In a world where handheld technology holds dominance and the time can be carried along in the same device that encases an endless portal of information – one would think watches would become a redundant accessory of a bygone era. However here they still sit – comfortably on the wrists of those that appreciate the combination of beauty and flawless mechanics that makes such items completely timeless. Watches do not just display the time – they are a statement.
Here at Almagrove we truly understand not only the financial value of a watch but the sentimental and personal value it holds too. That’s why the safety and condition of your assets are our utmost priority. You can rest assured that when borrowing with us – your treasured timepiece will return to you in the same prime condition we received it in.
Looking to borrow against your watch?
Loans against assets are a great way to release the value of your item without having to say goodbye to it. Your credit rating is of no relevance so there’s no need for credit checks or endless reams of paperwork. Our fees are completely transparent, and interest is only charged up until the date of your repayment with no late charges.
The current market for fine watches is at an all-time high so if you’re looking to borrow against a watch, or even sell, then you’ll be able to garner the ultimate worth of your timepiece’s value. With almost thirty years’ experience in the luxury watch industry – Almagrove has the knowledge and expertise to accurately assess the value of your watch in no time at all.
Our Application Process
Borrowing against a valuable item such a luxury watch should always be done cautiously. It’s always preferential to find an accredited, long established pawn broker with a solid reputation for discretion. We are proud to say that Almagrove fits the bill as snugly as the watch on your wrist. Our impeccable service ensures confidence in your decision to entrust your assets with us.
Having bought, sold and valued watches since 1994 with our family run company Watch Buyers ltd – horology is a speciality of ours. We’ve worked with watches from hundreds of different brands such as Jaeger-LeCoultre, Audemars Piguet, Patek Phillippe, A.Lange & Söhne, Cartier, Rolex and many more prestigious designers.
Whether it’s contemporary, antique or vintage – our wealth of watch knowledge from some of the nation’s top watch experts guarantees that your item will be valued faultlessly and maintained as if it were our very own.
How do we Value your Watch?
When valuing your watch, we take into account many different factors to deduce an accurate appraisal.
Manufacturer – The Manufacturer of the watch is of great importance in the valuation process. As is with most products – high end luxury brands are able to attain a higher price due to their notoriety and prestigious reputation.
Age – The age of a watch reflects many things which can help us execute a precise appraisal of the asset. Modern watches have a tendency to hold a higher value than antique and vintage pieces. However, antique and vintage watches hold a greater chance of being rare therefore more valuable to collectors.
Condition – Evaluating the condition of your watch is vital to determining it’s financial worth. Scuffs, scratches and other aesthetic damage can dramatically affect its value.
Just as missing items may decrease the value – extra items can vastly improve it. The original box would drastically improve its allure to a discerning collector.
Loan Disclosure: APR and Terms
- Our minimum rate of APR is 18.8% . Our maximum rate of APR is 61.5%. Representative APR: 40.15%
- All loans are for a fixed maximum period of 6 months.
- No minimum repayment periods. You can repay early at any time with no penalty fees.
- Representative Example: Total credit: £5000. Loan term of 6 months. Annual Interest rate: 42% (fixed). Interest for 6 months: £1050. Amount repayable in one installment: £6050.00
- Risk Warning: If the loan is not repaid, the assets may be sold. Your asset covers the whole debt and you will receive any surplus after sale if the loan is not repaid. You will not be liable in the case of any shortfall between the amount that you have borrowed and what the assets are sold for at disposal.