I just wanted to get some opinions/feedback for a friend of mine who is considering this "venture".
Alot of us here on az including myself have had things happen in our lives where we were forced to sell our precious cues to raise some fast cash.
After its all said and done and your in a better spot financially your saying to yourself i wish i never sold that cue or maybe i can buy it back from the guy i sold it to?
So here my buddy has the cue pawn idea.
Every transaction would be by a contract that will eventually be drawn up and would go something like this.
Obviously top $ would not be given to those interested because people would just dump cues they have been trying to sell with no intention of getting them back.
Lets use southwest cues as an example.
On the average low end $2200-$4000+ depending on the cue for a southwest cue in todays market.
So you have a southwest cue that you can sell for $3200 but need cash asap. Would a $2500 loan quick be out of the question with a few stipulations?
1) ship cue for inspection
if everything checks out (cue condition)
2) both parties sign contract and cash is wired/sent.
3) person pawning the cue has 9 months to pay back the loan + 5%. No required monthly payments but the flexibility to pay what you can when you can. (im told receipts will be given)
so with this scenario of a $2500 loan the person who pawned the cue has to pay back $2625 + return shipping . Obviously if 9 months pass and the loan isnt paid in full the cue would be kept and eventually be sold.
So lets hear some opinions. Pros - cons?
Not even sure if this has been tried before but its quite possible this could be an option for people in the future.
***note*** i have nothing to do with this idea. I am posting for an older gentleman in my area who has been around the game for 30+ years and just wanted some feedback whether its good or bad.
Alot of us here on az including myself have had things happen in our lives where we were forced to sell our precious cues to raise some fast cash.
After its all said and done and your in a better spot financially your saying to yourself i wish i never sold that cue or maybe i can buy it back from the guy i sold it to?
So here my buddy has the cue pawn idea.
Every transaction would be by a contract that will eventually be drawn up and would go something like this.
Obviously top $ would not be given to those interested because people would just dump cues they have been trying to sell with no intention of getting them back.
Lets use southwest cues as an example.
On the average low end $2200-$4000+ depending on the cue for a southwest cue in todays market.
So you have a southwest cue that you can sell for $3200 but need cash asap. Would a $2500 loan quick be out of the question with a few stipulations?
1) ship cue for inspection
if everything checks out (cue condition)
2) both parties sign contract and cash is wired/sent.
3) person pawning the cue has 9 months to pay back the loan + 5%. No required monthly payments but the flexibility to pay what you can when you can. (im told receipts will be given)
so with this scenario of a $2500 loan the person who pawned the cue has to pay back $2625 + return shipping . Obviously if 9 months pass and the loan isnt paid in full the cue would be kept and eventually be sold.
So lets hear some opinions. Pros - cons?
Not even sure if this has been tried before but its quite possible this could be an option for people in the future.
***note*** i have nothing to do with this idea. I am posting for an older gentleman in my area who has been around the game for 30+ years and just wanted some feedback whether its good or bad.