Are you dissatisfied with your old Rolex? Perhaps your timepiece is in need of servicing, or maybe it has too many scratches and needs to be professionally polished. Alternatively, maybe you have simply grown tired of wearing the same old watch. Is there also a new Rolex on your wishlist? Or how about a luxury watch from another brand?
If so, the best option is to trade in your used watch against the price of a new model. In this blog post, we explore some of the common questions that customers have about the trade-in process.
What is the Trade-in Value of My Rolex?
The easiest way to find out the trade-in value of your used Rolex is to use Jaztime’s free Trade-In Request Form.
The exchange value of your watch depends on several factors, of course. There are big differences between the value of the various Rolex collections. If you have one of the cheaper Rolex models, such as the Oyster Perpetual, Air King or Explorer I, the trade in value will certainly be less than it would be if you are looking to trade in one of the most popular models, such as the Submariner, Daytona, GMT-Master II or Datejust 41. Meanwhile, Rolex Day-Date President watches tend to retain their value quite well over time.
In most cases, you will receive a better deal by trading your old watch in directly for a new watch than you would by selling your used Rolex first and then buying a new watch separately.
Where Can I Swap My Old Rolex Near Me?
Obviously everyone would love to have the option to trade in their watch with a local authorised dealer. The problem, however, is that Rolex does not buy back or part exchange used watches. Finding a local pawn shop or jeweller that is willing to buy a Rolex and that has the exact watch you want to trade for is also very difficult. Plus, there is another problem in that many pawn shops will not offer you anything like true market value for your watch.
For this reason, the best option for the vast majority is to use an online trade-in program.
Trade Up Your Rolex Watch
It is quite common for customers of ours to want to switch brands and trade their Breitling, Tudor or Omega watch in for a Rolex. A swap of watches from different brands is certainly possible. However, most people over-estimate the value of their watch, because Rolex watches retain their value better than almost any other brand.
Depending on the model, the trade in value is likely to be only 25 to 40 percent of the original price you paid for your used Breitling, Tudor or Omega. Meanwhile, the price level of those brands is, in general, lower than for Rolex timepieces anyway. As a result, when trading up, you will still need to cover much of the cost of your new watch.
Trade Down Your Rolex Watch
Of course, alternatively, you can also trade down in terms of value and even get some cash in addition to your new watch. For example, if you exchange a valuable Patek Philippe, Audemars Piguet or Panerai watch for a Rolex or Omega, the trade in value of your old watch may be higher than the cost of your new watch. The same is also true when trading in a valuable Rolex for a less valuable Breitling or Tudor watch.
People may opt to trade down for a variety of reasons. It may be that you want some cash, but still want to own a luxury watch. It could also be that you prefer the look of a watch that just happens to be less valuable. In any case, you can use our free Trade-In Online Form to receive a value estimate within a few business hours.
