Pawn My Watch, London

The short answer to this question is: it depends! Usually, the value of a watch is determined by a range of factors, which can vary over time. The re-sale or lending value of your watch doesn’t always reflect the price which was paid for it. To assess the value of your watch, we will consider variables such as: – The current demand there is for your particular make or model: watch trends change over time, so a valuer will consider whether your watch is likely to sell. – The market value: this can be determined from the valuer’s professional knowledge, the value that similar watches have fetched at auction, and standard valuation data. – The condition of your watch: obviously a watch that is in immaculate condition has a higher value than one which isn’t working, or has a degree of cosmetic damage. – If you are considering taking out a loan against your watch, the valuer will also take into account how likely it is that you will pay off the loan and retrieve your watch. The higher the valuer feels the chances are of this happening, the more likely it is that you will receive a higher offer.

A reliable method of obtaining fast cash when you need it most, financing your watch with the right London pawn shop can really work in your favour. Obviously being confident of receiving the very best price possible is important. Follow these simple tips to make sure you optimize the value your watch can command: – Make sure that it’s in good working order. Even if it costs money initially for watch repairs, a watch that works dependably is going to command a higher price than a non-functional model, even allowing for the cost of the repairs. – Consider repair or restoration work on any cosmetic damage. Over time, almost every watch can begin to show signs of wear. In many cases, these effects can be minimized or even completely eradicated with sensitive restoration work. If you are considering this step, caution is advised! Watches may actually lose value if they are restored: buyers may prefer an older watch in original condition, even if it has some scratches or other defects. – Clean your watch before requesting a valuation. A dull or tarnished watch is unlikely to attract the same value as one in pristine condition. Taking a small amount of time to clean your watch, or arranging for it to be professionally cleaned, can mean that it fetches a higher price. – Make sure that any accessories and the box (if you have it) are also included. Particularly when it comes to re-sale, a watch that still has the original box and any related accessories will have a greater value than one without these extras.

Provided you pick the right pawnbroker, pawning your watches in London can be a fast, simple and convenient process. In the first instance, take the time to pick a pawn shop for watches in London that has the necessary expertise and experience to appreciate your timepiece and value it correctly. If you own a high-end watch (for example, a Rolex, Hublot, Omega or Roger Dubuis), it’s important to find an equally premium pawnshop with whom to discuss your proposed transaction. Using a high-class pawnbroker with the specialist knowledge needed to give you an accurate, transparent variation not only means you’re more likely to realize the value your watch commands, but you can also be confident that you’re dealing with a professional company that has integrity and honesty. We are authorised and regulated by the Financial Conduct Authority (FCA)

When considering loans on watches London valuers will make an assessment of your watch’s condition. The assessment covers three key areas: appearance (or aesthetics); function; and water resistance. – Appearance: each material that the watch is made of will have different qualities which are measured to determine condition. For example, a sapphire lens will be minutely examined for chips or tiny nicks, whilst those featuring thermoplastic crystal lenses will be inspected for scratches. Water damage, corrosion, fading, discoloration or missing parts will also be noted. – Function: to be in good functional condition, a watch needs to do far more than simply “go”! They will need to be accurate, smooth, and dependable. – Water resistance: valuers have access to special dry testing equipment which can analyse the water resistance of a watch. Water resistance contributes towards the overall value of the watch.

Are you searching for a loan on your watch? To get an accurate valuation, it’s important that a valuer is able to inspect your watch in person in order to assess its condition. As a pawnshop for watches Londoners can depend on, we welcome online enquiries from prospective clients. Once we have received your message, we are pleased to offer an initial assessment. To continue the valuation, you will need to drop the watch at our premises, where we will conduct a full valuation in order to give you a fair, accurate price. This process is the quickest and easiest way if you are wondering how to pawn my watch online and receive a fair price.

Not necessarily! Clients who are able to present the original box and papers are likely to find that their valuation (and therefore potentially their borrowing transaction) is completed more swiftly, but this does not mean that papers and/or a box are necessary to proceed. We are usually able to verify the authenticity of your watch through cross-matching existing records: our expert team are trained and experienced in identifying the provenance of the watches we value, as well as able to accurately identify fake watches. An original box can add value but isn’t essential.

If you are eager to access instant loans on watches, it’s possible to obtain the money you need rapidly when you use our valuing and pawnbroking service. Provided that you are happy with the assessment and comfortable with the price that we are offering you for your watch, we are usually able to complete the transaction and transfer the relevant funds to your bank account on the same working day (subject to banking hours). It should be noted that whilst we are normally able to value watches on our premises within a relatively short space of time, there may be occasions when we require an additional opinion from an outside expert. We will, of course, keep you fully informed, but the necessity for further expertise on a valuation will almost inevitably lengthen the time taken to complete the process.

In the first instance, clients agree a seven-month time frame as part of the transaction. Should the interest be paid by the end of the initial seven-month period, clients are usually able to defer repayment of the original sum for a further seven months. Again, provided the interest on the loan is paid back on time, clients will usually be able to defer again. Deferment may be repeated several times in some circumstances: your broker will be happy to discuss your individual circumstances when you want to pawn your used watch for a protracted period.

As a high-end pawnbroker that specializes in exclusive brands and luxury names, we usually only accept watches from prestigious manufacturers. Besides Rolex, this list might include names such as Patek Philippe; Rolex; Vacheron Constantin; A Lange Sohne; Breguet; Audemars Piguet; IWC; Hubolt; and Cartier. Note that this list is not exclusive. We are willing to consider less well-known, niche watch manufacturers, as well as watches that were specifically commissioned as one-off timepieces for a particular individual or occasion. If you’re not sure whether your watch is one which we might be able to offer you a loan against, please get in touch and we will be happy to advise on a case-by-case basis.

The interest rate varies depending on the individual transaction. Clients can normally expect to pay 5% interest fees, no hidden fees and auction based estimations. In order to get an idea of how that would translate into monetary terms, a loan of £12,000, repayable in seven months with an APR of 60%, will cost you £2516.86 in interest (total amount repayable: £14,516.86). All our charges and repayment rates are clearly displayed on our website and will be explained to you before you proceed with your transaction. As an FCA registered pawnbroker, we operate in a transparent, honest manner when it comes to securing loans against watches London people can trust. An established company with a long history of assisting clients who require a short-term cash injection, we are proud to provide discreet, fast access to funds when required. If you are unclear on any aspect of our charges, interest rates or other financial terms, please get in touch as we will be delighted to assist.