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mpeich · 27 August 2014, 07:26 AM

I will be at a resort south of Cancun in a few months and am thinking of taking advantage of the duty/tax free status to buy a new Submariner. There is an AD in Cancun. Any thoughts on buying the watch there?

Cheers,
Mike

kilyung · 27 August 2014, 07:37 AM

No worries (thousands of people people do it) however taxes still apply when you come back to the US.

Alfredo. · 27 August 2014, 08:02 AM

Quote:

Originally Posted by kilyung

No worries (thousands of people people do it) however taxes still apply when you come back to the US.

This.

rmfnla · 27 August 2014, 08:08 AM

It's safe to buy it there; just don't take it into the water...

pacific17 · 27 August 2014, 08:08 AM

If its AD you should be golden, but yeah, the taxes.

beshannon · 27 August 2014, 08:48 AM

Quote:

Originally Posted by mpeich

There is an AD in Cancun.

Why would it not be safe if Rolex has an AD there?

pacific17 · 27 August 2014, 08:49 AM

Quote:

Originally Posted by beshannon

Why would it not be safe if Rolex has an AD there?

Gary Busey · 27 August 2014, 09:37 AM

Quote:

Originally Posted by pacific17

Playa is not a Liberia street corner

bayerische · 27 August 2014, 08:57 AM

Buy from an AD... All safe. A great one in Playa!

Mick P · 27 August 2014, 09:00 AM

By all means buy the Rolex, but whatever you do, do not eat beans in a local restaurant as I once did.

Have you ever had to sit on the loo in a cruiser cabin for 24 hours without a break. I did and it was not pleasant.

Regards

Mick

Roll the Lex · 27 August 2014, 09:32 AM

Quote:

Originally Posted by Mick P

By all means buy the Rolex, but whatever you do, do not eat beans in a local restaurant as I once did.

Have you ever had to sit on the loo in a cruiser cabin for 24 hours without a break. I did and it was not pleasant.

Regards

Mick

I'm waiting for the "Is it safe to eat at local restaurants in Cancun with a Rolex" thread :)

Sent from my iPhone 9S using Tapatalk

mrecho · 27 August 2014, 10:25 AM

Quote:

Originally Posted by Roll the Lex

I'm waiting for the "Is it safe to eat at local restaurants in Cancun with a Rolex" thread :)

Sent from my iPhone 9S using Tapatalk

I'm sure it's coming.

mfserge · 27 August 2014, 09:13 AM

Buy the watch, don't drink the water!

bdex75 · 27 August 2014, 09:26 AM

Quote:

Originally Posted by mfserge

Buy the watch, don't drink the water!

Buy the dealer and the BOTTLED water.

Sent from my iPhone using Tapatalk

elcompa · 27 August 2014, 09:34 AM

Quote:

Originally Posted by mfserge

Buy the watch, don't drink the water!

Reminded me of the line in the movie The Godfather "leave the gun, take the cannoli"

As to OP: While Im sure it would be fine to buy it there, I don't see an advantage to it. In fact you may end up paying Mexican taxes at the point of purchase and then again upon entry to the US. Just a thought to consider.....

If you are stuck on buying from an AD and are from the US, I might consider arranging to buy it from an AD out of your state and having it FEDEX'ed I believe taxes would not apply in this case.

ec51 · 27 August 2014, 09:59 AM

Quote:

Originally Posted by elcompa

In fact you may end up paying Mexican taxes at the point of purchase and then again upon entry to the US. Just a thought to consider.....

This is not true -- there is a Mexican tax back program.

Just make sure you fill out the necessary paperwork.

http://www.taxback.com.mx

77T · 27 August 2014, 10:24 AM

Quote:

Originally Posted by ec51

This is not true -- there is a Mexican tax back program.

Just make sure you fill out the necessary paperwork.

http://www.taxback.com.mx

Agree with that. And the AD prolly fills these out daily for tourista's!

mfserge · 27 August 2014, 11:14 PM

Quote:

Originally Posted by elcompa

Reminded me of the line in the movie The Godfather "leave the gun, take the cannoli"
.

That was the inspiration for my post. Classic line!

Nycturbovr6 · 27 August 2014, 02:51 PM

Quote:

Originally Posted by mfserge

Buy the watch, don't drink the water!

bayerische · 27 August 2014, 09:28 AM

You'll have lots of fun in-between buying your Rolex!

psv · 27 August 2014, 09:49 AM

But how much would you really be saving? Is it really worth the effort?

77T · 27 August 2014, 09:51 AM

While there is a duty (tax if you like that word) upon declaring the value, you have a chance to save some money if you can get a good negotiated price. The duty you pay upon re-entry is based on that final value. Also, you are only going to pay the Federal duty - not the fulload of state and local sales taxes upon re-entry.

The calculus for you is to know the best deal you could get from a trusted TRF seller for BNIB exemplars of your desired model(s). Then you'll know whether the Cancun AD deal is good or not even including the US duty.

And remember, TRF sellers aren't charging sales tax

HogwldFLTR · 27 August 2014, 10:26 AM

Quote:

Originally Posted by mpeich

I will be at a resort south of Cancun in a few months and am thinking of taking advantage of the duty/tax free status to buy a new Submariner. There is an AD in Cancun. Any thoughts on buying the watch there?

Cheers,
Mike

Cool trip; take some photos and post back.

www777 · 27 August 2014, 10:38 AM

Do you get a better discount down there?

Alexwwjd · 27 August 2014, 10:53 AM

I have bought all my watches in Cancun. First of all, you get super great prices and since they sell so many, they can get you almost any piece you want. As ec51 mentioned, do the tax back, wear your watch and use Fedex for the Box and Papers.

kilyung · 27 August 2014, 10:59 AM

Quote:

Originally Posted by Alexwwjd

... do the tax back, wear your watch and use Fedex for the Box and Papers.

The views and opinions expressed on this web site are soley those of the original authors and other contributors. These views and opinions do not necessarily represent those of Steve, the TRF moderators, and/or any/all contributors to this site.

Alexwwjd · 27 August 2014, 11:06 AM

Quote:

Originally Posted by kilyung

The views and opinions expressed on this web site are soley those of the original authors and other contributors. These views and opinions do not necessarily represent those of Steve, the TRF moderators, and/or any/all contributors to this site.

Sorry about that... I forgot to remind you please abide by your current country tax laws.

kilyung · 27 August 2014, 11:08 AM

Quote:

Originally Posted by Alexwwjd

Sorry about that... I forgot to remind you please abide by your current country tax laws.

No worries, Alex. Just having some fun.

Alexwwjd · 27 August 2014, 11:12 AM

Quote:

Originally Posted by kilyung

No worries, Alex. Just having some fun.

sleddog · 27 August 2014, 01:25 PM

Quote:

Originally Posted by Alexwwjd

Sorry about that... I forgot to remind you please abide by your current country tax laws.

Thank you for the statute edit Alex.

To the OP. As long as that Rolex doesn't come from a guy on the beach, I think you'll be fine... Just make sure to follow Alex's advice in bold above!

27 August 2014, 07:26 AM	#1
mpeich "TRF" Member Join Date: Jan 2012 Location: Pennsylvania Posts: 7	Is it safe to buy a new Rolex in Cancun? I will be at a resort south of Cancun in a few months and am thinking of taking advantage of the duty/tax free status to buy a new Submariner. There is an AD in Cancun. Any thoughts on buying the watch there? Cheers, Mike

27 August 2014, 08:08 AM	#4
rmfnla "TRF" Member Join Date: Dec 2006 Real Name: Richard Location: Los Angeles, CA Watch: TT DJ Posts: 4,456	It's safe to buy it there; just don't take it into the water... __________________ Today, I believe my jurisdiction ends here... Lug Hole Lover®

27 August 2014, 08:08 AM	#5
pacific17 "TRF" Member Join Date: Jan 2013 Real Name: Owie Location: MNL/SFO Watch: G-Shock DW003 Posts: 1,504	If its AD you should be golden, but yeah, the taxes. __________________

27 August 2014, 08:57 AM	#9
bayerische "TRF" Member Join Date: Nov 2009 Real Name: Andreas Location: Margaritaville Watch: Smurf Posts: 19,879	Buy from an AD... All safe. A great one in Playa! __________________ Yeah, well, you know, that's just, like, your opinion, man.

27 August 2014, 09:28 AM	#20
bayerische "TRF" Member Join Date: Nov 2009 Real Name: Andreas Location: Margaritaville Watch: Smurf Posts: 19,879	You'll have lots of fun in-between buying your Rolex! __________________ Yeah, well, you know, that's just, like, your opinion, man.

27 August 2014, 07:37 AM	#2
kilyung 2024 SubLV41 Pledge Member Join Date: Jul 2009 Location: Cave Watch: Sundial Posts: 33,940	No worries (thousands of people people do it) however taxes still apply when you come back to the US.

27 August 2014, 09:00 AM	#10
Mick P Banned Join Date: Feb 2014 Location: UK / Spain Watch: 39mm Explorer Posts: 1,990	By all means buy the Rolex, but whatever you do, do not eat beans in a local restaurant as I once did. Have you ever had to sit on the loo in a cruiser cabin for 24 hours without a break. I did and it was not pleasant. Regards Mick

27 August 2014, 09:13 AM	#13
mfserge Banned Join Date: Aug 2011 Location: USA Watch: YM40 Rhodium Posts: 901	Buy the watch, don't drink the water!

27 August 2014, 09:49 AM	#21
psv 2024 Pledge Member Join Date: Oct 2009 Location: USA & France Posts: 11,078	But how much would you really be saving? Is it really worth the effort?

27 August 2014, 09:51 AM	#22
77T 2024 SubLV41 Pledge Member Join Date: Dec 2010 Real Name: PaulG Location: Georgia Posts: 42,017	Is it safe to buy a new Rolex in Cancun? While there is a duty (tax if you like that word) upon declaring the value, you have a chance to save some money if you can get a good negotiated price. The duty you pay upon re-entry is based on that final value. Also, you are only going to pay the Federal duty - not the fulload of state and local sales taxes upon re-entry. The calculus for you is to know the best deal you could get from a trusted TRF seller for BNIB exemplars of your desired model(s). Then you'll know whether the Cancun AD deal is good or not even including the US duty. And remember, TRF sellers aren't charging sales tax __________________ Does anyone really know what time it is?

27 August 2014, 10:38 AM	#24
www777 "TRF" Member Join Date: Sep 2008 Location: At Home Posts: 1,285	Do you get a better discount down there?

27 August 2014, 10:53 AM	#25
Alexwwjd "TRF" Member Join Date: May 2009 Real Name: Alex Location: Texas Watch: Out!!! Posts: 2,352	I have bought all my watches in Cancun. First of all, you get super great prices and since they sell so many, they can get you almost any piece you want. As ec51 mentioned, do the tax back, wear your watch and use Fedex for the Box and Papers.

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