Purchasing luxury watches is a significant investment because they usually cost thousands of Malaysian ringgits. Luxury watches are sophisticated timepieces and if you want to buy one, you need to be knowledgeable about what they’re worth and what differentiates them from each other.
Below are some of the factors that you must consider before you make the purchase:
1) The year the watch was released
Generally speaking, new models of timepieces command the highest prices. And rightly so because they are updated with new models and features. The seller should be able to tell you what year the watch came out. It’s still advisable that you do your own research to ensure that the information the seller provides you is accurate. It’s very important that you avail of this information especially if you plan on reselling the watch.
2) The credibility of the seller
You have two main options if you want to buy luxury watches in Malaysia. You can purchase directly from the company that sells a particular brand. Or you can purchase from a retailer. If you’re dealing with a retailer, make sure that it’s credible and reputable. Transparency is very important when it comes to the luxury watch market. A transparent seller is one who has been authorized by a particular brand to sell their watches. Only purchase from authorized retailers to avoid being duped with counterfeit watches.
3) The warranty
The seller should be offering warranties to all of its customers. If you encounter problems with the watch you purchased, you should be able to return it either for repair or for replacement. There are different types of warranties which is why it’s recommended that you read the warranty in full before you make the purchase.
4) Insurance against theft and damages
Not all retailers offer insurance on their luxury items so you should make it a point to ask if the watch you are going to buy is insured or not. Just like warranties, insurance programs differ depending on the retailer so make sure that you read the details before you sign.
Purchasing a luxury watch can be a frustrating experience if you don’t know the factors you must consider to separate a good deal from a bad one. Always remember that a luxury watch is a sizable investment. If you want to get a good deal, see to it that you remember all the factors discussed above.