Rolex makes about 800,000 to 1 million watches per year. You might think that it’s a small number given that the establishment has been running for some time now.
However, craftsmen assemble each movement on the watch by hand. All Rolex watches are handmade to ensure each piece meets the quality standards the brand promises its customers.
If you are considering buying a Rolex watch, it’s wise to take some time to go through your options. A hand-crafted piece never goes out of style.
Thus, you won’t forego much if you buy a pre-owned Rolex watch. This article will highlight the benefits of buying a used Rolex watch.
1. Cheaper Price
Outsourcing for a Rolex watch will have you spending a significant amount whether you opt for a new or a used one.
A used Rolex goes at a much lower price than new models. Depreciation on the new item once it leaves the store causes much of the price drop.
If you desire to own a certain piece that has been in the market for a while you can always buy a used watch. Chances are the owner will have kept it in top-notch condition.
You get to have it at a much get it at a cheaper price. Avoid the cost of depreciation by buying preowned watches. You can look for retailers who deal with old watches.
2. Condition of the Watch
The condition of the watch might make it a more valuable timepiece than a new one. You can determine its value by looking at its aesthetics and functionality.
A watch dealer will help you price an old watch by evaluating these factors. Look for signs of age like patina and ghost bezels when purchasing used watches.
The signages will give the timepiece a vintage appeal and boost its value. Yet, don’t focus much on the glitter that you forget to appraise the piece.
Always appraise a timepiece including its paper and original packaging before buying it.
3. The Best Value for Your Money
When you buy a preowned watch, you get the most value out of your dollar. You can have the most expensive watches at a fair price.
It’ll have the same quality as a brand new one. Some even have a higher value than the new pieces because of their sentimental value.
Besides, it’s hard for someone to notice that you are wearing a used watch. Rolex watches are with top steel to ensure durability. Thus, a used Rolex will still have the shine of a new watch.
4. Increase in Significance
An older jewelry piece will always have a higher significance value than a new one. You can increase the appreciation value of a timepiece by buying a pre-owned watch.
Some people buy watches that were once used by royalty or notable figures. Such pieces have a higher resale value.
Further, you can pass it down as a family heirloom. It’ll have a higher value in later generations.
5. Buy Authentic Pieces
When you purchase a used Rolex watch, you are more likely to get a genuine timepiece. Con artists focus on making imitations of new pieces because that is what most buyers are looking for.
You can always outsource a retailer to check the authenticity of the components. Rolex aims at providing the best quality. Thus, all their watches contain components only made by the brand.
Most buyers tend to confuse the circa correctness of a watch with its authenticity. Yet, these two are not the same quality. An original Rolex can also fail to be circa correct.
Before you purchase a used Rolex, ensure to check for any part replacements from other sources. It can lower the resale value of the watch.
You can notice an imitation because they have custom additions by other brands. It’s easier to identify in ladies watches because they have more intricate designs.
6. Wide Range of Options
The used Rolex market is unlike any other second-hand market. It has a wide range of options from which you can choose.
In these markets, you’ll find elegantly designed pieces made ages ago. Wearing such unique pieces makes you look more sophisticated than even the person wearing a brand-new timepiece.
The most sought-after pieces have a waiting list of buyers. Therefore, it’s wise to know whether the piece you want to buy has a waiting list and how you can enroll on one.
7. More Valuable to Collectors
The reference number and the model contribute to the rarity of the watch. It increases when the piece has a rare dial or a factory defect.
Jewelry collectors are always hunting for rare pieces. The rarer a timepiece is the more valuable it will be to collectors.
Therefore, you can purpose to look for defects when looking for a used Rolex for sale. Collectors have no value for new pieces because anyone can buy them.
8. Get the Right Package
The majority of used Rolex watches come without the original packaging. The case doesn’t mean much to many. Yet, used timepieces that come in their original case have a much higher value.
This implies that the previous owner took good care of the watch. Therefore, when you buy a used Rolex, you must take care of the box and paper that come with it. It’ll help you sell it at a much higher price at a later date.
Buying a Pre-Owned Rolex Watch
Nothing can replace the feel of a new watch. However, buying a pre-owned Rolex watch has more benefits.
Besides, there are higher chances of getting a unique design when you buy a used watch. You can even buy a piece whose previous owner was a celebrity, royalty, or a notable figure.
Such watches are worth more to collectors and other clients. So, you don’t have to worry about the resale value when buying used watches.
Get the most value for your money by looking for a used Rolex for sale today. Check out more articles on luxury watches on this website.