Pawn Shops Lake Elsinore

Lake Elsinore has a few pawn shops ready to help with quick cash or buying used goods. Jewelry, electronics, and tools are some of the most common items people bring in.

Lake Elsinore, CA has 1 pawn shops in our directory. Top-rated options include Elsinore Pawn Inc..

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Elsinore Pawn Inc.

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16655 Lakeshore Dr, Lake Elsinore, CA 92530, United States

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4.8(455)

What Lake Elsinore 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.

California Pawn Shop Regulations

Interest Rate3% per month on unpaid principal (plus $3/month minimum charge)
Redemption Period4 months + 10-day grace period after notification
Regulated ByCalifornia Department of Justice, Secondhand Dealer and Pawnbroker Unit

California has among the most regulated pawn industries in the US. Interest is capped at 3% per month under Financial Code Section 21200. Pawnbrokers must obtain licenses through local law enforcement and maintain $100,000 in liquid assets or equivalent surety bond.

Tips for Visiting Pawn Shops in Lake Elsinore

  • 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 Lake Elsinore?

Common items include gold jewelry, electronics, and power tools.

Which pawn shops in Lake Elsinore are well-reviewed?

Check out Elsinore Pawn Inc. for a reliable option.

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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