Buying a Pre-Owned Rolex
Why you should buy a second-hand Rolex
If you are interested in purchasing a Rolex watch, there are several very good reasons why you should consider buying a pre-owned one.
This is especially true for your first Rolex timepiece, where it can feel like you are being bombarded with collection names, functions and model references.
As such, we have decided to put together this guide to purchasing a pre-owned Rolex, including some of the benefits you will receive by doing so.
Pre-owned Rolex watches are more affordable
The first benefit to mention is the fact that second-hand Rolexes are often more affordable than brand new models. In fact, it is possible that you will make a substantial saving buying an older, pre-owned version of a watch that is available in the brand’s current catalogue.
The main reason for the reduction in price is the transition that takes place when the watch condition changes from ‘new’ to ‘pre-owned’ when it is bought for the first time. Thankfully, this is the biggest dose of depreciation that will hit the watch.
In fact, you may find that a second-hand Rolex will periodically increase in value for numerous reasons, including the scarcity and desirability of the watch.
Older models are still relevant today
Rolex watches have always been renowned for their timeless aesthetics, and this stems from the brand’s philosophy of evolution rather than revolution.
For example, if you take a look at the latest Rolex Submariner and compare it to an older model, while there have been some subtle changes to the watch, even an untrained eye would be able to recognise that they belonged to the same collection.
This means that when you buy a second-hand Rolex, you are not buying an outdated timepiece, but rather a recognisably vintage version of a current model.
There is a wider range of watches to choose from
When browsing for second-hand watches, it is not uncommon to be overwhelmed by a large number of options available to you.
Instead of being restricted to the current offerings from Rolex, you instead open the door to all their collections from the past. One problem that many people have, particularly the first time buyers, is that they are not sure which Rolex is the one for them.
Buying a pre-owned Rolex can help solve this problem. As you will not be paying full price for a brand new timepiece, it can help you be more open-minded about which model of Rolex you want to purchase. Further to this, as Rolex updates their models, it is not uncommon for them to discontinue its previous iteration. These discontinued Rolex models are available to buy second hand, and perhaps you will find the Rolex that you dreamed of having as a teenager!
Pre-owned Rolex watches hold their value
Depreciation on a Rolex is a lot less punishing once the watch is classified as pre-owned, and in some cases, you will find that it is in fact nil, or that it can actually appreciate. This means that not only do you get a distinguished, vintage timepiece for a substantially less expensive price than you might expect, but you can also view it as an investment for when you want to buy a new watch in the future. If another Rolex was to catch your eye, for example, you could sell your pre-owned watch for a very competitive price, similar to the price you paid for it in the first place, which could help contribute to the price of your new watch.
Buy with confidence at BQ Watches
BQ Watches has over 30 years of experience as a trader in the luxury watch market, and we place a strong emphasis on the authenticity and the condition of our products. Each individual watch that we have for sale has been authenticated by our team of watch experts, and where applicable we provide the original papers of authenticity. We are also happy to provide our customers with a piece of mind after they have purchased their second-hand watch from BQ Watches, as we offer a 24-month warranty on all the watches that we sell.