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what's the difference between a flea market and a pawn shop?

Posted on 2/27/16 at 8:55 am
Posted by oldcharlie8
Baton Rouge
Member since Dec 2012
7803 posts
Posted on 2/27/16 at 8:55 am
(no message)
Posted by TigerDat
Member since Aug 2010
7628 posts
Posted on 2/27/16 at 8:56 am to
A pawn shop will let you put your tools or whatever up ad collateral and loan you money.


Flea markets are like huge garage sales
Posted by Sparkplug#1
Member since May 2013
7352 posts
Posted on 2/27/16 at 8:57 am to
I'm too lazy to explain, and you're too lazy to use google. Have a great day.
Posted by csorre1
Member since Apr 2010
6268 posts
Posted on 2/27/16 at 8:57 am to
Pawnshops offer collateral-based loans -- meaning the loan is secured by something of value. You take in something you own, and if the pawnbroker is interested, he will offer you a loan. The pawnbroker then keeps your item until you repay the loan.
Posted by TheIndulger
Member since Sep 2011
19238 posts
Posted on 2/27/16 at 8:58 am to
have you never been to either?
Posted by Mr Personality
Bangkok
Member since Mar 2014
27364 posts
Posted on 2/27/16 at 8:58 am to
People that go to pawn shops are in denial that they're trashy.

People at flea markets give no fricks.
Posted by LeonPhelps
Member since May 2008
8185 posts
Posted on 2/27/16 at 8:59 am to
Both sell what appears to be junk. The difference is that pawn shops gpcan loan you money if you give them something of value as collateral. If you choose to just keep the money, then they keep the collateral and sell it.
Posted by auggie
Opelika, Alabama
Member since Aug 2013
27698 posts
Posted on 2/27/16 at 9:00 am to
Its Saturday, why don't you go check out a few of both?
You will know more after that.I believe that you need that experience.
Posted by Mars duMorgue
Sunset Dist/SF
Member since Aug 2015
2816 posts
Posted on 2/27/16 at 9:03 am to
What starts out at a flea market ends up in a pawn shop.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 2/27/16 at 9:04 am to
Has anyone mentioned loans yet?
Posted by oldcharlie8
Baton Rouge
Member since Dec 2012
7803 posts
Posted on 2/27/16 at 9:07 am to
quote:

Both sell what appears to be junk.


where do flea markets get their merchandise? is it items that people just drop off when they want to get rid of it or do said people sell it to the flea market?
Posted by LeonPhelps
Member since May 2008
8185 posts
Posted on 2/27/16 at 9:22 am to
quote:

where do flea markets get their merchandise? is it items that people just drop off when they want to get rid of it or do said people sell it to the flea market?



I'm sure there are 100 different ways they source it, such as:

- make it
- steal it
- buy cheaper from other retailers
- buy cheaper from garage sales
- find in the side of the road
- buy wholesale
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 2/27/16 at 9:22 am to
Flea market has a lot of diff vendors. Pawn shop is brick and mortar and never moves
Posted by East Coast Band
Member since Nov 2010
62698 posts
Posted on 2/27/16 at 9:25 am to
Flea market = newer junk. Located in rural redneck havens. Trashy white folks.

Pawn shop = used junk. Licated in more urban settings. More typical black folks.
Posted by Tortious
ATX
Member since Nov 2010
5121 posts
Posted on 2/27/16 at 9:25 am to
Flea markets don't have thier own reality porn genre.
Posted by anc
Member since Nov 2012
17979 posts
Posted on 2/27/16 at 9:27 am to
and

Flea market vendors call it a good day if they make $100.

Pawn shop owners make bank. Lots of money in taking advantage of the poor and stupid these days.

Posted by 7thWardTiger
Richmond, Texas
Member since Nov 2009
24670 posts
Posted on 2/27/16 at 9:31 am to
Some flea markets are legit, at least the 2 in Houston and the one in Memphis. I've gotten some legit deals on car audio and some decals made. One even had a barbershop that was open on Sunday's inside which was good for me back when I was working 6 12's.
Posted by auggie
Opelika, Alabama
Member since Aug 2013
27698 posts
Posted on 2/27/16 at 9:38 am to
I am part owner of a pawn shop,we are not located in an urban area,and we try not to handle junk.
Guns,musical instruments,good tools/equipment and gold jewelry. That's about all we deal with.

We sell some new "low end pistols",because they are good sellers,but we don't like to take any in on pawn. Really, this goes for any low end items.
We try to keep our quality high.
Posted by JJBTiger2012
Louisiana
Member since Jun 2013
1891 posts
Posted on 2/27/16 at 9:44 am to
Most flea markets that I've been to were piles upon piles of junk. Pawn shops on the other hand, is the place to go for nearly brand new guns, tools, sattles. etc. for sometimes excellent prices. I've got 2 out of 16 guns that didn't come from the pawn shop. To answer your question a pawn shop will loan you money that is borrowed against the item that you brought it. It is ofcoirse paid on rediculously high interest and the money you receive is usually 1/3 of what the item is actually worth. If it's not paid in time, the item belong to the lender and is put up for sale. Flea markets are just stores really
Posted by mdomingue
Lafayette, LA
Member since Nov 2010
29856 posts
Posted on 2/27/16 at 9:48 am to
A lot of flea market vendors skirt the following requirement that Pawn Brokers have to meet (as well as second hand dealers).

quote:

All pawnshops and pawnbrokers within the city shall file a daily record with the police department of transactions made in jewelry, clothing, firearms, furniture, auto tires or accessories, and all other merchandise or junk of any kind.

Effective January 1, 2005, all daily records shall be filed electronically to a law enforcement web site designated as an agent of the police department for the sole purpose of collecting such records, or in such other form as may be permitted by the chief of police.


That is from the Shreveport Municipal Code but it similar in almost all jurisdictions.

At one time, many vendors in flea markets rotated in and out so as not to be "continuously" operating a business. Not sure if that has been tightened up. Makes it a lot easier to sell stolen goods if you don't have to meet reporting requirements.
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