Luxury watches can last years and years if they are well looked after by their owners, allowing them to become family heirlooms that can be passed down from generation to generation.
A watch should be stored on very soft surfaces to protect its delicate case, while ensuring that it is not exposed to very hot or cold temperatures. Heat can shorten the lifespan of the battery, while coldness can stop it from keeping time correctly.
Water can also be damaging to watches that are not resistant to it. Any time a non-resistant watch gets wet, it is important to dry it off as soon as possible. It may be sensible to be aware of times when the watch is likely to get water on it and take if off beforehand.
Even if a watch is resistant to water, it is still sensible to wipe it down to remove chlorine or any dirt. Remember that the resistance can wear down over time and watches are unlikely to survive continuous exposure to large amounts of water, as it will eventually penetrate the case.
For loans against watches, the loan amount achieved can be improved by the condition of the watch.
Owners must get their watch periodically serviced, particularly if it is worn regularly. Experts recommend a service should occur every two to three years.
Use your personal assets to secure a loan from $1000 to $1,000,000.
This article was submitted by Paul Aitken, he is the founder of borro, the leading personal asset lending platform in the UK and the US. The company has created a new lending category and in 2011 and 2012 won Alternative Lender of the Year and International Business Awards.Paul also holds an MBA from IMD, Lausanne,Switzerland.