Let’s face it, luxury watches can be difficult and daunting to buy because the mass majority of them start at high price points. Most people looking to buy their favorite luxury watches on the market may simply not have the funds yet to buy the watch, but after doing some research on the many ways to buy a luxury watch on a budget, I finally found three amazing ways to help you buy a luxury watch you love without completely breaking the bank.
Buying a pre-owned luxury watch, purchasing a more affordable watch alternative, and financing a luxury watch are the most effective ways to buy a luxury watch on a budget.
In the rest of this post, I will be breaking down each method and explaining why they are the best ways to buy a luxury watch on a budget. I have seen all of these methods work for others, and I want to share them with you to help you buy a luxury watch that you love on a budget.
Why Are They The Best Methods To Buy A Luxury Watch On A Budget?
If you are passionate about luxury watches like me, you know that some timepieces on the market can be set at a really high price point and you may just not have the money to pay for it. Going through this feeling of not having enough money to pay for a luxury watch that you love and appreciate can be one of the worst feelings in the world, and it makes us wonder if we could ever get the watch for a cheaper price.
No need to worry, my friend! After searching through the internet for many ways to buy a luxury watch on a budget, I found three ways that I believe in and have worked better for others!
Buying a pre-owned luxury watch on a budget, buying a more affordable luxury watch brand, and financing a luxury watch are the three fantastic ways I found to purchase a luxury watch on a budget.
Buying a pre-owned luxury watch or buying a more affordable watch brand allows you to buy a beautifully made watch at a fraction of the price of a prestigious watch, and financing a luxury watch allows you to slowly buy the watch over time which is a much more viable option than paying a luxury watch in full.
Buy A Pre-Owned Luxury Watch
Buying a pre-owned luxury watch is one of the best ways to purchase a really nice watch on a budget. The mass majority of pre-owned luxury watches are in great condition, look just as if they are brand new, and are a much cheaper option compared to a brand new watch.
Think about buying a pre-owned luxury watch similar to buying a used car. Used cars are much more affordable compared to brand new cars, and it is the same with luxury watches. Since someone has already worn the watch, the overall price of the watch drops, which makes it more affordable.
To prove this, I looked through eBay for the past hour and searched for high-end luxury watch brands like Rolex, Omega, Cartier, Tudor, Tag Heuer, and more. More specifically, I looked for these pre-owned luxury watches from trusted sellers and top-rated sellers, and what I found was absolutely amazing.
I found beautiful pre-owned timepieces, which honestly looked brand new, priced at just a fraction of the original price point. It honestly put a big smile on my face and it just shows that this is a completely viable way to buy a luxury watch on a budget.
For example, when I was looking through eBay, I specifically looked for an Omega Seamaster. I love the Omega Seamaster because I appreciate the intricate details and craftsmanship put into the watch. On eBay, I found a brand new silver and blue Omega Seamaster watch and compared it to the exact same watch, but pre-owned.
The pre-owned Omega watch was half the price of the brand-new watch! The brand new one ran for around 4,000 dollars and the pre-owned one was around 1,900 dollars. This is just one example of a good deal that I found comparing one of the most popular watches out there and if you really search hard enough from trusted sellers with guaranteed authenticity, you can find even better deals with pre-owned luxury watches.
Buy A More Affordable Alternative
Buying an affordable alternative luxury watch is another fantastic way to buy a watch on a budget. If you look hard enough on other sites like Amazon, you can find a more affordable watch alternative that looks extremely similar to the high-end luxury watch brands.
The best part about buying a more affordable alternative watch is that it can fit any budget. Even if your budget is under $500, I am confident that you can find a cheaper option if you put in the time to look for one.
For example, I will bring up another example about Omega watches (because I love them so much) when I was doing my research earlier. I was looking through the real Omega watch website and I saw this gorgeous, silver, and rose gold “Co-Axial Seamaster” woman’s watch.
The watch is so beautiful and I can really see how much time was put into designing it. However, as I looked for the prices of this brand new watch, it cost thousands of dollars, and I realized that the vast majority of people simply do not have enough money to buy it even though they want it.
That’s when something clicked and I realized that I could probably find another watch brand that sells a watch similar to Omega on a different website. I looked all over Amazon, and I found a rose gold and silver Bulova watch that looked just as pretty as the Omega Seamaster, but for only around or under 300 dollars.
I felt like I was looking at a complete steal, to be honest with you: the watch had the same look and design as the high-end Omega watch for a significantly cheaper price. Even though it was not the exact watch or brand I was originally searching for, the affordable alternative can provide a very similar look and design to the high-end luxury watch.
Finance A Luxury Watch
One of the hardest parts about buying a luxury watch is that most people do not have the total money upfront to buy the watch in cash. However, a lot of people on a budget do have enough money to put a down payment on the watch and slowly pay it off over time. This is why financing a luxury watch can be a much better alternative because you pay the watch incrementally, which can be a much better option.
I would recommend financing if you are really passionate about the luxury watch you are looking at: if the luxury watch does not put a big genuine smile on your face or if you know you can find a cheaper option on the market, then I would recommend trying the other options first and leaving financing as a last resort.
One of the ways you can finance a luxury watch is to get a loan from the bank. You can go to the bank and ask for a personal loan for financing the luxury watch. While the bank may see this as risky, you can always talk them through, describe how much the watch means to you, and provide your credentials to help you get approved.
After looking more online to find ways to finance a luxury watch, I found a great website called “crownandcaliber.com” where you can choose the option to finance a luxury watch through their website. On this website, they offer plenty of the best-crafted luxury watch brands All you have to do is get pre-qualified and if they accept you, then you can slowly pay off a luxury watch monthly.
And on top of that, they give you the option to choose your own term: their shortest time option lets you finance a luxury watch over six months, and their longest option lets you finance the luxury watch over 36 months. The shorter the period, the more you pay monthly, and the longer the period the less you pay monthly.
This is obviously not the only website where you can finance a luxury watch. I recognize that most of the watches on the website come with authenticity papers and have some of the best-crafted watches in the world, but you can find plenty of other websites that offer financing as an option to purchase a watch.
A quick pro tip: If you do decide to finance your luxury watch and you can choose your term length, choosing a realistic time period for yourself is extremely important and you have to really choose wisely based on your income and savings.
If the monthly payment of financing a luxury watch will take up a massive part of your monthly income every single month, then it would be a much smarter idea to try another method mentioned in this post or choose a longer period so it’s a smaller expense in your budget.
One of the worst things you can do when financing a luxury watch is picking too short of a term, having it be too much of a monthly expense in your budget, and not being able to make a payment on time. If the term you pick is too short for you and you can’t make the payment because the expense is too high, then they might charge you even more or take the watch away from you, which is never a good thing.
This is why picking the right term for yourself and being self-aware is so significant. Financing a watch can be a great way to buy a timepiece that you love on a budget only if you do it correctly, but it can really hurt you if you do not know what you’re doing.
How I Would Buy A Luxury Watch On A Budget
Now I am going to explain exactly what I would do if I were trying to buy a luxury watch on a budget. If I had to choose one method to use out of the three that I explained in this post, I would personally choose the first option I talked about, which is to look for a pre-owned luxury watch.
I would look around eBay or Craigslist, and If I find the luxury watch I am looking for that’s pre-owned and set at a much more affordable price, then I would be content making that purchase because it gives me true happiness. However, if I do not find a high-quality pre-owned luxury watch, then I would use the second method of looking for a more affordable alternative.
Even though I really like the brand and the overall craftsmanship of the watch, I can find a watch that looks very similar to it at a fraction of the price on sites like Amazon. And if all else fails, I would use financing as my last resort to buy a luxury watch. If it is a watch that I really want and love, I would be content with buying the watch over time because it provides and happiness and value.
What To Take Away
There are several ways to buy a luxury watch on a budget, but buying a pre-owned luxury watch, looking for a more affordable alternative brand, and financing a luxury watch are the three best methods I have seen work through research and analysis.
An expensive price of a luxury watch should not stop you from buying: I firmly believe that each of these methods works for any budget whether it be under $200 to over $1,000. If you put in the time and try to use at least one of these methods, no matter which one you use, I believe you will find a watch that can fit your budget!