Why it Makes Sense to Hire a Luxury Watch
Read this if you would like to understand some of the hidden costs of luxury watch ownership. We also highlight the benefits of hiring a luxury watch instead of buying.
Overall, whereas sometimes it can be a positive thing to buy a watch outright, remember that you must buy with your head as well as your heart. Just because a watch looks nice to you, it doesn't mean it is a good investment choice! When you hire a watch, you do not need to consider the investment proposition and can instead wear the watch you want, when you want it.
The True Costs of Luxury Watch Ownership
Luxury watches can lose as much as 40% from the date of purchase.
Cartier Tank Francaise
New - £6,400
Trade in - £2,550 (@DesignerExchange)
Rolex Datejust 41 Roman Dial
New - £7,300
Trade in - £5,900 (@Watchfinder)
Luxury watches require servicing to keep them functional. This can be extremely costly.
Omega Seamaster Diver
Market value - £2,500
Omega servicing cost - £962
Rolex Steel Sports Professional Models
Market value - approx. £7,000+
Servicing costs - from £536.99 for a basic service
Other costs to consider
Increased insurance premiums
Selling fees (approx. £300+ @Chrono24)
Getting a suitable insurance-approved safe installed in your home
Potential of being targeted by thieves and scammers
Buyer's remorse (what if you change your mind?)
The Benefits of Short-Term Watch Hire
Wear something new and different
Wearing the same watch each and every day can become quite mundane. Change up your style and reignite your passion for luxury timepieces.
Wear precious metals without worrying about the hidden costs
People typically opt to purchase stainless steel models. Why? Because
it's harder wearing, and more suitable for day-to-day wear.
But for a special occasion, wouldn't it be nice to wear a solid gold watch or perhaps something with diamonds?
Wear the right watch for the occasion
One watch cannot be the perfect solution for every occasion. For instance, the Rolex Submariner is a great and versatile timepiece.
However, for a black-tie event, something like a Cartier Tank would be much more elegant and suited to the occasion.
You can even ask us to provide a leather strap in an alternative colour to match your attire. The same principle applies for handbags, cufflinks, pens and other accessories.