exclusive Axels Mobilepawn App.

Call for details on Mobilepawn: (509)535-2251

Will I lose my pawned item?
The majority of customers repay their pawn loans and pick up their items. If a customer chooses not to repay or renew the pawn loan prior the final due date the merchandise/collateral for the loan is forfeited and put out for sale. Axels Pawn also purchases items of value if you do not wish to pawn your item.
How do you determine an item’s worth?
Axels Pawn bases pawn loan amounts on the value of the item being pawned. We research the item’s current appraised value, the item’s current condition and our ability to sell the item. Sometimes we do extensive research by reaching out to niche appraisers in our large network of partners.

Our experience staff will always offer you the highest value for your items, if you only need less than that we are happy accommodate you. We are available for consultation in person or via phone anytime during our hours of operation.

How do you determine the condition of an item?
The condition of an item is always taken into account during the appraisal process for a pawn loan or sale. If one 32-inch television comes in that is in perfect condition and one 32-inch television comes in with a crack in the case, we will loan more on the TV that’s in better condition. Most other merchandise is tested and checked to ensure it is in working condition. The better the condition of your pawned item, the more money we are able to loan you.
How do you determine the value of jewelry?
When jewelry is the collateral for a pawn loan, we test the precious metals and diamonds to determine value. Diamond testing includes a visual inspection with a jeweler’s loupe and electronic testing using state of the art equipment. We also weigh the item and determine the size, cut, color, and clarity of each diamond.

Aside from our visual inspection, we also test jewelry using various other testing methods which will let us know the amount of precious metals contained within the item. Once the item is weighed and assessed we will offer as much as we are able.

we also have a very sensitive diamond tester that will recognize lab grown diamonds, a new product that has recently hit the retail market. Lab grown diamonds still have value though it is significantly less than natural diamonds. We will also check any of your jewelry for lab grown diamonds at no charge.

How do you determine the price of gold?

Our staff updates the spot value of silver and gold every morning to assure you are getting the most we can offer.

The price of gold changes constantly due to a variety of factors. Some common factors include the following:

  • Market speculation
  • Currency valuation
  • Worldwide demand
  • Gold production
Do you give quotes for items over the phone?
We are not able to give specific quotes over the phone; however, if you are unsure about whether or not your item qualifies for a pawn you are encouraged to give us a call at any of our locations. We may be able to give you a wide range of possible loan values but we must see the item in person and conduct full testing before giving out an exact quote.
Why does the loan amount differ from the selling price at retail stores?
Our pawn loan values are based on pre-owned retail prices, not what the item cost when it was new. Any collateral that is turned over to us and made available for sale is pre-owned and will be priced accordingly on our sales floor. The loan amount we give you is based on that selling price—and our ability to sell the item.

We offer you as much as we can while still allowing room to pay for the cost of storage, insurance and other costs of doing business.

Is my collateral safe while in pawn at Axels Pawn?
While your item is in pawn, you still own it. It is our responsibility to keep it safe and in good condition while it’s in our care. When you give us an item for pawn, we keep all accessories (remote controls, cables, etc.) with your item and place it in our secure pawn item room. Your item is safely stored here and remains untouched until you come back to pay your pawn loan in full and claim your merchandise.
Are pawn shops regulated?
Yes. Washington State regulates the pawn industry. Axels Pawn is licensed and regulated by local authorities as well. We are subject to such federal laws as Truth In Lending Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, Patriot Act, and Federal Trade Commission Rules on Data Privacy and Security Transfer.

We are also long standing members of bot the WA. State Pawnbrokers Association and the National Pawnbrokers Association

Rates and Terms

Axels Pawn has the lowest Cash Pawn Loan interest rates in the area. Depending on the loan amount… We offer Monthly interest charges as low as 2.9% per month. (See example below)

There is No Minimum or Maximum period for repayment. Our cash pawn loans run on a 90-day basis and can be renewed as many times as you need.

Axels Pawn is also MLA compliant and offers loans with a fixed rate of 35% APR with all fees included.

After you take out your loan, you’ll have 3 options to get your item back. First, you can come to pay off your entire loan anytime within the first 90-day term and get your item/s back. Second, you can come to pay just the minimum on your loan which is the interest payment within 90 days.

Finally, unlike most traditional pawn shops, Axels Pawn doesn’t want you to lose your valuables. Therefore, we will let you make payments towards your principal loan balance along with the interest payments. You can get your valuables back once your loan is paid in full.
Axels Pawn Does Not Require loans to be repaid within 60 days of the loan date.

Loan Example:

  1. Loan Amount: $20,000
    2. APR: 35%
    3. Monthly Interest: $583.33

Axels Pawn & Gold offer the best item-backed loans in the area. Our plans are flexible, with no minimum repayment period and no maximum repayment period. Our interest rate is 2.9% per month or 35% APR when clients borrow 20-35% of the liquid wholesale value of their pledged collateral over $10,000. For example, if you have an asset with a liquid wholesale value of $30,000 and borrow $10,000, your interest would be $291.66/month. If you borrowed the money for 90 days, your total pay back amount would be $10,875. Our lowest loan rate is 0% for loans written on Saturday and paid in full within 48 hours, on the first following Monday, will be charged nothing but the principal amount. If you have any more questions, please review our FAQ page or give us a call.


The Process:

-Customers bring in an item of value.

-Pawnbroker offers a loan based on a percentage of the item’s estimated resale value.

-The pawnbroker then keeps the item until the customer repays the loan with interest and any additional fees that may apply.

We offer pawn term arrangements as low as 35% APR Interest Rate on $10,000+ pawn loans.

The loan repayment is based on a 90-day repayment period with no maximum repayment period.


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For Google Compliance for Personal Loans and Pawn Shops

  • Axels Pawn Has No Minimum or Maximum Term for our loans. If you receive a loan from Axels Pawn you are allowed to pick up your loan the very next day OR keep your loan here as long as you would like. Interest accrues on a monthly basis and must be paid accordingly.
  • Maximum APR on MLA Loans is 35%, APR Max.
  • The total cost of an MLA Loan will not exceed 35% APR even after all applicable fees are applied.
  • Axels Pawn Does Not Require loans to be repaid within 60 days of the loan date.
  • For example, if you have an asset with a liquid wholesale value of $25,000 and borrow $10,000, your interest would be $291.66/month. If you borrowed the money for 3 months, your total payback amount would be $10,740.
  • For more information visit our loans FAQ
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