Table of Contents
Way back in 1908, the name Rolex was registered in Switzerland as a watch brand. In more modern times today, many people associate the brand Rolex with luxury, glamour, and prestige.
For this reason, so many people are seeking this brand, and questionable retailers are selling used “Rolex” watches that are actually well-done dupes. However, spending so much money on a watch that’s brand new is also a little daunting because (obviously) you’d rather save that money for something else.
When you’re buying a luxury watch, like a Rolex, it’s important to be careful with your purchase since it is an expensive item, and you obviously don’t want to get ripped off.
Is it better to buy a used watch or a new watch? Keep reading to learn about what you should consider as you go watch buying to get the best watches out there.
Consider Your Finances
While it might seem obvious that new watches are more expensive than used watches, it’s actually not that simple with Rolex watches.
You can save a lot by being a watch’s second or third owner.
There is a level of depreciation, however, that occurs as soon that first person leaves the store with the watch. When the watch is sold to the second owner, the savings can be great because the value of the watch has already declined as soon as the first owner left the store.
You’ll have more access to different models to choose from when you buy used watches because that range of pricing opens up so much, even if a watch that is brand new was way above your budget.
A pre-owned watch loses value more slowly than a brand new watch as well. The value still depreciates over time, but at a slower pace, which means you can sell it again for a fair price if you choose to.
Think About the Availability
You’ll have more options to buy different Rolex models if you look at used watches instead of just new ones. This is mainly because the price is lower for used watches, as we discussed, but there is also a wider market. People like to buy and sell these watches to try and make a profit, even if the price still seems fair to you.
The whole used market is bigger than whatever you might be able to find at even the largest official Rolex store, so you can choose from classic models that have been retired to current models that you didn’t think you could get your hands on.
Plus, depending on where you’re buying from, you might be able to get more information about what they plan to have in stock soon. This way, you can wait it out if your favorite iconic Rolex is about to become available. Official Rolex stores won’t be able to make that guarantee.
Consider the Longevity of a Rolex
One of the things that Rolex is most known for is its durability. From its start, Rolex was all about making timepieces that were high in quality with a solid design built to last.
A big benefit to Rolex watches is that they are a little more simple, which means there is less that can break or malfunction as the watch gets older. Most of Rolex’s output has historically been simple three-handed models for this reason.
In more recent years, the Rolex watches have started to get a little more complicated with additional features and functions. Even these watches are proving that Rolex makes a strong watch.
This means that whether you’re looking at vintage watches or modern watches, if Rolex is the brand, you’re likely to get high-quality. Buying a used watch in this case doesn’t mean buying something that is more likely to break fairly soon after you obtain it; you’ll likely have it for many years to come.
Decide Whether a New Watch Is Important to You
While you will get more watch for your money if you buy a used Rolex, there are still benefits to getting a new model as well.
The biggest advantage is that you will have peace of mind. Buying a Rolex from an official store means that you know your watch is not a counterfeit, and you also know that you can contact the seller or manufacturer directly if you have concerns.
A new watch won’t have any wear or tear either, so the watch will look brand new right out of the box. You won’t have to worry about any defects or any problems with the watch itself because, again, it’s completely new.
It’s also nice to have the authorized dealer experience. You have to pay a premium price for the privilege, but being the first person to buy the watch, get your name on the warranty card, and get pampered by the shop owners is a treat for any person. If you’re spending the money, why not indulge a little bit to get the most out of it?
Buying a Used Watch vs. a New Watch: Which Rolex Is Best?
There are benefits to buying a used watch or a new watch in this situation, so you have to decide which is the right course of action for you.
Of course, there are more advantages to getting a used watch, but if you’re buying a Rolex for the experience, it may be worth it to splurge on a new model instead. Keep these tips in mind to make the right choice for you.
If you liked this article, take a look at the rest of our blog for other posts just like it!