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Boat Pawning 101

Are you looking for fast cash? One of the best ways to get access to money without having to apply for a loan and wait for the bank to respond is to pawn something that you own. If you need a good amount of money and own a boat, you’ll be happy to know that you can often get a lot of money by pawning it at a local Denver auto pawn shop.

Here’s what you need to know about boat pawning to ensure you get the best deal for your watercraft.

What Is Pawning?

In simplest terms, pawning is a cash loan that is borrowed against the item that you pawn. In the instance of a boat pawn, your boat will be used as collateral against the loan. When pawning a boat, the pawn shop will place the item in storage and will retain ownership of it until the pawn loan is paid off entirely. Once you pay the loan back, your boat can be put back into your possession, or you could sell it for cold hard cash.

A pawn loan is similar to a traditional loan in that you have to make payments on a set payment schedule. The loan comes with a set interest rate, along with a set term that the loan must be paid off by. In the event that you need more time, most pawn shops allow you to extend the loan.

It’s important to pay the loan off in time; otherwise, the pawn shop can maintain possession of your boat. Pawning is beneficial in that you can often get the cash you need the same day. Unlike traditional loans, a pawn loan doesn’t impact your credit, and your credit history has little to no impact on whether or not the loan is approved.

Preparing Your Boat Before Pawning It

Once you've decided that you want to pawn your boat to get your hands on much-needed money, there are several steps you'll need to take to get everything in order.

Pay in Full & Locate the Title

Before taking your boat to an auto pawn Colorado shop, the first thing you'll want to do is to ensure the boat is paid for entirely. You cannot pawn an item if you still have an unpaid loan on it. If you owe a few thousand dollars on the boat and cannot pay it off in the near future, you may want to consider pawning another item or selling the boat instead.

Once the boat is paid off, or if it’s paid off already, you’ll need to locate the title. A pawn shop won’t allow you to pawn the boat if the proper title isn’t provided or if the title isn’t in your name.

Check the Condition of Your Boat

The next step is to ensure your boat is in good running order. The nicer your boat looks and runs, the more money you can get for it. Start with the exterior of the boat. Look for any cracks in localized areas, especially above and below the waterline. If you find large cracks, there may be an underlying issue with the boat.

You'll also want to take a close look at the floor, hull, and transom to check for:

  • Molded, mildewed, or warped wooden areas
  • Moisture in fiberglass
  • Cracking in flexible parts

It's also important to check the condition and sturdiness of the seats, along with any electrical items, such as the bilge pumps, bulbs, and wiring.

If you notice any of these problems, you’ll want to fix them if possible. Of course, don’t spend hundreds of dollars repairing the boat if you don’t think you’ll get that back when you go in for your pawn loan.

Do Your Homework

It helps to know how much you can expect to get for your boat before heading to a local Denver auto pawn shop. Take the time to do your homework and figure out how much your boat is worth so that you know what you can expect to get from a pawn dealer. You can use sites like Kelley Blue Book or Boat Trader to determine how much your personal watercraft is worth.

Keep in mind that a pawn dealer won't give you top dollar, but you should at least have a ballpark figure in mind to ensure that you aren't getting lowballed.

It’s also important to research local pawn shops in your area. You want to find a reputable pawn shop that will work with you to give you the money you need. The wrong pawn shop will rip you off and won’t give you the money that you deserve for your boat.

Know How to Negotiate

Just as you’d haggle at a car dealership, there’s no shame in negotiating a price when pawning your boat. It’s important that you don’t walk into the pawn shop and tell the broker how much you paid for your boat or what it’s worth. This can impact the amount of money that the broker offers you in the end.

Instead, let the pawnbroker make the first offer. From there, you can determine if the offer fits within the ballpark range that you’re looking for. By being willing to negotiate, you can ensure that you get the money you need for your boat.

If the pawnbroker isn’t willing to budge in his or her offer, try pawing your boat at a different location. Otherwise, you risk falling short of the money you need.


Don’t waste your time trying to sell your boat. If you need cash and need it quickly, your best bet is to pawn your boat for same-day cash. Instead of searching all around town for a pawn shop that will give you the best deal possible, make your search easy by going to Massa Auto Pawn and Sales.

Our Denver auto pawn shop specializes in both boat and auto pawn services. We will work with you to give you the best deal possible for your boat, ensuring you get the cash you need.

Don't go another day stressing over how you're going to get the money you need. Instead, contact our shop at (713) 481-5767 for a quote. You can also contact us online at our website. We look forward to working with you!