New vs. Used Rolex

New vs. Used Rolexes Long gone are the days when you could walk into an authorized retailer and buy a new Rolex at an affordable price. What was once known as the first waterproof watch company is now known as the premier luxury watch manufacturer. It is still possible to obtain one of these functional luxury pieces affordably. Although not a certified retailer, Malak Jewelers sells pre-owned Rolexes at low prices, and we also offer financing options. As Rolex gained traction and became more popular, prices increased, and supplies were limited. Now you’ll find that their watches sell out quickly. To get many of the Rolex watch models, you must join a multi-year waitlist. The decrease in the availability of Rolexes is precisely why the pre-owned market for watches is booming. The pre-owned watch market is massive; you can find any watch you desire for less money than a brand new model. Used Watches Price/Value Like other luxury goods, Rolexes lose value the second they are purchased. A used Rolex will typically be worth 80-90% of its original value. This decrease in price means that more expensive models are now an option for many buyers. If you purchase a pre-owned Rolex, it will likely decrease in price, but not as much as a new Rolex. Some pre-owned Rolexes don’t decrease in price. Less common models (typically older models and limited releases) retain value and can sometimes increase in value. Many factors determine whether the value of a Rolex will increase or decrease after it’s purchased: the condition, the rarity of the watch, the state of the market, and more. However, the typical trend for a pre-owned Rolex is that it will decrease in price. Availability As mentioned earlier, the availability of new Rolexes is minimal. The pre-owned Rolex market is thriving, and virtually all Rolex models are available pre-owned. Rolex discontinued several models and colorways to make room for new products over the years. Most of these discontinued Rolex models are available on the pre-owned market. Quality/Durability Rolexes are known for their timeless look as well as their durability. People often pass down their Rolexes to their children or grandchildren; they become heirlooms. These simple watches are built with durability in mind; they are three-hand watches that occasionally include calendar functions. The fewer functions your Rolex possesses, the less likely it needs repair. Even used Rolexes can last a lifetime if taken care of properly. New Watches Price/Value There are two main reasons to buy a new Rolex from a certified retailer: to receive the accredited retailer experience and to be the first owner of a Rolex. Although this may sound appealing, it’s not necessarily worth the price difference. Many buyers would love to experience going into a certified retailer and picking out their favorite Rolex, but it’s not that simple. Rolex models sell out quickly, leaving only a few models to retailers. Many buyers want to be the first owner of their Rolex to have a sentimental connection with the watch. While this makes sense, a used Rolex can hold as much history. Finding the perfect used Rolex can be as fulfilling as buying one new. As mentioned before, the value of a new Rolex will decrease by almost 20% after being purchased. A used Rolex will reduce by significantly less after being bought. Availability The availability of new Rolexes depends on which model someone is seeking. Some of the more popular models like the Submariner can be found easier at certified retailers, while other models are scarce. It is essential to know which model you want and its availability before buying a used or new Rolex. Quality/Durability If you want to buy a Rolex in flawless condition, you must purchase your Rolex new. This Rolex will likely last an entire lifetime. Used Rolexes can still last a lifetime and come in near perfect condition, but the only way to guarantee a factory new product is by buying a new Rolex. If you have any more questions about buying Rolexes, new or pre-owned, come to Malak Jewelers at the Arboretum Shopping Center in Charlotte, North Carolina. We will be happy to help you find the perfect Rolex for you.