The holiday rush is right around the corner, with Black Friday and Cyber Monday deals already hitting inboxes across the country. The pressure is on to take advantage of once-a-year discounts, which might not always align with your payday or the status of your bank account. That’s ok, it creeps up on us too. Instead of selling assets you love to create cash flow or putting this year’s shopping on a high-interest credit card, we have another solution: same day secured loans. By using a luxury watch already in your collection as collateral, you can access same-day cash, and it’s completely confidential and secure.
Don’t drain your savings or accrue long-term debt. Fund your holiday shopping within a few hours while keeping full ownership of your watch collection.
Why Luxury Watches Make Powerful Collateral
Rolex, Patek Philippe, Audemars Piguet, Richard Mille, Omega, and Hublot are just a few of the brands we accept here at Qollateral that are also consistently in demand. That means they’re also relatively easy to authenticate and hold their value well, which makes them very strong assets for secured loans.
And since these loans are non-recourse, borrowers face absolutely no personal liability. That means if you choose not to repay the loan for whatever reason, it will not affect your credit score or personal finances. Qollateral will simply use the watch to repay the loan. Most clients want to maintain ownership of their watches. The freedom to safely choose between the two is a large part of what makes using a luxury watch as collateral for a loan a great option this holiday season.
How To Borrow Against My Watch: Complete Step-by-Step Guide
Step 1: Identify your watch. That means finding the reference number, serial number, and any paperwork or parts associated with it.
Step 2: Send info on your watch to Qollateral for a preliminary quote.
Step 3: Bring your watch in or send it to us via our secure shipping solution to appraise it. We will provide an official loan offer at this time.
Step 4: Funding. Get paid immediately after accepting the loan terms.
Step 5: Shop with confidence! With cash in hand, you can now take advantage of the season’s best holiday deals.
What Are Same Day Collateral Loans, Anyway?
Same day secured loans are a type of short-term loan backed by a valuable asset. So, instead of using your credit score and financial history to secure a loan through other means, like at your local bank, you will use the value of your asset. That means bypassing credit checks and waiting several days to get approved. Short-term loans can be completed on the same day, which is a great option for anyone preparing for the holiday rush.
Why Same Day Watch Loans Are Perfect For Black Friday and Cyber Monday
Black Friday and Cyber Monday come and go in the blink of an eye. Which rules out traditional funding this year, as it’s already only days away. Limited drops and lightning deals on items such as travel packages, luxury goods, and electronics are often gone before other lenders can even finish an application.
That’s where watch loans come in. They allow you to:
- Take advantage of lightning deals and flash sales
- Keep a close eye on price drops for travel deals and other experiences
- Buy high-demand items before they sell out
- Avoid maxing out credit cards, which can come with 20 – 30% APR
Benefits of Using a Luxury Watch as Collateral for Loan vs. Other Options
Still on the fence? Let’s break down the benefits of a short-term loan against some of the other options out there.
- Compared to credit cards: No impact on your credit score, no high-interest balances, and no long-term debt.
- Compared to selling: Keep ownership of your watches, retain any possible future appreciation, and avoid seller’s remorse.
- Compared to bank or personal loans: No credit check, no income documentation, same-day funding, simpler terms, and fewer hoops to jump through.
Holiday Shopping Strategy: Smart Liquidity, Not Stress
Take advantage of the season’s best deals without draining your savings, taking on any unnecessary debt, or parting with something meaningful to you.
Here’s a few quick strategies:
- Study major purchases ahead of time and keep your eye on any price changes
- Compare deals you’ve got your eye on vs. your loan cost
- Schedule your loan repayment around holiday bonuses or future income
- Use extensions only when necessary
- Consider your watch as a short-term liquidity tool, not a last resort
Security & Peace of Mind: Your Watch is Fully Protected
At Qollateral, we immediately place your watch in a high-security, climate-controlled vault inside the International Gem Tower in New York City. It stays securely stored and untouched until you pick it up at the end of your loan. We insure and monitor every watch around the clock.
Our entire lending philosophy centers around keeping your assets safe. Our clients continue to trust us because we treat every watch with the same level of care as they do.
Final Thoughts: Don’t Miss Out on the Year’s Best Deals
With Black Friday and Cyber Monday come some seriously great deals, but only if you have access to flexible funds. Secured loans give you that flexibility, and without long-term debt, stress, or selling a watch you might want to keep in your collection.
Contact us now to get ahead of the rush.
Call or text: 212-287-5257
Learn more about lending at Qollateral by visiting our resources page.
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