Edinburgh Asset Finance Explains How To Pawn Your Rolex

Have you ever asked how do I pawn my rolex?

Rolex watches are simply incredible. The name alone is synonymous with quality, luxury and precision and no other watch brand in the world commands the same level of instant recognition and complete respect. Rolex watches are recognized everywhere in the world and are almost a currency in themselves – such is the desirability to own one…..or a whole collection. The ease with which you can sell or pawn your Rolex make them an extremely useful luxury commodity to own.

Why Pawn My Rolex?

So why pawn your Rolex? Well, when short term funds are required, they can be an excellent way to raise money quickly. Indeed normally funds are with the customer on the same day that the enquiry is made, with no need for any credit checks or lengthy paperwork to be completed. Pawning your Rolex is a fuss free and cost-effective way to generate funds when they are needed most. Pawning can be a far more cost effective option than selling. A dealer will likely pay £1000-£5000 less than it would cost to buy the same watch back once your liquidity has returned. Pawning your Rolex can cost far less than this, with the assurance that you will be reunited with your coveted watch at the time of repayment.

Why Pawn Your Rolex with Edinburgh Asset Finance?

There are a number of very compelling reasons to pawn your Rolex with Edinburgh Asset Finance rather than a High Street alternative. Edinburgh Asset Finance only see customers by appointment at a time to suit them. Think of it as going to see a professional advisor, rather than queuing to speak to a shop assistant. Because you are meeting a professional, valuations tend to be more accurate and more money can normally be raised if required.

Edinburgh Asset Finance Keep Your Loan Confidential

Being discreet is also a very important part of our business. After all, who wants the world to know that they need a short term loan? The biggest reason to pawn your Rolex with Edinburgh Asset Finance is cost – typically out interest rates are half that offered by the High Street. Finally, our methods of operating make the items that are in our vaults far safer – there is no shop here with the general public wandering around and our vaults are extremely secure. So in summary, Edinburgh Asset Finance are:

More professional
Very discreet
Much more knowledgeable
Better value
Offer higher loan amounts
More secure.

How much will you get if you pawn your Rolex?

Over the last decade or so, the price of new Rolex watches has risen considerably. This has had a similar positive knock-on effect to the market for second hand watches. For certain models, 10+ year old watches are worth more now second hand than the amount that they were bought for. This is good news in terms of how much you will get if you pawn your Rolex. Typically Edinburgh Asset Finance will lend up to 60-70% of a realisable sale value. In the case of a Rolex GMT Master 2 that we recently loaned against. Our client brought the watch for £2900 in 2005. We were able to loan £3000 against his rolex.

What will it cost to Pawn your Rolex?

So what will it cost to pawn your Rolex with Edinburgh Asset Finance? The answer is probably less than you think. On the example above, where the gentleman borrowed £3000 against his GMT Master 2 the interest was accrued at 5% per month. The customer had the loan with EAF for 2 months and the amount he repaid was £3300.00. Meaning the total cost for the loan was £300, with no arrangement fees, no storage fees and no redemption penalty. The entire process is completely transparent and customers have complete control during the 7 month loan period about how much they pay and when.

Find out more on pawning my Rolex

To find out more about pawning your Rolex and how much that might raise, please feel free to call Edinburgh Asset Finance for an informal chat. Our number is 0131 5562500.

Alternatively, you are welcome to email us directly at info@edinburghasset.co.uk or complete our form online. All inquiries are treated in the strictest confidence.