- A 1-carat diamond (resale value: $2.5k)
- A 2005 Kawasaki 205R bike ($2k)
- A Louis Vuitton bag ($535)
- A 500GB PlayStation 4 ($175)
They took these things to 4 pawn stores in Houston and asked to trade them set for that loan. HereвЂ™s just exactly what the provides appeared as if:
The offer was $200 at one shop, they were offered a $1.4k loan for the diamond; at another shop just down the road. ThatвЂ™s a 600% variance.
The bike (75% variance), bag (33%), and PS4 (46%) got offers in closer proximity вЂ” but also a positive change of $25 to $100 in loan quantity could suggest globe of huge difference for somebody residing from paycheck to paycheck.
We had been fascinated by this, therefore we made a decision to dig a little much deeper.
View values vary wildly вЂ” specially those regarding the higher-end.