However, due to the price point I am considering buying a pre-owned one. (They received a big dial and color update in 2020.) There is an official Rolex retailer about 5 hours away from where I live and I am going to have a look there to try to find one I like. It really depends on whether the buyer is purchasing a watch, or the watch complete with the watch’s provenance. 116610 retails for a relatively reasonable $8,550, but like all covetable Rolex models you likely can’t walk into your local retailer and buy one. As soon as a brand new watch is purchased, it immediately becomes ‘pre-owned’, losing much of its value. People just bought stuff because it was well made, had a nice design, etc. 7 Benefits of Buying a Pre-Owned Rolex vs New Your choice to actually pull the trigger in any type of purchase really comes down to what you want. In addition to value, choosing a pre-owned timepiece can be a matter of style. Shop Pre-Owned. Buying Guide: The 6 Rolex Oyster Classic Models Oyster Perpetual. Similar to art, antiques, and other historical items, any extra item that contributes to the story of the piece increases its value. I bought my Rolex in 1979. Rolex. I guarantee for that 30 minutes you will be treated very well. While some people are perfectly comfortable wearing a popular newer style, “Vintage timepieces, like the Rolex GMT, are a rare opportunity to buy something you won’t see on everyone else’s wrist,” advises Smith. However, when purchasing a pre-owned Rolex, do Rolex papers matter? This was before the “yuppy” era and the rise of designer labels. Altieri says that a classic Rolex Submariner should ideally be serviced every five years, at a cost of about $500 a pop. I would like to spend about $10-15k on the watch and I am looking to buy a Day Date at the moment (however I am not 100% sure to the moment). The catch is that these vintage watches have been discontinued since many years back and are getting increasingly difficult to find – in particular in a good condition. If you have the spare cash to buy new, fantastic – go for it. Buying conditions. When you buy a pre-owned Rolex from a dealer, always make sure to ask about the warranty and their terms and conditions. Especially when you can only purchase online, the pre-owned Rolex watch might not be up to your standards. Many vintage Rolex watches have proven to be great investments over time. The Ref. When buying that first watch consider looking at the large UK pre-owned market. I would be the first to concede that there is something very special about walking into a Rolex Boutique and buying a brand-new watch. The first and most obvious reason why you should buy a used Rolex Submariner is because of the lower price. A benefit of buying used Rolex watches is that you can buy collectible vintage Rolex watches. With the necessary skill, training, know-how and special equipment on site, they guarantee the authenticity of each and every part of your Rolex, and can ensure its reliability over time. Rolex watches should be only purchased from Official Rolex Retailers, who are authorized to sell and maintain Rolex watches. As Eric lays both a pre owned and a brand new two-tone Rolex Yacht-Master II next to each other in front of the camera, he spells out the factors he uses to determine whether to buy new or used. Used or New – 3 Factors to Determine which Luxury Watch to Buy. Rolex Two-Tone Diamond Submariner Watch, $7,900 5. For a buyer of a pre-owned watch, this means you pay much less than the retail pricing and can get more watch for your money. Rolex’s most basic watch is also the direct descendant of the original Oyster watches that put Rolex on the world’s stage. These three-hand, time-only watches are as classy as they are sporty. Purchasing a Pre-Owned Rolex. 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