Licensed Pawnbroker SHD-0017882
Loan Against Your Watch Keep the Watch, Get the Cash
Need funds but not ready to part with your watch? Pawn it instead of selling: your watch is the security, it stays insured in secure storage, and it comes back to you when the loan is repaid.
- Advance from
- $15,000
- Term
- 3 to 12 months
- Funds
- 24 to 48 hours
- Ownership
- You keep it, the watch is security only
- Storage
- Insured and secure for the full term
- Credit file
- No effect on your credit file
Sell or Borrow
Selling and Borrowing Are Different Choices
If you want the best possible price and are happy to let the watch go, selling is usually the better option. If the watch means something to you, or you expect to want it back, a loan lets you raise funds without giving up ownership. We do both, and we will tell you honestly which one suits your situation.
Prefer to sell your watch instead?Pawn Loans
Pawning Your Watch with a Watch Specialist
A loan against your watch is a pawn loan in legal terms. We provide it under Second-Hand Dealer and Pawnbroker Licence No. SHD-0017882, issued by Consumer Affairs Victoria, and ownership stays with you for the whole term: the watch is the security, and it comes back to you the day the loan is repaid.
This is pawnbroking done by people who do nothing but watches. Certified watchmakers authenticate and value every piece in house, so the advance reflects what your watch is actually worth rather than a generic second-hand estimate. Terms run 3 to 12 months rather than a short pawn cycle, the watch sits in insured specialist storage throughout, and the loan has no effect on your credit file. If a watch is not redeemed, it is offered for sale at the best price reasonably obtainable, and the full position is set out in our terms and conditions.
Whether you want to pawn a Rolex, a Patek Philippe, an Audemars Piguet or a Vacheron Constantin, the process is the same: submit the details, get a written offer, and decide with no obligation.
Start a pawn loan applicationThe Process
How a Watch Loan Works
Submit your watch
Send us the brand, model and photos, plus how much you would like to borrow. Takes about five minutes.
Authentication and valuation
Certified watchmakers verify the watch and assess its current market value. This determines what we can advance.
Funds transferred
Accept the offer and we transfer the funds by Osko once the watch is verified, typically within 24 to 48 hours of your application.
Your watch is stored and insured
It stays in secure, insured storage for the term of the loan. Repay and it comes straight back to you.
Reviews
Trusted by Watch Owners Across Australia
What customers say about dealing with Buy Your Watch
I recently sold my watch through this dealer and had a fantastic experience from start to finish. James and Danny were both professional, responsive, and incredibly easy to deal with, making the whole process smooth and stress-free. Communication was clear the entire time, and I felt confident I was getting a fair and honest deal. Everything was handled efficiently, and the payment was prompt. I would highly recommend them to anyone looking to buy or sell a watch—great service all around.
Candice AlleyGoogle reviewI recently sold my watch here and had a really great experience. James made Everything super smooth and easy, and the whole process felt very professional but also friendly. Communication was clear, the offer was fair, and the payment was made instantly just as promised. It’s not often you come across such a straightforward and trustworthy service. I’d definitely recommend them to anyone looking to buy or sell without any stress. Thanks again for making it such an easy process!
Rajat ChatterjeeGoogle reviewJust sold my watch through Buy Your Watch and couldn’t be happier! Reached out to James for a quote and had the whole thing wrapped up in under 48 hours. The buyout price was fair, and he made everything super easy with clear instructions for drop-off and authentication. The process was seamless, professional, and lightning-quick — I walked out with my payout on the spot. Highly recommend them if you’re selling (or buying). I’ll definitely be back next time I’m in the market for a new piece. Top-notch service! ⭐⭐⭐⭐⭐
Shelia LeeGoogle reviewRating and reviews shown from Google Maps. Sorted by most relevant.
Questions
Frequently Asked Questions
Can I pawn my watch without selling it?
Yes. Pawning your watch here is a loan against it: a pawn loan in legal terms, provided under our Second-Hand Dealer and Pawnbroker Licence No. SHD-0017882. The difference from selling is simply that you keep ownership: the watch is security for the loan, and it returns to you when the loan is repaid.
How much can I borrow against my watch?
It depends on the watch, its condition and current market demand. We advance a percentage of what we assess the watch to be worth, so a Rolex Submariner in good condition with box and papers will support more than the same watch without documentation. Submit the details and we will tell you the figure before you commit to anything.
How much can I pawn my Rolex for?
We advance a percentage of the watch's assessed market value, determined by the model, its condition and whether the box and papers are present. Our minimum advance is $15,000, which suits watches at the Submariner, GMT-Master II and Daytona tier and above. The same applies if you want to pawn a Patek Philippe, an Audemars Piguet or a Vacheron Constantin. Submit the details and you get a written figure before you commit to anything.
What does it cost?
There is a $400 setup fee covering authentication and insured storage for the term of the loan. Interest runs from 4% to 10% per month depending on the assessment of the watch and the loan, on advances from $15,000 over terms of 3 to 12 months. The maximum APR is 131%, which includes the setup fee. Your exact rate and the total amount repayable are confirmed in writing before any money changes hands, and there is no obligation to proceed.
What happens if I cannot repay the loan?
The watch is the security for the loan, and it is the only security. If the loan is not repaid by the end of the term, the debt is settled in full. We do not pursue you for any shortfall, and your credit file is not affected. We then offer the watch for sale at the best price reasonably obtainable, as required by the Second-Hand Dealers and Pawnbrokers Act 1989 (Vic). The full position on default and sale is set out in our terms and conditions.
Can I repay early?
Yes. You can redeem your watch at any point during the term by repaying the principal, the setup fee and the full term's interest. Loans are written for a fixed term, so redeeming early returns your watch sooner but does not reduce the interest payable.
Is my watch insured while you hold it?
Yes. Your watch is held in secure storage and insured for the whole term of the loan. The $400 setup fee covers this along with the initial authentication.
Do you offer loans on watches without box and papers?
Yes. Documentation increases what a watch is worth and therefore what we can advance, but our watchmakers authenticate from the watch itself. Plenty of the watches we lend against arrive with no paperwork at all.
Get Started
Find Out What You Could Borrow
Free assessment, no obligation, and no effect on your credit file.
Cost of a watch loan
Loans run from a minimum advance of $15,000 over terms of 3 to 12 months. A one-off setup fee of $400 covers authentication and insured storage for the term. Interest runs from 4% to 10% per month depending on the watch, the amount advanced and the assessed risk of the loan. The maximum annual percentage rate is 131%, which includes both interest and the setup fee, and applies at the highest monthly rate on the smallest advance over the shortest term. Because the setup fee is fixed, the rate works out lower on larger advances and longer terms. Your exact rate, the total amount repayable and the redemption date are confirmed to you in writing before any funds are released, and you are under no obligation to proceed.
Representative example: $15,000 advanced against a Rolex, over a 3-month term, at 4% per month, with the $400 setup fee. Total repayable to redeem the watch at the end of the term: approximately $17,200, an APR of approximately 59%. Repaying earlier reduces the interest payable.
The full terms of a loan, including what happens if it is not repaid, are set out in our terms and conditions and in the agreement you sign before any funds are released.