Month: April 2019

Why Should You Not Open a Watch Yourself?

Many people tend to open their luxury watches themselves usually for two reasons. One is, to change the quartz battery or assess any water damage, second, to check out the serial or model number of the watch. Regardless of any reason, you may have for opening a timepiece; the asset can be exposed to unnecessary damage and expensive repairs.

Thus, the popular question that many luxury watch owners often ask is ‘Should I open a watch myself?’ or ‘Will opening a watch myself depreciate its value?’

While watch experts do not recommend opening a luxury timepiece yourself, the straightforward answer to the above question is you should not open your watch yourself as it is likely to depreciate its value.

A luxury watch should be indeed only be operated on by a specialist watchmaker or professional pawnbrokers London. Why? This is because they possess the necessary experience, knowledge and more significantly, the right equipment to disassemble, reassemble as well as repair a watch.

OPENING A WATCH CAN LEAD TO SIGNIFICANT DAMAGES

The sturdy construction, expensive components and intricate complications enable a luxury watch to last for a lifetime. Indeed, a luxury watch requires proper care as well as regular servicing to let them retain its value as much as possible. Eventually, like many others, you can use your watch as collateral and take out a pawn loan from trustworthy pawnbrokers in London or ‘pawnbrokers near me’ during short-term financial needs. You are likely to obtain a higher amount of credit loan for a luxury watch in good working condition.

However, while luxury timepieces attain outstanding durability and reliability through their brilliant craftsmanship, the high-quality materials used in designing their case contribute a lot to their sustainability. The watch cases are durably constructed to prevent the movement from any intervention of dust, moisture and other unnecessary particles.

Most luxury watchmakers purposefully design their watchcases in such a way that only a skilled hand with the specialised tool can open it, thereby preventing unauthorised openings. However, once you open your watch, it needs to be appropriately sealed again, and only a watch professional with the necessary skills and tools can do it correctly.

Otherwise, your timepiece will get exposed to moisture and dust. Keep in mind that a single drop of water in the movement can cause significant damages. Moreover, you are likely to break your watch’s warranty once you open it. Many watch cases come with moisture sealing stoppers that are specific to every watch model. These gaskets need replacement every time you open the watch.

However, while opening and closing a case, you may even dent or scratch the bezel, case, crystal or crown. All these aspects can significantly influence your watch’s actual value. If you opt for a pawn loan using this watch as collateral, your trusted local ‘pawnbrokers near me’ or professional pawnbrokers London may take into consideration all these factors before determining the final credit loan amount they are willing to lend against your asset.

WHY SHOULD A WATCH PROFESSIONAL ONLY OPEN A WATCH?

Professional watchmakers, watch dealers and experienced pawnbrokers in London or any other big city have the requisite experience, skills as well as proper tools to repair, disassemble and reassemble any luxury watches. They meticulously examine all essential aspects of a watch like its bracelet, crystal and movement while servicing. A luxury watch requires servicing every five to ten years to ensure optimal performance and accuracy for many years to come.

The watch professional will disassemble the movement, inspect every component for wear and tear and also, replace the old parts with original components (if necessary). Each component is cleaned ultrasonically, and the movement is greased to reduce friction and damage.

BEST WAYS TO MAINTAIN THE VALUE OF YOUR WATCH

Here are some quick tips for retaining and also, to appreciate your watch’s value:

  • Store the watch securely when you are not wearing it
  • Have your watch serviced every five to ten years and keep its service receipts
  • Keep the original box and papers of your watch in good condition as it will verify your asset’s authenticity.

For those who are wondering ‘what is the value of my pre-owned watch?’ Get in touch with your trustworthy local ‘pawnbrokers near me’ or pawnbrokers London like at The Luxury Hut. Professional pawnbrokers have years of experience and rich knowledge of the second hand luxury watch industry. To get started, fill up their online form and get a fair price quote for your watch.

How Can I Get A Loan From Pawnbrokers Near Me?

Typical high street pawn shops have considerably evolved over the last few hundred years. Although pawnbroking is one of the oldest and popular ways of borrowing cash, it has today become more professional and accessible than ever before. More and more people are recognising pawn loans as a more flexible method of borrowing and eventually, are turning to trustworthy ‘pawnbrokers near me’ or pawnbrokers in London.

If you are looking to take out a pawn loan to turn up some fast cash, continue reading below to find out how you can get a loan without any hassle from ‘pawnbrokers near me’.

  • Find an asset to pawn

The first and foremost thing to consider when opting for a pawn loan is finding an asset to pawn. A pawnbroking loan is a secure and convenient way to raise instant cash, using anything valuable you own as collateral. Although the assets accepted as collateral typically vary from one pawnbroker to another, any jewellery items that hold value like a gold ring and a diamond necklace, gemstones and luxury watches are universally accepted.

Whether it is an antique ring or a vintage watch, you can choose to pawn any antique or vintage jewellery items with your trustworthy local ‘pawnbrokers near me’. Ideally, as long as your asset holds value and is authenticated, your pawnbroker will accept it as collateral and make you a credit loan offer.

  • Choose a trustworthy pawnbroker

Now that you have selected the asset(s) you want to pawn, it’s the time to choose reliable pawnbrokers near you to ensure you are getting the best possible deal. Take a few minutes and search online for professional and trusted pawnbrokers in London or any other big cities. When choosing the right pawnbroker to get a loan, it is essential to check whether the FCA or Financial Conduct Authority regulate them. All high street pawnbrokers in the UK are required to obtain a license to trade from FCA.

  • Get a valuation

Well-established and professional pawnbrokers are today working to make the process of borrowing money more straightforward and convenient. Simply fill up the online form of the pawnbroker you have chosen to deal with, providing all details about your asset as much as you can. You will receive a price quote shortly. You can then decide to arrange an appointment to visit the office of your respective pawnbroker for a more detailed valuation. Or, carry out the transaction online, sending your asset and its relevant documents (if any) via a secure and insured delivery envelope that you may be provided.

  • Accept your loan offer

Your pawnbroker will assess your item precisely and make you a credit loan offer. Although you bear the right to accept or decline your offer at this point, make sure that you are taking the right decision. Before you proceed, take a minute and discuss the loan terms with your pawnbroker, go through the terms and conditions (especially, if applying online), so that you can apprehend what you are offered.

If you are satisfied with your given valuation and want to proceed, sign on the credit agreement that outlines the amount you have borrowed and your repayments. You will receive your cash immediately via your preferred method of payment. Thus, for those who are looking to turn up fast cash, get in touch with your trustworthy ‘pawnbrokers near me’ and take out a pawn loan without any obligation and hassle.

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