- Auto Loans
- 1. What if I only have one car, I need it to get around?
The State of Colorado requires we keep possession of all pawned items. Many states offer "Title Loans", these loans are illegal in the State of Colorado.
- 2. What if I do not want to get an auto pawn, can I sell my car or motorcycle?
Sharpy's Pawn can and will buy your vehicles, motorcycles or ATVs outright.
- 3. Where are you going to keep my automobile while it’s in loan?
We have a safe and secured automotive storage location. We utilize motion detectors and state of the art surveillance systems to ensure that all your items are always safe and protected. We attempt to protect all items in our possession, however we are not responsible for any theft or damage to your items. Your vehicle will be inspected and the mileage noted for you protection. Your vehicle will not leave our location.
- 4. Does my vehicle have to be in my name to get an auto pawn?
Yes, just like any other pawn transaction. The property you are pledging has to be yours and the pink slip has to be in your name. If there are two owners listed on the title, both individuals must be present at the time of the transaction.
- 5. What if I cannot pay off the auto pawn loan?
We will gladly renew your loan every 30 days when you pay your monthly fee. We offer a grace period for the first 3 days. After the 3 day grace period, you can be charged a fee that can total a 20% fee. After 10 days, your item could be at risk of forfeit.
- 6. How long do I have to pay off my auto pawn?
Just like any other pawn loan, you can renew your pawn every 30 days. We also offer a 3 day grace period.
- 7. Do I need to make an appointment to get an auto pawn?
No appointments are necessary, just grab your title and ID and drive your car location. We will within minutes. If fact, the whole process will take approximately 15 minutes.
- 8. If my car is titled in another state can I still get an auto pawn?
No, the vehicle needs to have a Colorado title. Please call us to review your particular situation.
- 9. Does my car have to be paid off?
Yes. Additionally, you have to have the title in hand. If you do not have the title, you can always go to the Department of Motor vehicles and get a replacement title.
- 10. How do you determine the value of the car?
We value vehicles based upon the wholesale market and overall condition of your vehicle.
- 11. Do I need good credit to get an auto pawn loan?
No, you do not. Your credit standing has no relevance when obtaining an auto pawn. All you need is your car, title and ID.
- 12. Do I have to be employed?
To get an auto pawn you do not have to be employed or show any kind of proof of income.
- 13. Do you loan money on motorcycles or jet skis?
Absolutely, we loan money on all vehicles that have a title and are in running condition. We also loan money on heavy equipment, dirt bikes and airplanes.
- 14. What is the difference between car title loans and auto pawns?
Auto pawn is a phrase that does not get used the same way by all companies. The concept and practice of an auto pawn is that you pawn your car just like you would pawn anything else. You store your car with the pawn broker and give them the car title to hold until the loan is paid off. When you get a car title loan, your vehicle is not stored, you get to keep driving your car, but the lender becomes the legal owner of the vehicle until you pay your loan off in full. Title loans are illegal in the State of Colorado.
- 1. How can I tell if my items are gold?
The simplest way is to read the karat markings on each piece. Any one of these indicates that your jewelry is gold: For 10 karat- 10k, 10kt, 416 For 14 karat- 14k, 14kt, 585 For 18 karat- 18k, 18kt, 750 For Platinum- 950PT, Platinum, Plat, 950PT 10%IR For Silver – STERLING, 925, SILVER 1/10 GF refers to gold filled and is not solid gold, and we cannot take it in. Vermeil refers to gold plated on Sterling Silver and will be valued as silver. Our in house experts can test your precious metals for content to ensure that you are getting a fair price for your unwanted gold.
- 2. Do I need to bring identification?
Yes, We require valid identification when you’re selling or pawning items with us. Forms of ID we accept include a Driver License or ID Card issued by any state, photo ID by a governmental agency, US passport, foreign passport accompanied by another item of of ID showing an address
- 3. How will I be paid?
In most cases, we’ll pay you cash, on the spot!
There’s no waiting for your payment to come in the mail, we write up your sale and pay you immediately.
- 4. Are my items safe at your pawnshop?
We take great care in providing a safe and secured storage while your items are in our possession. We protect your safety with a high security environment. Sharpy’s Pawn LLC has a sophisticated security system including closed circuit TV, a silent alarm that links to the local police department, and motion detectors for when the store is closed.
- 5. How can I be sure the merchandise I purchase at a pawnshop isn’t stolen?
Less than one fifth of one percent of all collateral is even suspect as having been misappropriated in any manner. Thieves and robbers are a pawnbroker’s worst enemy. Pawnbrokers work closely with local law enforcement to catch and prosecute these perpetrators. A customer must provide positive picture identification to show evidence of the transaction. This information is then presented to the police department, therefore decreasing the likelihood that a thief would bring stolen merchandise to a pawnshop. Pawnbrokers are trained to look for signs of stolen property to avoid these costly mistakes. It is not in the interest of the pawnbroker to accept potentially stolen merchandise because the police can seize the merchandise and the pawnshop loses the collateral and the loaned money.
- 6. What kind of things do pawn shops buy or give loans on?
We take in any scrap gold, silver or platinum items you no longer want. We buy all sorts of unwanted, broken or scrap jewelry such as class rings, tangled gold chains, bent or broken jewelry, items with missing stones or cracked stones, gold coins, dental gold, gold earrings, bracelets, necklaces, charms and more! We do business with people every day that want to sell gold watches, fine art, automobiles, motorcycles and ATVs.
- 7. Do most pawning customers lose their merchandise?
On average, 85 to 90 percent of all loans are repaid. Repeat customers make up most of our business, similar to any other lending or retail establishment. Pawnbrokers know the vast majority of their customers because they often borrow against the same items over and over again. Pawnbrokers offer non recourse loans, looking only to the item being pledged to recover their investment if the borrower chooses not to repay the loan. It is solely the choice of the customer whether he/she elects to repay the loan.
- 8. How does a pawnshop work?
Pawnbrokers lend money on items of value ranging from gold and diamond jewelry to musical instruments, televisions, tools, household items, etc.. These items maintain their value over a reasonable period of time and are easy to store, especially jewelry. All customers provide collateral, eliminating the need to distinguish high risk from low risk borrowers. Typically, loans are small averaging between $70 and $100, although they can be as small as $20 or as high as several thousand dollars depending on the value of the collateral. The process is much the same as any other lending institution, with the primary difference being the size of the loan, the collateral and the holding of the merchandise until the interest or the loan has been repaid.
- 9. Is Sharpy’s licensed?
Absolutely! Sharpy’s Pawn is licensed and regulated by the Department of Justice and our police department. We are also licensed as a automobile dealer and precious metals dealer.
- 10. Why would someone go to a pawnshop to get a loan?
Pawnshops offer the consumer a quick, convenient and confidential way to borrow money. A short term loan can be made with no credit check or legal consequences if the loan is not repaid. A customer receives a percentage of the value of the collateral. Although the loan to collateral ratio varies over time and across pawnshops, a loan of about 50 percent of the resale value of the collateral is typical. In other words, pawnbrokers feel their loan is “paid in full” at the time it is made. When a customer pawns an item, terms of the loan are printed on a pawn ticket that is given to the customer. The ticket states the customer’s name, address, type of identification provided to the pawnbroker, a description of the item, amount lent, maturity date.