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<p>[QUOTE=&quot;Vess1, post: 795940, member: 13650&quot;]Actually, the guy describes how the process works almost every episode.&nbsp; The loans are the pawns.&nbsp;&nbsp; He says people can either sell the item to the shop outright and walk away, or pawn it.&nbsp; &nbsp; If the customer pawns it, they are paid for the item but the shop is not allowed to sell the item for 60 days.&nbsp;&nbsp; The item is collateral for the money/loan the customer is given.&nbsp;&nbsp; The customer then has the option to come back and buy their item back, plus interest.&nbsp;&nbsp; If they don&#039;t come back for it in time, it becomes the property of the pawn shop.&nbsp;&nbsp; Probably for cheaper than if the customer would have sold it to them.&nbsp; &nbsp; It&#039;s win-win for the pawn shop.&nbsp; &nbsp;&nbsp; It said 20% of customers never come back for their pawned item.</p><p><br /></p><p>&nbsp; I get a kick out of how if they&#039;re only going to make $100 on something, they don&#039;t even want to waste their time.&nbsp; Unbelievable what kind of bankroll must be behind that business.&nbsp;&nbsp; They got a Shelby Cobra body from a guy and restored it for like $80k.&nbsp; Just a little side project.&nbsp; &nbsp; Somebody&#039;s made a lot of money there over the years.&nbsp;&nbsp; I just can&#039;t believe they find so many buyers.[/QUOTE]</p><p><br /></p>

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