In 2020, the Rolex brand was valued at $7.9 billion, an increase in its value from 2018 when it was $6.4 billion.
The name is universally known, valued, and admired. A Rolex is something people always want to have in their collection. Rolex watches do more than keep the time; they're also a status symbol. 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 five of them.
1. A Used Rolex Can Sometimes Be Cheaper Than a New One
Although this may seem obvious, the first and most important reason you may want to invest in a used Rolex watch is that they can be cheaper than a new one, depending on the model you choose.
Brand new Rolex watches are expensive and, unfortunately, often have a long waiting time associated with them. Buying a pre-owned Rolex dodges both of these bullets, as the watch is in-stock and, if you choose carefully, can be cheaper. Certain Datejusts can lose value, but if they aren't to your style, then you'll be surprised to know that gold models such as the Day-Date and the solid gold Submariner also tend to cost less on the pre-owned market despite their material value.
2. 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 at.
You'll also benefit more if you have a limited edition model. The discontinuation will immediately make the watch rare. Older models also tend to earn a cult status thanks to their reference number, think the 14060 Submariner or the 18238 Day-Date.
Therefore, if you are looking for a place to invest money where it will pay out, consider investing in a used Rolex.
3. There Is a Larger Pool to Choose From
The truth is, when you choose to buy a new Rolex, you are limited to what Rolex is currently making. While that might seem obvious, it's worth considering that if you've fallen in love with a particular colour on a past model, you may not be able to get a brand new watch in that configuration.
However, when buying pre-owned, you're open to a world of possibilities. You could end up with a pre-owned Rolex with a signed dial or a particular dial colour that may not be on offer anymore, and all of these watches will already have a past that you're adding to with your ownership.
4. They Are Engineered to Last
The Rolex name has always stood for a higher standard of quality. Rolex watches don't have a limited lifespan, and we like to think that if anyone ever mentioned "planned obsolescence" in a Rolex meeting, they'd be fired on the spot.
Pre-owned Rolex watches are no different; they've been designed to keep ticking through it all and have an actual history of doing so. Better yet, we're able to offer you a warranty on your pre-owned Rolex when buying from us.
Have you ever gone to Currys and asked for a new big-screen TV, only to be told you have to wait for over a year before you can get one? How rubbish would that be? While some don't mind the idea of waiting for a brand new Rolex that's theirs, we can bet that most wouldn't even think about going on a waiting list. That's where pre-owned watches come in. You can have whatever you like when you like. It could even be a watch that's less than a year old!
Even better still is that it's delivered right to your doorstep with no high-pressure sales tactics as you'd find in an authorised retailer. Less stress and more value for your money, we'd consider that a win-win!
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. It would be best if you also looked for a recognised dealer who has a long history of excellent service.
If you want to buy a used Rolex watch or would like more information, contact us today.