A luxury watch will cost you thousands of dollars. For first-time buyers buying brand new or preowned watches can be exciting. Here are some tips and tricks to help you choose the right luxury watch.

Do your research and shop around

Singapore has more than 300 watch retailers. However, only 15 percent of these retailers specialize in luxury watches. This leaves you with around fifty options to browse. The selection of luxury watches for sale can vary from week to week so it is worth taking your time to search for the right watch at the right price. Extensive window shopping can help you get a better understanding of the watch market. You'll be able find better bargains if you anticipate a price drop.

Don't settle on a fake

Fakes can look good for a few hundreds less, but they will not last as well. Fakes have low resale values and tend to be less valuable than the real thing, which is more stable over time. It is much better to buy a preowned luxury watch for a lower price than to get a brand new one.

Do you buy online?

Online shopping opens up a new world of shopping opportunities. Many online sellers selling goods from Singapore will not sell to Singaporeans, mainly because of tax issues. These retailers only serve markets outside of Singapore. This shouldn't be a problem as there are many other retailers that will sell to Singaporeans. It is easy to compare brands prices and availability at your convenience from the comfort of home. Always verify the rating, reputation, and customer reviews for a retailer. You can contact the seller via email if you are not satisfied with your purchase.

Never accept the first deal.

This is especially true when purchasing pre-owned luxury watches. Even if the price is too high, you should ask for additional perks, such as free repairs, new batteries and a cleaning. If this is something you value, make sure to ask about packaging options. To avoid buyer's remorse, it is essential to understand the sellers return policy. If you are unhappy with the watch or find it in poor condition, the seller may offer a refund or replacement.

Do your research

Any buyer can become more confident by knowing the facts. Luxury watch brands try to educate their customers about their products. A wealth of information is available on brand websites, watch collector forums, or watch hobbyist blogs. You don't need to be a master watchsmith but it is helpful to have some knowledge. It takes a little bit of research to find the right brand and models for you. You should also consider overhead costs like shipping, taxes, and other fees.