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financing a car for a teenage driver

Do you have a teenager that is about to start driving? Do you really want your teenager driving your car? Having recently bought my car, I knew that there was no way that I was going to trust my 17 year old son to take it out with his buddies. I wanted to find a more affordable option for him. When I found a car that was perfect, I just had to come up with the money to buy it. Then, I had to decide if I wanted to get a car loan and pay for full coverage insurance, or if I wanted a personal loan with higher interest rates. Go to my site to use the charts that helped me decide how to go about financing a car for my son.

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Is It Worth It To Pawn A Diamond Ring?

Pawning a valuable item is always a good way to get cash when you're in a fix and you need money fast. After all, you can always get the item back as soon as you pay back the money. Naturally, there is the question of what you should pawn.

Although pawnshops accept a wide range of items ranging from electronics to paintings, jewelry has proven to be especially popular with pawnshop owners. Jewelry with precious stones, in particular, are always sure to be accepted. However, compared to other items, how do you get the right price for jewelry?

Cash Value of Jewelry

Compared to other items, jewelry tends to fetch a price that is closer to the actual value of the item. You might be surprised by what you consider a low offer from the pawnshop, but at the end of the day, there is no chance that a pawn shop will give you an amount equivalent to the value of the item. If they did that, they wouldn't be able to make a profit.

However, when you pawn a diamond ring, thanks to the consistently high demand for such items, it's likely that the amount you'll get will be fair.

What Determines How Much You Get?

Just because a piece of jewelry has been in your family for generations doesn't mean it has some added value to the pawnshop (unless your family's history is of some historical significance). The pawnshop will look at it from the point of view of what they're likely to get by reselling the item, in case you default on the loan.

Therefore, they'll consider the features of the stone (the 4 C's) and the metal used to make the band. In terms of the metal, they'll only consider the scrap value.

How to Ensure You Get a Good Deal

Most jewelry holds its value quite well over the years. As long as it is well-maintained and has the necessary papers, it's value is unlikely to depreciate in the same way electronics lose value after some time. However, this doesn't mean that some crafty people won't try to low-ball you.

The best way to ensure you get a good deal for your diamond ring is to visit a reputable pawn shop or broker. A store with a jewel expert on-hand will be able to assess the value of the stone better and thus are more likely to offer a fair price. If heading to a pawn shop isn't your style, get more info about loans on diamond jewelry by talking to a professional diamond broker today.