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For those who are unaware, Pawnbroking has been on the scene for a very long time. But it is equally true that recent years have seen a steady surge in the world of Pawnbroking. Wondering why?
Well, today, people are in search of ways to earn quick money or make a short-term investment. Therefore, what better than unlocking the monetary value of their assets like expensive watches, jewellery, or even fine art!
The pawnbroker sign is primarily visible on the high street, and it signifies a place where the customers can quickly get collateral loans against their valuable items. When looking online to find a trustworthy place, you might come across numerous options. Multiple companies are promising to offer you the best prices in the market. But is it so?
Over the years, The Luxury Hut has established itself as an efficient and trustworthy name in the world of Pawnbroking. The experts offer loan against watches and jewellery at the best possible market value.
Also Read: The Real Facts to know about Pawnshop Loans
In current times, people have been more attracted to luxury watches. Be it for their beauty, functionality, or history; the watch industry has spotted a significant rise in popularity. Several investors are making quick money by selling and buying watches, mainly at the high-end auctions.
If you have a high-end watch, you have a source of collateral for drawing quick loans. When looking to raise funds, one of the most obvious questions is whether to sell or pawn. The choice you make depends on two key factors:
Hence, contemplating pawning or selling, you must make an informed decision.
Top 5 reasons are:
Try and think pawning your watch as a type of loan rather than a typical sell. When you bring your valuable product, for example, a watch, to a pawn shop, they will access the value of your item. However, it would be best if you took it to a genuine store to avoid complications.
With The Luxury Hut pawnbrokers in London, you can be rest assured to get the best competitive price. Moreover, they ensure to maintain a transparent way of conduct with the customer.
Unlike a traditional sell, the item, in this case, is only temporarily held by the pawnshop. This means you can easily claim it back once your need is satisfied. The sooner you can repay the loan, the sooner you get the item back. Of course, you have to pay a minimal interest amount for a couple of months. But that is a much feasible option in comparison to the sentimental value it holds.
At the Luxury Hut, the interest rate varies from 4%-6% per month.
For instance, you borrow a loan of £6000 for 3 months
Now, for instance, you borrowed a loan of £500 for 1 month
One of the best reasons to visit a pawnbroker for pawning your watch is that you will receive a more competitive offer. The professionals access the value accurately. Moreover, since they are well-versed with the current secondhand market scenario, they will make you strong offers on your luxury watch.
Do you want to get into all the financial stress of loans and banks? If the answer is no, then you probably already know the next best option! Not just that, at The Luxury Hut, the pawnbrokers do not carry out any credit check before lending you the money.
You can quickly contact the expert pawnbrokers at The Luxury Hut where they have laid out a simple process to make the process easy flowing.
The 3 steps include:
The pawnbrokers in London need to abide by the rules of conduct stated by the FCA. As per the rules, the customers who enter into a pawn loan agreement get entitled to a 14 days extended period. In this case, if they change their mind or deny the contract within 14 days, they are charged with no amount.
The Luxury Hut is regulated and authorised by the Financial Conduct Authority for pawnbroking.
Are you aware of the value of the classic watch which you might have just stashed away at your home? Well, there are some particular luxury watch brands whose value may be just more than just a beautiful item to store.
Below listed are Top 5 watches that are a valuable asset to use against pawn.
When you think of the most popular and luxurious watch brand, many will automatically quote Rolex. Since they retain a large portion of their retail value, the pawnshops love to buy the Rolex watches. This means that it’s an added advantage if you have a Rolex watch.
Due to their high-quality manufacturing, expert craftsmanship, and stature, these expensive watches can act best to give you short-term security during financial needs. However, some specific models will reach a higher loan price than the rest, such as the Rolex Submariner, Rolex GMT, and Daytona. If you own a Rolex model in excellent condition, expect to receive a decent sum of the amount why you need it the most!
If you were unsure whether or not you can pawn your valuable Audemars Piguet watch, be rest assured that the very name suggests class and incredible luxury. This luxurious watch brand tags itself as one of the biggest names in the watch industry. The older models of this brand are growing in popularity and demonstrate a notable ability to retain their worth. Hence, they make an excellent option for loans.
Guess what? Today more and more people are willing to borrow or buy the Audemars Piguet watches to raise quick cash. Also, some specific models indeed are more desirable than others. For instance, the Jules Audemars, Royal Oak, and Millenary collections are sure to be higher.
When you think of a Cartier watch piece, you think of luxurious aesthetics, innovative watch engineering, and sophistication. A few older models are growing in popularity, especially those that are more difficult to come by. This is what makes them a popular asset for collateral in asset loans.
A few of the most notable Cartier brands with a higher impact on the market include the Santos, Tank, and Tonneau series. Moreover, the latest version of the Santos (Triple 100) released in 2008 is the first-ever Cartier with a rotating-dial mechanism.
If you ever consider pawning your Patek Philippe watch piece, look no further than The Luxury Hut. The watch experts are passionate about luxury collectables and will be happy to offer you the best possible price for any model in any condition. Also, they conduct no credit checks before lending the money.
Being considered one of the most collectable brands, the Patek Philippe is an attractive asset to pawn.
Some models that can fetch you a higher loan amount are:
Jaeger Lecoultre is one of the finest Swiss luxury watch manufacturers creating fine watch pieces since 1833. The watches are valuable for their quality and refinement. The brand’s reputation is cemented based on its accuracy and style. Some of the best running models of all time include:
The watch experts at The Luxury Hut offer loans on Jaeger Lecoultre watches based on the item’s current market value. After conducting a quick inspection, the team will offer you a free instant quote.
You can also book an appointment by calling them 0207 242 9160 to visit their office in Hatton Garden, London.
Pawnshops are great. After all, they function as the reliable one-stop sources for quick cash. But how do you get the most money out of your valuable item? The answer varies depending on several factors, such as:
The pawnbrokers in London at Luxury Hut are specialists in assessing your classic timepiece. They carefully advise you on the various factors and determine the accurate value depending on the market trends. Of course, each luxury brand has its unique features and identity that influences the watch’s value. But with them, you can expect to get your desired loan amount.
Additionally, if you do not have the watch related papers and documents, do not worry, as the experts will still proceed with the cash loan.
At The Luxury Hut, the team appreciates the beauty and elegance of luxury watches. If you choose to pawn your watch with them online or via appointment, be ready to experience some of the key benefits like:
Christie’s Rare Watches New York: Online auction opened on November 24 and will continue until December 10. However, the star lot of the auction is known to be a double-signed Patek Philippe 1463R of 1950.
Undoubtedly, the auction market showcased unexpected sales amidst the global pandemic. Rare and one-of-its-kind luxury watches like this Patek featuring at Christie’s auction have changed the auction market.
The Patek Philippe Reference 1463R is estimated to fetch between £2, 99,894 and £4, 49,427. A watch of this reverence would generally have been sold in physical sale stores. But it is being sold at online-only auction as conducted by Christie’s.
Many auction houses conducted the in-person sale in Geneva and Hong-Kong in recent months. But with the increasing numbers of COVID-19 cases, New York imposed several restrictions.
Want to raise instant cash? Get a loan against your watch now.
Christie’s New York Rare Watches Online auction is featuring a unique Patek Philippe Reference 1463. The auction house elucidates this Patek watch as a creation from one of the golden periods of the brand.
However, two things made this Reference 1463 more unique and desirable.
Patek Philippe launched the Reference 1463 in the early 1940s. And it was continuously in production until the late 1960s. However, the watchmaker is known to produce only 21 examples of this chronograph each year.
Also, the iterations were made mostly in stainless steel or yellow gold. And among all, the rarest one is pink gold. Patek Philippe has made a total of only 145pieces.
More interestingly, only nearly 55 examples of the Reference 1463 are known to have been identified publicly to date, as reported by Christie’s.
Besides the Patek Philippe Reference 1463, another watch that will undoubtedly capture your attention is a Rolex Paul Newman Daytona Big Eye Panda Dial from 1971. Encased in steel, the timepiece is estimated to fetch between £2, 24,317 and £3, 73,942.
Christie’s Rare Watches New York Online auction is also featuring a Patek Philippe Perpetual Calendar Chronograph of 1976. This Patek Philippe Chronograph Reference 24997 in 18ct gold has an estimate from £2, 61,798 to £3, 36,570.
For those who are looking to get access to fast cash, get in touch with the trusted pawnbrokers in London at The Luxury Hut and pawn your watch.
Fill up our online form, providing all details of your luxury timepiece and get a free loan quote shortly. Or call on 0207 242 9160 to book an appointment and visit our office in Hatton Garden, London.
Getting a loan against watches from The Luxury Hut is straightforward and hassle-free. Whether it is online or via appointment, we will make the process quick, secure and convenient for you.
However, you may want to pawn a Rolex or get a loan against watch of any other elite brands. Nevertheless, you are likely to receive the highest amount of cash loan against it. No credit checks or obligation.
If you are happy with our loan offer, sign a pledge receipt and get paid instantly.
It is natural or maybe, a common fact that every individual needs fast cash at one time or another.
Whether you want to invest in an asset or to pay off your electric bills, you may run out of money.
In such a hard-up situation, ideally, the easiest way is to consider pawning any luxury asset with a trusted pawnbroker and borrow against it.
The Luxury Hut pawnbrokers in London have many years of experience in the pawnbroking industry.
When it comes to getting a competitive cash loan offer against a luxury watch, diamond or gold jewellery, we are the only name to trust.
We work with some of the most professional evaluators in the UK. They can determine an accurate price of any luxury watches and precious jewellery that customers want to pawn your asset with us.
However, as one of the most trusted pawnbrokers in London, we always strive to make the pawnbroking process more convenient than it has been ever.
Thus, pawn your luxury watch or jewellery with us today and raise instant cash without any obligation.
The assets that are considered as collateral for a pawn loan vary from one pawnbroker to another.
With The Luxury Hut pawnbrokers London, you can pawn your asset like luxury watches, diamond and gold jewellery.
Our expert evaluators have years of experience and knowledge in the pre-owned luxury watches and jewellery industry.
We continually keep track of the changing market prices, be it is of a precious metal like gold or luxury watch like Rolex.
Thus, you are likely to receive the most updated and fair amount of credit loan against your luxury watch or any precious jewellery piece.
Moreover, you can pawn more than one item at a time with us at The Luxury Hut.
The Luxury Hut offers a quick, secure and straightforward way to pawn your asset and raise instant cash.
You can choose to pawn your Rolex watch or a diamond ring online in London or via appointment from anywhere in the UK.
Regardless, we will make the process smooth and hassle-free for you.
However, you only have to provide us with valid proof of ID to enter the agreement.
The maximum tenure of a pawnbroking loan is typically six to seven months. Once your loan term ends, you can redeem your collateral paying off the original loan amount and the interest due.
You do not have to pay any monthly charges. Moreover, you can also retrieve your asset anytime within your contractual period without paying any early redemption charges.
The Luxury Hut pawnbrokers London assess every item precisely and determine an accurate price of it.
However, we take into consideration many factors when determining how much your asset is worth.
The factors include condition, age, brand, metal, gemstone (if any), rarity, box and papers (if any), and also current market price.
The condition is one of the most significant factors that we consider while deciding on the final cash loan amount that we are willing to lend on the collateral.
If your asset is in good condition, it is likely to fetch you a higher value.
Thus, experts recommend taking care of a luxury watch or any kind of precious jewellery to maintain its condition.
However, the best way to know how much you can borrow against your asset is by – filling up our online form. You will receive a free no-obligation quote immediately via phone or email.
The Luxury Hut pawnbrokers in London aim to beat any high street pawnbroking rate.
Or call us on 0207 242 9160 for an instant appraisal over the phone or to book an appointment.
When it comes to raising instant cash for your watch, two of the common and more convenient options are to sell your watch or pawn your luxury watches.
A luxury watch works more than a mere time-telling device that typically retains a higher resale value with time. Now:
Whether you want to pawn your watch or sell it outjustify, the choice will significantly depend on how much emotional value your asset holds or how much you wish to raise.
Does your watch hold much sentimental value? Are you looking for a short-term credit option?
If yes, then deciding on to pawn your watch and getting a secure collateral loan from any trusted pawnbrokers in London or anywhere in the UK is ideally a more viable option for you.
Your pawnbroker will hold your luxury asset temporarily. Once you pay back the original loan amount and the interest due, you will get back your item.
So, the first question that may come to your mind is “where can I pawn my watch?”
The Luxury Hut offers a quick and secure way to pawn a luxury watch and get an instant cash loan.
We provide loan against watches of elite brands like Rolex, Omega, Breitling, Audemars Piguet and many others.
A few advantages to pawning your timepiece at a high-end pawn shop watches like The Luxury Hut, include:
Pawning a watch with the professional pawnbrokers at The Luxury Hut is simple, secure, and straightforward.
The maximum loan tenure is usually six to seven months. You will not have to pay any monthly charges until the contract ends.
We charge only the interest for the loan months you borrow for. For example, if you borrow cash for one month, you will have to pay interest at the end of month one when retrieving your asset and so on.
However, customers can pay off the loan any time within the contract period, paying back the loan amount along with its interest due.
You can rest assured that your collateral will be stored safely in our secure vaults within the contractual period.
Moreover, The Luxury Hut typically provides 14days cooling off time after a loan term expires. Customers have to draw out the agreement within this time, paying the interest for the loan term.
However, if you fail to redeem your collateral within this time, we may also help you to renew your loan, getting you a new contract.
Thus, pawn luxury watches with us at The Luxury Hut with full confidence.
Call us now on 0207 242 9160 for an immediate appraisal over the phone. Or fill up our online form today and get the most competitive quote for your luxury watch.
© 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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