• Home
  • About
  • Advertise
  • Contact
  • Policy
  • Guest Post
  • Archive

One Cent At A Time

A Personal finance blog to get rich

  • Email
  • Facebook
  • Pinterest
  • RSS
  • Twitter
  • Beautiful Life
  • Becoming Rich
  • Beginners Guide
  • Extra Income
  • Productivity
  • Saving Money

Unusual Investment – Preowned Luxury Watches

May 19, 2018 2 Comments

Share this:

  • Tweet
  • Email

I wrote about investing in paintings, rare wines and even printer toners as part of unusual investment/side hustle options series, here’s one more – investing in luxury watches, And to make it more simple, we will talk about only pre-owned watches here so that the barrier to entry is reduced for most investors.

Unusual Investment - Preowned Luxury Watches

It is every collector’s dream to own a luxury watch at one point in time. But the tricky thing about luxury watches is this- they are extremely expensive. Buying a first-hand luxury watch can cost you a fortune. If you are not in a position to spend that kind of money, does that mean you will never own a luxury watch?

Well, not quite. There are plenty of pre-owned luxury watch brands from second-hand Rolexes to used Omega watches that you can get for yourself. Not only are they way cheaper, but they also come with a ton of other advantages.

So, if you are looking to buy a second-hand luxury watch, then here are some benefits you can expect from the same:

  1. You will get your money’s worth

Obviously, pre-owned luxury watches are less expensive than their new counterparts so you can expect a lot more variety for the budget that you have set.

For example, for a set budget, you can buy a better-used watch instead of a new one. So, you can stick to your budget as well as rock a cool luxury watch!

  1. Older watches can be finer

Like wine and certain antiques, used watches can become more valuable over time. This will depend on the brand of the watch of course, but since most luxury watches are considered to be collectibles, they automatically have an antique value associated with them.

This can also hold true for watches that have been in your family for a long time- heirlooms that have been passed down from generation to generation.

  1. You will open up a wide avenue of choices for yourself

Luxury watch brands release only a few new models each year, which means that your choices will be limited. On the other hand, if you are keen on buying old luxury watches, you will have a lot of different models to choose from.

These range of watches can also include pieces that were limited edition so you can lay your hands on a piece that only a few others in the world possess.

  1. You will be sure of the quality

Even though the watch you are buying is second-hand, you will not have to worry about quality. Luxury watches are some of the finest pieces of engineering you will see, and they are made to last the trials of time.

So, even though the watches may be second-hand, you will not have to worry about qualifying for one bit. And since the watch was owned previously, you can be sure that it comes with no manufacturing defect.

Also, luxury watches are not worn often, so even though the product might be used, it may look brand new. So, you will receive a watch that has hardly been worn twice at a price far lesser than a brand new model.

  1. Old is gold

Some pre-owned watches are vintage pieces that come from an era that has gone by. In this way, you can actually own a piece of history for a reasonable price.

With a vintage watch, you will be able to grab eyeballs all the time, and the simple watch will take your whole wardrobe to the next level.

  1. No fear of depreciation

There is an immediate drop in price value when you buy a brand-new luxury watch. When you buy a used watch, you will not have to worry about this drop in price.

This is because the price drop has already occurred the first time the watch was bought. Because of this, you will also find the watch at a far lower price than you would get it when it is brand new.

Should you buy a pre-owned watch?

At the end of the day, it all depends on you. If you are someone who prides himself as a collector, then you will find this prospect appealing.

You can look for vintage watches- rare antiques, really- to own a piece of history. You can also look for used watches if you want to own a luxury watch at a lower price.

While buying the used luxury watch, make sure that you also obtain the paperwork for the same. The certificate of authenticity is a must, as it will ensure that the product you are receiving is not a counterfeit.

Having evidence on paper will provide you with the mental peace you require to go ahead with the purchase. This paperwork will also be useful to you if you wish to sell the watch in the future.

LIKE THIS POST?
I agree to have my personal information transfered to MailChimp ( more information )
Join our community of 8000+ subscribers to increase your net worth and build wealth
We hate spam. Your email address will not be sold or shared with anyone else.

Share this:

  • Tweet
  • Email
The tool that changed the way I manage my personal finance - Personal Capital, The Best Free Personal Finance Tool

Want to start a WordPress blog now? The onecentatatime.com blog is hosted by Siteground Web Hosting. For only $3.95 a month, Siteground can help you set up and host your website/blog quickly and easily.

About the Blogger Hi I am SB, a personal finance enthusiast with a career in software development. I am an immigrant to the USA since 2005, after being born and brought up in India. This 40 something technocrat lives and breathes personal finance whenever he gets time from the day job, job as a husband and a dad

Some links on this page may be affiliate links, if you make a purchase following the links, I may earn a commission. Read affiliate disclosure here
« When Your Career Doesn’t Progress Well
All About Online Surveys and Shopping Apps »

Comments

  1. Rachel says

    May 22, 2019 at 9:42 PM

    I’m guessing you probably shouldn’t invest in vintage watches unless you’re actually familiar with the watch scene. If I tried to do this I’d have no idea what I was doing and I’d probably just end up getting scammed.

    Reply
  2. Jericho says

    May 23, 2019 at 12:34 PM

    Hi Thank you for this wonderful post
    i may choose the pre owned watch its because its all same its all same watch even you buy a new limited edition watch

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



Create your own blog in 20 minutes and $20

Personal Capital, a free tool to change your financial health today

I use and suggest Upstart, for your personal loan need

CreditKarma, a free tool to check your credit scorey

I use Coinbase, for my crypto investments

101 Cents at a Time

101 Ways to Earn Extra Money on the Side
201 Frugal and Perfect Birthday Gifts
101 Ways to Save Money Everyday
101 Ways to be Better and Successful at Work
101 Ways to Save Environment and Energy
101 Frugal and Romantic Anniversary Ideas
101 Low-Cost Men's Fashion Ideas
101 Personal Finance Tips
101 Ways to Reuse Household Stuff
101 Things to Do, When Nothing to Do
101 College Graduation Gift Ideas
100 Tips for Ecommerce Startup
101 Ways to Enjoy Indoor During Winter
101 Ways to Beat Procrastination

Popular Posts

Quick Cash - How to make $100 legally, in a day
Living well on less than $15,000 a Year
Top survey sites for side income
What to do when auto repair goes wrong
Where should I invest my money now?
20 Ways to be productive and happy at work
51 Ways to get out of debt
Be a better person in 15 days, 15 ways
Income ideas for retirees and senior citizens
51 side jobs for college students
Urgently need a large amount of money?
Should I buy or should I rent?
Best Personal loan providers
25 Ways to save environment
25 DIY car repairs to save money
How to decorate office cubicle
How to show your wife you care
50 Financial Rules for Success
51 Frugal weekend family activity ideas
Become Rich By Saving 1 Hour Of Daily Wage
How much do I need to save for retirement?
How to negotiate your salary

Follow us on FaceBook

About Author

SB

Blogger by choice and IT manager by profession. Finance is my passion and gardening is my greatest satisfaction. Born in India, settled in US, Husband and a father. I created this blog in 2011 with a vision to help others. Thanks for your patronage. More info on my "about" page.

View all posts


Subscribe

Join our community of 5000+ subscribers to increase net worth and build wealth

Advertisements

Personal Stories

How I got a new HP computer replaced
Was COVID circulating in USA in fall of 2019?
How my credit score went up 800+
Why I didn’t invest in Bitcoins
How I controlled impulses to buy things
Why this blog is named One Cent at a Time

Subscribe via Email

Site Disclaimer

Disclosure of Material Connection: Some of the links in this web site are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. Regardless, I only recommend products or services I use personally and believe will add value to my readers. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”
Read full Affiliate disclosure


One Cent at a Time is published by SB. The opinions expressed herein by him are his own and not those of his employer or anyone else. All content on One Cent at a Time is for entertainment purposes only. By reading this blog, you agree that SB and/or One Cent at a Time is not responsible for any actions taken after reading this blog. For the full disclaimer, click here .

Major Media Mention

One Cent at a Time Media Appearances

Copyright © 2023 One Cent At A Time · Designed by Nuts and Bolts Media