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No pawn shops found yet.
What Santa Teresa 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
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 Santa Teresa
- 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
How many Pawn Shops are in Santa Teresa?
We're currently adding Pawn Shops in Santa Teresa. Check back soon or browse nearby cities.
What do Pawn Shops in Santa Teresa accept?
Santa Teresa Pawn Shops typically accept gold and jewelry, electronics, tools, musical instruments, and other valuables. Each shop has different specialties - call ahead for specific items.
What percentage do Pawn Shops pay in Santa Teresa?
Pawn Shops in Santa Teresa typically offer 40-60% of an item's resale value for purchases, or 25-50% for pawn loans. Gold is usually priced at 40-60% of spot price. Get multiple quotes.
How long do I have to repay a pawn loan in New Mexico?
In New Mexico, the redemption period is 30-90 days (per contract); 90 days after debt due before disposal. Interest rates are capped at 10% or $7.50 (whichever greater) first 30 days; 4% per month thereafter. Always ask about extensions.
