You got to know that acquiring a Rolex Perpetual isn’t just about the first thing you pay for. It’s more than that. This super famous watch is great because it’s precise, well-made, and has a stylish appearance, but there are a lot of additional expenses you may not have considered.
1. Maintenance and Repair
You need to keep this luxury watch in good condition, and that means periodic cleaning, lubrication, and making sure it’s precise.
The thing is, taking care of it can get pricey, like when it needs some serious work. You gotta set aside funds for these expenses as these all accumulate.
2. Insurance
Given that a Rolex is extremely costly, it is imperative to acquire insurance. It protects your watch in case the watch is lost or taken, and if it gets broken, they will repair or substitute it. The insurance expense can be different for each plan, so be sure to look around and select the insurance plan that suits you.
3. Additional Features
Rolex Perpetuals are available in a variety of designs with varied features and appearances. All these sophisticated features make the watch appealing, but they also increase its cost. For example, a chronograph-equipped watch or a moon phase indicator will cost more to buy and keep in good working order.
4. Resale Value
It is advisable to know the value of your Rolex in the event that you choose to sell it. They generally retain their worth, but this varies by the specific watch, its aesthetic appeal, and the market demand. You must consider the potential depreciation of the watch and how this could affect your overall expenditure.
5. Personalization
Certain individuals opt to personalize their Rolex even more uniquely theirs by including a personalized message or switching the strap. It can enhance the watch even more stylish, but it also incurs additional expense. You merely need to consider if personalizing it justifies the additional cost.
Prior to obtaining a Rolex Perpetual, ensure that you are aware of all the additional expenses, so you are not unprepared by the funds you must allocate. In order to gain further insight, review ‘The Comprehensive Guide to Possessing a Rolex Watch’ written by Robert Young and also ‘Rolex: The Timepiece of the Exclusive’ authored by John Reardon.