iPhone 15 Pro for a loan or a buy: Here's what you need to know

When considering pawning an iPhone 15 Pro, several factors will influence the loan amount you can receive. Here's a breakdown of what you need to know:

Iphone Loans @A&F Pawn

1. Phone Condition:

• Excellent Condition: Phones in pristine condition without any scratches, dents, or software issues are valued higher.

• Good Condition: Minor cosmetic wear and tear can slightly decrease the value.

• Functional Issues: Any hardware or software problems will significantly reduce the loan amount.

1. Phone Status:

• Unlocked vs. Locked: Unlocked phones typically fetch a higher price as they can be used with any carrier.

• Reported Lost or Stolen: Phones reported as lost or stolen are not accepted by most pawn shops.

1. Market Value:

• The iPhone 15 Pro, being a recent model, has a high market value, typically over $1,000. However, pawn shops often offer loans at a percentage of this value, usually between 30% to 50%.

1. Accessories and Original Packaging:

• Including original accessories and packaging can increase the loan amount offered.

1. Demand and Store Policies:

• Some pawn shops may have specific policies regarding electronics, with some not accepting iPhones at all.

Given these factors, a pawn loan for an iPhone 15 Pro could range between $300 and $500, assuming the phone is in excellent condition and unlocked. However, the exact amount can only be determined after a physical inspection of the phone.

Photo by Howard Bouchevereau on Unsplash