Our deposit and rental fees
Our price structuring is entirely based off the watches current market value, not the retail value. This allows us to adjust our prices to what the market currently is. For many brands this can be CHEAPER than retail.
1
Initial deposit
The initial deposit is held throughout the entire rental period and is considered a safety deposit and can be fully refundable, minus a small reconditioning fee, as long as there is no damage to the watch once we get it back. If you choose to exchange your watch for a different model the deposit can be carried over and the reconditioning fee is then waived.
2
Rental fee- Long term rentals
Long term rentals are considered any period of time longer than 3 weeks and billed on a monthly cycle. The associated rental fee is a small percentage of the watches current market value and will remain constant during the rental period.
3
Rental fee- Short term rentals
Short term rentals are classified as periods shorter than three weeks and a minimum time of 4 days. The associated rental fee is based on a percentage of the watches market value and is billed at a set per day cost.
4
Loss and damage policy
After you the watch is delivered to your address you are now responsible for the care and preservation of the timepiece. Damaged watches are too be sent back to Borrowed Time to be assessed by a jeweler and the cost to fix will be taken from the security deposit. If the watch is lost or stolen, the renter will be solely responsible for the entire market value of the watch.