Use Your Audemars Piguet Watch to Raise Cash
Inflation has gotten many of us in a financial bind. If you are looking to get some extra income and have valuables in your home, such as an Audemars Piguet watch, you may consider going to a pawn shop for a loan. AP watches are bound to bring in a lot of money as prices have recently gone through the roof.
At this point, you may be thinking, a loan? At a pawn shop? Do pawn shops provide loans?
The answer is yes, pawn shops do provide loans and they are a lot easier to work with than a bank. Read on to find out how pawn shop loans work and how you can use your Audemars Piguet watch to access the money you need.
Audemars Piguet History
Audemars Piguet is a popular watch brand, but it’s not as much of a household word as say, Rolex. So, let’s find out what this luxury watch manufacturer is all about.
AP is a Swiss manufacturer of luxury watches and clocks. The company was founded by Jules Louis Audemars and Edward Auguste Piguet in Valle de Joux in 1875. It has been family owned ever since.
The company came out with many terrific designs, but they rose in the ranks after releasing the Royal Oak in 1972. It is considered to be the first luxury sports watch in the world. Its shape was inspired by driving helmets and it features exposed screw heads and a unique case design as well as an integrated bracelet.
Audemars Piguet is also known for creating the world’s first minute repeating movement for wristwatches in 1892. They developed the first skeleton watch in 1934. They have manufactured some of the thinnest watches in the world including the 1986 ultra-thin automatic tourbillon wristwatch.
Are Audemars Piguets a Good Investment?
AP watches are a great investment and are known to increase in value over time. Although the brand is not as well known as Rolex, it is reputable a provider of higher quality watches.
AP pays meticulous attention to detail in their watch manufacturing in a way that knocks Rolex out of the water. Their motifs and engraving make their pieces stand out from the pack.
An Audemars Piguet comes with a high price tag as compared to other luxury watches, but it holds its value well and offers a terrific resale value over time. As a matter of fact, the price of AP watches went up by 18% in 2021. And when the value of new watches increases, the value of used watches increases as well. This means this is a great time to get a loan for your AP watch.
Additionally, APs have timeless look that never goes out of style. That means you can buy one of their watches and sell it years later and it will still be on top of the current trends. They are worn by many celebrities which further adds to their appeal.
Which Audemars Piguet’s Should I Invest In?
Any Audemar’s Piguet can make a great investment, but there are some that will have greater payoffs than others. Here are a few to consider adding to your collection.
Royal Oak: As the model that put the company on the map, the Royal Oak will always make a terrific investment. First introduced at Baselworld in 1972, it was designed by Gerard Genta who is known for designing many other top of the line watches. It is considered the world’s first sports luxury watch. It is known for its exposed screwheads, its helmet inspired shape, its unique case, and its integrated bracelet.
The Royal Oak has come out in a variety of styles, and some are more likely to go up in value than others. For example, in 1992, the company celebrated the 20th anniversary of the Royal Oak’s release by releasing an updated design created by a young designer named Emmanuel Guiet.
The new model is known as the Offshore. The most notable change from the original is a larger case. The Offshore is one of the many valuable Royal Oak designs.
Other Royal Oak designs to look out for include:
The Royal Oak Jumbo Extra Thin 15202ST
The Rare 15202 Models (Salmon and Titanium)
Royal Oak + QP + Ceramic
The Millenary: AP’s Millenary watches came out in 1995. They are known for providing a 3D take on standard watch movement. They feature oval cases, a domed sapphire crystal and an off-center watch dial that provides a view of the balanced wheel. The company claims that their calibre 4104 is reversed so more components can be seen on the dial. All Millenary watches have the same case as well as a Damaskeening or Cotes de Geneve across the movement dial.
Jules Audemars: The Jules Audemars model is named after the company founder. It features the complications that made the brand famous such as tourbillon, perpetual calendar, and minute repeater. These models are also known for their circular faces.
Code 11.59: Code 11.59 watches were released in 2019 and they are the newest line of AP watches. They feature many unique characteristics such as a chapter ring with numerals depicting seconds for time only models, a tachymeter for chronograph models and a week indicator for perpetual calendar models. They also have crystal details which have a unique curvature that changes the way the dial appears at different angles. They have a three-part case design with an octagonal section in the middle.
Remaster 01: The Remaster 01 reinterprets AP’s rare chronograph watches of the 1940’s with updated technology and a more legible dial design. It is crafted with a two-tone combination of stainless steel and 18 carat pink gold. The self-winding chronograph features a column wheel and flyback function.
How a Pawn Shop Works
When we think of pawn shops, we typically think of businesses that buy items from the public and then sell them. But did you know that they also offer loans for these pieces? Here’s how it works.
Say you have a valuable item such as an Audemars Piguet watch. If you are dealing with a cash crunch, you may be tempted to sell it outright, but it’s likely you would rather not part with the item. After all, it’s quite lovely and it’s surely gained sentimental value over time.
A good solution may be to take it to a pawn shop for a loan. The shop will give you a cash loan for your item and you will be able to get the item back once the loan has been paid off.
Use Your Watch as Collateral for a Loan Instead of Selling it Outright
Here’s how the process works.
Simply go into a pawn shop with your watch. The salesperson will assess the value of the watch and offer you a loan for a percentage of the value. If you agree to the offer, you can leave the store with cash in hand.
The pawn shop will work out the terms of your loan, but it will basically involve you making regular payments with interest until the loan is paid off. Once you pay off the loan, you will get your item back in the same condition you loaned it in.
If you are unable to repay the loan, the shop will keep your item. However, the unpaid amount will never show up as a blemish on your credit history and it will never go into collections.
Why a Pawn Shop Loan is Better Than a Bank Loan
If you need a loan, you may also try a bank. But here’s why a pawn shop loan is better.
No Strict Requirements: A bank will want to see all kinds of approval qualifications including income, a credit score and more. With a pawn shop, all you need is an item of value, and you will get the money you need.
Same Day Approval: A bank will want to review your documentation which can drag out approval times sometimes as long as 1-2 months. With a pawn shop, you just go into the store, have a brief meeting with the salesperson, and you leave with cash in hand. The entire process takes just minutes.
No Stress with Collections and Credit Scores: if you default on a bank loan, you’ll have collectors hounding you for the balance. It will also hurt your credit score. A pawn shop may keep your item, but they will never get collectors after you and a lack of payment will not affect your credit score.
Why Boca Raton is the Best Option for Your Audemars Piguet Watch Loan
There are plenty of pawn shops that offer loans for luxury items, but if you are looking for a location in South Florida, Boca Raton Pawn is your best option. Here’s what we have to offer:
Low Interest Rates Boca Raton offers low interest rates that are never more than 24%. This keeps payments affordable.
No Fees or Penalties: We do not charge fees or penalties for early payment or for renewing your loan.
Long Repayment Terms: Unlike most alternative loans that are short term, BRP loans are never shorter than 60 days and some are a lot longer. This means you have plenty of time to pay off what you owe.
High Valuations: We offer the top dollar valuations for your items.
Private Appointments: At BRP, we understand that your finances are your business. We offer private meetings with clients looking to sell or loan. If you would like a private appointment, please call in advance to schedule.
Other Reasons to Love Boca Raton Pawn
Here are some other reasons why you’ll love BRP.
Knowledgeable Sales Staff: BRP specializes in luxury items. Our knowledgeable sales staff will help you find the items you are looking for. They will also fairly assess your goods to offer you the best possible values.
Great Selection of Affordable Goods: BRP buys and sells gently used luxury items. This allows you to find the designer goods you always dreamed of owning at affordable prices.
Shop Our Website: If you can’t make it into our store, you can always shop our website. We ship all over the United States.
What to Known Before Getting a Loan for Your Item
There are a few things to note when getting a loan for your item. These tips will ensure you get the best values for your goods.
Make Sure Your Item is in the Best Shape Possible: You will get a higher valuation for your item if you bring it in in good shape. Clean it well and make any repairs necessary before taking it in for a loan.
Bring Proof of Authenticity: BRP knows your item is real, but some buyers may not be so sure. Therefore, you will want to include anything that serves as proof of authenticity when you bring in your item. This includes a receipt, the original box, and any sort of certification from the company. Bringing these items may also increase the appraisal.
Get the Right Designers and Items: It’s advisable to check out the store you are thinking of selling or loaning to before you come in. This will ensure that they accept the item you are going to bring in. For example, BRP specializes in luxury handbags, jewelry, and watches. We also only accept certain designers. Please check our website before you come in to sell or get a loan to ensure your item is one that we are likely to carry.
Bring a Valid ID: A vaiid ID will be necessary in completing the transaction.
Audemars Piguet watches always make a great investment but their recent increase in value means now is a great time to sell or get a loan. BRP is the place to go for cashing in on your luxury item as we offer the best values, low interest rates, no fees and longer term loans. Contact us for a smooth transaction that will get you out of your financial rut in just minutes.