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In an era when banks have become unfriendly to poorer clients and national trust in the savings-and-loan system has diminished, Americans are turning increasingly to their neighborhood pawnshop for quick cash. A Swarthmore College economist who studies international and domestic credit economies recently estimated that ten percent of adults use the country’s 10,000-plus pawnshops.
South Beach high-end pawn broker offering high-end secondhand goods, such as Rolex watches, jewelry, and rare coins, in exchange for easy loans. Some customers simply want to get rid of old handbags and other luxury goods, but others head to Dina for a very different reason. It turns out even billionaires need pawnshops, whether to get cash for their next big investment or to unload Hermes Birkin bags and Patek Philippe watches that have been collecting dust.
South Beach High-End Pawn Broker: What to Expect
Dina’s shop on an upscale, tree-lined shopping block in Beverly Hills is designed to look like a high-end jeweler. Every day, dozens of people shuffle into his showroom, looking at Cartier bracelets and Hermes Birkin bags. But for all the glitz and glamour, Dina is really a pawnbroker to the rich. He caters to celebrities, millionaires and even billionaires, who head to his store for a variety of reasons. Some need to unload excess goods; for others, a billion-dollar lifestyle can quickly outpace their earnings, and there are pricey divorce lawyers to pay.
Unlike typical pawn shops, DD Pawn Loans accepts a variety of items for collateral loans including cars, trucks, tools, motorcycles, collectibles, gold jewelry and even cell phones. They offer competitive rates, flexible terms and house calls for those who are unable to visit their physical location.
