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If you’ve had your eye on a luxury watch brand, but you don’t want to put the money down all at once, BQ Watches can provide you with simple and favourable financing terms. On top of that, BQ Watches stocks pre-owned watches, which means they’re already more affordable than the typical retail price, depending on the brand. When you buy a luxury watch from BQ Watches, you’ll get the best price possible, and you can pay for it on your terms. Read more about our financing options below.
(Best Quality Watches Ltd is a credit broker, not a lender. Credit is provided by Novuna Personal Finance, a trading style of Mitsubishi HC Capital UK PLC, authorised and regulated by the Financial Conduct Authority. Financial Services Register no. 704348. The register can be accessed through http://www.fca.org.uk.)
At BQ Watches, we do everything we can to provide a customer service experience that far exceeds your expectations. That’s why we made sure our credit terms are incredibly fair and favourable for our customers.
When you choose to buy a luxury watch on credit, we’ll make it simple for you to set up terms, and we’ll make it easy for you to make your payments. All you need to do is let us know what kind of credit terms you’re looking for, and we’ll do our best to work it out. Below you can see the financing options we have available for you now.
Applying for online finance couldn’t be easier or more convenient. When you buy online from BQ Watches, you have the choice of applying for finance by adding your purchase to the shopping basket, selecting the finance option, and completing an online application form. Just follow the simple instructions, entering your personal details as required and we’ll do the rest.
The whole process only takes a few minutes and is simple and secure. Once your finance application is approved, you will then be advised of how to sign the finance agreement and you will also receive an email confirming these details.
Please read the agreement carefully checking that all the details are correct, then either electronically sign the agreement or print and sign the agreement in both boxes. Post the signed agreement to the address shown on the covering letter of the agreement.
Following receipt of your finance agreement and a few additional checks, your goods will be dispatched.
Up to 12 months 0% APR representative interest free finance.
Spread the cost with our interest free finance available online and in store.
Our simple finance options allow you to spread the cost of your purchase over 12 months.
12 months interest free finance on orders of £1,000 and above
The table below shows you how much the monthly repayments will be based on the total order value.
Up to 36 months 9.9% APR representative interest bearing finance.
Spread the cost with our interest bearing finance available online and in store.
Our simple finance options allow you to spread the cost of your purchase over 24 or 36 months.
These 2 simple finance options help you spread the cost of your purchases.
Cash Price £2,000
Loan Amount £1,800
APR Representative 9.9%
Interest Rate 9.9% p.a. fixed
36 Monthly Repayments of £57.65
Total term of loan agreement 36 months
Total Amount Payable £2,275.40
BQ Watches carries an impressive selection of incredible luxury watch brands. When you shop with us, you can enjoy exceptional loan rates and terms on premium timepieces from the world’s most respected watchmakers. If you are looking for a specific watch model, please don’t hesitate to let us know. We would be happy to source one for you.
We make it easy to finance your Rolex or any other luxury watch you’ve been wanting. You can set up financing online or in person at our store in London. Just let us know that you’re looking to finance your purchase. We’ll need to check your credit to determine the terms and then you’ll be ready to finance your watch.
Feel free to ask our staff any questions you might have about financing and which payment terms are best for you. We’re happy to help.
Just select the finance option on the checkout page or let the sales consultant know if you’re buying in our showroom.
To apply for online finance, you must be over the age of 18, work at least 16 hours a week, or be retired with an income. You must also be a resident of the United Kingdom and have lived in the UK for the last 12 months or more.
Unfortunately, we are unable to offer online finance to residents of Eire. Homemakers aren’t excluded from applying under their own names; however the employment details of your spouse / partner will be required in order to process your application.
Your monthly repayments will begin one month after your purchase has been delivered. For buy now pay later agreements the monthly repayments will start 12 months after delivery.
No. There are no arrangement fees or hidden extras.
Within minutes of your application being approved, you will be presented with the options to either e-sign or print and return your finance agreement.
If you choose to e-sign your agreement, a PDF of your agreement will be displayed on screen. You should read the agreement carefully before clicking all the relevant sections agreeing to its terms.
Once you have agreed to the terms of the finance agreement Best Quality Watches Ltd trading as BQ Watches will be notified and you need do nothing more.
If you choose to print and return your agreement you should print the agreement, read it carefully and then sign the document following the instructions on the covering letter. This signed document should then be posted to the address shown on the covering letter of the finance agreement.
Note that products will not be allocated to your order until your completed and signed agreement is returned and received by Novuna Personal Finance. Shipment of your goods will follow soon after your agreement has been returned and received.
Credit scoring is the process used by financial services companies to evaluate the credit risk of new applicants. This technique will be applied to your application for online finance. Credit scoring works by awarding points for each answer given on the application form such as age, income and occupation, together with information obtained from credit reference agencies.
This information allows consistent decisions to be provided, ensuring all applicants are treated fairly. Credit scoring does not discriminate on the grounds of sex, race, religion or disability.
In addition to credit scoring, Novuna also takes into account confirmation of your identity, validation of certain application details, existing commitments and information held at the credit reference agencies. Though Novuna is unable to provide you with a main reason for declining your application, it is usually based on one, or a combination of the following:
Your credit score (please note that every finance company will score you differently)
Adverse credit reference agency information
You are considered to be overcommitted
You are aged under 18
Your existing account performance with other lenders
What type of information do credit reference agencies hold about me?
Some of the information is public information, for example electoral roll, County Court Judgments and bankruptcies. Other lenders may also file information about accounts you hold with them for instance this could include your payment history and outstanding balance on these accounts. Any requests for credit, where a credit reference search has been undertaken, will also be filed, although the result of the request is not recorded.
Send a request to the relevant credit reference agency, together with details of all addresses at which you have lived over the last 6 years:
Experian Limited, Customer Support Centre, PO Box 9000, Nottingham, NG80 7WF
Equifax Ltd., Customer Service Centre, PO Box 10036, Leicester, LE3 4FS
TransUnion International UK Limited, Consumer Services, PO Box 491, Leeds, LS3 1WZ
The above listed agencies will provide details of information relating to these addresses. If you believe that the information is incorrect, you can ask the agency to correct it.
Yes. We acknowledge that circumstances change and just because a previous application has been refused, it does not mean that a further request will automatically be turned down. We do suggest however, that you leave at least 6 months between applications.
In order to safeguard against fraudulent applications, we regret that we’re able only to deliver goods to the home address of the applicant.
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