Should You Pawn or Sell Your Invicta Watch?

February 21, 2020 - Jewelry & Luxury Items

Founded in Switzerland in 1837, Invicta has made a name for itself as a quality watch brand.

Although reasonably priced when compared to premier brands, it offers the same excellent standards of manufacture and great styling. This means that used Invicta watches hold their value.

Should you find yourself in the situation where you need to release some cash urgently, selling or pawning your Invicta watch could be a quick and easy way to get it. To learn more, read on.

Pawning Used Invicta Watches

Pawnbrokers are individual businesses, so there’s no rule when it comes to whether they will or won’t give a loan based on an item. Some may choose to only lend money when very high-value watches are taken to them, such as a Rolex or Cartier watch. For others, the more accessible Invicta will be an option. The only way to find out is to find a shop with used Invicta watches for sale or to go in and ask.

Preparing for Sale

To maximize your Invicta Watch value, there are a few steps you can take. These will help show the item in its best light to the pawnbroker.

  • Clean it. Use Isopropyl alcohol and a toothbrush to get your watch free of grime and shining.
  • Replace the battery – a working watch is worth more than one that needs a $3 battery.
  • If you have it, put the watch in the original box and bring any receipt of guarantee. If you don’t have the paperwork, do the research to find out which model it is before you go. You’ll save the pawnbroker a lot of time, and ensure you get the best price.

How Much is an Invicta Watch Worth?

You will probably put a high value on your watch, whether that is a sentimental value or because of what you paid for it. It’s unlikely that you will get anywhere near that value from a pawnbroker.

Pawnbrokers are like any other business, they have to make money. Around 15% of people who take out loans don’t go back to retrieve their items, so the pawnbroker needs to be sure they can make their money back by selling the item. That’s one of the factors that go into the calculation of their offer price.

Reclaiming Your Item

When you deposit your watch with the pawnbroker, you will be given a time frame by which you should have repaid the loan. Before that time, you will need to visit the shop and make your payment – the pawnbroker will then return the watch to you.

If you are unable to make a payment then the watch will become the pawnbroker’s property. They will then sell the watch, to reimburse themselves for the money they have loaned you.

Is Pawning the Right Solution?

You should think about whether getting a short-term loan based on your property is the best way to raise the cash you need. Be realistic about your ability to repay the loan in time.

David Stiebel

David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.

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