5 Top Tips for Buying a Pre-Owned Rolex Watch

If you’re one amongst that vast pool of people desiring to buy a Rolex, there’s no doubt that you must have spent hours crawling through the internet to find that one perfect Rolex that exemplifies your personality. Did you know that more and more customers have turned to the secondary watch market to find their desirable timepieces over the past couple of years?

Unlike the retail value, the pre-owned watch market trades on the market value. Before you are confused, market value is what the consumers are willing to offer for that particular watch model, even if it’s way above the retail for some popular models. And this is very much true for Rolex, whose demand is exceedingly high!

If you have a Rolex Submariner or a Daytona and ever intend to sell your Rolex in the pre-owned market, you’ll be delighted with your price. 

However, if you’re considering buying a pre-owned Rolex, several potential benefits are associated with it.

Advantages of Buying a Pre-Owned Rolex

1. Price

You can enjoy a valuable or elite Rolex timepiece at a significantly lesser price.

2. Value

If you purchase any popular Rolex models like the GMT Master or the Submariner, the watches will not just hold value but appreciate. A second-hand Rolex will reap double the investment in a few cases.

3. Instantly Available

One of the most prevalent problems of the Rolex watches is their availability as most of the new ones or popular models entertain a long queue. On the contrary, you can easily avail them in the pre-owned market.

4. No product depreciation

The value of a new Rolex depreciates as soon as you purchase it, depending on the model, resale value, etc. But, you can avoid this with a pre-owned Rolex.

5. Multiple Options

You are exposed to limited options when looking to purchase a new Rolex model for a particular budget. But things change when it goes pre-owned. You’ll get a wide variety of Rolex models in the secondary market, including vintage, contemporary, new, and others, for a specified budget.

We all know how Rolex is the most intimidating luxury watch brand. As a result, many fake watches are circulating in the market. Imagine investing your hard-earned money in a pre-owned Rolex, only finding it fake.

Thankfully, you can avoid such circumstances by following the key tips.

5 Top Tips to Keep In Mind While Buying a Second-Hand Rolex

Do your Research

Many fake Rolex watches are available in the market, and you cannot ask and know everything. So, it is most advisable to do your research before stepping out. For instance, if you want to buy an Explorer or Sub, try learning specific details about the watch to evaluate its genuinity. Moreover, ask for the documents that prove its authenticity from the seller.

Price Point

The best thing about Rolex is that you can choose from a wide range of options where each timepiece has a different price. For instance, a Rolex Submariner will have a different price than a Yacht-Master or a Sea-Dweller. So, whatever model you plan to buy, make sure that you study or find out its price beforehand to avoid getting tricked.

Spot the Fake

If you come across a Rolex that looks like one but isn’t, check out the following things to be sure:

• Weight: Weight is a great indication of Rolex’s authenticity as the brand uses only premium quality materials to construct the timepieces. So, a fake Rolex will be lighter in weight as it won’t replicate similar materials.
• Second-Hand Tick: All Rolex movements are effortlessly smooth and, in a word, sound-less. So, if you hear the second-hand ticking, then there’s a high probability it is fake!
• Serial Number: Original Rolex watches have fine detailing, including the serial numbers. However, the serial number on a fake Rolex will appear as cheap as the rest.
• Movement: Rolex’s movement style is a scene to behold, so be sure to see something extraordinary. As most Rolex watches sport mechanical movement, the presence of a quartz one signals danger.

The Seller

The seller is another most important consideration when looking to purchase a pre-owned Rolex. It is good to start finding a reputed seller by checking their years of experience and online reviews. However, it is also essential to keep in mind the legitimacy of the review and how it shows up!

Box & Papers

For some, purchasing a second-hand Rolex without the original box and papers isn’t a big deal as they are often cheaper, and the seller might even present genuine reasons for not retaining them. However, if you’re looking to invest in one for future values, we suggest buying one with the full set (including box & papers) to fetch the highest value when you sell your Rolex.

CONCLUSION

We understand what owning a brand like Rolex means by spending your hard-earned money. And hence, would want you to make the best decision without getting scammed by the fake or counterfeit models.

Buying a pre-owned Rolex is equally valuable as buying a new one (read the advantages above). It will fetch an excellent value when you sell Rolex to reliable watch buyers in London. The demand for Rolex timepieces is increasing steadily. So, look out for the most popular models and invest accordingly to secure the best investment value.