Sometimes you just need some quick cash to get you through a tight spot. If you have a Rolex watch, the solution is at hand! Because Rolex watches are well made, sought after, and highly desirable, they make excellent collateral for a short-term loan or pawn loan.
First Steps
The first step to securing a loan with your Rolex watch is to get in touch with us! During your initial discussion with one of our representatives you will be asked to provide clear photos of the watch, a description of the watch, and information about what is included with the watch, such as the original box and Rolex warranty card. All of these will help us to perform the initial valuation.
Initial Valuation
Based on the photographs and information you provide, a valuation specialist will work to determine a preliminary loan offer. The specialist will conduct research on the current secondary market value of the specific model of Rolex that you own to make sure that the strongest possible loan offer can be provided to you. The inclusion of the original box and paperwork, as well as any extra bracelet links, etc., is important for achieving the highest possible loan amount for your Rolex watch, whether you own a Datejust, Day-Date, or Submariner.
In-Person Inspection & Contract Signing
Once the initial offer is communicated to you and you decide to proceed with an appointment, arrangements will be made for you to meet in person with a valuation specialist at one of our discreet offices. An inspection of the Rolex watch to note any condition issues will be conducted. The watch will be assessed to ensure that it is running and that any complications such as a chronograph feature are in working order. A complete description of the watch noting the reference number and serial number will be included on the contract. When all of the details are confirmed and the valuation finalized, the contract will be issued electronically for your review and signature. The loan is completely confidential.
Funding & Final Steps
With those few steps, the loan is complete and can be funded in cash or by bank wire, whichever you prefer. A monthly payment is required to keep the loan active. When you are ready to retrieve your Rolex watch you will make a final payment of the principal amount and the current month’s fees. The process is straightforward from start to finish!
