When it comes to the loan for a watch, it is of course not about a watch that costs 100 or 200 USD. Such a watch can be bought by almost anyone who only needs the watch to know what time it is.
It is different with high-quality luxury watches, which are made of extravagant materials, have an innovative design and offer exclusive technology. Regardless of whether it is pilot, diver or world time, for watch collectors or fans there is nothing more exciting than owning such parts – as a rule you do not only have one watch.
Well-known watch manufacturers have exclusive watches in their range that not everyone can afford because they have a proud price that can be four digits. Some branded watch retailers now offer their customers the option of taking out a loan for a watch directly from them. But certainly not because it is common to finance a valuable watch, but rather to open up a clientele that expensive branded watches cannot actually afford.
Realize the clock dream with the credit for a clock?
Once again it shows that everything is possible in our consumer society. If you need a watch so that you always know what time it is, you can buy a watch for less than 100 USD and do not have to take out a loan for a watch. However, you should only buy an expensive branded luxury watch if you can also pay for it straight away. You simply don’t buy a watch on credit, because these are additional costs that don’t have to be. If you are absolutely keen on a specific watch, you can also save the money for the expensive brand watch.
Buy a valuable watch to give away on credit
Even if you want to give away a valuable watch because you know how much you want the watch, you should not be tempted to buy such an expensive watch on credit. There is always value behind the watch and a brand watch is also stable in value – unlike a flat-screen TV or a smartphone. But you still only buy such luxury items if you have the necessary change. Luxury is intended for people who can afford luxury and not for would-be rich people who want to be more sham than they believe and only need a watch to show off.
The debt trap can snap shut
Especially when you are in debt for luxury items such as a valuable watch or jewelry, it can quickly happen that you suddenly find that you can no longer make a living with your income because you have made too many loan commitments. If you have bought a branded watch on credit and are having problems with payment in installments, you can temporarily move the watch to the pawnbroker to pay the installments. But then you must not miss the time at which the clock has to be triggered again.