When building your perfect luxury watch collection, you want it to be an easy and enjoyable experience, and we have found a great way of bringing joy back to purchasing the best timepieces: financing. Read on to explore why so many of our customers choose to purchase their new pieces with financing and discover why it’s the best way to grow your watch collection.
What is Watch Financing?
Watch financing is similar to any other form of financing but tailored to the high costs of the luxury watches in our extensive catalogue. Our chosen company, V12 Retail Financing, will provide the funding required for you to buy your next timepiece, and then you repay them over a pre-set time with smaller, regular payments.
Benefits of Choosing Watch Financing
By choosing instalments to pay for your next watch, you benefit from smoother and less financially invasive purchases. The quality of the brands we supply justifies the high value of the individual pieces, which makes purchasing one outright a decision that will significantly impact your personal finances and take some of the joy out of the purchase. However, when choosing to buy a watch on finance, you benefit from spreading this cost out over time, reducing the immediate impact of the cost.
The only downside to a financing payment plan is the increased interest the financing company adds to the sequential payments; however, working with V12, we have eliminated that increase, providing a 0% interest scheme that guarantees you only pay what you need to for your beautiful watches.
V12 Retail Financing Explained
At New Cavendish Jewellers, we have chosen V12 Retail Financing as the best choice for our watches on finance. With almost all of our products available online, you’ll find a finance calculator conveniently placed to provide you with all the details you need to make an informed decision about your purchase. Bear in mind that this is not where you apply for financing; it is only where you explore financing options. Below is an example of the financing calculator in question for our 35mm Pasha De Cartier rose gold watch.
As you can see here, there are all the options you need to make an informed choice about your purchase and tailor two elements to make the financing a better deal for you. Your deposit amount can be increased to a maximum of 50% (in this case, £5100) or lowered to 10% of the final cost (or £1020). Secondly, your repayment method is flexible, with you choosing how long the term or repayment should be, with a longer-term equalling smaller individual payments. In the case of this Cartier watch on finance, a 6-month term will require £1530.00 a month for payments, but a 24-month contract will total just £382.50 a month.
Once you’ve made your choices, you’ll see the details of your proposed payment plan on the right, including the 0% finance for watches we provide. However, it should be noted that V12 is only available to UK residents over 18 and is subject to various terms and conditions. To apply for the financing, proceed with purchasing your chosen piece, and choose ‘Pay by Finance’ as the payment option. You’ll be then redirected to the V12 Finance website to complete your application and successfully finance your Cartier watch.
Credit Score and Watch Financing
Credit scoring is the process used by financial services companies like V12 to evaluate the credit risk of new applicants. This technique will be applied to your online finance application. Credit scoring works by awarding points for each answer given on the application form, such as age, income and occupation, together with information obtained from credit reference agencies.
Soon after your successful application, you will be presented with the option to sign your credit agreement. If you have the ability to e-sign your credit agreement and choose to do so, you will view a PDF of your credit agreement on your screen.
Note that products will not be allocated to your order until V12 Retail Finance receives your completed and signed agreement. Shipment of your goods will follow soon after your agreement has been returned to our finance company.
Luxury Watches on Finance at New Cavendish Jewellers
At New Cavendish Jewellers, we take pride in our status as an independent luxury watch store, and we’ve curated a broad range of the best brands on finance for our customers to explore. From our watch store in London, we don’t just stock Cartier; come and visit us either in person or online to discover our:
- IWC watches on finance
- Jaeger Le Coultre watches on finance
- Nomos Glashutte watches on finance
- Breguet watches on finance
- Tissot watches on finance
Contact us to discuss any of our products or the financing options available and get the info you need to make the best-informed decision today.
Leave a Reply