Need to liquidate your assets? Have you thought of borrowing against your Rolex? Diamond Banc is one of the leading luxury liquidation companies in the nation. By taking out a collateral loan, you can get the most out of your asset and if you decide to forfeit your valuable and keep the sale price, then there isn’t a negative mark on your credit.
With Rolex collateral loans, you have the option to borrow against your asset. The loan or sale transaction amount can be pretty high. Pre-owned luxury goods have dramatically increased the value of Rolex watches. Today, there are countless quality online options for consumers to purchase and sell pre-owned Rolex watches. This was unheard of only a few short years ago. This ease of safe digital luxury watch buying and selling has led to an explosion of online watch commerce.
This new distribution channel has proven to the world the liquid nature of Rolex watches and demonstrated the brand’s value retention, further increasing consumer appetite. Rolex’s exacting production standards to create new watches produces far fewer new watches than there is global demand, thus creating ultra-strong values in popular pre-owned Rolex models, unlike ever before.
To benefit from this you have to know where you will get the best deal. Lucky for you, Diamond Banc is the number one Rolex equity lender in the nation and is owned, operated, and backed by industry experts who have the knowledge and resources to offer unmatchable loan values.
Diamond Banc is an established pioneer in modernizing jewelry equity loans nationwide.
If Diamond Banc wasn’t established and so connected with the luxury world, they would not be able to offer a low loan cost structure on Rolex equity loans.
Loans in their original form used to be secured by real assets. The borrower pledged an asset and the lender loaned them a percentage of the collateral’s value. If the loan was not repaid the lender sold the collateral and used the proceeds to pay the loan off. This basic and simple loan structure was prevalent for a notable period of banking history. The idea of solely loaning people money in an unsecured fashion, based largely on their signature and previous repayment history creates significant liability for the lender or borrower.
When a client takes out a Rolex Equity Loan, they are responsibly borrowing against the ownership (equity) they have in their Rolex watch. If the borrower does not elect to repay the loan, the watch is sold to satisfy their loan obligation and the transaction is over. Rolex Equity Loans are non-recourse, meaning if the borrower elects not to repay their loan, there is no negative effect on their credit and their debt is forgiven via the ownership transfer of their watch.
Diamond Banc is the nation’s best source for those who wish to use their Rolex watch to get a loan. They are Rolex experts and take every value-adding factor into consideration such as model, age, condition, and rarity to offer the highest loan amounts possible. Using your Rolex watch as collateral to obtain a loan is a great way to access its liquidity while still maintaining ownership of your watch. You can rest assured that your Rolex will always be fully insured with Diamond Banc whether it’s in transit to headquarters via Brinks or tucked away safely in our vaults for the duration of the loan.
Diamond Banc has over a century of experience in luxury jewelry dealings. Founded on trust, customer service, and integrity, you are planning the best course of action when it comes to equity loans, consignment, or any other dealings with them. Check out their website and see which option is best for you!
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