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Tag: loan against watch.

Which luxury watches secure the highest pawn value in 2022?

May 12th, 2022

Luxury watches are primarily for flaunting on your wrist. Yet, recently there has been a steady increase in people who want to buy luxury watches as investments and make a profit later. The world of luxury watches has indeed proved to be beneficial when it comes to investment returns. This option is quite lucrative if you know which models to buy.

high pawn value watches

As the development of the watch industry is on the rise, you can easily expect a hike in your investment return by spending on a variety of luxury watch models. Moreover, the watches can also help you during an unprecedented cash crisis by allowing you to take a quick loan against luxury watches from a reputed pawnbroker.

Are you aware of the watches that can be a valuable asset against a cash loan?

Let’s look at some of the most popular watch brands and models that will secure you financially.

1. ROLEX

Without a doubt, Rolex makes it a point to secure the top position in any investment list. The luxury watch brand has been titled the best investment watch brand in 2022 with rising market demand and appreciating value. We suggest investing in the Rolex Oyster Perpetual 41, which comes with a stunning ‘Stella’ dial to secure a higher pawn value. If you’re a minimalist by heart yet want your wristwatch to make a statement, the Stella Rolex will help you achieve that with its beautiful range of dial colours.

The Oyster Perpetual 41 watches come in yellow, coral red, green, and turquoise and have become a true hype model that will fetch you a satisfactory pawn value when you pawn watches.

Rolex has smashed all traditional notions of following stereotypes by including the Stella range’s colourful accents that perfectly fit today’s watch trend while ensuring an increasing market value.

Also Read: A Comprehensive Guide To ‘Rolex Finance’

2. PATEK PHILIPPE

The Patek Philippe 5711/1A most certainly needs no introduction as we are aware that they are longer in production. Following this news, the demand and exclusivity of this watch have increased tenfold. The Patek Philippe Nautilus, 5711/1A in Green, is a trending model that immediately reacts to its unique design, especially the thinness. Coming in a 40mm case, the green version is one of the most sought-after, with a horizontally imprinted sunburst olive-green dial. The luminous gold hour markers make for a fine contrast against the green hue, which, combined with the steel bracelet, makes the watch undeniably alluring.

The price of the Nautilus will only continue to rise, most specifically because of its unavailability. In such a case, if you manage to get hold of one, the pawnbrokers in London would be more than happy to offer you a loan against the watch.

3. AUDEMARS PIGUET

In a stainless steel version, the Audemars Piguet Royal Oak Jumbo is a no-brainer and is an absolute classic timepiece that the brand has ever created. The past couple of years has only seen increased demand for this particular timepiece. We are talking about the Royal Oak Jumbo Ref. 15202ST, whose price has only exploded. It is one of the best luxury sports watches which you can quickly look and feel in the watch’s well-built design without even wearing it. The octagonal bezel with the distinctive screws is perfectly aligned, and the 39mm case makes it super comfortable to wear.

One of the biggest highlights is the Blue dial with Petite Tapisserie pattern and luminous white gold-applied markers that looks eye-catching. The watch goes with everything and presents an elegant outlook.

4. CARTIER

Over the years, Cartier has released numerous high-end watches that have earned the brand a long trail of admirers and collectors. The Cartier Santos lineup has been in construction for over 100 years and is instantly recognisable for its standout square shape case design. The Santos De Cartier Large variant made of stainless steel is distinctive in the Santos catalogue. The watch has a fairly sleek profile with a skeleton dial, blue sword-shaped steel hands and Roman numerals in black. You can get an exceptional view of the movement with an open case back.

Collectors have always chosen the Santos watch because it greatly upholds the brand’s history, success, and determination to curate the best jewellery watch designs. You can pick from both the quartz and automatic versions based on your preference.

5. VACHERON CONSTANTIN

Vacheron Constantin is a readily available alternative to the AP and Patek Philippe models. The VC Overseas Ref. 4500V is only increasing in popularity for its proximity to the other two watch brands. The Ref. 4500V steel watch is ideally suited for active lifestyles, and VC constructed the watch design as a tribute to the spirit of travel. It is slim, and the unique tonneau-shaped case makes the timepiece easily recognisable. The clean dial with baton hour markers and a notched round bezel makes it look sporty yet considerably stylish.

One of the most striking features of the Vacheron Constantin Overseas Ref. 4500V is the complex bracelet design with unusual hexagonal centre links that fit comfortably on the wrist. You can get the design in a 37mm, 25mm, and 34mm case.

The Vacheron Constantin Overseas watch is a slightly unconventional model in demand. With its long-standing successful graph, it is safe to assume that the popularity of this watch will only increase in the future.

6. JAEGER-LECOULTRE

Jaeger-LeCoultre is a venerable watchmaker of complicated movements. In 2020, the brand released a clever timepiece that hosts interesting technical complications. Ref. Q4138420 is the first JLC model to combine a full calendar (month, day, date) with a moon phase indicator. To enable this functionality, the brand developed a new movement, JLC759. The stylish and classic Master Control Chronograph has a 40mm round case, rectangular pushers at 2 & 4 o’clock, 4 correctors on the case band, and numerous other functionalities controlled via the crown.

Additionally, with its slim bezel and silver, sunray-finished dial, the JLC Ref. Q4138420 combines true yet understated elegance, showing deep respect for tradition while exploring the latest watch innovations.

7. OMEGA SPEEDMASTER

The Omega Speedmaster always holds its value well, and in this case, the basic is the best. The Speedmaster Professional is the flagship Omega model, commonly known as the ‘Moonwatch’. The Ref. 311.92.44.51.01.003 has a sleek, all-black sporty look that signifies the Moon’s ‘Dark Side’. Furthermore, it reflects the brand’s bold style and forward-thinking watchmaking.

The black zirconium oxide ceramic dial with two sub-dials at 3 & 9 o’clock, striking white gold Moonwatch-style hands, and a polished ceramic bezel look unique.

One of the most easily identifiable features of the Ref. Ref. 311.92.44.51.01.003 is the chromium nitride tachymeter scale that immediately captivates attention. The deep black material looks lustrous. Such intense use of ceramics with other extraordinary features makes the watch a standout.

Every watch enthusiast who knows about the industry is keen on collecting this remarkable timepiece, making it an even better bet to invest in.

8. BREITLING

There’s hardly any watch fanatic who hasn’t taken an interest in the Breitling Navitimer Ref. 806 1959 Re-Edition, a limited edition timepiece. The model comes in a 41mm case and looks much similar to the Navitimer in 1952 with a steel case. The watch blends practical convenience with aesthetic case-making to give a fantastic result. The watch has an excellent design with three chronograph sub-dials, a slide-rule mobile scale and dial rings, and a bi-directional bezel. The scale of the Navitimer allows the pilots to calculate the fuel consumption and the airspeed. All these features make the iconic Breitling timepiece one of the best pilots watches made with a 70-hour power reserve.

The Breitling Navitimer Ref. 806 1959 Re-Edition watch is an exact recreation of the original. The only difference is that the brand has used Super-LumiNova instead of radium. The all-black dial is highly legible and looks unequivocally attractive while displaying a lot of information. Only 1959 pieces of this timepiece are available, making it even more worth investing in. The watch will surely secure a high value in the coming years.

CONCLUSION

Above, we have presented the watches that will secure you a high loan value. While the hype on the common brands continues, many collectors and enthusiasts will opt for the other unconventional brand names listed above. All the watches mentioned above qualify aesthetically and will be worth it when you need some financial help. Instead of outright selling, you can take loans on fine watches to generate quick cash.

At The Luxury Hut, the watch specialists offer INSTANT cash loans for any watch brands mentioned above. Start by filling in the online form to get a FREE quote and an immediate cash loan. The process is safe, secure, quick, and convenient to ensure 100% customer satisfaction. As one of the leading pawnbrokers in London, the experts aim to offer your luxury watch the best possible loan value at the earliest.

Also Read: Top 5 Watches with the Greatest Pawn Value

The Real Facts to know about Pawnshop Loans

October 7th, 2021

Pawnbroking is the oldest form of borrowing cash, and the evidence of its use dates back to more than 3,000 years ago. The process and idea are simple that worked well, and has stood the test of time. The Luxury Hut pawnbrokers London provides a simple, secure and hassle-free way to apply for a pawnshop loan. We always strive to ensure that the process is convenient as possible.

pawnshop loan

Are you thinking to apply for a pawn loan? Is it the first time? Then, you will surely have many questions about what a pawnshop loan is, how it works, what you need to have to get it, and more. So we have put together some commonly asked questions on pawnbroking to help you by taking you through all the basics.

What is a pledge?

A ‘pledge’ refers to any item of value that you used as security – also referred to as collateral -against a pawnbroking loan. It can be a luxury watch, gold, diamond jewellery, a car and more.

In pawnbroking, the concept of a pledge is that its value will be enough to cover the loan amount, interest or any cost outstanding in case the customer do not repay the loan for any reason.

When you repay the loan after the loan term ends, you will get back your pledge.

What is a pawnshop loan?

Pawnbroking is a quick, easy and secure way to borrow money against an item of value that you own. At The Luxury Hut, we lend against high-end luxury watches, diamond and gold jewellery or any gold item.

The loan amount you are likely to secure depends solely on the value of your collateral. Pawnbrokers will not check your credit score or how much you earn.

The maximum loan term is usually six to seven months. However, you can pay off the loan any time during your loan tenure and redeem your asset.

loan against rolex watch

What items can you pawn?

You can pawn virtually any item of value. However, the things accepted as collateral for a pawn loan typically vary from one pawnbroker to another.

At The Luxury Hut, you can secure a loan against luxury watches, diamond jewellery, loose diamonds and gold (jewellery, scrap gold or any gold item).

What are the benefits of pawnbroking?

Opting for a pawn loan is always a better choice than getting a personal loan. Why? Here are some of the significant advantages:

  • Get instant cash

A pawn loan gives you access to cash instantly, unlike other loan types that usually take a couple of weeks to approve. You will only need an item of value to keep as security.

At The Luxury Hut, we will appraise your asset and offer you a cash loan, even if your credit score is poor. Accept our offer and get paid on the spot.

  • Minimal paperwork

Unlike banks or any financial institutions, a pawnshop loan requires minimal paperwork for approval. Here at The Luxury Hut, we only ask for valid proof of identification to get into the agreement. And after you accept our loan offer, you will have to sign a pledge receipt that outlines your loan terms. That’s it.

From visiting our pawn shop in London, getting a quote, to walking out with your cash, the entire pawnbroking process may take as little as an hour to complete.

  • No credit checks

Pawnbrokers do not check credit score or how much you earn before approving a loan. As long as you have a precious item to use as collateral, you can opt for a pawnshop loan.

  • Retain your asset’s ownership

Pawnbroking allows you to retain ownership of your asset, and it significantly matters if you have a strong emotional attachment with the item.

What is the best time to pawn assets?

Whenever you need to secure some fast cash or in short-term financial needs, you can choose to unlock the value of your asset by getting a pawn loan. You can get a pawn loan and cash in your hand within a few minutes.

As we mentioned earlier, pawnbroking allows you to instantly borrow the money you need against a precious item without any credit check.

Moreover, you do not also have to go through a lengthy application process to get the loan. The asset you keep as security will determine the amount you can borrow from the pawnbrokers in London at The Luxury Hut.

loan against jewellery

How much does a pawnbroking loan cost?

Our interest rates vary from 4% – 6% per month. Take a look at the representative example given below –

Representative Example 1: Loan of £6000 borrowed for three months

Total interest for three months – £900

  • Total repayment – £6900
  • Monthly interest – 5.0%
  • APR 79.6%

Representative Example 2: Loan of £500 borrowed for one month

  • Total interest for one month – £30
  • Total repayment – £530
  • Monthly interest – 6%
  • APR 101.22%

How much can you borrow against a pledge?

The amount you can borrow and that we are willing to lend will depend on the value of your collateral. However, the minimum amount of cash loan you can borrow from The Luxury Hut pawnbrokers London is £300.

Fill in our online form providing all details on your asset. We will contact you immediately with a loan quote via phone or email. Alternatively, you can call us on 0207 242 9160 now for an instant valuation over the phone.

What is the maximum loan term?

At The Luxury Hut, the maximum term for a pawnbroking loan is seven months.

When can I redeem my asset?

You can retrieve your collateral at any time during your loan term, provided you pay off the entire loan amount and the interest due. We do not charge any early retrieval fees.

Will my item be safe while in pawn?

Yes. We will store your asset securely in our safe until you come back to repay your loan in full and collect it.

What if I cannot afford to redeem my asset? Will it affect my credit score?

If you cannot repay and collect your pledge within the agreed time for any reason, we can offer you a choice to renew your loan. This means we can extend your loan agreement for seven months for another seven months. You only have to pay the interest due at the end of the contract. And this will not affect your credit score.

However, it is recommended to repay and redeem your asset within the agreed loan term.

Are pawnbrokers regulated?

Yes. The Luxury Hut pawnbrokers in London are regulated by the Financial Conduct Authority (FCA). Thus, we abide by the applicable rules and guidelines issued by the FCA for pawnbroking. We are also a part of National Pawnbrokers Association (NPA).

For any further questions or concerns, you can contact us on 0207 242 9160.

© 2022 The Luxury Hut is a trading name of Golden Cash Limited. Authorised and regulated by The Financial Conduct Authority for pawnbroking. Registered in England as Golden Cash Limited. Registered Number is 07309335. Registered office address: Treviot House, 186-192 High Road, IIford, Essex, IG1 1LR.

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