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Pawn
 Buy Sell Loan, Inc. loans money on items of value ranging from gold and diamond jewelry to antiques, musical instruments, electronics, cars, boats, etc. All customers provide collateral, eliminating the need to distinguish high risk from low risk borrowers.
Typically, pawns are small averaging between $70 and $100, although they can be as small as $20 or as high as tens of thousands of dollars depending on the value of the collateral. Contract in California is for 4 months and 10 days, renewable any number of times by paying the interest due. Generally, interest rates will vary with the amount of the pawn.
The process is much the same as any other lending institution, with the primary difference being the size of the pawn, the collateral and the holding of the merchandise until the interest or the pawn has been repaid.
Buy Sell Loan, Inc. offers the consumer a quick, convenient and confidential way to borrow money. A short term cash need can be met with no credit check or legal consequences if the pawn is not repaid.
A customer receives a percentage of the value we believe the collateral would bring in a sale. A pawn of about 50 percent of the resale value of the collateral is typical.
When a customer pawns an item, terms of the pawn are printed on a pawn ticket that is given to the customer. The ticket states the customers name, address, type of identification provided to the pawnbroker, a description of the item, amount lent, maturity date, interest rate and amount that must be paid to redeem the item.
All transactions are confidential
Buy Sell Loan, Inc. has a sophisticated security system including closed circuit TV, a silent alarm that links to the San Francisco Police Department, and motion detectors for when the store is closed.
Interest Charges
The following is the California law on basic interest charges for pawnshops. The actual law can be found in California Financial Code Section 21200.5. The description of the law below has been rewritten in layman's terms.
- A 2.5% interest charge per month on the principle (loan amount) of the loan, including, but not more than $225.
- A 2% interest charge per month on a principle loan amount more than $225, including, but not more than $900.
- A 1.5% interest charge per month on a principle loan amount in excess of $900, including, but not more than $1,650.
- A 1% interest charge per month on a principle loan amount from $1,650 to $2,499.00. Individual shops can set the interest rate for loans more than $2,499.00.
One month's interest may be charged for any part of the month in which a pawned item is redeemed.
Auto Loans
Buy Sell Loan, Inc. offers two auto loan programs available to meet your needs. Our Consumer Loan Program (auto financing) allows you keep the car and drive it during the loan term if you qualify (click here for Auto Financing), and our Autopawn Program is available for those people who only need a short term loan and can leave their car with us.
Our Autopawn Program is perfect for those people who need to borrow small or large sums of money FAST - usually in fifteen minutes or less, and can leave the car with us. There is no minimum loan amount or minimum car value required to qualify under this program. For example, if all you need is $100 or more and your car is paid off, we should be able to help. If you can leave the car with us, we can loan up to 60% of the value of the vehicle depending on various factors such as the year, make, model, mileage and condition.
The loan term is four months, but you can pay off the loan and pick up your car anytime you want during the term of the loan. If you need additional time, you may make a partial payment and we will rewrite the loan to give you an additional four months.
There are two main charges, interest and storage. The storage charge and the interest is set by the State of California. We have indoor, secured storage.
For more information, send e-mail to info@buysellloan.com.
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