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Laetitya · 30 January 2008, 09:52 PM

I live in a small village in Switzerland, but I did not know the new owners of the Rolex AD. I went in there, introduced myself, and asked him if I could pay for a SS DJ 36mm in 10 installments...he agreed!
Yes, my family is pretty known here, but I really doubted this man would ever agree to doing that...I was out of the store with a new Rolex in less than 30 minutes! So happy!

SPACE-DWELLER · 30 January 2008, 10:05 PM

"Installment deal"??

Okay, so the deal is like this:

1st. month you get the bracelet.

2nd. month you get bezel.

3rd. month you get the crown.

4th. month you get crystal.

5th. month you get the hour hand.

6th. month you get the minute hand.

7th. month you get second's hand.

8th. month you get the dial.

9th. month you get the movement.

And in the 10th. month you get the watch case itself. Then every part is installed to get you the whole watch.

frostie · 30 January 2008, 10:08 PM

Quote:

Originally Posted by SPACE-DWELLER

"Installment deal"??

Okay, so the deal is like this:

1st. month you get the bracelet.

2nd. month you get bezel.

3rd. month you get the crown.

4th. month you get crystal.

5th. month you get the hour hand.

6th. month you get the minute hand.

7th. month you get second's hand.

8th. month you get the dial.

9th. month you get the movement.

And in the 10th. month you get the watch case itself. Then every part is installed to get you the whole watch.

astcell · 1 February 2008, 12:34 AM

Quote:

Originally Posted by SPACE-DWELLER

"Installment deal"??

Okay, so the deal is like this:

1st. month you get the bracelet.

2nd. month you get bezel.

3rd. month you get the crown.

4th. month you get crystal.

5th. month you get the hour hand.

6th. month you get the minute hand.

7th. month you get second's hand.

8th. month you get the dial.

9th. month you get the movement.

And in the 10th. month you get the watch case itself. Then every part is installed to get you the whole watch.

In the States that would be followed with "Your parents put it together!"

frostie · 30 January 2008, 10:08 PM

That's great

Wish they accepted the same thing here . Here most of the AD's accept only cash and credit. You should have a good friendship with the AD in order to offer you month installments

Laetitya · 30 January 2008, 10:30 PM

That was a good one Space-Dweller!
Well, I cant wait to pay it all off so that I can start my next Rolex instalment!!

jasonbellevue · 31 January 2008, 03:43 PM

Quote:

Originally Posted by Laetitya

That was a good one Space-Dweller!
Well, I cant wait to pay it all off so that I can start my next Rolex instalment!!

Good for your Laetitya. Congratulations on the watch.

Thani · 30 January 2008, 10:45 PM

sounds good !!

congrats on ur new watch

waiting for pics !

mullman · 30 January 2008, 10:53 PM

Congrats on your new watch!

You live in a beautiful country that I have had the pleasure of visiting many times.
Wish I was hiking the Alps right now!

f16570 · 30 January 2008, 11:05 PM

Welcome and enjoy your watch.
The deal is not that uncommon in the UK, and it also shows that the AD have to move with the times in order to sell their watches. Every jeweller is doing 0% on most high end stock.

mdx77 · 31 January 2008, 12:41 AM

Similar thing here.....local mom and pop AD has layaway.....down side of course is that it has to paid in full b4 you can take it.

DoxaDavid · 31 January 2008, 01:05 AM

There was a time 30-40 years ago that business here was done on a handshake like that. I also grew up in a small town as well. My father owned a new car dealership and many times he told me stories about how they did business like that. One farmer I remember in particular came in to buy a car in the spring. All his money was tied up in his crops so he asked my father if he could pay for the car when he harvested them. "No problem" my father said and handed him the keys. Can you imagine anyone doing that today? It's nice to know that there are still places that do business like your AD. Enjoy your new watch and wear it well.

mike · 31 January 2008, 01:09 AM

Several sources in the states allow for one year zero interest in the states.

scottschoe · 31 January 2008, 03:44 AM

I always figured jewelry was one of the things that you should buy outright. Seems sort of silly to make payments on it...

CPTL · 31 January 2008, 04:01 AM

Anytime you can get deferred payments at no interest, take it--no questions.

Example: $6k watch, 10 equal payments, 0% interest. Put your 6k in the highest interest rate savings account you can find (4-5%). Make a $600 payment every month towards the watch. At the end of 10 months, the watch will be paid off and you'll have about $120 in the account. That's a free steak dinner and a nice bottle of wine while you enjoy your new and paid for watch!!

Even if you have more money than you can spend and don't care to have any more (like some folks on the forum apparently do), you can toss that $120 in the collection plate next Sunday.

Jedi · 31 January 2008, 04:06 AM

Quote:

Originally Posted by CPTL

Anytime you can get deferred payments at no interest, take it--no questions.

Example: $6k watch, 10 equal payments, 0% interest. Put your 6k in the highest interest rate savings account you can find (4-5%). Make a $600 payment every month towards the watch. At the end of 10 months, the watch will be paid off and you'll have about $120 in the account. That's a free steak dinner and a nice bottle of wine while you enjoy your new and paid for watch!!

Even if you have more money than you can spend and don't care to have any more (like some folks on the forum apparently do), you can toss that $120 in the collection plate next Sunday.

Amen brother

JBat · 31 January 2008, 04:28 AM

Quote:

Originally Posted by scottschoe

I always figured jewelry was one of the things that you should buy outright. Seems sort of silly to make payments on it...

If you get 0% interest, why not? As long as it's not in lieu of a discount, I say go for it.

scottschoe · 31 January 2008, 04:49 AM

Quote:

Originally Posted by JBat

If you get 0% interest, why not? As long as it's not in lieu of a discount, I say go for it.

The one time an AD did bring that option to my attention, they offered an equivalent discount to offset the amount that would have been earned by moving around the money.

CPTL · 31 January 2008, 04:04 AM

Of course, if you're choosing between 0% interest and a discount, take the discount.

tandrup · 31 January 2008, 04:38 AM

I agree on the 0% interest deal. I was offered either a discount or the 0% interest for 12 months. If you have the funds, then the discount just has to be bigger than the interest you could get by putting your money into a savings account like Kevin suggested. Makes sense to me.

bills · 31 January 2008, 04:43 AM

Has anyone heard of any after market dealers doing layaway plans?

BigHat · 31 January 2008, 06:37 AM

Quote:

Originally Posted by bills

Has anyone heard of any after market dealers doing layaway plans?

The Big T must. The manager of the Pentagon City store mentioned that they had a highly sough after VC tied up in lay away for over 18 months. Said he wanted to terminate the deal and refund the money but wasn't allowed to do so.

robbyrolex · 31 January 2008, 03:37 PM

I hate to be the only one to say this but buying with cash and actually owning the watch when leaving the store is option #1 for me.

Regardless of how you pay for it, enjoy it.

BTW my last trip to Europe took me through Austria but my heart was set on Switzerland, maybe next time.

crimscrem · 1 February 2008, 12:42 AM

I'm actually thinking about doing this. Since the watch is a gift, it's not like I need to have possession of it. I was thinking that this might be a way for me to lock down a price now in case there's a price increase, without having to pay for it all at once.

robbyrolex · 1 February 2008, 01:45 PM

You know what?
I am gonna change my tune, if a price increase is looming in Switzerland I would have done the installment plan too.

kcmo · 31 January 2008, 06:34 AM

Congrats Laetitya! What combo DJ did you get? Post pics!!!

Tools · 1 February 2008, 01:09 PM

Nothing wrong with installments if the interest you have to pay (ideally 0) is less than the interest your money is making you..

chevycorvette · 31 January 2008, 03:57 PM

some AD offer 0% installment. so why not. good for you. go for it. it is a good thing, not a bad thing.

Cyberpipm2000 · 31 January 2008, 04:17 PM

very sharp! congrats to you! seems you were able to get your rolex fresh of the swiss press.

Laetitya · 31 January 2008, 08:28 PM

I got this combo...loving it, has a kinda "retro" effect with the black, I think.

30 January 2008, 10:05 PM	#2
SPACE-DWELLER "TRF" Member Join Date: Apr 2007 Real Name: Bo Location: Denmark Watch: Rolex, of course! Posts: 22,436	"Installment deal"?? Okay, so the deal is like this: 1st. month you get the bracelet. 2nd. month you get bezel. 3rd. month you get the crown. 4th. month you get crystal. 5th. month you get the hour hand. 6th. month you get the minute hand. 7th. month you get second's hand. 8th. month you get the dial. 9th. month you get the movement. And in the 10th. month you get the watch case itself. Then every part is installed to get you the whole watch. __________________ With kind regards, Bo LocTite 221: The Taming Of The Screw...

30 January 2008, 10:08 PM	#5
frostie 1,000,000th PostMember Join Date: Jun 2007 Location: Earth Posts: 14,048	That's great Wish they accepted the same thing here . Here most of the AD's accept only cash and credit. You should have a good friendship with the AD in order to offer you month installments __________________ GMT - Master II C - 116710 LN

30 January 2008, 10:53 PM	#9
mullman "TRF" Member Join Date: Dec 2007 Real Name: Grey Location: NC Posts: 268	Congrats on your new watch! You live in a beautiful country that I have had the pleasure of visiting many times. Wish I was hiking the Alps right now! __________________ Best, -Grey

30 January 2008, 11:05 PM	#10
f16570 "TRF" Member Join Date: Jan 2007 Real Name: F Location: Scotland Watch: Exp II White Face Posts: 4,272	Welcome and enjoy your watch. The deal is not that uncommon in the UK, and it also shows that the AD have to move with the times in order to sell their watches. Every jeweller is doing 0% on most high end stock. __________________ Why have what's new when you have what's best. f

31 January 2008, 12:41 AM	#11
mdx77 "TRF" Member Join Date: Jan 2008 Real Name: Kurt Location: Philly Burbs!! Posts: 3,296	Similar thing here.....local mom and pop AD has layaway.....down side of course is that it has to paid in full b4 you can take it. __________________ “This is your last chance. After this, there is no turning back. You take the BLUE pill - the story ends; you wake up in your bed and believe whatever you want to believe. You take the RED pill - you stay in Wonderland, and I show you how deep the rabbit hole goes.” Rolex Submariner 116610LV Hulk \| Rolex GMT 16710 Pepsi \| Omega Speedmaster “Speedy Tuesday” \| Tudor Black Bay 79220R “ETA Rose” \| Tudor Pelagos Blue Dial \| Rolex Submariner Yellow Gold 116618LB \| Rolex Milgauss “Z-Blue” 116400GV

30 January 2008, 09:52 PM	#1
Laetitya Member Join Date: Jan 2008 Real Name: Francesca Location: Switzerland Watch: PAM 336 Posts: 56	Purchase a Rolex watch in installments? I live in a small village in Switzerland, but I did not know the new owners of the Rolex AD. I went in there, introduced myself, and asked him if I could pay for a SS DJ 36mm in 10 installments...he agreed! Yes, my family is pretty known here, but I really doubted this man would ever agree to doing that...I was out of the store with a new Rolex in less than 30 minutes! So happy!

30 January 2008, 10:30 PM	#6
Laetitya Member Join Date: Jan 2008 Real Name: Francesca Location: Switzerland Watch: PAM 336 Posts: 56	That was a good one Space-Dweller! Well, I cant wait to pay it all off so that I can start my next Rolex instalment!!

30 January 2008, 10:45 PM	#8
Thani Banned Join Date: Oct 2007 Real Name: Thani Location: Dubai UAE Watch: Milgauss 116400 GV Posts: 2,082	sounds good !! congrats on ur new watch waiting for pics !

31 January 2008, 01:05 AM	#12
DoxaDavid "TRF" Member Join Date: Jan 2008 Real Name: David Location: Minneapolis, Mn Posts: 3,271	There was a time 30-40 years ago that business here was done on a handshake like that. I also grew up in a small town as well. My father owned a new car dealership and many times he told me stories about how they did business like that. One farmer I remember in particular came in to buy a car in the spring. All his money was tied up in his crops so he asked my father if he could pay for the car when he harvested them. "No problem" my father said and handed him the keys. Can you imagine anyone doing that today? It's nice to know that there are still places that do business like your AD. Enjoy your new watch and wear it well. __________________ DOXA-AFICIONADO "It has been my experience that folks who have no vices have very few virtues. " Abraham Lincoln 1809-1865

31 January 2008, 01:09 AM	#13
mike "TRF" Member Join Date: Jul 2005 Posts: 22,683	Several sources in the states allow for one year zero interest in the states.

31 January 2008, 03:44 AM	#14
scottschoe "TRF" Member Join Date: Nov 2007 Location: CA Posts: 3,295	I always figured jewelry was one of the things that you should buy outright. Seems sort of silly to make payments on it... __________________ __________________

31 January 2008, 04:01 AM	#15
CPTL "TRF" Member Join Date: Jul 2007 Real Name: Kevin Location: Texas on my mind Watch: Sub Date; SS/WG DJ Posts: 2,445	Anytime you can get deferred payments at no interest, take it--no questions. Example: $6k watch, 10 equal payments, 0% interest. Put your 6k in the highest interest rate savings account you can find (4-5%). Make a $600 payment every month towards the watch. At the end of 10 months, the watch will be paid off and you'll have about $120 in the account. That's a free steak dinner and a nice bottle of wine while you enjoy your new and paid for watch!! Even if you have more money than you can spend and don't care to have any more (like some folks on the forum apparently do), you can toss that $120 in the collection plate next Sunday.

31 January 2008, 04:04 AM	#19
CPTL "TRF" Member Join Date: Jul 2007 Real Name: Kevin Location: Texas on my mind Watch: Sub Date; SS/WG DJ Posts: 2,445	Of course, if you're choosing between 0% interest and a discount, take the discount.

31 January 2008, 04:38 AM	#20
tandrup "TRF" Member Join Date: Jan 2008 Location: USA Watch: 14060M Posts: 921	I agree on the 0% interest deal. I was offered either a discount or the 0% interest for 12 months. If you have the funds, then the discount just has to be bigger than the interest you could get by putting your money into a savings account like Kevin suggested. Makes sense to me. __________________ Regards, Lars 14060M, 16570 White, 116200 Tuxedo Dial Georg Jensen 2347

31 January 2008, 04:43 AM	#21
bills "TRF" Member Join Date: Jan 2008 Real Name: Bill Location: Los Angeles Posts: 2	Has anyone heard of any after market dealers doing layaway plans?

31 January 2008, 03:37 PM	#23
robbyrolex "TRF" Member Join Date: Dec 2007 Location: Phoenix Posts: 203	I hate to be the only one to say this but buying with cash and actually owning the watch when leaving the store is option #1 for me. Regardless of how you pay for it, enjoy it. BTW my last trip to Europe took me through Austria but my heart was set on Switzerland, maybe next time.

1 February 2008, 12:42 AM	#24
crimscrem "TRF" Member Join Date: Dec 2007 Location: Indiana Watch: SS DJ/SS GMT-IIc Posts: 583	I'm actually thinking about doing this. Since the watch is a gift, it's not like I need to have possession of it. I was thinking that this might be a way for me to lock down a price now in case there's a price increase, without having to pay for it all at once.

1 February 2008, 01:45 PM	#25
robbyrolex "TRF" Member Join Date: Dec 2007 Location: Phoenix Posts: 203	You know what? I am gonna change my tune, if a price increase is looming in Switzerland I would have done the installment plan too.

31 January 2008, 06:34 AM	#26
kcmo "TRF" Member Join Date: Jan 2007 Real Name: Karis Location: USA Posts: 19,377	Congrats Laetitya! What combo DJ did you get? Post pics!!!

1 February 2008, 01:09 PM	#27
Tools TRF Moderator & 2024 SubLV41 Patron Join Date: May 2007 Real Name: Larry Location: Mojave Desert Watch: GMT's Posts: 43,514	Nothing wrong with installments if the interest you have to pay (ideally 0) is less than the interest your money is making you.. __________________ (Chill ... It's just a watch Forum.....) NAWCC Member

31 January 2008, 03:57 PM	#28
chevycorvette "TRF" Member Join Date: Oct 2007 Real Name: willie Location: pie hole Watch: still looking Posts: 924	some AD offer 0% installment. so why not. good for you. go for it. it is a good thing, not a bad thing.

31 January 2008, 04:17 PM	#29
Cyberpipm2000 Member Join Date: Jan 2008 Real Name: JD Location: chicago Watch: Bluesy Posts: 107	very sharp! congrats to you! seems you were able to get your rolex fresh of the swiss press.

31 January 2008, 08:28 PM	#30
Laetitya Member Join Date: Jan 2008 Real Name: Francesca Location: Switzerland Watch: PAM 336 Posts: 56	I got this combo...loving it, has a kinda "retro" effect with the black, I think.

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