Pawn Shops Farmington

Farmington has a few pawn shops that can help with quick cash or buying discounted items. Gold, electronics, and tools are commonly pawned or sold here.

We're still building our directory for Farmington, NM. Check back soon for local pawn shops.

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What Farmington Pawn Shops Accept

  • Gold jewelry & watches
  • Electronics (phones, laptops, tablets)
  • Power tools (DeWalt, Milwaukee, Makita)
  • Gaming consoles (PS5, Xbox, Nintendo)
  • Musical instruments
  • Firearms (where permitted)
  • Designer items

Acceptance varies by shop. Call ahead for specialty items or large quantities.

New Mexico Pawn Shop Regulations

Interest Rate10% or $7.50 (whichever greater) first 30 days; 4% per month thereafter
Redemption Period30-90 days (per contract); 90 days after debt due before disposal
Regulated ByLocal government; Financial Institutions Division (Regulation and Licensing Dept.)

New Mexico limits pawn loans to $2,000 maximum principal. Insurance charges on pawn transactions prohibited. Surplus from sales must be returned to pledgors (90 days to claim if under $100, 12 months if over). $5,000 surety bond required.

Tips for Visiting Pawn Shops in Farmington

  • 1.Get quotes from multiple shops before deciding
  • 2.Know your item's value - check eBay sold listings first
  • 3.Bring valid government-issued ID (required by law)
  • 4.Ask about interest rates and total repayment amount upfront
  • 5.Keep your pawn ticket in a safe place
  • 6.Ask about the redemption period and any grace periods
  • 7.Ask if they report to credit bureaus (most don't)

Frequently Asked Questions

What can I pawn in Farmington?

Common items include gold jewelry, electronics, and tools.

Which pawn shops in Farmington are well-reviewed?

Check our listings above.

How much can I get for gold?

Offers vary by weight, purity, and current prices. Pawn shops typically pay below spot value - get multiple quotes to compare.

What ID do I need?

Valid government-issued photo ID (driver's license, passport, or state ID).

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