October 27th, 2021
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 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.
Also Read: High Street Pawnbrokers: A Trusted Lifeline for Many Borrowers
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.
Also Read: Why Choose Us as Your Trusted Pawnbrokers in 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:
Also Read: Deal with the Leading Watch Shop in London to Buy, Sell & Pawn Luxury Watches
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