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Why It’s Smart To Buy A Used Rolex Watch
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he prospect of buying a used Rolex watch may make some people nervous, but it can actually be a very smart investment. Similar to buying a new car, when you purchase a new Rolex watch it immediately depreciates. That means you can lose 30% or more of the value as soon as you leave the store. In contrast, a pre-owned watch will hold its purchase value. In fact, your watch may end up being worth more than its purchase price in the future, especially if the model you purchased becomes a collector’s item.
Another, more obvious benefit of buying a used Rolex is the money you can save. A pre-owned watch may be as much as half the price of a new watch. If you have a specific dollar amount you’re willing to spend on a watch, buying pre-owned can get you a bigger, better watch for your budget.
Once you’ve decided to buy a used Rolex watch, you need to make sure you protect yourself from fakes. The tried and true methods of verification are the serial number, the model number, the case back ID and the interior movement signature. You also need to ensure that none of the interior parts have been replaced with non-Rolex parts as this will affect the price and resale value. You can look for a used model that comes with its original box and certificate of authenticity as well.
Most of us aren’t experts, so no need to worry if you don’t trust yourself to spot a counterfeit. The next best thing you can do is find a trusted dealer. Make sure the pawnshop or second-hand dealer you’re shopping with is reputable. These places will have trained staff that assess the watches they purchase so you can be assured the Rolex you purchase is genuine. All that’s left for you to do is show off your beautiful new watch.
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