Superior Exchange in New Haven is a High Paying Buyer and Pawnbroker specialist who are among the top Jewelry Buyers, Precious Metal Buyers, Electronics Buyers, Gold Buyers, Art Buyers and Antique Buyers in Connecticut. Aside from buying, selling and loaning on anything of value. We strive to be a pawnbroker and loan specialists you can trust, where instant payment is always available with as many short term collateral loan options as possible.
Our superior customer service is unmatched in the industry because we believe in building a relationship with you 1st. We are experts in the pawnbroker and Precious Metal Buying industries, always giving you the highest payment for your gold, silver, platinum, coins, bullion, diamonds, jewelry, watches, electronics, art, antiques, tools, ATV’s, boats, motorcycles, and heavy industrial machinery. If your looking for a great deal on a variety of merchandise or need a short term cash loan visit Superior Exchange.
At our New Haven store, we pride ourselves on the fact that we offer exceptional customer service and most people feel they’re walking into a community loan center rather than a typical pawn shop, pawnbroker or collateral loan center. We generally pay far more, for gold and silver jewelry, than our competitors and have a wider variety of gently used, unique and inexpensive items for sale.
Our store and loan centers are clean, organized and above all welcoming to folks from all walks of life. Whether you need instant cash for a bill, or it’s just a rough month, Superior Exchange and collateral loan centers are here to help. We will offer you a hassle free loan with unbelievable customer service and you will walk out with instant payment. NO LIMITS!!!!!
What is a Pawn Shop?
The basic premise of Superior Exchange is simple. The fact is pawnbrokers existed long before banking institutions became an everyday part of our society. The pawnbroker has a license to loan money to consumers, just like the banker does. But the pawn shop is unique because the consumer is able to obtain a loan by simply leaving collateral (merchandise of some value) with the pawn broker for the amount of time that he/she needs use of the money (the loan). This is usually 30 days with a 60 day term. If the customer repays the loan within the allowable time frame, the collateral (merchandise) is returned to the customer.
If the customer defaults on the loan (does not pay the money back), at the end of the specified time frame, the pawnbroker then keeps the collateral — and the customers owe nothing. The pawnbroker may then sell the merchandise (former collateral) to recover the loaned amount.
Unlike other financial institutions, leaving collateral with the pawnbroker acts as the sole condition of the loan. The customer does not need to qualify for the loan by having good credit, a bank account, produce a current pay stub or provide any kind of references. All the customer needs to do is provide acceptable identification and collateral (merchandise of value) to the pawnbroker as protection against default on the loan.
Most states including Connecticut regulate the pawn industry quite closely. These regulations protect both the customer and the pawnbroker. At Superior Exchange, we support the pawn laws in the states in which we do business, and we will always remain in compliance.
Aside from being Top Jewelry and Precious Metal Buying specialists we pride ourselves on being educated in all forms of the Pawnbroker industry as well as all collateral items that flow through our stores. All Pawn and loan transactions whether it be buying, selling or acquiring a loan must take place at one of our centers, however we will come to you in certain instances to see and evaluate items of collateral. For example, if you have multiple items you neeed a loan on or an art collection your nervous about moving. This is based on a case by case basis so please contact Superior Exchange for availability or set up an appointment. Come in or call us TODAY! Thanks for visiting our website!