Luxury watches are long lasting, reliable, stylish, and something collectors and other people seek to purchase. There are several brands of watches, like Rolex, IWC, Patek Philippe, Audemars Piguet, Omega, Cartier, Panerai watches, Breitling, and others.
Owning and wearing a luxury timepiece creates confidence and makes a statement of who you are. Knowing you own a watch crafted with superior standards and premium materials, made by one of the Swiss trained watchmakers, or by a company considered a luxury watch brand, is often a lifetime dream.
As special as owning a luxury watch is giving a name brand watch to someone as a gift. It is time for holiday giving. Have you considered giving your special someone a luxury timepiece?
Purchasing a pre owned luxury watch may be the solution to your gift giving this season.
Pre-owned watches are a great way to add to someone’s or your own watch collection, or to give as a gift.
Consider the reaction of your loved one when they open up their gift and discover you gave them one of the top brands from pre-owned watches like Rolex, Patek Philippe, TAG Heuer, Breitling, or Omego.
Sometimes you can come across a luxury watch worth as much as or sometimes even more than their original purchase prices.
Before the purchase, you want to consider the pros and cons of buying pre-owned.
Pros to Pre-Owned Watches
First, pre-owned luxury watches are considerably cheaper than new luxury watches. Some pre-owned watches will cost half the cost of a new model.
Second, sometimes finding a new luxury watch or a new limited edition watch is difficult. Buying pre-owned will open up various available luxury watches. There is a large secondary market for buying and selling watches. There is a large market for used vs. new watches.
Third, pre-owned watch models are popular and stylish. A pre-owned Rolex taken care of and in good condition fits the bill of a dream watch. Watches are difficult to keep in new condition. Just wearing a watch a few times will result in a scratch, which means the value is now dropped. Finding a pre owned watch is easier than finding a new one, and shopping online or at a pawn shop is a great way to discover what is available.
Fourth, luxury watches are durable, and a pre-owned watch has the potential to have many years of keeping time.
Fifth, some pre-owned timepieces are iconic and have intricate complications not found in new watches. Luxury watches don’t diminish in style or the craftsmanship they stand for. Owning and wearing pre owned iconic timepieces will create a feeling of confidence.
Cons to purchasing Pre-Owned Watches
First, some pre-owned luxury watches show scratches or obvious signs of wear. Most pre-owned luxury watches have scratches or small dents. The wear lowers their value and makes them affordable, but may be unappealing to the purchaser. Buying brand new with no blemishes comes at a price.
Second, pre-owned luxury watches may need servicing. A new watch needs very little servicing, because it hasn’t been used. The internal moving parts on a pre owned Rolex or other watch have been used often, and this means the watch may need to be serviced.
Third, pre-owned watches, depending on how they were cared for and how old they are, may be less reliable than a new luxury watch. Since pre owned watches have been worn, they may be less reliable and have accuracy problems. They have the potential to “break down” sooner than a new watch.
Fourth, most of the time, a pre-owned watch no longer has a manufacturer’s warranty. Most luxury watches when purchased new have a warranty. Warranties are important for watches as a protection against defects. Buying pre owned doesn’t guarantee a warranty.
Why is Watch Authentication Important?
The world is full of counterfeit items. There are counterfeit watches, handbags and other items that have found their way into the market. Knowing where you buy your luxury watch from and how they authenticate will help you buy with confidence.
Smart Protection conducted research on buying counterfeit watches and found that 50.36% of buyers who purchased counterfeit watches had done so without realizing it.
Nothing would be more disappointing than buying a luxury watch and believing it was genuine, to only find out it was fake. This would be particularly true if you were giving the watch as a gift.
To avoid buying a counterfeit watch, you need to educate yourself on what is a real and what is a fake watch. Learning the differences between the different watch brands, what materials are used, and how each brand has its own exclusive characteristics will help.
For instant, a genuine luxury watch is not gold plated. Rolex doesn’t use plastic spacers, nor other manufacturers. Educate yourself about who you are purchasing from. Look at Google reviews, the better business bureau, and check licensing. Collectors will post about problems they have, because they are protective of luxury brands and don’t appreciate fakes.
Sellers Should Authenticate Luxury Watches Before They Sell Them
Some collectors find buying online safe and appreciate the efforts made to authenticate watches before the watch goes into inventory. Remember, there are some shady companies.
Ask if the seller offers authenticity certificates to help you reassure you before you purchase a watch.
Pawn shops have a team of experts who will take the time to ensure that each luxury watch they bring into their shop is genuine. Pawn shops sell Patek Philippe, Rolex, Cartier, Omega watch or other name brand watches. They also buy these watches outright or use the watch as collateral for a pawn loan.
If they did a pawn loan using the watch as collateral, it wouldn’t be financially smart to loan a large amount of money on a fake watch. So they make sure what they bring in and sell is authentic.
Idaho Pawn and Gold
Idaho Pawn and Gold has three convenient locations in Nampa, Meridian, and Boise, Idaho. With affordable prices on merchandise and a friendly staff with expertise in gold, silver, find jewelry, designer handbags, luxury watches, tools, vehicles, and more, you will find what you are looking for.
The company has been focused on increasing its luxury services. They buy, sell and trade luxury purses, such as Louis Vuitton and Chanel. You can shop online with live streaming inventory as items are priced.
Did you know Boise city has long had pawn shops providing much-needed pawn shop services for the community? Idaho Pawn and Gold was rated best pawn shop’s in Boise, located just down from Maple Grove on Fairview Ave and Hampton. They are west of Vista Ave Boise ID, and south of State St. Boise ID and Garden City.
Their high end loans can provide you the bridge loans solution you need, without affecting your credit or any long-term requirements. This is helpful whether it is a real estate deal, or funding a vacation while waiting on a funding. If you choose to forfeit the pawn loan, there is no secondary effect.
You can expect very transparent offers with their team. When the time comes to borrow against or sell your fine watch, Idaho Pawn & Gold provides professional services. They offer a transparent offer on all fine watches, such as Audemars Piguet, Patek Philippe, Rolex, Hublot, Vacheron-Constantin, Richard Mille, Breitling, Omega and IWC.
Our experienced watch expert does all inspections and appraisals in the shop in front of you. You get to see what he is seeing during the whole process.
As buyers of Audemars Piguet, Patek Philippe, Rolex, Hublot, Vacheron-Constantin, Richard Mille, IWC and Rolex, the shop stands out by having an expert watch appraiser who has been handling many luxury watch appraisals in our pawn shop.