Pawnbroker loans against luxury watches. Why they work so well

Why do so many of our customers secure pawnbroker loans against luxury watches? We believe it’s because a loan against a Rolex or other luxury brand recognises the item’s value.

A luxury watch is something to treasure. It’s an item you want to look after and retain. Just ask the experts at Patek Philippe. They say:

You never really own a Patek Philippe watch, you merely look after it for the next generation.

But as security for a short-term loan, your luxury watch is also something that can look after you. And, best of all, using your luxury watch as security for a luxury pawnbroker loan means you retain full ownership of your timepiece. When you settle your loan, we of course return your watch, ready for you to enjoy and admire every single day.

What are the advantages of pawnbroker loans against luxury watches?

Speed is one major plus. If you own a luxury watch, unlike many other assets, you can be certain that it’s ideal for unlocking quick, discreet short-term finance. Luxury watches like Rolex hold their value. Lenders find them easy to identify. Their title is easily proven by the owner too. That means a loan is normally secured and in place within hours of making contact with Edinburgh Asset Finance.

Another advantage is the higher loan-to-value ratio that the pre-owned luxury watch market enjoys. In other words, the certainty of luxury watches means we can usually lend more when compared to other valuables like art, jewellery and luxury cars.

To illustrate, a luxury watch and a diamond ring, purchased from the same reputable jeweller, and on the same day, will realise different loan offers. In short, luxury watches are a reliable, fuss-free asset when it comes to securing a loan.

How big a loan will my luxury watch secure?

Each watch is, of course, valued individually. But as a general guide, Edinburgh Asset Finance could potentially lend up to £3000 against a luxury watch. Compare that with a likely £1000 against a diamond ring. The reason? Demand for second-hand luxury watches have kept values soaring. Conversely, it can be more difficult to sell second-hand jewellery –particularly with jewellers applying such high margins to the non-branded goods they sell.

Why secure a pawnbroker loan against your luxury watch with Edinburgh Asset Finance?

We’re the experts in providing pawnbroker loans against luxury watches. Our experienced valuers work quickly and will always provide a fair and honest valuation.

When you need cash fast, selling your watch could become a temptation. But rather than selling your luxury watch quickly – and almost certainly losing out on its true market value – a loan means you retain ownership of your watch. And throughout its time with Edinburgh Asset Finance, your watch will be in safe hands too. We lock our customers’ watches in our own secure vault.

Will my luxury watch loan affect my credit score?

Absolutely not.

Our loans against luxury watches are completely invisible to banks and other lenders. There is no need for credit checking or affordability assessments. There will also be no record of the loan on your credit history.

As a result, there is also no impact on any current or future borrowings. All loans against luxury watches are dealt with in a completely discreet and confidential manner, either by appointment at our offices, or at your premises. You can read more about our loans against luxury watches here

Pawnbroker loans against luxury watches: a business-based case study

How we helped a customer deal with business bills

Recently, a customer approached Edinburgh Asset Finance looking to raise funds for her business. This customer was facing financial pressure and needed to pay a range of bills. With the knowledge that a busy trading period was on the way, our customer was confident of settling her loan within 2-3 months.

Using a luxury watch as security, we were able to quickly and discreetly arrange a same-day loan. This allowed for the timely paying of bills. And when business picked up as expected, our customer settled her loan inside three months and was reunited with her prized luxury watch.

What our customer told us

“Earlier this year I found myself in a very difficult financial situation. Unfortunately, my bank was unwilling to assist me.

With a great deal of trepidation, I contacted Edinburgh Asset Finance. If I’m being honest, I really had no idea what to expect.

But I needn’t have worried. I was treated with the utmost respect, the whole process was explained very clearly, and the transaction was carried out discreetly and extremely quickly.

The agreed amount was paid by bank transfer and was in my account instantly upon receipt of my luxury watch. After repaying my loan I collected my watch, which was kept safely and securely for the duration of the loan period.

In conclusion, I would not hesitate to recommend Edinburgh Asset Finance. They could be just the solution you are looking for.”