This article was written and contributed by journalist Simon Lazarus, a published writer in several key markets including the UK, Europe and the US.
Ever wanted to wear the ultimate timepiece for a fraction of the price? Well all your luxury watch dreams can become a reality thanks to UK based Watchfinder.
You will be able to rent out from their impressive stable of more than 1,000 stunning items. Launched in 2012, this initial pilot initiative could provide the ideal alternative for those wishing to discover a Patek Philippe, Tissot or Hublot under the Christmas tree this year.
With luxury goods hire all the rage from supercars to high end designer dresses, this idea proves that watches are also at the forefront of premium hire accessories.
In spite of the clamour for high end pieces, Watchfinder are at present limiting rentals to around 30 trusted members who have an impressive track record of purchasing these luxury items.
So what’s exactly the inspiration behind this venture? According to Matt Bowling, one of the Directors at Watchfinder, it was largely in part down to paying a substantial sum for bicycle wheel hire.
This was in order to replace the existing wheels on his racing bike so that he could participate in a contest. The service aims to provide three different categories. Firstly are the try before you buy folk.
These are aimed at pre-owned buyers who spend endless hours researching different options before they commit to buying. Besides, if a luxury watch is bought in the first 7 days, both the initial deposit as well as the hire charge is subtracted from the overall cost.
After this comes the provisional upgrade service. This is specifically focused on customers who are already proud owners of a high end timepiece but desire something extra.
Meanwhile, outright rental is considered to be the toughest to manage. This high risk tactic involves paying an upfront sum and a weekly charge. It’s based on not what you know but who you know as priority and different privileges will be given to those people familiar to Watchfinder.
In addition to this, prices will vary when it comes to watch values. For example, something as stunning as a Rolex Submariner may need someone to slap down more than £1,400 initially with a weekly rental of £200 plus.
Yet, the fact that you can use your current timepiece as a guarantee against the item you wish to rent is an added incentive. It is a flexible and convenient way of trying out a watch before you fully commit.
However, there are some consumers looking into the concept of renting out their own horology pieces on the site. This ensures watch owners can make substantial money in the short and long term by offering their items for hire. It may lead to the perfect income generator for some!
Another try before you buy concept has been around for some years. Linde Werdelin features a number of watches through its site and stores across the globe. Buyers simply fill in the easy application online and in the blink of an eye; someone will contact you in order to safeguard a deposit. The watch is then sent directly to your door where you can take advantage of a hassle free 5 day trial period.
Time is ticking, so what are you waiting for.
