Considering a DD II (if financing options are available) or TT Sub blue dial

[Hiya Buddy]

Hi guys,

I'm trying to decide between two fabulous Rolex watches. I already own 2, both TT DJ IIs, and I'm thinking of getting a third sometime in 2012. My choices seem to be the best, as I have verified that my mom likes both watches and she wants me to pick the right one (I'm 19, not some 40 year old guy living in his mom's basement).

My first option is a TT Sub C steel and yellow gold with blue dial/bezel. It's been advertised around Boston and an AD (Ross Simons) has a poster of it on their wall. Its a pretty classic piece and I would eventually like to own a watch from the Submariner collection. Honestly, I really like it because my first ever watch was the TT DJ II steel and yellow gold with champagne diamond dial and fluted bezel. It was the watch that literally caught my eye on my summer vacation to Aruba and my first Rolex. Never in a million years would I suspect that I would own a Rolex until my mom said "Let's get it, you seem to really like it."

My second choice is rather lavish and would give me that conceited bastard look. It is the DD II in Rose Gold possibly diamond dial, but I think the Arabic numbers are cool enough seeing as the watch itself is flashy enough and the diamonds would take away from the gold. I choose this one over the WG and YG because I don't have anything RG yet and the Platinum one would enslave my family and I in debt.

Now I have a question. I have heard that there are jewelers that offer 2 or 3 years of financing. The only one I have heard of so far is one in London and problem is I live in the US and not looking to go to London just for a watch. Don't get me wrong England is a wonderful country, I have been there, it just doesn't seem practical to travel 3000 miles to buy a time piece although I went to Aruba but I wasn't searching for a Rolex at the time and just happened to buy one. Anybody know of a jeweler in the northeast (maybe NYC or Boston) that will offer that sort of financing because I cannot get 37 grand on hand and I am not at the liberty to put it on a credit card. If anybody knows about this you will be a big help.

So I'm torn between these two watches. At Long's Jewelers here in Boston the sales associate offered me the TT blue dial sub for around 10,300 plus tax on the full price of the watch. I am wondering if wearing a DD II is a little too much for me considering my age, I mean I'm not even 30 yet and heck I'm not even married with kids or a house. Sales people have told me it will look a little unusual for my age and people in the younger crowd tend to go for Subs and a TT watch in steel and yellow gold is kinda pushing it for the younger crowd. So I don't think they're trying to scam me or force me into buying it. I never let a rep push me around when buying because it's a big investment.

I can say that I have tried the YG DD II when I was Hawaii last year over the summer. I didn't think about buying one then, but a year later and with two Rolex watches I'm seriously considering the DD II in RG if I could find a jeweler with a financing option seeing as the most I could put up would be around 15 grand or half its price. If not I will "settle" for the Sub ha ha because it's still a nice watch. Again if anyone can help with finding a jeweler with financing options it would be much appreciated.

So what do you guys think. Which watch is the right one for me. I love the DD II but I also the sub. And what better place to seek an answer than TRF.

Thanks for your help, any answers are appreciated!

[rohardi]

I'm 33 and I say TT Sub C!

[esm]

Originally Posted by Hiya Buddy

(I'm 19, not some 40 year old guy living in his mom's basement).

whats that got to do with the price of fish in China?

Originally Posted by Hiya Buddy

Now I have a question. I have heard that there are jewelers that offer 2 or 3 years of financing. The only one I have heard of so far is one in London and problem is I live in the US and not looking to go to London just for a watch. Don't get me wrong England is a wonderful country, I have been there, it just doesn't seem practical to travel 3000 miles to buy a time piece

most of the major chain ADs here in the UK offers a 2 or 3 years interest free financing. you'd need to provide various documentation before you are qualified - such as UK bank account, residential address and employment contract/pay slips.

if you or your mum can provide them document, it'd probably worthwhile to make the trip

Originally Posted by Hiya Buddy

So what do you guys think. Which watch is the right one for me. I love the DD II but I also the sub. And what better place to seek an answer than TRF.

Thanks for your help, any answers are appreciated!

simple - get both.
its the case of itch. scratch. job done.

[rolexkiwi]

Hi there, I say buy what you can afford. I wouldn't finance. Someone else makes money and you loose money. Maybe flip one other to purchase the new piece. You have 2 Dj 2's both TT, what's the difference in them? Could you sell one off and be happy with that?
My two cents.
Cheers.

[dalip]

You use the phrase "settle for the sub". But actually the sub is what you can afford. Financing a luxury item such as a watch will start you on a path that'll end badly IMO. You'll just collect more and more debt. In a year you'll finance again and so on... If I had your sort of disposable income right now I'd work to get on the property ladder. Once you've a house/apartment and are making payments etc see what's left. Then know what you can afford in terms of watches. Be happy with what you have. Or if you have to, trade a DJ for the sub. It's a fantastic watch and would be my choice over the DDII rg. Two rolex watches of that calibre is pretty fantastic. Good luck.

[psv]

Rule 1 in life: Only finance infrastructure investments, like a house - NEVER consumption like a watch. Rule # 2: always have at least twice as much available in cash as the item you are looking to buy, i.e. in your case if you have $20,000 in cash lying around then it is OK to spend $10,000 on a watch.

If you follow these rules in life your journey will be a smooth one, at least financially speaking.

[imono]

http://liljenquist.com/

They are offering Rolex financing on Dec 3,4,5 in the Va stores.
Not sure if it is free interest or with %.

[ktmd]

You are 19? Why on earth would you want to buy a watch so expensive you need to finance it?

[z0mghenry]

At 19, I was in college and spending most money on books, going out, or drinking. I don't mean to put you off from a purchase, but if you are looking to finance, then I would assume that would eat up your money. Just remember there will always be another time to buy a watch, but you can only live your younger years once...just my 2 cents.

[dooder202]

Originally Posted by z0mghenry

At 19, I was in college and spending most money on books, going out, or drinking. I don't mean to put you off from a purchase, but if you are looking to finance, then I would assume that would eat up your money. Just remember there will always be another time to buy a watch, but you can only live your younger years once...just my 2 cents.

Agreed.

That is if you do like to go out and live up your younger years.

In contrast, now is a good time to get the watch paid for and taken care of in full so when you get older, start a family, buy/build a house, etc. You already have the watch and it's paid for..

[VetteBandit]

Originally Posted by ktmd

You are 19? Why on earth would you want to buy a watch so expensive you need to finance it?

+1. I think you need to take a step back and think about some long term goals and not just material items. Are you planning to attend college, grad school, etc? Perhaps this money would come in handy for that journey?

I certainly don't want to tell you how to live or spend cash, but I think you need to think big picture and not just in the moment. Financing this sort of purchase will not help you in the long run......i would think. You have two great pieces, enjoy them.

[warren G.]

Originally Posted by psv

Rule 1 in life: Only finance infrastructure investments, like a house - NEVER consumption like a watch. Rule # 2: always have at least twice as much available in cash as the item you are looking to buy, i.e. in your case if you have $20,000 in cash lying around then it is OK to spend $10,000 on a watch.

If you follow these rules in life your journey will be a smooth one, at least financially speaking.

THIS.... especially rule #2 when it comes to luxury goods.

I'm a 21 year old student and I thought about financing a watch when I was 19. I'm very blessed to have my tuition paid off via grants and scholarship. I also work part time just to have some money to save/play with each month. With that said, I had a chance to buy my SD a lot sooner. Instead spending majority of my $$$ on a watch. I decide for every extra shifts or side jobs I get. I'll put the money on the side for my Rolex. I manage to pick up 550 extra hours at work and couple thousands from all my extra side jobs over in a year span. It was pretty hard at first... Since I didn't want to over load myself during school.

Majority of the hours came from the summer where I had to hustle for more hours and praying I wouldn't get hurt from a random Craig List ad. I mean I was so busy during the summer and focus on working. I was so driven, I took off only once during that summer. After all that work, I had more then enough to buy my SD and I was still on pace for saving up for my retirement/other savings and I had a lot more cash in my checking account. I went on a really nice vacation after I bought my SD.

Basically, just be patient and the watch WILL be there. You don't have to work like a dog like me.

[Watchonisto]

Originally Posted by psv

Rule 1 in life: Only finance infrastructure investments, like a house - NEVER consumption like a watch. Rule # 2: always have at least twice as much available in cash as the item you are looking to buy, i.e. in your case if you have $20,000 in cash lying around then it is OK to spend $10,000 on a watch.

If you follow these rules in life your journey will be a smooth one, at least financially speaking.

Damn right Patrick

[brownbear]

Originally Posted by psv

Rule 1 in life: Only finance infrastructure investments, like a house - NEVER consumption like a watch. Rule # 2: always have at least twice as much available in cash as the item you are looking to buy, i.e. in your case if you have $20,000 in cash lying around then it is OK to spend $10,000 on a watch.

If you follow these rules in life your journey will be a smooth one, at least financially speaking.

well said...

[rangoon]

Originally Posted by psv

Rule 1 in life: Only finance infrastructure investments, like a house - NEVER consumption like a watch. Rule # 2: always have at least twice as much available in cash as the item you are looking to buy, i.e. in your case if you have $20,000 in cash lying around then it is OK to spend $10,000 on a watch.

If you follow these rules in life your journey will be a smooth one, at least financially speaking.

I applied Rule # 2 and now i am am living through this



Old saying : Appreciated what you had and don't go beyond what you could afford. Never finance for lifestyle !

[FremStar]

[FremStar]

@Hiya_Buddy, Dalip has given you sound advice! I am not 30 yet either, however, own my home (via mortgage), am married, and have travelled around the world quite a bit. Would a DD2 look unusal on you? No, however, reflecting back at 19 I was focused on finishing school and having fun with the camaraderie my university had to offer. I also noticed you like high fashion which is great, yet as with time trends change. Take that cash your Mom would spend on the sub or DD2 and buy some bonds or a financial instrument that will earn you hard cash. Obviously this is my opinion and not meant to offend. You have 2 quality pieces in your collection, enjoy them. FYI, I was supposed to link up with Larry K this weekend to hear the full story of what you shared with us on TRF a few weeks ago yet time did not allow me to go All the best and enjoy college, time flies then the real work starts!

[MortgageGuy]

Originally Posted by dalip

You use the phrase "settle for the sub". But actually the sub is what you can afford. Financing a luxury item such as a watch will start you on a path that'll end badly IMO. You'll just collect more and more debt. In a year you'll finance again and so on... If I had your sort of disposable income right now I'd work to get on the property ladder. Once you've a house/apartment and are making payments etc see what's left. Then know what you can afford in terms of watches. Be happy with what you have. Or if you have to, trade a DJ for the sub. It's a fantastic watch and would be my choice over the DDII rg. Two rolex watches of that calibre is pretty fantastic. Good luck.

Originally Posted by FremStar

@Hiya_Buddy, Dalip has given you sound advice! I am not 30 yet either, however, own my home (via mortgage), am married, and have travelled around the world quite a bit. Would a DD2 look unusal on you? No, however, reflecting back at 19 I was focused on finishing school and having fun with the camaraderie my university had to offer. I also noticed you like high fashion which is great, yet as with time trends change. Take that cash your Mom would spend on the sub or DD2 and buy some bonds or a financial instrument that will earn you hard cash. Obviously this is my opinion and not meant to offend. You have 2 quality pieces in your collection, enjoy them. FYI, I was supposed to link up with Larry K this weekend to hear the full story of what you shared with us on TRF a few weeks ago yet time did not allow me to go All the best and enjoy college, time flies then the real work starts!

X2, very well said from the both of you I too would be saving $$$ or put it toward the purchase of a home That is meaning I would not finance a watch... Grab the Sub IMHO

[johnbeth]

Originally Posted by dalip

You use the phrase "settle for the sub". But actually the sub is what you can afford. Financing a luxury item such as a watch will start you on a path that'll end badly IMO. You'll just collect more and more debt. In a year you'll finance again and so on... If I had your sort of disposable income right now I'd work to get on the property ladder. Once you've a house/apartment and are making payments etc see what's left. Then know what you can afford in terms of watches. Be happy with what you have. Or if you have to, trade a DJ for the sub. It's a fantastic watch and would be my choice over the DDII rg. Two rolex watches of that calibre is pretty fantastic. Good luck.

Originally Posted by FremStar

@Hiya_Buddy, Dalip has given you sound advice! I am not 30 yet either, however, own my home (via mortgage), am married, and have travelled around the world quite a bit. Would a DD2 look unusal on you? No, however, reflecting back at 19 I was focused on finishing school and having fun with the camaraderie my university had to offer. I also noticed you like high fashion which is great, yet as with time trends change. Take that cash your Mom would spend on the sub or DD2 and buy some bonds or a financial instrument that will earn you hard cash. Obviously this is my opinion and not meant to offend. You have 2 quality pieces in your collection, enjoy them. FYI, I was supposed to link up with Larry K this weekend to hear the full story of what you shared with us on TRF a few weeks ago yet time did not allow me to go All the best and enjoy college, time flies then the real work starts!

Wise advise! Just to add, if you need to finance a luxury item, means that you can not afford it and therefore it would be a financial mistake especially in your young age.

[Watch Professor]

Originally Posted by fremstar

@hiya_buddy, dalip has given you sound advice! I am not 30 yet either, however, own my home (via mortgage), am married, and have travelled around the world quite a bit. Would a dd2 look unusal on you? No, however, reflecting back at 19 i was focused on finishing school and having fun with the camaraderie my university had to offer. I also noticed you like high fashion which is great, yet as with time trends change. Take that cash your mom would spend on the sub or dd2 and buy some bonds or a financial instrument that will earn you hard cash. Obviously this is my opinion and not meant to offend. You have 2 quality pieces in your collection, enjoy them. Fyi, i was supposed to link up with larry k this weekend to hear the full story of what you shared with us on trf a few weeks ago yet time did not allow me to go All the best and enjoy college, time flies then the real work starts!

x2

[agsstructures]

I would be happy with the 2-DJII's you have and put the rest of the money towards tuition or save the money for when you eventually need to settle down and buy a place. A DDII at 19 is crazy especially if you would need to finance. Maybe even switch up the collection, keep one DJII and trade the other in for a Sub or GMT. Your very young and there will be plenty of time to buy more watches but for now I think your good with what you have.

[sub2004]

If I were you my brother, I would:

1. Sell one (or both) your date-justs

2. Get a steel sub

3. Save your tuition money and apply to Harvard College

4. Avoid any sort of debt/financing/hidden cost transactions

The watch will always be there brother, get a a good education, enjoy these years and I'm sure the finer things in life will come in due course.

You can always walk into a Rolex AD and buy a watch. But after a certain age, education, the right career etc all gets very difficult.

Cheers man

[rr-nyc]

You're 19 so get a watch you can afford to pay in cash. Being 19, you have a year or credit history at best. The reality is that you won't find a bank to approve you for a $37k revolving line of credit. You'd have a tough enough time getting approved for a secured loan let alone an unsecured one.

Besides, youd look ridiculous wearing a rose gold, diamond crusted watch at your age.

[Stonedcl]

But when you wear binnionare boys gear you gotta be sportin a gold day date with diamonds..!!

[Hiya Buddy]

Ok people saying go to college...I am in college already and studying my tuition is something that will be covered by my parents (they even told me so) and school is not 40+ grand a year for me seeing as I am resident of MA and going to UMASS Boston. So on average my parents save 30+ k a year since my tuition isn't gut wrenching and we don't have to deal with the headaches in loans. I was simply looking for a jeweler that did no interest when financing here in the US (sometimes what I may ask for is impossible..) and it would be under my mother's name if she were to purchase the watch.

@rr-nyc It's not diamond crusted I meant diamond dial not diamond bezel I think the gold in the watch is more than enough to create an appearance.

To the people who say sell my DJ II I would sell the steel and yellow with diamond dial and take that money to put towards the DD II, but is it easy to find the watch I would sell? How much would I get for DJ II it's got some scratches on the bracelet and bezel even though I've only owned it for 4 months. It still shines and is fairly new.

@dalip property aint pretty in my area of town and owning land here is tough. My parents bought the land for our business for 100k back in the 70's when they first came to America and now its worth at least 10 times that. So land is effin expensive here.

@FremStar nice to hear from you again on my post. Too bad you couldn't see Larry over the weekend. I would only make those investments after I get my DD II because IMO it is the watch of watches (I know there are others that could be way better in other people's eyes but for me ever since I tried it on in Hawaii I really wanted it so badly). Put it this way, if I get a DD II I would be all set with watches until I'm in my late 30's and have accrued enough money to get a Sub or something else after living my life. So its like a milestone for me. I hope to own it before 30 but I would never take on the subway, however my hoodie or jacket sleeves always cover up my watch so no one ever knows what the heck I'm wearing but knowing my mom, she would forbid me from wearing it on the subway.

Its expensive I know that, but I'm not asking for an bmw M3 with all the bells and whistles. I would rather have a DD II than a BMW because parking is headache in my city and most people take public transportation and in terms of the job I'm shooting for the subway leaves me right across the street from the hospital...

Ultimately, I would have to compare the RG to YG to see if it is indeed worth the extra 5 grand. My mom keeps reminding me that RG is a bit feminine and the YG is more classic. WG I don't want seeing as the DJ II I have with the WG bezel resembles the DD II from far away. @FremStar Larry actually took out the WG DD II and put it next to the DJ II I was buying and said "Tell me they don't look the same..."

So saving 5 grand would help if I didn't choose the RG, but I would have to see the RG in person to determine if its for me or if I'm better off with YG. I have been told that YG suits me better than WG or RG because of my complexion by reps from all the high end jewelers (H.Stern, Cartier, Bulgari, etc). So I might consider it in YG, but would it be better to get a vintage YG DD II or go all out and get the new DD II?

[Hiya Buddy]

@Warren G that sounds tough I know what it is to work man. I work for my parents on the days off I have from school and even on vacations. We are open 365 days a year. 8 AM to 11:30 PM (the legal hours to sell alcohol in MA). I do it every day, sometimes we stay late to clean up, restock shelves, etc etc I am mentally conditioned to work long hours. My parents still have 8 years to go before they can retire, so my brother and I will help them run the business...

Put it this way, I'm up for school at 7 but probably go to bed at 3 AM the night before and I don't need several cups of coffee to get my ass in gear Whenever somebody goes out, somebody else covers for them. So while my mom and brother take a 2 week vacation I run the place with my dad and vice versa. It's hard work but it beats minimum wage when you can travel around the world and buy nice pieces of jewelry and nice clothing lol.

[watchf]

If you already have two DJ II then go for the TT blue sub. I have a TT blue sub ceramic, a TT DJ II and a 36mm YG DD, all are very different (obviously) but I personally prefer variety so having watches from the dress line up and sports line up is better than having only watches from one (dress). I wear my TT blue Subc more than my TT DJ II but both are exceptional timepieces.

[daunwaun]

And this ladies and gentlemen is the reason the world is in a financial mess. Spending before saving, wanting more than we can afford and then going out and putting it on credit.

Honestly, where are your parents in all of this? It seems like your wanting these watches to make a statement? Why not take the $30,000 and put a down payment on a real estate investment that would pay you $1000 a month and then you could finance the watch by having an investment pay it off for you??

One of the major reasons we are in a financial mess is because they don't teach the principals of money in school, at any level...

*Sigh* I rest my case...

[paverman]

Originally Posted by daunwaun

And this ladies and gentlemen is the reason the world is in a financial mess. Spending before saving, wanting more than we can afford and then going out and putting it on credit.

Honestly, where are your parents in all of this? It seems like your wanting these watches to make a statement? Why not take the $30,000 and put a down payment on a real estate investment that would pay you $1000 a month and then you could finance the watch by having an investment pay it off for you??

One of the major reasons we are in a financial mess is because they don't teach the principals of money in school, at any level...

*Sigh* I rest my case...

Yeah, what he said.

[ktmd]

Originally Posted by daunwaun

And this ladies and gentlemen is the reason the world is in a financial mess. Spending before saving, wanting more than we can afford and then going out and putting it on credit.

Yes