Watches on Finance: Everything You Need to Know

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Are you in search of a brand new timepiece but unable to pay upfront? No worries! Watches on finance are a great option in the UK. This enables you to pay for your purchase over a period of time, making it more manageable. You can opt for interest-free credit orders, allowing you to pay the total amount within a specific period without incurring any extra charges. 

You can buy a watch using credit in UK

Some finance options offer months of interest-free credit, which means that you will only need to pay the initial cost of the watch. As a regulated financial institution, the Financial Conduct Authority ensures that credit reference agencies hold information on you with utmost care. Before proceeding with a finance option, ensure to read the credit agreement carefully.

In this article, we’ll take you through everything you need to know about watches on finance, including interest-free credit, credit agreements, finance options, and more.

Interest-Free Credit

Interest-free credit is an attractive way to purchase watches with finance. You can buy the watch you want and spread the cost over a few months without incurring any interest charges. Interest-free credit options are available for a range of months, usually from 3 to 12 months, depending on the store. It’s important to remember that when applying for an interest-free credit order, you must read the credit agreement carefully, as it is regulated by the Financial Conduct Authority. Your credit file will be checked by credit reference agencies, and they will hold information about your creditworthiness. When you make a purchase, you’ll need to pay a representative example cash price, and you’ll be protected under the Consumer Credit Act. Many retailers offer flexible deposit pay options, and you may need to undergo a credit reference search to access them.

To take advantage of interest-free credit, you’ll need to sign a credit agreement with the retailer. The credit agreement outlines the terms and conditions of your finance agreement, including the repayment period and the interest rate.

Finance Options

There are a few different finance options available when buying watches with credit. In addition to interest-free credit, you may also have the option to choose interest-bearing finance options. This means you’ll pay interest on your finance agreement, but you’ll typically have longer repayment terms available.

Some retailers also offer showroom interest-free credit, which allows you to apply for credit directly in-store. This can be a convenient option if you’re looking to make a purchase quickly.

Applying for Finance

To apply for finance, you’ll typically need to provide some basic information, such as your contact details, UK bank account information, and employment status. Some retailers also offer the option to pay using PayPal Credit.

Before applying for finance, it’s important to carefully review the terms and conditions of the credit agreement. This includes understanding the minimum spend for interest-free credit, flexible deposit options, and the potential impact on your credit file.

Credit Reference Agencies

When you apply for finance, the retailer will likely perform a credit check using credit reference agencies. These agencies hold information on your credit history and use it to determine your creditworthiness.

It’s important to note that applying for credit can impact your credit file, so it’s important to only apply for finance when you need it and can afford it.

Monthly Repayments

When you buy watches using finance, you’ll typically make monthly repayments via direct debit. It’s important to make sure you have enough money in your account to cover the repayment amount each month, as missed payments can negatively impact your credit score.

If you’re struggling to make your monthly payments, it’s important to contact the finance company as soon as possible. They may be able to offer you more flexible repayment terms or other solutions to help you manage your financial circumstances.


Buying watches on credit can be a great way to make your dream watch more affordable. However, it’s important to carefully review the terms and conditions of any credit agreement and only apply for finance when you can afford it.

As with any credit agreement, missed payments can negatively impact your credit score, so it’s important to make sure you have enough money in your account each month to cover your repayments.

If you have any questions about buying watches with finance or need further information, don’t hesitate to contact the retailer’s client experience team. They’ll be able to provide you with a final response detailing the options available to you and any further information you need to make an informed decision.

Buying a new watch can be a well-deserved treat, it’s more affordable than ever before. So, why not spread the cost and enjoy your special purchase today?