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. It is universally known, valued and admired, it is something people always want to have in their collection. Their watches do more than keep time thus, if you are thinking about buying a Rolex watch, you should. But, you may benefit more from buying a pre-owned one than buying a brand new one although sometimes the reasons may not be logical, but they will be emotional. Most people believe that collecting Rolex watches now will pay out in the future. Here are seven reasons why you need to buy a used Rolex.
1. A Used Rolex Is Much 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 much cheaper. This may seem obvious, but most people do not think of it that way. The brand new Rolex watches are expensive and may be a daunting experience for some people, especially if you are a first- time buyer. You can pair the Rolex with some high quality silver rings for women.
If you are buying a Rolex for the first time, you may not be confident that they are as good as people say they are. However, 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
One of the biggest wins you get by buying a Rolex is that the value of a second-hand watch depreciates much slower. However, the time take from new to pre-owned, however short will decrease the value of the watch a great deal.
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. You will, therefore, take a smaller hit when you decide to sell the watch. So you can enjoy your cake and keep it.
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. So by the time you save up more money, the watch your heart was set on may already be gone.
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. This is more so if you buy a great model that is made of great material and it gets discontinued. The discontinuation will immediately make the watch rare. The new models may have new technologies that make the older models collector items. So if you are looking for a place to invest money and where it will pay out.
Conclusion
Unlike most of the other brands, the watches do not have a limited shelf-life. Most people assume that they can save money by going for the cheap brands but these will serve you for one or two years, and the materials will 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. So you are unlikely to experience any problems with these timepieces for years and even decades.