{"id":2466,"date":"2021-10-21T04:55:05","date_gmt":"2021-10-21T04:55:05","guid":{"rendered":"https:\/\/exceptionaltiming.com\/?p=2466"},"modified":"2022-08-02T04:15:26","modified_gmt":"2022-08-02T04:15:26","slug":"is-financing-a-watch-a-good-idea","status":"publish","type":"post","link":"https:\/\/exceptionaltiming.com\/is-financing-a-watch-a-good-idea\/","title":{"rendered":"Is Financing a Watch a Good Idea?"},"content":{"rendered":"\n<p>Prefer to listen to us read this article? Click below!<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"ast-oembed-container \" style=\"height: 100%;\"><iframe title=\"Is Financing A Watch A Good Idea?\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/Nb4IYZgHab8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>In today\u2019s world, <a href=\"https:\/\/exceptionaltiming.com\/9-ways-to-know-if-an-omega-watch-is-an-original\/\">watches<\/a> are more than just a timepiece. They symbolize <a href=\"https:\/\/exceptionaltiming.com\/heres-what-your-watch-brand-says-about-you\/\">fashion<\/a>, luxury, professionalism, and punctuality. Buying an expensive <a href=\"https:\/\/exceptionaltiming.com\/do-big-watches-look-good-on-small-wrists\/\">watch is a big<\/a> decision and should be handled with great care, especially if financing is being considered.&nbsp;<\/p>\n\n\n\n<p><strong>For those who <a href=\"https:\/\/exceptionaltiming.com\/8-ways-to-know-if-a-watch-will-increase-in-value\/\">value<\/a> a brand-name watch and have financial means to purchase a watch, financing at 0% interest can be a good idea. Those desiring the status an expensive watch brings can find value in financing a watch. However, those without ample finances should not finance a watch.<\/strong><\/p>\n\n\n\n<p>Because a <a href=\"https:\/\/exceptionaltiming.com\/why-are-watches-called-watches\/\">watch<\/a> can say a lot about you, it\u2019s important to know when to get one and if you should finance it. Read on to see if it\u2019s a good idea for you to <a href=\"https:\/\/exceptionaltiming.com\/should-you-ever-buy-a-watch-without-papers\/\">buy a status watch<\/a>. Keep in mind that this is not financial advice and is for educational purposes only.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Status of an Expensive Watch<\/h2>\n\n\n\n<p>Purchasing a <a href=\"https:\/\/exceptionaltiming.com\/why-are-new-watches-always-set-to-10-10\/\">watch<\/a> is often a symbol of an accomplishment or of obtained success. Many businessmen look forward to the day they can finally afford a <a href=\"https:\/\/exceptionaltiming.com\/8-reasons-why-its-worth-buying-a-second-hand-rolex\/\">Rolex<\/a>. A <a href=\"https:\/\/exceptionaltiming.com\/9-reasons-why-rolex-watches-are-so-hard-to-find\/\">Rolex<\/a> for them signifies much more than knowing the time. This brand-name <a href=\"https:\/\/exceptionaltiming.com\/9-reasons-why-patek-philippe-watches-are-so-expensive\/\">watch<\/a> can signify one\u2019s status to those around him and can hold significant meaning for the wearer.&nbsp;<\/p>\n\n\n\n<p>Expensive <a href=\"https:\/\/exceptionaltiming.com\/watch-on-wrist-intro-guide-and-tips\/\">watches<\/a> can symbolize wealth and luxury. <a href=\"https:\/\/www.wsj.com\/articles\/your-watch-says-more-about-your-status-than-you-think-11566933401\" target=\"_blank\" rel=\"noreferrer noopener\">The Wall Street Journal<\/a> says that traditionally it was crucial to choose your watch carefully. There is an old adage that says you should never wear a more <a href=\"https:\/\/exceptionaltiming.com\/how-much-does-a-wrist-watch-cost\/\">expensive<\/a> watch than your boss. But in today\u2019s world, choosing the perfect <a href=\"https:\/\/exceptionaltiming.com\/how-to-know-if-a-samsung-watch-is-an-original\/\">watch<\/a> is less important although it still signifies wealth and luxury.<\/p>\n\n\n\n<p>While smartwatches have increased in popularity, expensive <a href=\"https:\/\/exceptionaltiming.com\/are-mechanical-watches-worth-it-8-things-to-know\/\">mechanical watches<\/a> have become all about status. The <a href=\"https:\/\/exceptionaltiming.com\/12-reasons-why-samsung-watches-are-so-expensive\/\">watch<\/a> you wear tells observers what class you are in. Expensive <a href=\"https:\/\/exceptionaltiming.com\/ways-to-get-watches-cheap\/\">watches<\/a> are often worn for attention or to boast a high income. This can give you credit among wealthy businessmen, or come across as frivolous.<\/p>\n\n\n\n<p>Because watches say so much about our finances, wearing an <a href=\"https:\/\/exceptionaltiming.com\/8-reasons-why-seiko-watches-are-so-expensive\/\">expensive<\/a> watch in certain situations can be a faux pas. For example, in an interview, a potential employee doesn\u2019t want to flaunt their wealth before the interviewer. Wearing something a little more modest could be a smart move.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Benefits of Financing<\/h2>\n\n\n\n<p><a href=\"https:\/\/exceptionaltiming.com\/reasons-why-watches-are-expensive\/\">Buying<\/a> things on credit is often looked at in a negative light, but it does have benefits. The greatest benefit to financing a <a href=\"https:\/\/exceptionaltiming.com\/how-to-calculate-your-watch-price-to-salary-ratio\/\">watch is the potential to secure a price<\/a> before it rises. Sometimes watch prices fluctuate and <a href=\"https:\/\/exceptionaltiming.com\/are-watches-cheaper-in-switzerland\/\">buying<\/a> one sooner could mean a less expensive watch. If you do not have the financial means to <a href=\"https:\/\/exceptionaltiming.com\/buying-a-watch-for-a-child\/\">purchase<\/a> a watch, financing becomes an option.<\/p>\n\n\n\n<p>When financing for the <a href=\"https:\/\/exceptionaltiming.com\/are-watches-cheaper-in-singapore\/\">price<\/a>, you need to make sure interest won\u2019t negate the discount. For example, most watch <a href=\"https:\/\/exceptionaltiming.com\/authorized-watch-dealer\/\">dealers<\/a> will offer 0% interest financing on shorter-term loans for those who qualify. If you get a 0% interest plan, you might be saving by <a href=\"https:\/\/exceptionaltiming.com\/how-much-do-watch-salesmen-and-dealers-make\/\">purchasing<\/a> your watch sooner. If, however, your plan comes with interest, you may end up <a href=\"https:\/\/exceptionaltiming.com\/should-you-ever-spend-more-than-10k-on-a-watch\/\">spending more on your watch<\/a> than you would have if you had waited to buy.<\/p>\n\n\n\n<p>Of course, this isn\u2019t the only benefit of financing. The obvious benefit is that you get the product sooner. In addition to that, your <a href=\"https:\/\/exceptionaltiming.com\/7-reasons-apple-watches-are-so-expensive\/\">expense<\/a> is divided over a larger period of time, making it seem more manageable to pay off.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">When is it a Bad Idea to Finance a Watch?<\/h2>\n\n\n\n<p>While there can be <a href=\"https:\/\/exceptionaltiming.com\/benefits-of-wearing-a-watch\/\">benefits<\/a> to financing, there are also some things to watch out for. As mentioned above, financing with interest can increase the cost of your <a href=\"https:\/\/exceptionaltiming.com\/how-many-watches-should-a-man-own\/\">watch<\/a> significantly. In addition to a higher <a href=\"https:\/\/exceptionaltiming.com\/5-reasons-why-hublot-watches-are-so-expensive\/\">cost<\/a>, financing puts you in debt. If there are sudden changes in your finances, not paying off the debt can <a href=\"https:\/\/exceptionaltiming.com\/guide-to-watch-maintenance\/\">damage<\/a> your credit score and will leave you with financial stress.&nbsp;<\/p>\n\n\n\n<p>A watch is a luxury item, so it\u2019s smart to avoid making any financial commitments that may be <a href=\"https:\/\/exceptionaltiming.com\/how-tough-are-g-shock-watches\/\">hard<\/a> to keep. Because a <a href=\"https:\/\/exceptionaltiming.com\/8-reasons-why-omega-watches-are-so-expensive\/\">watch<\/a> signifies a wealth status, giving the impression that you have plenty to spend on accessories can be a bad idea for those struggling to afford them. If you are incorrectly assumed to be in a high wealth class, it may also be assumed that you can afford other luxuries which you then may be pressured to participate in.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">When Should I Buy an Expensive Watch?<\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/137773222_m-1024x903-1.jpg\" alt=\"\" class=\"wp-image-2468\" width=\"500\" height=\"441\" srcset=\"https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/137773222_m-1024x903-1.jpg 1024w, https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/137773222_m-1024x903-1-300x265.jpg 300w, https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/137773222_m-1024x903-1-768x677.jpg 768w, https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/137773222_m-1024x903-1-250x220.jpg 250w, https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/137773222_m-1024x903-1-550x485.jpg 550w, https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/137773222_m-1024x903-1-800x705.jpg 800w, https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/137773222_m-1024x903-1-204x180.jpg 204w, https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/137773222_m-1024x903-1-340x300.jpg 340w, https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/137773222_m-1024x903-1-567x500.jpg 567w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/figure><\/div>\n\n\n\n<p>In an age where telling the time is easy enough to do, owning a <a href=\"https:\/\/exceptionaltiming.com\/8-reasons-why-galaxy-watches-are-so-expensive\/\">watch<\/a> means much more than knowing the time. A watch can say a lot about you if you take <a href=\"https:\/\/exceptionaltiming.com\/how-often-do-watch-batteries-need-to-be-replaced\/\">care<\/a> in choosing a good watch.<\/p>\n\n\n\n<p>Ultimately, <a href=\"https:\/\/exceptionaltiming.com\/best-place-to-buy-a-watch\/\">buying<\/a> a watch should be up to the one desiring the watch. If you have an appreciation for nice <a href=\"https:\/\/exceptionaltiming.com\/are-apple-watches-cheaper-duty-free\/\">watches<\/a> and you want to get one, you should make it a goal to get one. It may not be smart to finance a <a href=\"https:\/\/exceptionaltiming.com\/how-to-choose-the-best-wrist-watch-size-for-you-9-tips\/\">watch<\/a> right away, but if you can comfortably afford a watch and you know you could pay it off even if something changed with your finances, you should go ahead and get a watch, whether financing or not.<\/p>\n\n\n\n<p>If you are looking at fancy <a href=\"https:\/\/exceptionaltiming.com\/21-reasons-why-audemars-piguet-watches-are-so-expensive\/\">watches<\/a> for the status, but you are in a spot where you could only afford one by financing, it is better to wait. <a href=\"https:\/\/exceptionaltiming.com\/7-reasons-why-richard-mille-watches-are-so-expensive\/\">Watches<\/a> don\u2019t have the same status value that they used to. As noted above, <a href=\"https:\/\/exceptionaltiming.com\/why-smartwatches-are-expensive\/\">smartwatches<\/a>, which are less expensive, have become quite popular, so you have no need to compete with the other watches in the office.&nbsp;<\/p>\n\n\n\n<p>When we <a href=\"https:\/\/exceptionaltiming.com\/buying-a-watch-online\/\">purchase<\/a> something, we are trading time and effort for that thing. If you <a href=\"https:\/\/exceptionaltiming.com\/does-a-watch-retain-its-value\/\">value<\/a> a watch enough to put the required time and effort into affording one, you should buy the watch you\u2019ve been eyeing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financing a Rolex<\/h2>\n\n\n\n<p>For some, owning a <a href=\"https:\/\/exceptionaltiming.com\/is-it-a-good-idea-to-buy-a-rolex-from-a-pawn-shop\/\">Rolex<\/a> isn\u2019t about status. For some, a <a href=\"https:\/\/exceptionaltiming.com\/how-to-choose-the-best-rolex-size-for-you-9-tips\/\">Rolex<\/a> is a physical representation of accomplishment and success. If this is you, make a goal to <a href=\"https:\/\/exceptionaltiming.com\/buying-a-second-hand-watch\/\">buy<\/a> a Rolex.&nbsp;<\/p>\n\n\n\n<p>If you want a <a href=\"https:\/\/exceptionaltiming.com\/are-rolex-watches-overpriced\/\">Rolex<\/a>, you should find an Authorized Dealer near you. They will be able to help you <a href=\"https:\/\/exceptionaltiming.com\/guide-to-choosing-the-right-watch\/\">choose the watch<\/a> that best meets your needs and wants. Most dealers offer financing and even 0% interest. If you make a down payment of 20-50% and have a loan time from 6-12 months, you should be able to get 0% interest. <a href=\"https:\/\/exceptionaltiming.com\/are-nurses-allowed-to-wear-wristwatches\/\">Work<\/a> with your Authorized Dealer to complete the sale and enjoy your new Rolex!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prefer to listen to us read this article? Click below! In today\u2019s world, watches are more than just a timepiece. They symbolize fashion, luxury, professionalism, and punctuality. Buying an expensive watch is a big decision and should be handled with great care, especially if financing is being considered.&nbsp; For those who value a brand-name watch [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2467,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[15],"tags":[],"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1.jpg",1024,731,false],"thumbnail":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1-150x150.jpg",150,150,true],"medium":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1-300x214.jpg",300,214,true],"medium_large":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1-768x548.jpg",768,548,true],"large":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1.jpg",1024,731,false],"1536x1536":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1.jpg",1024,731,false],"2048x2048":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1.jpg",1024,731,false],"wcicon":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1-48x48.jpg",48,48,true],"wcsquare":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1-300x300.jpg",300,300,true],"wcsmall":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1-250x178.jpg",250,178,true],"wcstandard":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1-550x393.jpg",550,393,true],"wcbig":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1-800x571.jpg",800,571,true],"wcfixedheightsmall":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1-252x180.jpg",252,180,true],"wcfixedheightmedium":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1-420x300.jpg",420,300,true],"wcfixedheight":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1-700x500.jpg",700,500,true],"wccarouselsmall":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1-210x150.jpg",210,150,true],"wccarousel":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1-400x285.jpg",400,285,true],"wcslider":["https:\/\/exceptionaltiming.com\/wp-content\/uploads\/2021\/10\/126116747_m-1024x731-1-1024x500.jpg",1024,500,true]},"uagb_author_info":{"display_name":"Jasper Highfield","author_link":"https:\/\/exceptionaltiming.com\/author\/exceptionaltiming_fzy3cb\/"},"uagb_comment_info":0,"uagb_excerpt":"Prefer to listen to us read this article? Click below! In today\u2019s world, watches are more than just a timepiece. They symbolize fashion, luxury, professionalism, and punctuality. Buying an expensive watch is a big decision and should be handled with great care, especially if financing is being considered.&nbsp; For those who value a brand-name watch&hellip;","_links":{"self":[{"href":"https:\/\/exceptionaltiming.com\/wp-json\/wp\/v2\/posts\/2466"}],"collection":[{"href":"https:\/\/exceptionaltiming.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exceptionaltiming.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exceptionaltiming.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exceptionaltiming.com\/wp-json\/wp\/v2\/comments?post=2466"}],"version-history":[{"count":53,"href":"https:\/\/exceptionaltiming.com\/wp-json\/wp\/v2\/posts\/2466\/revisions"}],"predecessor-version":[{"id":7558,"href":"https:\/\/exceptionaltiming.com\/wp-json\/wp\/v2\/posts\/2466\/revisions\/7558"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/exceptionaltiming.com\/wp-json\/wp\/v2\/media\/2467"}],"wp:attachment":[{"href":"https:\/\/exceptionaltiming.com\/wp-json\/wp\/v2\/media?parent=2466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exceptionaltiming.com\/wp-json\/wp\/v2\/categories?post=2466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exceptionaltiming.com\/wp-json\/wp\/v2\/tags?post=2466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}