Can You Finance A Rolex?

Can you spread out the costs of a Rolex watch with finance? We take a closer look at how you can finance your Rolex and what you need to qualify.

Updated March 2023

Fact checked by Cathy Gresham

Can You Finance A Rolex?

With the price of a Rolex watches ranging from a few thousand dollars to tens of thousands of dollars, it might be a good idea to look for finance options.

Then again, if you can’t pay cash upfront for a luxury purchase like this, it might be wise to pause and consider if you can really afford it, or if you might be better off investing the money you would spend on the watch.

Financing your jewelry helps you spread the cost over time, so you don’t have to worry about paying a large sum of money immediately.

There are a number of different finance options for paying your Rolex off, from a personal loan to a layaway program.

In this article, we take a closer look at how you can finance your Rolex and what you need to qualify for finance.

Can You Finance A Rolex Watch?

Yes, you can pay your Rolex watch or other Rolex jewelry in pay installments over a set period of time.

How you finance your Rolex depends on what finance option works for you and what the jewelry store where you buy your watch offers.

You can take out either a personal loan to finance the Rolex or pay through leasing or layaway programs.

It’s important to keep in mind that all finance options will make the purchase more expensive, through interest charges, financing fees, and/or various other fees.

These charges are added to the buying amount of your watch. Often, the sooner you pay your Rolex off, the fewer fees you will have to pay.

Can You Finance A Rolex?

Can I Do Monthly Payments On Rolex?

Yes, you can buy a Rolex and pay for it in monthly installments.

The amount of the installments and paying off time depends on the overall price of your Rolex watch and the payment conditions of the store where you buy it.

Different vendors offer different conditions and interest rates that are added on top of the original purchase price.

Finance Options For A Rolex

If you have a negative credit record or you don’t want to pay for your watch in one large sum, then you can finance your Rolex.

Here are different Rolex finance options and what you need to qualify for each.

Leasing A Rolex

Progressive leasing allows you to lease your Rolex. While you won’t own your watch until you paid off a certain amount, you will be able to take the Rolex home with you.

As part of a progressive leasing program, you won’t need to pay interest charges but you will need to pay leasing costs.

Depending on how quickly you can pay off the item, you may be able to avoid high leasing fees.

Not all applicants are approved by leasing companies. While you may not strictly need a credit history to apply for this finance option, they still may check your credit report.

Personal Loan

Personal loans are one of the easiest ways to purchase your Rolex in installments. You usually have a fixed term to pay a set amount each month.

This clear repayment plan of the installment loan allows you to budget better. Plus, you know exactly what your monthly payments will be.

Personal loans could be either secured or unsecured. Unsecured loans don’t require any collateral (such as your house or car) for you to qualify.

You can take out a personal loan for almost any purchase, including premium jewelry. You can even use a personal loan to pay off other debts or emergency expenses.

As some personal loans don’t require you to have any collateral, lenders look closely at your credit history, income, and credit score.

Most lenders do an initial “soft credit check” which doesn’t affect your credit score but it’s a prequalification option.

A personal loan may be best for anyone with a good credit history. It also offers much lower interest rates than other finance options.

Layaway Program

Layaway programs help you spread the costs across several months. While most layaway programs only run a few months, a Rolex layaway could extend to a year or longer.

Layaways don’t typically charge interests but you should expect a finance charge to cover the administration costs.

One of the biggest advantages of layaway programs is that aren’t covered under credit. This means that even late payments won’t appear on your credit report.

The lenders won’t do a credit check but they may charge you a cancellation fee if you decide to back out of the purchase early.

However, there is also a downside to the layaway finance option. You only receive your Rolex after you paid all installments.

Buy Now, Pay Later Loan

Affirm, one example of a buy now, pay later provider, is a finance company that provides financing options to different retailers and vendors.

You only have access to Affirm financing when your chosen Rolex merchant offers this option.

With Affirm, you can pay your Rolex off in up to 48 months installments. The APRs range from 0% to over 30%. These rates are based primarily on your creditworthiness.

Credit Card

You can also purchase your Rolex with a credit. However, this is not the cheapest option as you will likely face high-interest rates.

The majority of card issuers offer variable rates that depend on the market. This can be a great option if financial markets are steady and you only want to finance for a short time.

However, it’s important to remember that credit card interest adds up over time which can make it difficult to pay a large amount off.

It’s worth checking if you qualify for an introductory 0% interest rate. This can make buying a Rolex more affordable and you can avoid the higher APRs.

If you have a higher credit score, then making a Rolex purchase may not as expensive as with some other financial products.


Final Thoughts

When you are looking to a buy a Rolex, then it is a good idea to check financing options before you buy.

If you want to spread the cost of your new Rolex watch, then you have the option to finance a Rolex with a personal loan, layaway programs, or other financing provided by your Rolex vendor.

Editor's Note:

At Personal Finance Guru, we want to help you maximize your lifestyle through personal finance. You can trust the integrity of our independent financial advice. Our opinions our own and have not been provided, review, approved, or endorsed by any advertiser or financial product provider. To support and grow the site, however, we may receive compensation from the issuers of some products.

Author bio:

Cody Beecham

Cody Beecham


Cody is the founder and owner of Personal Finance Guru. His day job is as a management consultant at one of the Top 3 firms (think Mckinsey, Bain), where he advises Fortune 500 C-suite clients on their most important and pressing business problems. He completed his business education at Harvard Business School. 

After seeing the lack of personal finance education for regular people, Cody started the website with the mission to provide everyone access to information that will help them achieve their financial goals.

Cody approaches personal finance from a maximalist perspective, shunning typical advice around simply not buying a cup of coffee instead of more effective methods like investing in yourself to quickly grow your income. 

He believes in saving money and investing for the future, but he also knows that you need to enjoy life today. That’s why Cody approaches money with a sense of humor and a positive attitude. He knows that if you’re not having fun while you’re growing your wealth, then what’s the point?

Cody approaches life with the same gusto that he brings to personal finance. He loves to travel and experience new cultures, and he is an avid reader and learner. He also enjoys playing sports (especially tennis) and spending time with his family and friends.