Should You Buy a New or a Pre-Owned Luxury Watch? Here’s What You Need to Know
“I’m planning to buy a luxury watch from a reputed brand like Rolex, Bulgari, or Cartier, but I’m not sure whether I should get a new one or buy a pre-owned watch.”
If a similar query about buying a luxury watch has brought you here, then you are at the right place. A lot of first-watch buyers mostly ask this question as they are not sure about the value of a new or a pre-owned luxury watch. Don’t worry – I’m here to let you know what the experts think about it and the things you need to know before you buy a pre-owned watch or a new one.
What to consider before buying a new or a pre-owned watch?
Here are some of the major factors that will help you decide whether your next purchase should be a new or a pre-owned luxury watch.
Pricing
This is the most important factor that you should consider while buying a luxury watch. Ideally, you should have a budget for buying a luxury watch of your choice and see if the watch you are interested in fits in your budget or not. In most of the cases, you can buy a pre-owned watch for 20-30% lesser price than a new one. Sometimes, you can get it for half the price as a new watch as well.
Condition of the watch
I always tell my friends that buying a pre-owned watch can be a catch if it is in a good condition. To make sure that the watch is authentic and in a good condition, you can take the assistance of an expert. Besides that, you can buy a pre-owned watch from a reliable seller like WatchGuyNYC to make sure you only get authentic and 100% working luxury watches.
Resale value
Although, buying a pre-owned watch has several advantages, this is where I would recommend getting a new luxury watch instead. If you wish to resale your watch at some point in time, then getting a new watch would be a better idea. This is because reselling a pre-owned watch would go through a significant depreciation value. Though, if it is an antique, then it would get an appreciation value instead.
Warranty, Experience, Accessories, and more
Apart from the above-listed factors, there are a few other things that you need to consider before you buy a pre-owned watch or a new one. For instance, make sure that the watch has a warranty, even if it is pre-owned. Also, consider the overall experience you have got while interacting with the watch dealer. If it is an online store, then look for the feedback of its existing users. Some watch accessories (like straps and stone embellishments) should also be considered while evaluating its value as well.
There you go! Now when you know what to consider before buying a new or a pre-owned luxury watch, you can easily make up your mind. You can consider visiting the official website of WatchGuyNYC to browse an extensive range of both new and pre-owned watches at a great price. Since it is a 100% reputed source to buy a pre-owned watch and brand new ones as well, you can make your next purchase without any worry.
Don’t know whether to buy a pre-owned watch or get a brand new timepiece? Read on and get to know the pros and cons of both the cases to make up your mind.