Watch Financing vs. Car Financing: A Comparative Insight

In today's world, leasing or financing is the go-to method for purchasing luxury cars. In fact, over 70% of consumers opt for these payment methods when buying a vehicle. But when it comes to luxury watches, the option to finance is less common. This begs the question: why hasn’t financing become a standard for acquiring luxury timepieces?

Luxury watches share many qualities with cars and other valuable assets. They hold intrinsic value, maintain their worth over time, and embody sustainability through their durability and craftsmanship. Like (some) cars, these timepieces can last for generations and even increase in value, benefiting from the growing demand for iconic, circular and sustainable products. Yet, while the automotive industry has embraced various financing options, the luxury watch market is only starting to catch up.

Finance your next watch purchase just like a car purchase but with advantages

Yourasset AG offers customers a flexible, secure way to purchase both new and pre-owned luxury watches through financing options that range from 12 to 60 months, for amounts up to CHF 250,000. This option is available through our partners' physical boutiques, e-commerce platforms, or directly via their digital storefronts on Yourasset.com.

Customers lock in today's purchase price, protecting against future retail price inflation, while being able to align the monthly payments with their regular monthly income. Yourasset serves as the payment enabler, with customers paying fixed installments to our trusted banking partners in Switzerland. Soon our financing solutions are available in Germany as well.

Why Finance Your Watch?

The core advantage of financing a watch is the same as financing a car—making a high-value purchase without the immediate outlay of a large sum of money. This allows customers to spread out the cost, making luxury more accessible or simply applying the benefits of financing smartly. Moreover, watches—unlike cars—can often retain or even appreciate in value, offering potential long-term investment benefits.

Unlike cars, however, luxury timepieces require minimal maintenance costs over the years. There's no need to worry about wear and tear in the same way one might with a vehicle, which adds to the appeal of financing.

How Yourasset Financing Works

Financing your watch with Yourasset is a straightforward process:

1. Choose your desired monthly payment plan.
2. Submit your personal and financial details securely via Yourasset's platform.
3. Yourasset reviews your application.
4. Our financing partner assesses and approves your details.
5. You receive and sign the contract.
6. Collect your new timepiece from the merchant, and enjoy!
7. You can repay the financed amount early, and interest costs are deductible from your taxable income.

Once approved, you’ll have a secure login account where you can manage and track your transaction details. Plus, for your next transaction, all your information will be pre-filled for added convenience.

Secure and Transparent Financing

Yourasset values your security. All customer data is stored in Switzerland with Microsoft Azure. In your secure login account, you can view, manage, and edit your data, ensuring full transparency and control.

As the watch financing market grows, Yourasset is proud to be at the forefront, offering customers the flexibility they need to make luxury watch purchases possible with a Financing Solution. So, the next time you dream of owning that luxury timepiece, consider the benefits of financing—just like you do for a car.

1 Over 70% of cars in Switzerland are paid for monthly with financing or a leasing. It is the most common form of payment to purchase and own a car.