Wednesday, August 31, 2011

PreOwned Watches- Are They as Good as New?

Not everyone can afford a luxury watch that is brand new. However, you may be able to save a great deal of money with a preowned one (although some watches are so collectable they are actually more expensive than if you had bought it preowned). You do have to take the time to evaluate what is offered, though. Make sure you aren’t getting a fake replica that is being passed along as the real thing.

Preowned watches can be as good as new if they have lots of life still in them. Many people take very good care of these luxury watches. This means that when they sell their old watch to get another one, they are offering for sale a watch that has been well maintained. Others sell because they really need some cash coming in. For example, CNN Money reported that there is a marked increase in small business owners pawning their luxury watches to meet payroll.  They just can’t keep it due to their financial circumstances. If you can pick up a used luxury watch that is being sold for these reasons, you could bring home quite a find.

If the used luxury watch is in very good condition, then it can offer you the same value as a new one at a much-reduced price. So where do you find such watches?  Online marketplaces like eBay and Amazon have a huge selection of preowned watches.  You can also look at pawn shops, Craigslist, and some jewelry stores.  Take the time to research the reseller.  Make sure they are reputable.  And, especially if the seller is an individual, ask for a certificate of authentication number and the serial number stamped on the back of the watch.  You can verify that data with the manufacturer to ensure that the watch is real. 
    
There are some good deals out there for used luxury watches, but you have to know how to look for them. By researching at PriceAdvice.com, you can find out of the watch is appropriately priced.  By checking the price against the PriceAdvice bell curve and average market price, you’ll be able to sort the “great deals” from the “not worth that much deals”.  And since PriceAdvice only provides you with watches that are at or below market value, if you decide to buy online through PriceAdvice you can rest assured that any watch you buy will be a good deal.

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