WatchUSeek Watch Forums banner

1 - 12 of 12 Posts

·
Registered
Joined
·
2,654 Posts
They list a diamond encrusted Breitling as being worth 3k? Surely it would be a bit more than that?
When dealing with a pawn shop you are either selling it or borrowing money against it. In this case it was used to borrow and you can borrow as little or as much as the pawn company is willing to loan. For instance you can have a million dollar watch and still only borrow 100 or more up to what will be the max the pawn will loan which is usually about 50% of value.
 

·
Registered
Joined
·
1,010 Posts
Yup typical...."easy come, easy go" :roll: So glad he was able to buy it back when he got his wages.......errrrm:-s
 

·
Premium Member
Joined
·
1,079 Posts
When dealing with a pawn shop you are either selling it or borrowing money against it. In this case it was used to borrow and you can borrow as little or as much as the pawn company is willing to loan. For instance you can have a million dollar watch and still only borrow 100 or more up to what will be the max the pawn will loan which is usually about 50% of value.
Yes, but The Sun quoted it as being 'A 3k watch', not that he had asked to borrow 3k on it. I would have thought, if anything, The Sun would have wanted to exaggerate its worth.
 
1 - 12 of 12 Posts
Top