All About The Store
The Bay Street Broker has two sections to our store. The front side is 250-383-SHOP is where we sell our products and the entrance to the shop side of our store is on Government and Bay. The back side of our store 250-381-PAWN is where we loan out money for pawns and entrance is just off Bay Street and we have free customer parking next to the 381-PAWN entrance to our store.
What is a Pawn Shop
A Pawn Shop is a shop or business who loans money to people who bring in valuable items which they leave with the pawn broker. Examples of items that a person may leave are jewelry, gold, watches, cameras, musical instruments, televisions or computers. The valuables that people leave are called the "collateral".
Pawn
A Pawn Shop loan is what's known as a collateral loan. To borrow money from a pawn shop, you provide an item as collateral—such as jewelry, a TV or a musical instrument—and the pawn shop provides a loan based on its appraised value.“ Fast Cash ” There are two different ways a pawn loan can be a solution to receive cash.
1. We loan you cash based on a percent value and hold your item until you return to pay the interest with taking the item out of pawn.
2. We buy your item from you.
Layaway
Dont have all the money right now? No problem we do layaway.
Just pay half up front and the rest within the next 3 months! We securely store your item in a warehouse. Pay a little or as many payments in those months!
1. We loan you cash based on a percent value and hold your item until you return to pay the interest with taking the item out of pawn.
2. We buy your item from you.
Consignment
Hate dealing with Marketplace? No problem we've got you! We will sell your item for you, we take 25% & taxes.
example: Sally sells her laptop for 300$ plus tax, she receives 200$ the rest well that goes to the government and us.
Note: For pawns every transaction must be done with 2 pieces of I.D.
Bike sales - Must have original purchase receipt.
Phone sales - Must be wiped clean to factory settings, all accounts must be removed.
Phone must NOT be connected to a monthly plan.