Frequently Asked Questions
Basically, we loan money on tools and equipment, buy tools, sell tools, trade tools.
Q: [How much of a loan can I get for my
tool?]
A: [You can expect to get 25-60% of your tools worth as we have to
be able to sell it quickly if you don't pay us back.]
A: [Your tools worth is calculated by its condition and how much it
can be purchased for either locally or on the web]
Q: [How much will a loan for my tool
cost me?]
A: [One month loans over $50 cost 10% and under $50 are 15%.]
A: [Longer term loans such as 3 or 6 month loans will be 2% less per
month respectively]
Q: [How much will it cost me to sell my tool at Tool Pawn
and Trade?]
A: [10% of the sale plus expenses such as handling and
shipping]
Q: [What tools and equipment does Tool Pawn and Trade prefer?]
A: [Tools and equipment in clean, good working condition]