In 2019, the Rolex brand was valued at $8 billion, an increase in its value from 2018 when it was $6.4 billion.
This clearly tells you that the Rolex brand is not like other watch brands in the world. The name is universally known, valued, and admired — something people always want to have in their collection.
Rolex watches do more than keep time. Thus, if you are thinking about buying a Rolex watch, you should. Most people believe that collecting Rolex watches now will pay out in the future.
There are several reasons why you should opt to buy a used Rolex. Here are seven of them.
1. A Used Rolex Is Often Cheaper Than a New One
The first and most important reason you may want to invest in a used Rolex watch is that it is often cheaper. This may seem obvious, but most people do not think of it that way.
Brand-new Rolex watches are expensive and may be a daunting experience for some people, especially if you are a first-time buyer. If you are buying a Rolex for the first time, you may not be confident that they're as good as people say they are. But if you buy a second-hand one, it is easier for you to test the watch and decide for yourself.
Do not worry about its value. Compared to other watches, a Rolex will retain its value for a much longer period of time than other watches.
2. Second-Hand Watches Depreciate in Value Much Slower - If At All
One of the biggest wins you get by buying a used Rolex is that the value of a second-hand watch depreciates much slower - if at all.
You should note that a new Rolex depreciates much faster. Even before it has sustained a single scratch, its value is already lower.
However, this may not be the case with a pre-owned watch. You can sell it a month or even one year later at the same price you bought it. Therefore, you take a smaller hit when if decide to sell the watch.
A Rolex watch will serve you without making you feel terrified of selling it because of the amount of money you will ‘lose’ at the sale.
3. There Is a Larger Pool to Choose From
The truth is, when you choose to buy a new Rolex, you will have to deal with the watches that are currently on sale. You may not have the option of buying any model you admire, also because you can't get on Rolex' waiting lists. So by the time you save up the money, the watch your heart was set on may already be gone.
However, with a collection of used Rolex watches, you will be happy to choose from a variety of them, regardless of the year they were on sale. You can even find some of those discontinued collections that are extremely rare, or get previous versions of models that are selling currently. These may be made of different materials and features.
4. It May Even Gain in Value
Investing in a Rolex today has been compared to investing in gold and diamonds. In a few months, you may sell that used Rolex at a higher price than you bought it.
In fact, you’ll benefit more if you have a limited edition model. The discontinuation will immediately make the watch rare. The new models may have new technologies that make the older models collector items.
Therefore, if you are looking for a place to invest money where it will pay out, invest in a used Rolex. The good news is that you can buy a damaged one at a lesser price and pay a small price to have it fixed.
5. They Are Engineered to Last
Unlike most of the other brands, these watches do not have a limited shelf-life. Most people assume that they can save money by going for the cheap brands. These only serve you for one or two years before the materials start falling apart.
Even the used Rolex watches have a one-year (or more) warranty in most shops. That is just how well the Rolex brand makes its watches.
Therefore, you are unlikely to experience any problems with these timepieces for years and even decades.
6. You Can a Peace of Mind When Buying
While you can buy the Rolex watches and have confidence in their longevity, you need to buy from a trusted individual or company.
Today, there are a lot of scrupulous business persons who are out to make a cheap buck. You need to ensure that they do not take advantage of you. Therefore, choose an individual you can trust or a good company to buy from.
Sometimes you may not have the time to go to a Rolex store to buy a watch because it is not always easy purchasing a new Rolex. However, with a used one, all you need to do is log in to a reliable company’s website and make your order — especially if you know what you are looking for.
The best is that it is delivered right to your doorstep without requiring you to make much effort. You also do not need to rush to make your purchase or be moved by the high-pressure sales tactics they use. Less stress and more value for your money!
Conduct Proper Research Before Buying a Used Rolex
You need to be certain about what you need and how it should be delivered to you. You also need to look for a recognized dealer who will give you precisely the model you want.
If you need to buy a used Rolex watch or want more information, contact us today.