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WBROLEX · 19 January 2010, 04:31 AM

I was wondering how you guys fund your Rolex purchases?

Do some of you simply pay cash as and when a new one takes your fancy or do you take out finance? Or do you have a steady savings plan in place in preparation.

It would be really interesting to hear.

Will

bobernet · 19 January 2010, 04:32 AM

Cash.

sturgeon123456 · 19 January 2010, 04:33 AM

Whatever DavidSW takes

.......Cash is not a possibility for me as I do transactions between Canada and USA, therefore, I find bank wire is good but PAYPal is faster and I dont mind paying the extra few points.

Kapture1 · 19 January 2010, 04:36 AM

Never take finance... ever. Those lines of credit are usally 20 some percent intrest. I have a Rolex fund that comes out of each check.. then with part of my tax return. Finance what you need, buy cash what you want.

1340jas · 19 January 2010, 04:37 AM

My AD had an offer of three years interest free credit.
My wife got me the watch as it was such a good offer, and she used my bank account, which meant she didn't actually spend any money.
Everyones a winner.

armoredsaint · 19 January 2010, 04:39 AM

don't hate

but seriously, just cash - never on credit.

spuds · 19 January 2010, 04:42 AM

I'd never take out finance for a 'luxury item' such as a Rolex even if I had the cash in the bank & the watch was on interest free.
I'm not knocking anyone who does have their watches on credit....
It's just not how I like to do it.

So I've had a "Steady Savings Plan" for the GMTIIc that I currently have 'on hold' at the AD & I'm only a couple of weeks away from deciding wether to go pick it up or wait & see what comes out at Basel simply because my 'perfect pair' would be updated black & a white Explorer II's....

I also think that saving up is part of the anticipation, & paying in cold hard cash helps one decide if they really want that watch.....
but having said that I've got me a well earned bonus coming in the next couple o'months which'll more than pay for my second Rolex later this year!!

Bullyterrier · 19 January 2010, 04:43 AM

With blood money.

Hatoil · 19 January 2010, 04:44 AM

I only own one Rolex, paid in cash by my first 4 salaries as a paper boy in the 80s. They weren't as expensive then as they are now, but still a lot of money. To me at least.

sea-dweller · 19 January 2010, 04:44 AM

I save for it, then charge it on a credit card and pay for the amount in full.

Bullyterrier · 19 January 2010, 04:44 AM

forgot to put in the sweat and tears!

chrisok · 19 January 2010, 04:45 AM

I haven't bought one yet...will hopefully have my purchase finalized this week...but it will be cash...no payments...i have put aside money from each check every month like Kapture1.

smallcandle · 19 January 2010, 04:48 AM

Puppy tears.

bayerische · 19 January 2010, 04:51 AM

Paypal when buying overseas.
Cash or credit card at the store.

Over here in Europe we seldom have credit cards with "actual" credit, but the credit card bill should be payed at full at the end of the month.

daveathall · 19 January 2010, 04:51 AM

Ive read many of these threads, 99.9% of the answers are from people that never use credit or if they do, they pay it off at the end of the month.

I have, wouldn't have owned a Rolex otherwise, paid it back.

I will now walk around for the rest of my life ringing a bell and shouting "Unclean, unclean" just in case anyone comes in contact with me, and find that they are strangely drawn down the credit route, and their lives as a consequence, ruined.

DSJ · 19 January 2010, 04:52 AM

I NEVER finance

new_e46 · 19 January 2010, 04:52 AM

cash

accutronman · 19 January 2010, 04:56 AM

Put it on Amex, pay it off in full when bill comes. Get the watch plus Membership Rewards points.

Defiancekofb · 19 January 2010, 04:58 AM

It's been a while since a watch has taken my fancy.

Daytonamania · 19 January 2010, 05:02 AM

Quote:

Originally Posted by daveathall

Ive read many of these threads, 99.9% of the answers are from people that never use credit or if they do, they pay it off at the end of the month.

I have, wouldn't have owned a Rolex otherwise, paid it back.

I will now walk around for the rest of my life ringing a bell and shouting "Unclean, unclean" just in case anyone comes in contact with me, and find that they are strangely drawn down the credit route, and their lives as a consequence, ruined.

Ditto Dave me too 0% CC for 12 months,paid cash as well so not totally unclean.

SPORTSFAN · 19 January 2010, 05:03 AM

I had more than enough in my bank to buy outright.

When I was not offered any discount for cash I was more than happy to use the dealers interest free credit over 3 years.

By the time the watch was paid for there had been 4 price increases.

It makes no sense whatsoever to save up, get no discount and watch the price rise..............

jjbodean1970 · 19 January 2010, 05:08 AM

wire if by internet, cc locally and pay the balance in full, as i do every month

Jocke · 19 January 2010, 05:18 AM

Quote:

Originally Posted by WBROLEX

I was wondering how you guys fund your Rolex purchases?

Do some of you simply pay cash as and when a new one takes your fancy or do you take out finance? Or do you have a steady savings plan in place in preparation.

It would be really interesting to hear.

Will

Always cash, if I can't I have to wait. Watches is nothing you must have thats why I need the money before a deal.

So simple is that, at least for me.

Jocke

Ebruner · 19 January 2010, 05:24 AM

Cash.

-Eddie

Ageing Orphan · 19 January 2010, 05:33 AM

I took advantage of the AD's 3 year interest free credit. Paid £1000 deposit on a cash back CC - which I've just paid off in full. Why use your money when you can use the dealers for the same total paid. Made perfect sense to me. I do agree taking a interest bearing loan is not a good idea, better to save the amount you would have paid + 10 - 20% and then use the cash when you have enough.

Gman76 · 19 January 2010, 05:36 AM

Quote:

Originally Posted by accutronman

Put it on Amex, pay it off in full when bill comes. Get the watch plus Membership Rewards points.

Only way to go. Pay off in full and get the cc rewards.

tattooedfagin · 19 January 2010, 05:38 AM

evening all...first post on here...

paid cash for my 1st S/S Sub (F series) & then sold my Titanium Seamaster to soften the blow, now searching for another but unable to decide between 18k Blue Sub or a TT Blue Sub

Rscmaine · 19 January 2010, 05:38 AM

Quote:

Originally Posted by SPORTSFAN

I had more than enough in my bank to buy outright.

When I was not offered any discount for cash I was more than happy to use the dealers interest free credit over 3 years.

If you're talking about a $25,000 zero percent purchase, absolutely use their capital and invest your $25K. That is free money.

Set up a direct monthly debit of a dedicated account, so you don't even have to waste time every month paying the bill...

I've done this with cars and home appliances. It's like getting an additional discount.

Watches? Cash.

BealeAss · 19 January 2010, 05:41 AM

Quote:

Originally Posted by Gman76

Only way to go. Pay off in full and get the cc rewards.

Yup, same here.

ersnyder · 19 January 2010, 05:42 AM

Quote:

Originally Posted by sea-dweller

I save for it, then charge it on a credit card and pay for the amount in full.

Yep, this avoids $ trouble!

19 January 2010, 04:31 AM	#1
WBROLEX Member Join Date: Dec 2009 Real Name: Will Location: London Watch: Submariner LV Posts: 104	How do you pay for your Rolex I was wondering how you guys fund your Rolex purchases? Do some of you simply pay cash as and when a new one takes your fancy or do you take out finance? Or do you have a steady savings plan in place in preparation. It would be really interesting to hear. Will

19 January 2010, 04:36 AM	#4
Kapture1 "TRF" Member Join Date: Oct 2009 Real Name: Matt Location: Flint, MI Watch: Ω 3570.50.00 Posts: 2,058	Never take finance... ever. Those lines of credit are usally 20 some percent intrest. I have a Rolex fund that comes out of each check.. then with part of my tax return. Finance what you need, buy cash what you want. __________________ Miss you JJ Wash out this tired notion that the best is yet to come

19 January 2010, 04:42 AM	#7
spuds "TRF" Member Join Date: Nov 2009 Real Name: Dan Location: Essex, UK Watch: West Ham! COYI!! Posts: 7,941	I'd never take out finance for a 'luxury item' such as a Rolex even if I had the cash in the bank & the watch was on interest free. I'm not knocking anyone who does have their watches on credit.... It's just not how I like to do it. So I've had a "Steady Savings Plan" for the GMTIIc that I currently have 'on hold' at the AD & I'm only a couple of weeks away from deciding wether to go pick it up or wait & see what comes out at Basel simply because my 'perfect pair' would be updated black & a white Explorer II's.... I also think that saving up is part of the anticipation, & paying in cold hard cash helps one decide if they really want that watch..... but having said that I've got me a well earned bonus coming in the next couple o'months which'll more than pay for my second Rolex later this year!! __________________ Onwards & Upwards Rodders...... Onwards & Upwards. Life is not about how fast you can run or how high you can climb........... It's about how well you can bounce!! TRF HALL OF FAME JANUARY 2010

19 January 2010, 04:43 AM	#8
Bullyterrier "TRF" Member Join Date: Oct 2009 Location: . Posts: 1,343	With blood money. __________________ So Mote it be.

19 January 2010, 04:44 AM	#10
sea-dweller "TRF" Member Join Date: Oct 2007 Real Name: Dennis Location: Bay Area - 925 Posts: 40,018	I save for it, then charge it on a credit card and pay for the amount in full. __________________ TRF Member #6699 (since September 2007)

19 January 2010, 04:32 AM	#2
bobernet "TRF" Member Join Date: Dec 2009 Real Name: Bob Location: Mountains Watch: ALS, AP, PP, Rolex Posts: 2,988	Cash.

19 January 2010, 04:33 AM	#3
sturgeon123456 "TRF" Member Join Date: Sep 2009 Location: Canada Posts: 2,551	Whatever DavidSW takes .......Cash is not a possibility for me as I do transactions between Canada and USA, therefore, I find bank wire is good but PAYPal is faster and I dont mind paying the extra few points.

19 January 2010, 04:37 AM	#5
1340jas "TRF" Member Join Date: Dec 2009 Real Name: Jason Location: Wales Watch: SS Sub Date 'V' Posts: 199	My AD had an offer of three years interest free credit. My wife got me the watch as it was such a good offer, and she used my bank account, which meant she didn't actually spend any money. Everyones a winner.

19 January 2010, 04:39 AM	#6
armoredsaint "TRF" Member Join Date: Dec 2009 Real Name: Bubba Location: Ohio, USA Watch: GMT Master IIc SS Posts: 318	don't hate but seriously, just cash - never on credit.

19 January 2010, 04:44 AM	#9
Hatoil "TRF" Member Join Date: Dec 2009 Location: Sweden Watch: 16800 Submariner Posts: 8	I only own one Rolex, paid in cash by my first 4 salaries as a paper boy in the 80s. They weren't as expensive then as they are now, but still a lot of money. To me at least.

19 January 2010, 04:44 AM	#11
Bullyterrier "TRF" Member Join Date: Oct 2009 Location: . Posts: 1,343	forgot to put in the sweat and tears! __________________ So Mote it be.

19 January 2010, 04:45 AM	#12
chrisok Member Join Date: Jan 2010 Real Name: Chris Location: Wichita Falls,TX Watch: Rolex,PAM Posts: 525	I haven't bought one yet...will hopefully have my purchase finalized this week...but it will be cash...no payments...i have put aside money from each check every month like Kapture1.

19 January 2010, 04:48 AM	#13
smallcandle "TRF" Member Join Date: Mar 2009 Real Name: Brian Location: Kansas Watch: 16610, Omega PO Posts: 1,898	Puppy tears.

19 January 2010, 04:51 AM	#14
bayerische "TRF" Member Join Date: Nov 2009 Real Name: Andreas Location: Margaritaville Watch: Smurf Posts: 19,879	Paypal when buying overseas. Cash or credit card at the store. Over here in Europe we seldom have credit cards with "actual" credit, but the credit card bill should be payed at full at the end of the month.

19 January 2010, 04:51 AM	#15
daveathall "TRF" Member Join Date: Dec 2007 Real Name: Dave Location: England. Watch: Various Posts: 7,305	Ive read many of these threads, 99.9% of the answers are from people that never use credit or if they do, they pay it off at the end of the month. I have, wouldn't have owned a Rolex otherwise, paid it back. I will now walk around for the rest of my life ringing a bell and shouting "Unclean, unclean" just in case anyone comes in contact with me, and find that they are strangely drawn down the credit route, and their lives as a consequence, ruined. __________________ KINDEST REGARDS DAVE

19 January 2010, 04:52 AM	#16
DSJ "TRF" Member Join Date: Dec 2007 Real Name: David Location: USA Watch: your step! Posts: 7,882	I NEVER finance __________________ Rolex. The Rolex of watches. 16570 Expy2 Noir, 116710 GMT Master II, 2552.80 SMP

19 January 2010, 04:52 AM	#17
new_e46 "TRF" Member Join Date: Nov 2009 Location: Toronto Posts: 31	cash

19 January 2010, 04:56 AM	#18
accutronman "TRF" Member Join Date: Jun 2009 Location: FL Watch: DSSD, GMT IIc Posts: 79	Put it on Amex, pay it off in full when bill comes. Get the watch plus Membership Rewards points.

19 January 2010, 04:58 AM	#19
Defiancekofb "TRF" Member Join Date: Dec 2007 Location: US Posts: 1,999	It's been a while since a watch has taken my fancy.

19 January 2010, 05:03 AM	#21
SPORTSFAN "TRF" Member Join Date: Apr 2008 Real Name: Mike Location: NW England Posts: 791	I had more than enough in my bank to buy outright. When I was not offered any discount for cash I was more than happy to use the dealers interest free credit over 3 years. By the time the watch was paid for there had been 4 price increases. It makes no sense whatsoever to save up, get no discount and watch the price rise..............

19 January 2010, 05:08 AM	#22
jjbodean1970 "TRF" Member Join Date: Dec 2009 Real Name: Jeff Location: Morgantown, WV Watch: Deep Sea Posts: 55	wire if by internet, cc locally and pay the balance in full, as i do every month

19 January 2010, 05:24 AM	#24
Ebruner "TRF" Member Join Date: Sep 2009 Real Name: Eddie Location: Kentucky Watch: 118208 Posts: 2,510	Cash. -Eddie __________________

19 January 2010, 05:33 AM	#25
Ageing Orphan "TRF" Member Join Date: Jan 2009 Location: U.K The Midlands Posts: 237	I took advantage of the AD's 3 year interest free credit. Paid £1000 deposit on a cash back CC - which I've just paid off in full. Why use your money when you can use the dealers for the same total paid. Made perfect sense to me. I do agree taking a interest bearing loan is not a good idea, better to save the amount you would have paid + 10 - 20% and then use the cash when you have enough.

19 January 2010, 05:38 AM	#27
tattooedfagin "TRF" Member Join Date: Jan 2010 Real Name: Chad Location: the neighbourhood Watch: 1680 Red Posts: 2,262	evening all...first post on here... paid cash for my 1st S/S Sub (F series) & then sold my Titanium Seamaster to soften the blow, now searching for another but unable to decide between 18k Blue Sub or a TT Blue Sub

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