There are many factors that can impact the resale value of a watch. While some can influence it positively, most are negative. Like most things, the value of a watch tends to decrease rather than increase once it leaves the display case. Still, if someone has a luxury watch that they wish to sell, there are three factors they should to keep in mind. These factors are:
1. Positive factors: These are the aspects that actually improve the resale value of a watch. Perhaps the most important is the exclusivity or rarity of a particular watch. For example, if it is a vintage watch or a watch that has become hard to find in the current market, its price automatically jumps up. Sometimes manufacturers create limited editions of watches to celebrate an anniversary or other moment of some importance. Such watches also tend to enjoy a higher resale value. Because many people are willing to pay a good sum of money for watches that have an added value generated by a prestigious previous owner, it is important to consider whether a celebrity has owned the watch. Watches that have been worn in movies command a premium resale price. On the more mundane end of the scale, a watch whose warranty is still in effect (and is transferable) also retains a considerable part of its value.
2. Mixed value factors: Unfortunately many watch owners considers a watch to have a high potential resale value because it happens to be an allegedly rare or limited edition. But sometimes manufacturers dilute the value of such watches by selling them in vast quantities. In the process of doing this the value of the watch is lowered: a "limited edition" isn't very limited or rare if several hundred thousand units were sold. There is also a belief that a higher value can be expected if the seller retains possession of the original box and purchase papers of a watch. This is typically only a minor factor, however, and may or may not noticeably impact on the resale value. Also, while sometimes there are watches that possess 'remarkable' serial numbers, such as the date of manufacture of the watch or numbers with interesting or significant patterns. While this certainly adds a novelty interest to the watch, it does not tend to do much for its resale price.
3. Negative factors: There are certain factors that consistently reduce the resale value of a watch. For instance, watches that are heavily decorated with precious metals or stones tend to depreciate over the years. Many manufacturers create cheaper, bottom of the line models. While these watches may bear the premium brand name (such as Rolex), they do not command much respect or desirability. Finally, watches from which the serial numbers have been removed or defaced beyond recognition are condemned to the lowest rung of the resale ladder, as this is the mark of a stolen or "hot" watch.
Used Car Resale Value
Hybrid cars are hot. They are popular and trendy and at the same time, they are environmentally savvy. Even television and movie celebrities love to be seen in these ?green? cars. More and more automakers are starting to catch on to the hybrid car craze by offering more styles and more choices of hybrid cars. In addition to being good for the environment, and needing less maintenance than a conventional car, hybrids have excellent resale value.
Some critics of hybrid cars believe that the price of a hybrid car does not necessarily save the buyer any money in the long run. Not so, say those that support the hybrid. Many times a used hybrid car can sell for as much or more as a brand new hybrid. With a hybrid car, buyers do not always immediately lose that 30 percent of the value the minute they drive off the lot.
When considering a hybrid car, think about this: The starting price for a brand new 2005 Toyota Prius with standard features is listed at $22,546 including shipping. The Kelly Blue Book lists a used 2005 Pruis four door hatchback with standard features for $25,470. That is excellent resale value for anyone.
Edmonds lists much of the same information on hybrid cars. It lists the same Toyota Prius compact sedan at $21,275 and a used 2005hybrid Prius bought from a dealer at $23,277. Not all hybrid cars, though, are expecting to hold such good value on the used market. The resale value of the Honda Insight has been much lower than that of the Prius. Currently, the Prius seems to be the hybrid with the best resale value.
Toyota expects the sales of certified used Prius hybrid cars to double in 2006. Many are left wondering if the resale values of hybrids are because they are trendy or because they are a good buy. Why do hybrid cars have such good resale value?
It is possible that the hybrid has such a good resale value at the time because gas prices are up. Fuel prices always affect the type of car many people drive. Large cars and SUVs tend to guzzle gas. With a hybrid, buyers can expect lower gas prices at the pump. The resale value for hybrids could also be so good because the cars are popular, resulting in longer waiting lists for the cars. Toyota estimates that there are currently around 22,000 Prius cars on backorder.
Consumers also want to feel good about their vehicle purchase. With a hybrid car, drivers can be one of the growing numbers of people who want a trendy, stylish car with the newest technology while being good to the environment. Many carmakers are offering more styles of the hybrid cars. The Prius is not the only option. Ford offers a small hybrid SUV. Buyers can also purchase a Honda Civic hybrid. GMC and Chevy are currently making two hybrids pick up trucks called the C15 Silverado and the C15 Sierra. The Honda Accord and Toyota Camry are also available in hybrid varieties. In the near future, Saturn, Lexus, Honda, and Chevrolet will make hybrid SUVs available to the public. In addition, Chevrolet will offer their Malibu in hybrid form in 2007. Now since so many hybrid cars are available on the market, drivers can choose a style that suits their needs best, which often increase the demand. Drivers no longer have to sacrifice style for more efficient cars.
The newest in car technology accounts for the reason why many want to buy hybrids. They can expect to pay less at the gas pump for a car that need less maintenance for wear and tear. A hybrid runs more efficiently, too. This cuts down on wear and tear on parts, making the resale value attractive to many consumers.
It is estimated that hybrids currently account for less than one percent of the cars sold in the United States. Because they are growing rapidly in popularity and because many new makes and styles are available, the growth continues. Sales of larger SUVs and cars are on the decline. Over the next several years, more people will drive hybrid cars, making the resale value important to consumers.
Both Patricia Williams & Gregg Hall are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Patricia Williams has sinced written about articles on various topics from Food and Drink, Education and Business and Finance. Patricia Williams is a writer for several online magazines, on and topics.. Patricia Williams's top article generates over 22200 views. to your Favourites.
Gregg Hall has sinced written about articles on various topics from Lingerie, Desserts and Mortgage. Gregg Hall is a business consultant and author for many online and offline businesses and lives in Navarre Florida with his 16 year old son. Get great at. Gregg Hall's top article generates over 3350000 views. to your Favourites.
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