Releasing Equity From Your Rolex
Release Equity From Your Rolex
When we achieve financial success we tend to reward ourselves with fast cars, larger homes, and expensive timepieces. There is nothing more empowering than a business that is flying high and generating profit. The Rolex on your wrist is a subtle way to advertise your prosperity. Unfortunately, businesses are not immune to the impact of market forces and political decisions. Both of which can seriously affect cash flow and available funds. It is at this point time to calculate the value of your precious status symbol and use your Rolex to get you out of a tricky financial situation. You will be relieved to know that you can benefit from the cash value of your Rolex without having to part with it for ever.
Why Selling Is False Economy
Our first instinct when cash has stopped flowing is to sell everything of value that we own. Your immediate financial crisis will be solved. However your Rolex will be gone forever and you will lose money on your initial investment. You also need to bear in mind that dealers you sell to will want to make a profit and knock a significant sum off the initial price you paid for it.
The amount of money raised by selling your prized Rolex depends entirely on its initial value. There are two things that help you make a profit when selling a Rolex. Firstly it would generally have to be extremely rare or vintage. Secondly it would have a USP for example a famous owner. If you do own the Submariner or the Deepsea Rolex watches then you will see their value rise every year, and if you decide to sell you will miss out on future profits.
Why Releasing The Equity Of Your Watch Keeps You Quids In
In times of difficulty, most business owners only require a quick injection of cash that will keep the wheels turning until the money starts flowing again. Securing a traditional loan is often a long drawn out process. A process that requires copious amounts of paperwork, not to mention that this will also impact on your credit score.
Often a flash loan will suffice and one that does not affect your credit ratings and accounts is particularly appealing. Borrowing against the value of your Rolex means you retain your original investment, allowing you to acquire finance and still benefit from the increasing value of the watch.
If your watch and loan value meet the criteria, you will be offered a loan based on the equity. Your watch will be stored securely for the duration of the loan. The interest rate on your loan will be under 10%. As soon as you pay your debt off your watch will be returned, your business will be running smoothly and your wrist will be blinged up again.
If you are a business owner who is lucky enough to be asset rich you are in the privileged position. You are able to borrow money against your luxury goods. You are statistically less likely to default on your loan. The chances are that you will borrow money in this way a number of times during the lifetime of your business.