Your luxury watch can worth an incredible sum of money. It may have a specific style, design or rarity that is typically not available in the watch market.
If it is so, the watch must have also appreciated. Thus, if you are short of cash, you can decide to unlock the value of your pre-owned watch, securing a loan against it.
Many trusted pawnbrokers in London or any other big cities offer a secure and hassle-free way to get a loan against watches and raise instant cash.
Luxury watches from elite brands like Rolex, Cartier and Omega hold their value well with time. Some models indeed may appreciate.
However, many factors, including the watch’s condition and brand can significantly influence its worth and eventually, the final credit loan amount that your pawnbroker will be willing to lend.
Thus, here are a few essential things that you can look for before deciding on a particular pawnbroker to pawn your watch. Have a look!
➤ The authenticity of your watch
The foremost essential aspect of the process is to verify the authenticity of your watch, especially if you have received it as a gift.
Keep in mind that the market of counterfeit watches is booming today.
Thousands of people typically search over the internet every hour or so how to verify the authenticity of a Rolex watch, an Omega, Carrier and watches of other famous watch brands.
However, the original box and papers of your luxury watch will ideally play the most significant role in verifying its authenticity.
Thus, should you decide to pawn your watch online or via appointment, bring along or send the original box, papers and any other relevant documents (if any)
They will not only help in making the authentication process smoother but also may add to the overall value of your watch.
However, sometimes owners unwittingly misplace or lose the original box and papers. Regardless, you can still pawn your watch with confidence.
If you want to pawn a watch and unsure about its authenticity, professional pawnbrokers in London at The Luxury Hut can help you in the process and also make a competitive cash loan offer.
➤ Manufacturer of your watch
Luxury watches from prestigious manufacturers like Rolex, Patek Philippe and Cartier typically command a higher value. They have become the symbols of luxury, success, and class.
Moreover, if your watch is a rare, special-edition or discontinued model, it is likely to increase in value more.
Professional pawnbrokers also consider the brand’s prestige and reputation when evaluating a watch’s real value.
However, The Luxury Hut London pawnbrokers continually monitor the changing market condition. We know how a specific brand is performing and whose demand is higher.
Thus, we determine a fair and accurate price of any luxury watches customers want to pawn, considering both the historical and monetary significance of the watch.
➤ Condition
Before heading out to pawn your watch with any trusted pawnbrokers near you or in London, make sure to ascertain its wear and tear.
The condition of your watch will influence its overall value.
Scratches, blemishes or any other significant damages can cause a considerable cutback in its value. It will eventually depreciate the amount of cash loan you are likely to secure against your timepiece.
On the contrary, you may receive a premium when pawning your old luxury watch if it is in excellent working condition.
Thus, it is always essential to take care and store your watch properly when taken off the wrists.
➤ Age
Second hand watches belonging to a brand’s contemporary collection are likely to command higher prices. However, a vintage watch, especially with some exclusive features, can also worth more than a new timepiece.
With that said, the demand for brand-new timepieces is also high, mainly if they have not been used or worn ever.
So, find out how much is your watch worth.
However, whether you are looking to pawn a Rolex watch or get a loan against watches of any other brands, The Luxury Hut pawnbrokers London can make you a competitive cash loan offer.
We, aim to beat any high-street pawnbroking loan rate.
Fill up our online form now for a free valuation. Or call on 0791 747 2203 to book an appointment and visit our office in Hatton Garden, London with your watch.
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