A name synonymous with history and innovation, Rolex is considered to be the epitome of luxury watches. Masterfully crafted and beloved by millions across the world, there’s nothing quite like the feeling of having a Rolex adorn your wrist.
Buying your first Rolex is often seen as recognition for success, a reward for achieving personal or professional goals. That being said, the brand has a reputation for being expensive, which could dissuade some people from taking that plunge and making a purchase.
If you’re wondering how to afford a Rolex, the good news is that there are actually quite a few avenues for you to explore. From browsing the second hand watch market to securing a finance agreement, you certainly won’t be short of opportunities if you’ve got your eye on a particular dream watch.
Can I Afford a Rolex?
Before thinking about how to afford a Rolex, the first question you should address is whether you can achieve the goal at all. While owning such a prestigious luxury brand is certainly something to be proud of, it’s not worth putting yourself in financial difficulty over.
If you do decide that a Rolex is outside of your price range, it certainly doesn’t mean you can’t enjoy the feeling of owning a luxury watch. Brands such as Tudor or Bremont provide a much more affordable option, without having to sacrifice style or quality.
How Can I Buy a Rolex?
Once you’ve established that purchasing a Rolex is within your means, the next thing you need to think about is how you’re going to achieve it. Thankfully, it could be easier than you might think.
We’ve put together our top five tips for how to afford a Rolex and make your dream of owning one of the world’s most prestigious luxury brands a reality. Here’s our advice:
Save Up for a New One
Perhaps the most obvious way to afford a Rolex is by putting aside some money and creating a “Rolex fund”, with the objective of purchasing a new model outright. Doing this will enable you to work towards your end goal bit by bit, without putting yourself under too much strain. On top of that, you’ll be able to walk away with a brand new luxury watch and feel a real sense of achievement on the other side.
There are two potential downsides to this approach, however. The first is that you could be waiting quite a while for the funds to build up to an adequate amount, leaving your desired goal just tantalisingly out of reach for a long period of time. Another fly in the ointment is the fact that new Rolex watches are extremely difficult to come by. The company deliberately limits its production to inflate demand, so you could have a hard time getting your hands on one.
Our next tip regarding how to afford a Rolex is to shop for preowned models. Buying second hand luxury watches is a fantastic way to obtain your desired timepiece at a fraction of the price of getting it new. The preowned market is also incredibly buoyant at the moment, so you should have no trouble purchasing the model you desire.
If you do decide to go down the second hand route, it’s essential you shop with a reputable dealer. While there are other options, such as auction sites like eBay, you are more likely to receive a poor level of service and could even end up unwittingly buying a fake.
Working with a company that has a reputation for quality ensures you’re purchasing the genuine article, often with the relevant paperwork enclosed. You can also be confident you’re receiving the backing of people who understand the luxury watch market inside-out, and can assist you with whatever query you may have.
Look at Finance Options
Another option at your disposal is to take advantage of finance deals. This enables you to walk away with your dream watch immediately, while paying for it in easy instalments. A reputable broker should have a number of packages available, with different rates of interest depending on how long you wish to spread out your payments.
In addition, the broker is likely to offer a streamlined application process that makes the process of obtaining your watch as hassle-free as possible. They should also have solid working relationships with reliable finance providers, so you can be completely confident that you’re in safe hands.
Part Exchange Your Old Watch
If you’re already a watch aficionado, you may already have the answer to how to afford a Rolex at your fingertips — or on your wrist, to be more specific. You may have a timepiece you’ve fallen out of love with, or would rather trade in to buy something new.
A part exchange service could therefore be the perfect opportunity. Combining the processes of buying and selling into one neat package, this option involves sending your existing watch for valuation and obtaining funds to put towards a new timepiece. The offer you receive for a part exchange is also likely to be better than you’d get if you sold it outright.
Purchase an “Entry-Level Watch”
The final way you can afford a Rolex is to go for entry-level models. These options are considerably easier on your wallet than some of the most expensive products, while also providing you with all the quality and ingenuity you’d associate with the famous Swiss manufacturer.
Examples of entry-level Rolex watches include:
Within these prestigious collections, you’ll be spoilt for choice with timepieces of different sizes, colours, and specifications. In this case, cheaper certainly doesn’t mean sacrificing quality.
Why Buy Your Rolex from Blowers Jewellers
If you’re wondering how to afford a Rolex, look no further than Blowers Jewellers. With over 50 years of experience in the luxury watch industry, we’ve cultivated a strong reputation for excellence and providing a high-quality service.
Because we believe that everyone deserves to own their ideal timepiece, we strive to make the process of buying a second hand luxury watch as straightforward as possible. We always keep our prices extremely competitive, ensuring you get the best deal around.
We’ve also partnered with V12 Retail Finance, one of the UK’s most renowned providers of finance options, to give you the chance to spread out the cost of your purchase. With 0% interest available over six months, or a minimal rate if you’d like to pay over a longer period of time, you can walk away with your dream watch without breaking the bank.
The final way we make the conundrum of how to afford a Rolex more straightforward is via our part exchange scheme. Simply send in your unwanted timepiece and we’ll provide you with a market-leading valuation to put towards your desired watch. For more information about how we can help, contact our team today.