The Science Of ... , Evergreen Content

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

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
6 techniques you can use to get funding to start (or grow) a business

6 techniques you can use to get funding to start (or grow) a business

Small business guru Pavlo Phitidis discusses the techniques, how they work and how to get them right.

Money market accounts (and Exchange Traded Funds) FAQs answered

Money market accounts (and Exchange Traded Funds) FAQs answered

Personal finance guru Warren Ingram explains what money market accounts are and the difference between various ETFs.

2016 - Good riddance to bad rubbish

2016 - Good riddance to bad rubbish

Bruce Whitfield interviews public speaking superstar Vusi Thembekwayo, who says “Dear 2016: we are glad you are over”.

Meet (outgoing) Old Mutual EM CEO Ralph Mupita (soon to be MTN’s CFO)

Meet (outgoing) Old Mutual EM CEO Ralph Mupita (soon to be MTN’s CFO)

The Money Show’s Bruce Whitfield interviews Mupita about his life and his exciting (and challenging!) new job at MTN.

Why the SA Institute of Race Relations accepted funding from Coca-Cola

Why the SA Institute of Race Relations accepted funding from Coca-Cola

The institute's Gwen Ngwenya explains why it took money from Coca-Cola to fund research on taxing beverages containing sugar.

How pawn went mainstream (and how Richard Mukheibir became its biggest star)

How pawn went mainstream (and how Richard Mukheibir became its biggest star)

The story behind Cash Converters and its pawn star CEO Richard Mukheibir…