Pawn Shop in Sherman Oaks, CA - Maxferd Jewelry and Loan (2024)

MAXFERD JEWELRY & LOAN

Shop from our online store!

Shop Now

Address

6374 Van Nuys Blvd.
Van Nuys, CA 91401
Corner of: Van Nuys / Victory

Store hours

Monday-Saturday 9:30 AM - 5:30 PM
Sunday CLOSED

You have come across the foremost pawn shop in Sherman Oaks, California, if that’s what you were seeking.

Maxferd has been in business since 1884, making it not only the oldest pawn shop in California but also the oldest on the entire continent of the United States.

Our pawn shop near Sherman Oaks is renowned as the “Tiffany of pawn shops” due to our exceptional service.

Sherman Oaks Pawn Shop Services

We offer a diverse range of services at our pawn shop in Sherman Oaks, including buying or selling valuable items, jewelry appraisal or repair, and providing you with fast pawn shop loans or cash for your gold. Our goal is to meet all your needs and ensure complete satisfaction.

Loans on Jewelry

When faced with a need for a short-term loan, pawning an item and offering it as collateral to a pawn shop can be a practical solution.

Compared to the lengthy application process of a bank loan or resorting to high-interest credit cards, obtaining a collateral loan from our Sherman Oaks-based pawn shop, Maxferd, is a faster and more cost-effective option. It can also be less uncomfortable than borrowing from family or friends.

Our pawn shop in Sherman Oaks is the ideal choice for those in need of fast cash.

We provide confidential and swift cash loans for high-end watches and jewelry, even if they need repair.

Our loan process is easy and straightforward, comprising five simple steps:

Step 1: Bring your items to our counter for a prompt appraisal.

Step 2: Receive an instant verbal quote.

Step 3: Present a valid form of identification, like a passport, driver’s license, or ID card.

Step 4: Sign the loan agreement, which will be printed and given to you once approved.

Step 5: Get your payment in cash, check, or wire transfer, while we keep your item securely in storage.

There’s no need for a credit check.

We won’t report to credit agencies if you’re unable to repay the loan.

Note: Please note that we accept various items as collateral, not limited to jewelry alone. This gives you the freedom to obtain the necessary funds without having to pawn your valued belongings.

We are pleased to inform you that we accept the following items as collateral:

We take great pride in accepting a diverse range of items as collateral, including but not limited to precious metals, coins, loose diamonds, gemstones, high-end DSLR cameras and accessories, Apple products, computers, laptops, musical instruments, luxury handbags, select collectibles, and artwork.

In case you’re interested in selling your high-end watch, we have a comprehensive guide that provides valuable insights on how to get the best value for your timepiece in Sherman Oaks.

Similarly, if you want to pawn your designer handbag in Sherman Oaks, our comprehensive guide can offer you useful tips on how to sell it at our pawn shop.

Special offer (for new clients): We also have a special offer for our new clients, where we provide highly competitive interest rates ranging from 0% to 1%. Furthermore, you can extend your loan without any additional interest fees at the end of the four-month term.

Maxferd provides the finest pawn loans in Sherman Oaks!

Jewelry Repair

At our pawn shop in Sherman Oaks, we understand the importance of your valuable jewelry and the need to maintain them in excellent condition. Therefore, we offer on-site repair services performed by highly skilled and experienced jewelers. Our repair services cover a wide range of needs, such as stone setting, cleaning, polishing, resizing, gold and rhodium plating, replacing clasps and locks, and fixing links.

Attempting to repair your jewelry by yourself or using an unskilled person can result in further damage and costly corrections. Our team of professionals is dedicated to providing exceptional jewelry repair and maintenance services, backed by our excellent reputation.

By choosing our pawn shop in Sherman Oaks for your jewelry repair needs, you can trust that your jewelry will be handled with the utmost care and professionalism. Our services will help maintain the value of your jewelry for years to come.

We welcome you to visit our store for a complimentary estimate, with no obligation to sell.

Layaway Program

If you have your eye on a coveted item at our store but are unable to make an immediate purchase due to budget constraints, our layaway program provides an ideal solution. We realize that you might be concerned about missing out on the item, and so we give you the opportunity to reserve it at a fixed price.

Our layaway program is straightforward and includes:

-No income or credit verification required.

-No extra fees.

-No interest charges added to the item’s cost.

To participate in our layaway program, simply pay a 20% down payment and provide valid identification verifying that you are 18 years or older. You’ll have five months to pay off the remaining balance in manageable monthly installments. We’ll reserve your selected item exclusively for you and keep it secure until the final payment is received.

Tip: Take advantage of our layaway program for special occasions like birthdays, Valentine’s Day, or Christmas to purchase a distinctive and unexpected gift. Don’t forget to treat yourself because you deserve it!

What Our Clients Say

"As a highly satisfied customer, I am delighted to endorse this business. The staff members are friendly and reliable, and they regularly update their collection of jewelry, making browsing a delightful experience. Moreover, they demonstrate great flexibility in accommodating loans, making it an excellent option to consider."

Eric Swenson
Client, Sherman Oaks Pawn Shop

Feel free to contact us at (818) 839-4794 to schedule a no-obligation consultation. We welcome you to visit us and discover how we can assist you.

Pawn Shop in Sherman Oaks, CA - Maxferd Jewelry and Loan (1)
Pawn Shop in Sherman Oaks, CA - Maxferd Jewelry and Loan (2)
Pawn Shop in Sherman Oaks, CA - Maxferd Jewelry and Loan (3)
Pawn Shop in Sherman Oaks, CA - Maxferd Jewelry and Loan (4)
Pawn Shop in Sherman Oaks, CA - Maxferd Jewelry and Loan (5)

Contact Us

To experience our friendly customer service and unbeatable deals.

"*" indicates required fields

Pawn Shop in Sherman Oaks, CA - Maxferd Jewelry and Loan (6)

MaxferdSan Francisco

201 Kearny St.
San Francisco, CA 94108
Corner of Kearny / Sutter

Tel: 415-915-7597

License #3801-0959

MaxferdBeverly Hills

9640 S. Santa Monica
Blvd, Beverly Hills, CA 90210. Corner of S. Santa Monica / Bedford

Tel: 310-220-0767

License #1910-0993

MaxferdWoodland Hills

20930 Ventura Blvd., Woodland Hills, CA 91364
Corner of Ventura / De Soto

Tel: 818-214-8230

License #1942-0875

Van NuysPawn Shop by Maxferd

6374 Van Nuys Blvd. Van Nuys, CA 91401. Corner of Van Nuys / Victory

Tel: 818-839-4794

License #1942-0922

16510 Hawthorne Blvd. Lawndale, CA 92060 Close to 405 Hwy

Tel: 310-362-5289

License #000000924

COMPLETELY TRANSPARENT LOAN CHARGES

California Pawnbrokers are regulated by the State of California’s Business, Professional, Financial and Penal Code along with Local Municipalities.

Copyright © 2024 All Rights Reserved

Privacy Policy | Terms of Use

Pawn Shop in Sherman Oaks, CA - Maxferd Jewelry and Loan (2024)

FAQs

How do pawn shops determine loan amount? ›

The amount of money you can get from a pawn shop loan is based on the item's resale value, also called an open market valuation (OMV). This amount is typically much lower than the item's inherent value, so your loan will only be a percentage of the item's worth.

What's the most a pawn shop will loan? ›

Most pawn shops offer loan amounts of 25% to 60% of your collateral's value. Be aware that pawn shops have high APRs that can make them one of the most expensive options to borrow money. Pawn shops do not require credit checks.

What type of jewelry sells best at pawn shops? ›

If you want to get the most amount of cash, focus on jewelry with gold, diamonds, or platinum. And don't think that jewelry must be in perfect condition. Most pawn shops will take broken pieces as they still have value.

How do pawn shops know if jewelry is real? ›

Visual Inspection

Pawnbrokers closely examine the piece, looking for distinct hallmarks or stamps that indicate the gold's purity. These hallmarks usually include a number followed by “k” or “kt” (karats), such as 18k or 24k, signifying the percentage of gold content in the piece.

How much will a pawn shop give you for a $1000 item? ›

According to the search results, pawn shops generally offer loans ranging from 25% to 60% of an item's resale value [1]. So, if you were to pawn a $1000 item, you might receive a loan amount between $250 and $600.

How do they determine your loan amount? ›

Your income and employment status play a role in determining the size of the loan amount, as do factors such as the collateral and your credit history. Number of Months: The number of months refers to the loan term broken down by the total months you have to repay it.

What will pawn shops pay the most for? ›

Pawn stores usually pay the most for jewelry like diamonds and gold, timepieces, coins, vintage sneakers, designer purses, and handbags. However, every pawn shop can buy high-ticket items, including vehicles, real estate, and jewelry.

Is it better to sell or get a loan at a pawn shop? ›

A pawn loan is less of a risk for the pawnbroker, because they aren't as concerned about reselling the piece. If you have a valuable you don't mind parting with and you don't want to have to worry about paying back a loan, then it may be easier for you to just sell. You will have the extra cash you need on the spot.

How do jewelry loans work? ›

These take the form of an installment loan — you make incremental monthly payments toward the loan balance, plus interest. Generally, jewelry financing offers more flexible credit requirements compared to borrowing a loan from a traditional bank.

What sells for $100 at a pawn shop? ›

What Can You Pawn for $100?
  • Snowboard.
  • Flat-screen TV.
  • Tablet.
  • Bose speakers.
  • Apple watch.
  • Refrigerator.
  • GoPro.
  • Power tools.
Mar 26, 2024

Is it better to sell your jewelry to a jeweler or pawn shop? ›

Jewelry stores often offer more advantageous price terms than what you would receive at a pawn shop. Additionally, when selling to a jewelry store, you can be assured they will have expert staff and knowledge on the items you are looking to sell.

Can I sell a diamond ring I found? ›

It's possible to sell a diamond you found. But, there are a few key points to think about. You need proof of ownership and authenticity. This could mean getting an appraisal from a reliable appraiser or having the diamond certified.

Will Jewelers test gold for free? ›

A jeweler can normally do this for you for free if you don't have your own scale. You will need the weight in grams. Fill a vial with water. It's helpful if the vial has milliliter markings on the side, since that will make it easier for you to read the measurements for this test.

How do pawn shops know if something is stolen? ›

If the item ever goes missing and winds up in a pawnbroker's hand, they can check the database to see if it's a stolen good. The same goes for property marking. There have been numerous cases in the past where effective property marking has led the stolen item to be returned to its original owner.

How much do pawn shops mark up their jewelry? ›

How do pawn shops calculate value? Most pawnshops try to maintain a 38-50 percent profit margin, which means they want to earn that much compared to what they offer you. So, they'll assess your item's market value, then reduce it by their profit margin.

What do pawnshops make loans based on? ›

The pawnshop will assess the value of the item and offer a loan based on that amount. The loan amount offered will likely be less than the assessed value of the item. If you accept the loan, you will be given a lump sum and a pawn ticket. This ticket is needed to reclaim the item when repaying the loan.

How is pawn value determined? ›

Pawnbrokers have access to value databases that list current resale prices for common items. If an item isn't listed in these databases, they may check eBay to see what customers are paying for the item. Jewelry, antiques, and historical artifacts may require a special appraisal by an expert.

How do you determine the value of a loan? ›

Calculating your loan-to-value ratio
  1. Current loan balance ÷ Current appraised value = LTV.
  2. Example: You currently have a loan balance of $140,000 (you can find your loan balance on your monthly loan statement or online account). ...
  3. $140,000 ÷ $200,000 = .70.
  4. Current combined loan balance ÷ Current appraised value = CLTV.

How do lenders determine how much you can borrow? ›

Mortgage lenders use a calculation known as the debt-to-income ratio (DTI) to determine how much home you can afford. The DTI ratio is calculated by dividing your monthly debt obligations by your gross monthly income.

Top Articles
Latest Posts
Article information

Author: Manual Maggio

Last Updated:

Views: 6261

Rating: 4.9 / 5 (69 voted)

Reviews: 84% of readers found this page helpful

Author information

Name: Manual Maggio

Birthday: 1998-01-20

Address: 359 Kelvin Stream, Lake Eldonview, MT 33517-1242

Phone: +577037762465

Job: Product Hospitality Supervisor

Hobby: Gardening, Web surfing, Video gaming, Amateur radio, Flag Football, Reading, Table tennis

Introduction: My name is Manual Maggio, I am a thankful, tender, adventurous, delightful, fantastic, proud, graceful person who loves writing and wants to share my knowledge and understanding with you.