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chris_nor_cal · 11 September 2007, 06:25 AM

Question...
I was in an AD and pondering a trade. The guy said they would offer me like 3 grand for my Z Series 5 month old SS Sub-Date. That seemed awful low for me, especially considering I was going turn around and give him the money right back. What is SOP for this kind of thing?

SPACE-DWELLER · 11 September 2007, 06:34 AM

Well, I think you should be able to get more than 3 K in a private sale.

As you would know, I was very lucky to simply swob my SS Sub Date for an SD recently.

SOP stands for Sales Order Processing but I haven't got a clue what that involves, I must admit!

Tools · 11 September 2007, 06:41 AM

Trade-ins for a watch aren't much different than trade-ins for a car. A trade-in is for your convenience and nothing else.

The dealer will want to make a profit at both ends, initial sale, and re-sale. Plus he will make a profit off the watch you trade in for.

You are almost always better off selling it yourself, then using the cash to make your best deal..

Alcan · 11 September 2007, 08:58 AM

Quote:

Originally Posted by Spacedweller

SOP stands for Sales Order Processing

Pretty sure this SOP is Standard Operating Procedure, Bo.

Tools · 11 September 2007, 09:03 AM

Quote:

Originally Posted by Alcan

Pretty sure this SOP is Standard Operating Procedure, Bo.

Yep...

SOP for a trade-in is generally pretty universal, doesn't matter what the product is ....

Bend over, close your eyes, and ask for it gently...

chris_nor_cal · 11 September 2007, 09:04 AM

Quote:

Originally Posted by Tools

Yep...

SOP for a trade-in is generally pretty universal, doesn't matter what the product is ....

Bend over, close your eyes, and ask for it gently...

i figured as much, i just thought that they wouldnt try to make so much on the front end since i was giving them the cash back. lol. BOHICA

SPACE-DWELLER · 11 September 2007, 05:54 PM

Quote:

Originally Posted by Tools

Bend over, close your eyes, and ask for it gently...

....JJ said to the sheep

Robb · 11 September 2007, 06:38 AM

I have never traded in a watch but that does seem low!!!

roadcarver · 11 September 2007, 06:40 AM

You should be able to get more than that... $3800 and onwards. Do a chec on Timezone SC and see the going rates for 16610.

Usually ADs buying back is not a good route since they always tend to low ball you.

SPACE-DWELLER · 11 September 2007, 06:45 AM

Yes, I would definately sell it privately!

What would you like instead of the Sub Date then?

yachtsales · 11 September 2007, 06:47 AM

The AD dealer here gives 80% value on trade, but only on an upgrade purchase

chris_nor_cal · 11 September 2007, 07:01 AM

like from SS to TT or TT to 18k?

yachtsales · 11 September 2007, 10:39 AM

Quote:

Originally Posted by chris_nor_cal

like from SS to TT or TT to 18k?

The AD told me from a ss to a tt or tt to gold, yes

leopardprey · 11 September 2007, 11:47 AM

That is about right for a trade in, as the AD has to make a profit when he resells. You should try to sell on your own, you can probably get close to $3900 -$4000 for it.

Green Arrow · 11 September 2007, 12:54 PM

Quote:

Originally Posted by chris_nor_cal

Question...
I was in an AD and pondering a trade. The guy said they would offer me like 3 grand for my Z Series 5 month old SS Sub-Date. That seemed awful low for me, especially considering I was going turn around and give him the money right back. What is SOP for this kind of thing?

I just traded in my new Yachtmaster II that I purchased at an AD in August for my new GMT II -C Green Arrow. The AD, Davidson & Licht, (Randy the Manager) told me immediately NOT to trade my YM in. He said the way to make money on a Rolex is to own it over ten years by which time increases in prices get you back more than you paid on a trade.... or sell privately to do the best you can.

That was very good advice, that I promptly ignored, got the best deal he could find me, and am now enjoying my AD acquired new GMT.

Andad · 11 September 2007, 01:57 PM

An AD can buy a watch wholesale from Rolex for lets say retail less 40%. A Sub Date at 5175 retail costs him 3105. Why would he want to buy a second hand Sub for more than wholesale price.
Unless you are a blood relative you take a bath. Then the AD sells it as a new watch because "you are lucky to get New Old Stock". From memory I think you changed over an SD for a Sub and that exchange went well for you. I remember making a comment then that some 'new' Rolex buyer got a 'new second hand watch'.

leopardprey · 11 September 2007, 10:38 PM

The only good deal I ever got from a watch dealer, was selling my Sub LV. They paid me what I bought for it, MSRP. Of course that was in Malaysia where the Sub LV was selling for $1500-$2000 over MSRP. So it was very easy for the dealer to sell my used and scratched up Sub LV for only a couple hundred over MSRP and make a quick profit, which he did the next day.

I did once also trade a GMT II in on a new DateJust at a AD as well. Ended up loosing about $600 overall in the transaction.

John685 · 12 September 2007, 01:24 AM

Quote:

Originally Posted by chris_nor_cal

Question...
I was in an AD and pondering a trade. The guy said they would offer me like 3 grand for my Z Series 5 month old SS Sub-Date. That seemed awful low for me, especially considering I was going turn around and give him the money right back. What is SOP for this kind of thing?

AD's operate on the same premise as used car salesmen..."you give me yours and I'll sell you mine."

Welshwatchman · 12 September 2007, 03:29 AM

WOS in Cardiff offered me £950 for my old 18ct Zenith El Primero Class in p/ex against a very expensive watch on which they offered no discount.

I sold it on Ebay for £2615 one week later and bought the other watch from a specialist, saving £XXXX.

11 September 2007, 06:25 AM	#1
chris_nor_cal "TRF" Member Join Date: Nov 2006 Location: CA Posts: 688	Trading your watch in to the AD Question... I was in an AD and pondering a trade. The guy said they would offer me like 3 grand for my Z Series 5 month old SS Sub-Date. That seemed awful low for me, especially considering I was going turn around and give him the money right back. What is SOP for this kind of thing? __________________

11 September 2007, 06:34 AM	#2
SPACE-DWELLER "TRF" Member Join Date: Apr 2007 Real Name: Bo Location: Denmark Watch: Rolex, of course! Posts: 22,436	Well, I think you should be able to get more than 3 K in a private sale. As you would know, I was very lucky to simply swob my SS Sub Date for an SD recently. SOP stands for Sales Order Processing but I haven't got a clue what that involves, I must admit! __________________ With kind regards, Bo LocTite 221: The Taming Of The Screw...

11 September 2007, 06:38 AM	#8
Robb 2024 ROLEX SUBMARINER 41 Pledge Member Join Date: Jun 2007 Real Name: Robb Location: USA Watch: BLNR Posts: 4,939	I have never traded in a watch but that does seem low!!! __________________ 126610LN l 166610LV l 126619LB l 116710BLNR l 126710BLRO l 126720VTNR l 126718GRNR l 116500 white l 116500 black l 116508 john mayer l 116519LN l 116503 white l 126655 l 226627 Ti Master l 116518LN

11 September 2007, 06:40 AM	#9
roadcarver "TRF" Member Join Date: Aug 2006 Real Name: Vernon Location: C-a-n-a-d-a Watch: 16600 Posts: 5,641	You should be able to get more than that... $3800 and onwards. Do a chec on Timezone SC and see the going rates for 16610. Usually ADs buying back is not a good route since they always tend to low ball you. __________________ I'm just a cook...

11 September 2007, 06:45 AM	#10
SPACE-DWELLER "TRF" Member Join Date: Apr 2007 Real Name: Bo Location: Denmark Watch: Rolex, of course! Posts: 22,436	Yes, I would definately sell it privately! What would you like instead of the Sub Date then? __________________ With kind regards, Bo LocTite 221: The Taming Of The Screw...

11 September 2007, 06:41 AM	#3
Tools TRF Moderator & 2024 SubLV41 Patron Join Date: May 2007 Real Name: Larry Location: Mojave Desert Watch: GMT's Posts: 43,514	Trade-ins for a watch aren't much different than trade-ins for a car. A trade-in is for your convenience and nothing else. The dealer will want to make a profit at both ends, initial sale, and re-sale. Plus he will make a profit off the watch you trade in for. You are almost always better off selling it yourself, then using the cash to make your best deal..

11 September 2007, 06:47 AM	#11
yachtsales Member Join Date: Sep 2007 Location: virginia Posts: 560	The AD dealer here gives 80% value on trade, but only on an upgrade purchase

11 September 2007, 07:01 AM	#12
chris_nor_cal "TRF" Member Join Date: Nov 2006 Location: CA Posts: 688	like from SS to TT or TT to 18k? __________________

11 September 2007, 11:47 AM	#14
leopardprey Banned Join Date: Nov 2006 Real Name: Chad Location: Around the world Watch: Panerai 233 Posts: 4,204	That is about right for a trade in, as the AD has to make a profit when he resells. You should try to sell on your own, you can probably get close to $3900 -$4000 for it.

11 September 2007, 01:57 PM	#16
Andad 2024 SubLV41 Pledge Member Join Date: Nov 2006 Real Name: Eddie Location: Australia Watch: A few. Posts: 37,526	An AD can buy a watch wholesale from Rolex for lets say retail less 40%. A Sub Date at 5175 retail costs him 3105. Why would he want to buy a second hand Sub for more than wholesale price. Unless you are a blood relative you take a bath. Then the AD sells it as a new watch because "you are lucky to get New Old Stock". From memory I think you changed over an SD for a Sub and that exchange went well for you. I remember making a comment then that some 'new' Rolex buyer got a 'new second hand watch'. __________________ E

11 September 2007, 10:38 PM	#17
leopardprey Banned Join Date: Nov 2006 Real Name: Chad Location: Around the world Watch: Panerai 233 Posts: 4,204	The only good deal I ever got from a watch dealer, was selling my Sub LV. They paid me what I bought for it, MSRP. Of course that was in Malaysia where the Sub LV was selling for $1500-$2000 over MSRP. So it was very easy for the dealer to sell my used and scratched up Sub LV for only a couple hundred over MSRP and make a quick profit, which he did the next day. I did once also trade a GMT II in on a new DateJust at a AD as well. Ended up loosing about $600 overall in the transaction.

12 September 2007, 03:29 AM	#19
Welshwatchman "TRF" Member Join Date: Apr 2006 Real Name: Paul Location: Wales, UK Posts: 14,578	WOS in Cardiff offered me £950 for my old 18ct Zenith El Primero Class in p/ex against a very expensive watch on which they offered no discount. I sold it on Ebay for £2615 one week later and bought the other watch from a specialist, saving £XXXX. __________________ ..33

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