Rolex Boca Raton
Rolex watches have been a status symbol for the last 50 years. Their design is so recognizable that just wearing one on your wrist directs attention from others. It shows other people that you’ve made it on some level. Spending multiple thousands of dollars on a watch must mean you have some disposable income. Right? Well, not necessarily. You can be like many of us who buy a pre-owned Rolex Boca Raton instead.
I saw on Tyler Shields’ Instagram account last week that someone bought him a Rose Gold Rolex Day Date 2. I couldn’t help but wonder how much was spend on it. I know the retail price is $37,550 but if you shop around for a used one you can find them in the high $20,000’s. You can save close to $10,000 buy buying a used Rolex Boca Raton instead of a new one.
The best thing about Rolex watches is how they hold their value. Buy a watch for $10,000 today and maybe sell it in 50 years for a nice profit. Of course if you account for inflation you will probably end up losing money on the watch, but what other asset besides a house actually goes up in value? Cars depreciate the second you drive them, electronics change seemingly every week. But a luxury Rolex watch? That might actually go up in price over time.
If you are ever in the market for a luxury watch, think about buying one pre-owned. You will save in the short term and you might make money in the long term.
by, Seth Marcus at Boca Raton Pawn
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