In a groundbreaking move, Qollateral, a prominent New York-based secured lending firm, has launched its virtual watch loan service, offering watch enthusiasts the opportunity to transform their high-end timepieces into instant cash while maintaining ownership. The service extends to revered brands like Audemars Piguet, Patek Philippe, and Rolex.
The surge in the secondhand watch market, with top brands experiencing annual appreciation of up to 20% since 2018, has created a prime opportunity for watch owners. Qollateral’s virtual watch loans provide a quick, confidential, and convenient solution, bypassing the lengthy processes associated with traditional loans.
How Qollateral’s Virtual Watch Loans Work
Qollateral’s innovative approach employs luxury watches as collateral, eliminating the need for credit checks or extensive financial evaluations. The service takes advantage of New York’s monthly interest rate cap of 4%, coupled with a 1% insurance and vault fee. The flexible payment plans can be renewed at the end of the loan term, providing added convenience.
While Qollateral traditionally welcomes clients to its secure offices in the International Gem Tower, the firm has adapted to its growing online clientele. The revamped process allows clients nationwide to ship their watches with pre-paid, fully insured labels. Skilled appraisers evaluate the watches upon arrival, and upon agreement with the loan terms, clients receive the full amount within 24 hours.
Ensuring Security in Virtual Transactions
Addressing concerns about the security of high-value items online, Qollateral reassures clients with its licensing and bonding by the New York City Department of Consumer Affairs and insurance coverage by Lloyd’s of London. All watches entrusted to Qollateral are securely stored in advanced vaults within the International Gem Tower.
Qollateral’s Offerings Include:
- Highest Offers
- Free, No-Obligation Quotes
- Confidential, Same-Day Loans
- Unparalleled Security
- Retain Ownership of Your Valuable Watch
- White Glove Customer Service
- Decades of Experience
For those ready to part ways with their luxury timepieces, Qollateral also offers a seamless selling process, mirroring the efficiency of virtual loans. With free overnight shipping, no-obligation quotes, and immediate payment, Qollateral’s comprehensive services cater to diverse needs in the luxury watch market
