Pawn Your Watch at Lesca Gadai Premier, Here's How!

Do you enjoy collecting watches? If yes, this can be an investment and a solution when you need money urgently. How? One way is by pawning your watch.

Not many people know that watches can also be used as collateral for pawning. However, not all pawnshops accept watches as collateral.

To use your watch as collateral, there are certain requirements.

Here are the requirements and steps you need to take to pawn your watch or simply get an appraisal for its value.

Pawn Your Luxury Watch to Get Fresh Funds

When talking about luxury items, it's not just jewelry, vehicles, gadgets, or bags. Watches are also luxury items with many enthusiasts.

In addition to enhancing one's appearance and symbolizing social status for some, luxury watches can also be a solution when facing financial problems.

When there's an urgent need, you can pawn these valuable items.

In a short time, you can get cash. However, once again, the collateral item must be of high value.

Therefore, if you want to pawn a watch, ensure that it is of high value or from a well-known brand.

Currently, luxury watches are becoming more popular. Besides their function and beauty, they can also be short-term, liquid investments.

Many investors make profits through watch auctions, especially luxury watches in high-class auction communities.

Requirements and Steps for Pawning a Watch

Some watch brands that are suitable for collateral in pawnshops include Rolex, Patek Philippe, and Cartier.

Before you pawn your watch, there are two important things you need to check: how much money you need and the value of the item you are pawning, in this case, your watch.

The value of the collateral can be determined by the appraised value provided by the pawnshop, such as Lesca Gadai Premier.

It is usually adjusted according to the brand, condition, and other factors affecting the value of the item.

You can find out the appraised value when you visit the pawnshop and apply for a loan after filling out a form and showing the collateral.

You will be asked to provide information regarding the collateral.

From there, the estimated value will be given, along with the amount of cash loan you can get from pawning your watch.

To pawn a watch at Lesca Gadai Premier, there are several things you need to prepare and do, including:

• Prepare a genuine, not fake, luxury watch from a well-known brand.
• Proof of purchase from the authorized outlet.
• A photocopy of your latest or valid e-KTP (Electronic ID).
• A photocopy of your Family Card (KK).

Next, visit the Lesca Gadai Premier office or contact us via phone or WhatsApp to apply for a loan by showing your collateral for appraisal.

If the collateral is accepted, you will fill out a loan form according to your ID card, specify the loan amount based on the appraised value, and sign it.

Once the loan is approved, you will receive the loan certificate, which you should keep to avoid late payments or pay off the loan within the specified time.

You will receive the cash loan on the same day.

You can pay the installment via bank transfer.

If you cannot pay off the loan within the specified period, you can extend the contract by paying the capital rental fee or interest.

If you have any questions or are unclear about the process, don't hesitate to contact our team, who is always ready to assist you.

Examples of Watch Brands That Can Be Pledged

If you want to pawn a watch to obtain a significant cash loan from a pawnshop, you can use watches from the following brands as collateral:

1. Cartier Watches

Cartier is a well-known watch brand accepted by pawnshops.

The elegant design and various technological innovations that offer sophistication make this brand highly regarded.

Moreover, some older or rare editions can fetch a high appraisal value based on market demand.

Some Cartier models that can yield a high appraisal include Santos Triple 100 (new), older Santos models, Tonneau, and the Tank series.

If you have any of these, they could become a valuable short-term investment asset.
 

2. Rolex Watches

Another famous brand is Rolex. When it comes to luxury watches, Rolex is the first brand that comes to mind.

This is not without reason, as Rolex consistently releases high-end watch series that have successfully stuck in the minds of consumers.

This brand is a favorite among investors, auction houses, and pawnshops because it consistently has high demand and stable value.

Some of the most special Rolex series include Daytona, Submariner, and Rolex GMT.

Make sure to take care of your Rolex watch so that when needed, it can provide a high appraisal value.
 

3. Patek Philippe Watches

This brand is believed to have the most collectors. This means it has a high demand.

That is why pawnshops are willing to offer high appraisals for Patek Philippe watches.

Some popular models in high demand include Qalatraa, Aquanaut, Nautilus, and Jaeger Lecoultre.
 

4. Audemars Piguet Watches

Compared to the previous three brands, Audemars Piguet is not as well-known.

However, older models of Audemars Piguet are highly sought after. Therefore, pawnshops are willing to provide high appraisals for this brand.

Audemars Piguet is one of the largest luxury watch brands in the industry.

Although it may not be as familiar as Rolex, its exclusivity and luxury are beyond doubt.

Some of the most popular and liquid models from this brand for investment purposes include Royal Oak, Jules Audemars, and Millenary.

Take good care of your watch's proof of purchase and ensure your luxury watch is well-maintained.

By doing so, it could become a solution to obtain funds quickly by pawning this brand.

That’s some information regarding pawning watches and how to determine their appraised value to meet your financial needs.

We hope that this information helps provide a solution to your current financial issues.

Luxury watches not only make your appearance more elegant but also serve as a great investment at the same time.