Luxury watches are more than just a timepiece. A luxury watch makes a statement. But sometimes, your luxury watch has gotten old, and you want something new. Or you need fast cash and don’t know if it’s better to sell or pawn your luxury watch. Find out where the best place to sell luxury watches is in Sydney, and how to pawn a watch for fast cash.
Whether you want to sell or pawn your watch, you’ll need to be aware of a few things. The following components can impact the price of your watch and what you can get for it:
Certain brands of luxury watches will sell quicker than others. Cartier, Rolex, Patek Philipe, and Audemars are some of the most in-demand luxury watch brands today.
Every part of the watch that moves must be assembled in the manufacturer’s plant. To get a reasonable price for the watch, you don’t want the moving parts assembly to have been outsourced. Some high-end luxury watch brands will even polish and assemble their watches completely by-hand, which, in turn, increases their value.
Luxury watches aren’t worn just to tell time. A luxury watch also serves as a piece of functional jewellery. Watches with a face lined in precious stones and gems will typically be more valuable than those without jewels.
Other components of a luxury watch will impact its value. The date display, time zone display, and calendar all influence the price you can get for your old luxury watches.
If you’re in need of fast cash but don’t want to part with your watch, then pawning the watch might be the best choice. When you pawn a watch, you’re given a loan for the timepiece that you’ll need to pay back within a certain time frame. You can get instant cash but still have a chance to reclaim your watch. If you can repay the loan within the timeframe, you get the watch back. But if not, the pawn shop will keep the watch and sell it themselves. If you default on a pawn loan, though, you won’t hurt your credit, and the loan doesn’t go to collections.
Pawn loans are easy to get. You don’t have to make an appointment, and your credit score doesn’t impact the pawn broker's decision to lend to you. Typically, you’ll only need two forms of ID to secure a pawn loan. Interest rates can vary depending on where you go and the circumstances surrounding the loan.
When you sell your watch outright, though, you’ll get instant cash-in-hand, and you won’t be obligated to repay a loan. The pawn shop will then put your watch up for sale after you leave the store. Selling a luxury watch outright can usually give you more cash than if you were to take out a pawn loan on the item instead.
If you’re wondering where to sell luxury watches in Sydney, Sydney Pawn Shop is one of the best places to get the most for your old luxury watch. We offer some of the highest prices for luxury watches sold, and we also give out some of the lowest interest rates on pawn loans. Stop in today to see what we can do for you.