Luxury watches are in short supply and this is driving the growth of the 20 billion dollar market!
Are you thinking about buying a used watch? When buying a used watch, there are a few things that you need to bear in mind before you make your purchase.
You will need to make sure that you are getting a good deal for your money. You must do due diligence to ensure that you are getting a high-quality product.
Here are some things that you need to consider if you want to buy a used watch.
The State of the Watch
Most pre-owned watches will have a few scratches and scrapes, this is normal. Take a close look at the scratches and scrapes and make sure that they can be polished out.
If this is the only fault with the watch, you can buy it at a lower price and then repair it to bring it back to a new condition. If there are larger dents on the watch, then you may be able to get these fixed as well, but keep in mind that this will cost you.
This means that you should ask the seller to reduce the price of the watch as much as possible so that you don’t end up losing money in the process.
If you’re buying a luxury watch, you need to make sure that you not only get the watch in good condition, but that you get the original paperwork and the box for the watch. The paperwork is what will guarantee the authenticity of a high-end watch.
Having all the original paperwork will add value to the watch if you do decide to sell it again one day. Bear in mind though that if you’re looking to find a second hand Rolex watch with all the paperwork and the original box, you will have to pay a bit more.
Another thing you need to take a look at is the service history of the watch. It doesn’t matter if you buy the used watch online or in person. Even if the watch is just a few years old, you should ask about the service history and also see the invoice.
This will give you a better idea of the current condition of the watch.
If there are no service invoices for the watch, then you will probably need to pay for servicing the watch yourself. Calculate the cost of service for the watch, plus the cost of the watch itself, to decide whether or not it is still worth purchasing.
Buy the Best Used Watch
Buying a used watch can be a good decision. However, you need to consider whether you’ll be able to get the original paperwork and box, and you should try to find out the watch’s service history as well.
Once you take all of this into consideration and do due diligence, you have a greater chance of getting an affordable watch and high quality.
If you are looking to buy a pre-owned watch, please do not hesitate to contact a reliable seller. Make sure you check out the rest of our blog for our latest reads.