Are there any vintage sellers that offer a payment plan?

[Gregsubc]

Just wondering...seems like a good way to keep people on the hook for a new one as you pay the last one off

[waiting]

That would get dangerous for a lot of people here. I know I'd be in trouble for sure.

[Lgear080]

There's a rule of thumb with these things.
Don't buy what you can't easily immediately afford.

[okthenor]

Great question although I've never been aware of one. Would be nice to spread out some of those payments, especially on the pricier models.

[Vincent65]

Slippery slope to ruin!

[Old Expat Beast]

There are one or two in Hong Kong. I try to avoid them.

[Loevhagen]

Hm. Maybe that is a great business concept? Start lending people money so they can buy vintage Rolex watches and pay 23% intrest rate.

Seriously - that would be good business - because the watch as loan securing will be good if the loan is not paid.

[linesiders]

Originally Posted by Loevhagen

Hm. Maybe that is a great business concept? Start lending people money so they can buy vintage Rolex watches and pay 23% intrest rate.

Seriously - that would be good business - because the watch as loan securing will be good if the loan is not paid.

The legal version of a heroin dealer.

Though I would be concerned the collateral would be damaged or unrecoverable if someone defaulted.

[Loevhagen]

Originally Posted by linesiders

The legal version of a heroin dealer.

Though I would be concerned the collateral would be damaged or unrecoverable if someone defaulted.

Well. No watch - no kneecaps.

[Vincent65]

Originally Posted by Loevhagen

Well. No watch - no kneecaps.

Nice business plan - let us know how you get on with it!

[Loevhagen]

Originally Posted by Vincent65

Nice business plan - let us know how you get on with it!

Solved by increasing the interest rate from 23% to 37%.

[dstacy]

Originally Posted by Loevhagen

- because the watch as loan securing will be good if the loan is not paid.

Yeah, good luck in recovering a watch that was used as collateral.

[Loevhagen]

Originally Posted by dstacy

Yeah, good luck in recovering a watch that was used as collateral.

Can't see the problem. Other items e.g. house and cars are used such, so why not a watch. Heck - some people also insure their watches.

[dstacy]

Originally Posted by Loevhagen

Can't see the problem. Other items e.g. house and cars are used such, so why not a watch. Heck - some people also insure their watches.

Pretty tough to move and hide a house. Can't transfer a car title with a lien on it. Pawn a watch once your behind on, or can't make, the payments?.....10 minutes and done.

[J!m]

I'd be open to this idea...







(and more broke)

[nocrown]

the local "heroin" dealer and/or loan shark is your bank; ie, use your credit card bc thatz the Merikkkan way anyhow... debt-slavez and ponzi schemes....but hey, you'll b rocking a nice rolie...

[linesiders]

Originally Posted by nocrown

the local "heroin" dealer and/or loan shark is your bank; ie, use your credit card bc thatz the Merikkkan way anyhow... debt-slavez and ponzi schemes....but hey, you'll b rocking a nice rolie...

Cash, Just Cash.

[nocrown]

Originally Posted by linesiders

Cash, Just Cash.

central bankers want to do away with cash... the global ponzi scheme must track everyone, with the IRS enforcing... sad but totally factually true.....

anyhow, good luck w/ your vintage rolex hunt....it took me a long while to find the perfect watch and be comfortable w/ pulling trigger, so my only unsolicited advice is: njoy the hunt and dont let the banks/urself turn u into a (bigger) debt-slave.....

[J!m]

Originally Posted by linesiders

Cash, Just Cash.

Live from Fulsom Prison....

[RickardL]

In Sweden there's several dealers providing pay off deals/loans for vintage and new rolex watches..