You have a luxury watch, maybe it is a Rolex, Cartier or a Patek Philippe and you want to raise some extra cash. So can you pawn watches? The answer is yes.
Luxury watches are made up of precious metals, top-notch materials and complications. This enables them to retain their value well with time, and some even appreciate. Thus, getting a loan against luxury watches is easy and hassle-free, especially if it is in good working condition.
Here are a few tips that can help you in getting high cash loan offers when pawning your watch. Take a look!
- Ascertain your watch’s condition
Pawnbrokers take into consideration many factors while evaluating the value of the watch that customers want to pawn. And the condition is one of the significant factors that typically influence the overall value.
Thus, before walking into any pawn shop watches near you, it is essential to establish your watch’s condition. Look over the functionality and ensure if there are any damages. Scratches, blemishes or any significant damages caused to the timepiece can decrease its overall value.
The luxury timepiece that you are willing to pawn should function properly and not have any significant issues.
- Clean your watch
Wipe away any dust or dirt using a paper towel and water. However, keep in mind that cleaning a luxury timepiece is quite a complicated process. Make sure that you are not using any cleaning agents or polishing your watch as it can destroy its look. And this can eventually cause a significant cutback in the final credit amount that your pawnbroker is willing to lend for your timepiece.
- Retain the original box and papers
The original box and papers that came with your watch at the time of purchase will add value, and you are likely to receive the highest possible cash loan against your watch.
The fact is that the original box, documents, warranty card or any tags confirm the authenticity of your watch and thus, add to its overall value.
- Get hold of extra pieces
Did you take out a link from your timepiece for a better fit? Have you stored any extra links of your watch? If yes, look into your drawers to check if you still retain them.
When it comes to getting a loan against watches, the complete set of your asset with the extra links or any other added pieces will help you to get a higher payout.
Where Can I Pawn My Watch?
Getting a loan against a Rolex watch can be easy, but finding out the best place to pawn your watch can be pretty challenging.
For those who are wondering ‘where can I pawn my watch’, get in touch with one of the most trusted pawnbrokers in London at The Luxury Hut.
The Luxury Hut offers a quick and secure way to get a loan against luxury watches online or via appointment. To begin the process –
Fill up our online form and get a free competitive loan quote shortly. Then, send your watch to confirm our final offer. If you accept it, we will pay you instantly via your preferred method of payment.
Alternatively, you can call on 0207 242 5411 and book an appointment at our Hatton Garden office in London. Visit our premises with the timepiece you want to pawn with us. We will appraise it instantly and make you a cash loan offer. Accept it and get paid on the spot.
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