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Need cash (or a loan) quick? How pawn shops may be able to help…

My business doesn’t thrive on poor people. My business thrives on yuppies. They buy a Ferrari, but don’t have money for petrol.

Roy Peretz

A pawn shop is a business who loans money – or pays cash - to people who bring in valuable items such as jewellery, gold, watches, cameras, musical instruments, televisions or computers.

The Money Show’s Bruce Whitfield interviewed Pawn Shop SA host and pawn shop owner Roy Peretz for his weekly "The Science Of" feature.

Listen to Peretz in the audio below (and/or scroll down for more quotes from it).

I will not buy anything I can’t sell.

Roy Peretz

You buy a laptop today; tomorrow it’s worth half the price.

Roy Peretz

People who come to us are not bankable. Banks won’t help them.

Roy Peretz

You can bring your car to us; you can still drive it but we’ll give you money.

Roy Peretz

I’ve pawned two Ferraris this year.

Roy Peretz

We have huge problems with security.

Roy Peretz

We look at the pictures on your phone to ensure you didn’t steal it.

Roy Peretz

The oddest thing I’ve ever been asked to pawn was a vibrator.

Roy Peretz

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Article brought to us by Old Mutual.


This article first appeared on CapeTalk : Need cash (or a loan) quick? How pawn shops may be able to help…


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