Cash Loans for Rolex Watches in Chesapeake
Whether you have a Rolex Datejust, a Rolex Day-Date (Presidential), or any of the other popular models of Rolex, you could be hoping that you can use your watch to take out a much-needed cash loan. This might be your first watch loan, but you might have heard about others using new and vintage models of Rolex to borrow money. It is an option, and it isn’t hard to do at all. If you want to use your Rolex timepiece to quickly and easily borrow money, Greenbrier Pawn in Chesapeake is here to help you.
How Can I Get a Cash Loan on a Rolex Watch in Chesapeake?
The average bank or financial institution might not let you use your watch as collateral for a loan, but pawn shops will. For those in the Hampton Roads area, Greenbrier Pawn is a well-known go-to spot for cash loans on luxury watches and more, and we have many satisfied customers. If you’re in Virginia Beach, you can also visit our sister store, Hilltop Pawn. At either shop, we will assist you with taking out a cash loan!
How Do Pawn Loans Work?
Pawn loans are a powerful tool for people who want to borrow money. Many people use pawn loans at various points throughout their lives. If you’ve never used one before and don’t know how they work, you might be a little nervous! Luckily, pawn loans are easy to understand and use, and we’re here to guide you through the whole process.
Visit a Chesapeake Pawn Shop
First, if you want to use your Rolex Air King or Rolex Explorer to take out a cash loan, you’ll need to visit a Chesapeake pawn shop. Greenbrier Pawn in Greenbrier Station is a one-stop shop, and we make loans on Rolex watches six days a week.
If our Virginia Beach location is more convenient for you, you can stop by there, too! Hilltop Pawn is on Laskin Road in Virginia Beach, and we offer all of the same loan services (and more) at that location, too. Like Greenbrier Pawn, Hilltop Pawn is open six days a week, too.
Use Your Rolex Watch as Collateral for a Cash Loan in Chesapeake
Our loans are collateral loans. All this means is that you need to bring in an item of value to back your loan. The amount you will be able to borrow depends on the collateral that you bring. Whether it’s a current model or one of the newer Rolex models, we can grant you a loan. We’ll check the model, reference number, condition, and more, and then, we’ll tell you how much you can borrow. If you have the original certificate, the original box, or other accessories or documents related to your watch, bring them along with you, too; we may be able to grant you a higher cash loan if you have these things. You also have the option to bring in multiple luxury watches or other items of value along with your watch if you want to take out a bigger loan.
Produce Your Government-Issued ID
When granting a loan on your Rolex Datejust or Rolex Day-Date, we will need to see your unexpired, valid government-issued ID. Make sure you bring it with you so you can get your loan without delays! We have a strict privacy policy, so you don’t have to worry about producing your ID to get your loans.
Repay Your Loan
After using one of the top watch brands to take out a loan, you’ll be given a pawn ticket. Take note of the due date and repayment amount. Bring your pawn ticket back to Greenbrier Pawn by the due date to repay your loan and retrieve your watch. If you need more time to pay, it’s no problem! Just stop by to ask for an extension.
Can I Get a Loan on My Rolex With Bad Credit?
Bad credit happens to even the best and most responsible people. If your credit rating isn’t the best because of medical bills, bankruptcy, divorce, or any other reason, you might have found that borrowing money is a whole lot harder now. Most credit card companies and lenders perform credit checks before loaning money, and some of them are pretty strict about who they will lend to.
The good news is that if you have a brand name Rolex watch -- or even other luxury watches or other items of value -- that you don’t have to have good credit at all in order to borrow money. In fact, you don’t even have to have your credit checked at all. Pawn shops like Greenbrier Pawn in Chesapeake simply don’t perform credit checks. We’ll just loan you the money based on how much your Rolex watch is worth, and we’ll hold on to it, just in case you default on your loan. Even if you do happen to default on your loan, though, you don’t have to worry about it hitting your credit score. This is a good thing when you’re already in the process of rebuilding your credit score.
Why Use My Rolex Watch for a Cash Loan in Chesapeake?
Of course, you should know that you don’t technically have to have a vintage or current model Rolex to borrow money from a pawn shop. Other watch brands, jewelry, and even TVs and computers can be used, too. If you do have a Rolex, though, it might be your best collateral option for a pawn loan.
There are a few reasons for this. For one thing, since the amount that you can borrow on a pawn loan directly correlates with the value of your collateral, it makes sense to bring in something valuable if you want to take out a bigger loan. If you’re like a lot of people, your Rolex watch may be one of your most valuable possessions. Using it will allow you to borrow even more money.
Additionally, since you’ll need to leave your collateral with us until repayment, you’ll want to bring something that you don’t mind going without for a little while. You may not want to give up your wedding ring or the laptop that you use for work this long, but you might not mind using your Rolex, especially if you don’t wear it every day.
Naturally, if you don’t want to use your Rolex to take out a cash loan, you can bring us some other form of collateral. We take all items of value, and if you aren’t sure, you can always stop by or give us a call to ask!
If you’re wondering why Rolex watches can be used for bigger loans, you should consider why these watches are so valuable. People from time zones all over the world are willing to pay top dollar because of the craftsmanship and durability of these watches. Since 24-year-old Hans Wilsdorf -- and later, his brother-in-law, Alfred Davis -- created this luxury brand, they have been known as a symbol of prestige. Rolex’s stainless steel case, the Oyster case, allowed them to create the first waterproof watch. Its powerful tool watches are known for being resistant to different temperatures and different positions, and they are so well-made that people are able to pass them down for multiple generations. There are a wide range of Rolex watches, and yes, some models are considered the most sought-after models and are more valuable. Even the more affordable Rolex watches have value because of their 18K precious metals and superior craftsmanship. From the Paul Newman Daytona to the watch that James Bond wore, Rolex watches are widely known and appreciated by many. Simply put, whether it’s your first watch and one of the vintage models or if it’s a newer Rolex, your watch has value, and it can help you take out a high-value loan.
What Can I Use My Rolex Loan Money For?
When you use your Rolex Milgauss, Rolex Explorer, or other Rolex timepiece to take out a loan, the possibilities are endless! Take a much-needed vacation, get caught up on past due bills, or pay for unexpected home repairs. Because of the high Rolex cost and current list prices, we are able to grant large cash loans on these high demand watches. One of these large cash loans should help you with whatever financial situation you are dealing with.
What Types of Watches Can Be Used for a Cash Loan?
Since we’re in the watch industry, we understand the true value and prestige of a Rolex watch. That’s just one reason why we strive to offer a wide assortment of classic and modern Rolex watches for our customers. Yet, we do know that other watches are popular in recent years, too. Since we grant loans on most items of value -- including precious metals like yellow gold or white gold -- we do grant loans on other brands of watches. Not only can you bring your Rolex to take out a loan, but you can bring your Omega or Cartier piece, too.
Popular Models of Rolex Watches for Cash Loans
There are a variety of Rolex models, including both current models and vintage models. The market price and Rolex cost varies among this wide range of Rolex watches. In the watch business, these are some of the popular models of pre-owned Rolex watches that we take for cash loans:
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Rolex Sea-Dweller
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Rolex Day-Date (Presidential)
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Rolex Milgauss
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Rolex Explorer
What Happens if I Default on My Rolex Cash Loan?
If you don’t repay your pawn loan, you don’t have to worry. We won’t call and bother you about your loan, and your credit will not be affected. Instead, we will simply keep your vintage or new Rolex to cover your loan. This also will not affect your ability to take out future cash loans from us or to otherwise do business, such as if you want to buy jewelry or sell us something else.
Also, remember that we do offer the option to get an extension on your loan if you need it! If you simply need a little more time to get your loan paid in full, let us know, and we will help! For more info see how a pawn loan works.
Can I Sell My Rolex Watch in Chesapeake?
Our satisfied customers come to us time and time again to buy newer and vintage watches, and we like to keep watches in stock for them! In fact, we even have a waiting list of people who want to buy watches from us! Because of that, we always buy Rolex and other luxury watches! If you don’t want to worry about repaying a loan and if you’re willing to part with your Rolex, selling it to us for cash is always an option! We pay top dollar to all customers who bring in their Rolex watches for sale. Just remember that as with a pawn loan, you will need to bring your ID with you.
Why Choose Greenbrier Pawn for My Rolex Cash Loan?
We aren’t the only pawn shop that will offer you a loan on your brand name watch. However, we’re still your best bet. Unlike some of the other guys in town, we’ve been doing this a long time -- since 1996. We have bought, sold, and made cash loans on Rolex watches many, many times over the years. We have done our research and keep up with free market rates on these watches, and we’re very experienced at appraising them. We are willing and able to grant higher-value loans on Rolex watches. If you want to take out the biggest cash loan, we’re your number one pawn shop.
Plus, our customers return to us time and time again because we pay scrupulous attention to provide each and every person with the best possible experience. We’re a family-owned pawn shop that strives to offer a personal experience and the best customer service that we can. Visit us for your Rolex cash loan, and we’ll make you a repeat customer.
Hilltop Pawn Shop & Jewelry
if you happen to be in Virginia beach and you want to sell your Rolex Watch or get a loan on a Rolex Watch feel free to stop in to our sister store Hilltop Pawn Shop & Jewelry for the same great service and prices.
Why Use a Glenda Craddock Pawn Shop
Family Owned, Family Run
Our daughter Nina runs Greenbrier Pawn and our youngest Dane, runs Hilltop Pawn. Dealing with them is dealing with me...... Glenda Craddock