Do you have an old luxury watch in collecting dust in a drawer somewhere? You can easily pawn a watch or sell it with a pawnbroker in Melbourne. Luxury watches are like other forms of desirable jewellery in that they tend to hold a lot of their value. If you’ve got an old Rolex or Audemars watch you don’t wear anymore, then consider selling or pawning your watch with us. Here’s what you need to know about pawning or how to sell luxury watches in Melbourne.
Why should you pawn a luxury watch?
You might want to upgrade your luxury watch to something new, or perhaps you’ve recently hit a bit of a financial snag. No one is immune to money problems, even those who could, at one point, afford a luxury watch. Business could be slow, and you need to make payroll, or you need to invest in new marketing efforts to increase commission cheques. Either way, a pawn loan can give you fast cash that won’t impact your credit. Bank loans can take a while to get approved, which might not be a feasible option for you. Selling an item yourself can be time-consuming, too, and comes with other risks. If you don’t want to permanently part with your luxury watch, getting a pawn loan maybe your best option. Why?
How do pawn loans for luxury watches work?
If your watch was assembled in-house and has other favourable features like time zone display or gems around the face, you can get a lot of money when you pawn or sell a luxury watch. With a pawn loan, a pawnbroker will assess the value of your watch and offer you a price for cash on the spot. A time limit for the loan will be set, along with an interest rate. You’ll leave the pawnbroker that day with cash-in-hand and time to repay the loan so you can get the watch back
What happens if you don’t repay the pawn loan? Well, you forfeit the watch. But you don’t have any marks on your credit, and no one but you and the pawnbroker will ever have to know that you defaulted on the pawn loan. You don’t have to repay the loan at any point, either since the watch was collateral for the loan.
Where’s the best place to sell luxury watches in Melbourne?
If you’re wondering where the best place to sell luxury watches is, Melbourne Pawn Shop can offer you fast cash for your old luxury watches. Whether you want to sell luxury watches or get a pawn loan for them, we can accommodate you. We offer some of the best prices for old luxury watches when you sell outright. If you intend to come back for your watch, we can provide you with a pawn loan with favourable rates and generous term limits. Our location is secure and private. Stop in today and see just how easy it is to sell or pawn your luxury watch.
|LOAN AMOUNT||MONTHLY FEE|
|$20,000 +||2 - 3%|