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JUSTIFIED · 14 June 2016, 12:23 PM

Quote:

Originally Posted by GradyPhilpott

I was going to suggest that you save up $130,000, then buy Honda Accord and spend the rest on watches.

I have a bowling friend that has a Ferrari and just bought a new Corvette with 650HP (I haven't taken a close look at it yet, so I don't know the model), but he wears a $200 watch.

I guess we all have priorities.

My son has considerable means (through his own hard work building his own company) and he has never bought a brand new car and only spends moderate amounts of money on watches. Truly wealthy people have a different mindset.

BNA/LION · 14 June 2016, 12:32 PM

It's all about allocating resources and justifying one's actions to accumulate cars, watches, homes, stocks, bonds, gold, etc. It is amazing what we will do and tell ourselves, and our Wives, to justify our obsessions.

Your car is nice and you like it. If you don't feel the need to get another one right now don't and get your FREE watch! IMHO

GB-man · 14 June 2016, 12:55 PM

Quote:

Originally Posted by Bigdaddy38

Simple solution, it is called Leasing while buying down the money factor with multiple security deposits. As an example I have an 82k BMW 550i 2016, I paid nothing down, and pay $800 bucks a month for 3 years... I gave them 6k up front as multiple security deposits which save me about 10% a month on a my payment and I get the money back at the end of the lease. Where else can you make 10% interest that easy. No maintenance, no hassle, and way less depreciation because of the low money factor, and I don't care about the residual value cause I will get a new car in 3 years :) I reckon on your Benz you would have spent less than the depreciation you have encountered...and had more money for the watch!

Mercedes don't lease as well as BMW and your 5 series is currently offered with some of the most generous residuals due to lifecycle.

I also did an MSD deal on an m3 and agree it makes sense but these are not loaded sl's and never will be

dominic.warren · 14 June 2016, 01:06 PM

So you can buy a 100k+ car with no loan so it is cash but you can't buy a watch? What the hell! I say sell your car buy the Platona and get a 5k car that runs.

fungo · 14 June 2016, 01:25 PM

If i cut my own hair for the next 40 years (20 per visit x12 months x40 years), I would of saved 9,600. BLNR, here i come.

Ruud Van Driver · 14 June 2016, 01:28 PM

Quote:

Originally Posted by arizonapaul

Guess I knew this question would come up.
Its a fully loaded 2013 MB SL550. Sticker was 124,300 plus taxes.

Do the math, my watch went POOF!!!!

Keep the car you have and buy the watch. Seriously, what's a car for? It get's you from A to B and keeps you dry or cool (depending on the climate).

Quote:

Originally Posted by fungo

If i cut my own hair for the next 40 years (20 per visit x12 months x40 years), I would of saved 9,600. BLNR, here i come.

I shave my own head twice a week, that's how I justify my watches

When I return to the UK in two years, I am seriously considering a cheaper car so that have more disposable income for another watch.

Hairdude1 · 14 June 2016, 01:33 PM

Quote:

Originally Posted by arizonapaul

Fountain hills to payson is a fantastic run...... in either a car or a harley. ....

Sent from my SCH-I545 using Tapatalk

My folks used to live on 136th and shea and have a "Sumer" place in Payson. Love driving those roads.

DeeTee · 14 June 2016, 01:36 PM

Some of you guys are crazy!

Who in there right mind wants to wear a Platona and drive a Civic?
Nobody who appreciates the type of craftsmanship and allure of a platinum watch would balance that out with a car that's as exciting as a toaster oven.

77T · 14 June 2016, 02:11 PM

So take the bus and buy 2 Platona's

Mrkamir9 · 14 June 2016, 02:15 PM

Well at least the Platona wouldn't depreciate as much as a car!

Sent from my iPhone using Tapatalk

Muzz · 14 June 2016, 02:20 PM

I decided to lay off on some handbags in order to get my Daytona. The sacrifices we make.

dadonn2 · 14 June 2016, 02:23 PM

Quote:

Originally Posted by arizonapaul

I am an Ego Maniac with an Inferiority complex.

Did you get this quote where I think you did?

kilyung · 14 June 2016, 03:26 PM

I'd pick the watch (platona) over the car every time.

joli160 · 14 June 2016, 07:20 PM

Quote:

Originally Posted by kilyung

I'd pick the watch (platona) over the car every time.

I'd do the same, why not use a car for 6 years instead of 3 ?

Cru Jones · 14 June 2016, 07:30 PM

sounds right to me!

i think you should now take credit out on yourself, get the platona now, and pay it off with your system over the coming years.

mjclark32 · 14 June 2016, 08:00 PM

Quote:

Originally Posted by [email protected]

Some of you guys are crazy!

Who in there right mind wants to wear a Platona and drive a Civic?
Nobody who appreciates the type of craftsmanship and allure of a platinum watch would balance that out with a car that's as exciting as a toaster oven.

Guess you missed the

= sarcasm...

fskywalker · 14 June 2016, 11:23 PM

Quote:

Originally Posted by arizonapaul

And don't feel bad for me having an older car, I still have 5 choices everyday of what to drive to work.

5 choices? That sounds like a home dealership to me!

Wonder what the other 4 are....

Sent from my iPhone using Tapatalk

Jmals · 14 June 2016, 11:28 PM

Not sure how this is "free..." I have always bought my cars outright as well (not supercars mind you), but am slowly learning that if it floats, flies, or drives... lease it. Buy watches instead

HogwldFLTR · 14 June 2016, 11:34 PM

Cars (for the most part) depreciate. Watches if bought new do too. I choose in general to pay off my cars and drive them as long as possible. Still riding my '98 Road Glide, driving my '04 F-250 although my Mini is only a year old and was purchased through trade in of a three year old one. But that was a matter of emotions and not finance.

arizonapaul · 14 June 2016, 11:52 PM

Quote:

Originally Posted by JUSTIFIED

My son has considerable means (through his own hard work building his own company) and he has never bought a brand new car and only spends moderate amounts of money on watches. Truly wealthy people have a different mindset.

Not sure where you are going with this last comment, but I for one, neither flaunt nor hide what I have.

My case in point is to have a smurf in the near future, 99 out of 100 people think its 'just' a steel Rolex.

Honestly, not even sure why I need to explain myself here.

nuff said

S.J. · 14 June 2016, 11:53 PM

Free is good. But mama always said there is no free lunch.

HogwldFLTR · 15 June 2016, 01:07 AM

Quote:

Originally Posted by arizonapaul

[/B][/B][/B][/B][/B]

Not sure where you are going with this last comment, but I for one, neither flaunt nor hide what I have.

My case in point is to have a smurf in the near future, 99 out of 100 people think its 'just' a steel Rolex.

Honestly, not even sure why I need to explain myself here.

nuff said

Not certain if any generalizations can be made however, the richest man I've known personally was Tom Brown, founder of Burr-Brown. He was an inventor and a genius worth approximately $3-4B. He drove a beat up Corolla, fwiw.

javo2999 · 15 June 2016, 01:32 AM

Why would you ever put money into a depreciating asset, especially high performance german coupes and sedans? The depreciation is ridiculous, the maintenance costs are ridiculous outside of warranty, and you risk "booking" your resale value if you were to ever be involved in an accident and have it against the carfax.

Lease, and put your cash into something that will GROW... heck even a savings account at a bank promo rate of 3% is better than that crap shoot.

Samui · 15 June 2016, 01:39 AM

Why not lease if you like changing cars every 2-3 years? Also whats your current car?

normandy · 15 June 2016, 01:45 AM

I'd get a watch over car

arizonapaul · 15 June 2016, 01:50 AM

Quote:

Originally Posted by Samui

Why not lease if you like changing cars every 2-3 years? Also whats your current car?

its still the 13 sl550. And I am going to look at leasing next go around, but inclined to keep this car for another 2 years or so, you all make good sense.

mmmn, now when is that new 2017 Masserati Alfieri coming out.

Micha · 15 June 2016, 01:56 AM

Quote:

Originally Posted by arizonapaul

its still the 13 sl550. And I am going to look at leasing next go around, but inclined to keep this car for another 2 years or so, you all make good sense.

mmmn, now when is that new 2017 Masserati Alfieri coming out.

Abdullah71601 · 15 June 2016, 02:08 AM

Quote:

Originally Posted by arizonapaul

its still the 13 sl550. And I am going to look at leasing next go around, but inclined to keep this car for another 2 years or so, you all make good sense.

mmmn, now when is that new 2017 Masserati Alfieri coming out.

You definitely need a platona before you take on the Masserati.

FWIW, I overcame the new car desire a few years ago. Sticking with the existing stable bought several exotic vacations, three watches, and some other things I probably wouldn't have considered previously.

Waiting for the incoming...

Tri-Tip · 15 June 2016, 02:24 AM

Great way to justify a Rolex purchase. And you can measure it dollar for dollar.

Friend of mine once got a free car (it was a Scion). He was driving his huge pick up truck every day when the gas prices went sky high. The savings on gas each month paid for the Scion, and he was able to keep his truck for the weekends.

WatchingAustin · 15 June 2016, 02:35 AM

One thing not mentioned. Depreciation only factors in when you sell the car! If you never sell the car you are always out the $130K! LOL.

Not sure why you have 5 cars and not a Platona! Leasing or extending ownership length to 6 years will easily save you tons of cash!

14 June 2016, 12:32 PM	#62
BNA/LION 2024 SubLV41 Pledge Member Join Date: May 2011 Real Name: Larry Location: San Diego, CA Watch: ROLEX Posts: 25,650	This is how I can get a new Rolex Platona absolutely free It's all about allocating resources and justifying one's actions to accumulate cars, watches, homes, stocks, bonds, gold, etc. It is amazing what we will do and tell ourselves, and our Wives, to justify our obsessions. Your car is nice and you like it. If you don't feel the need to get another one right now don't and get your FREE watch! IMHO __________________ ✦ 28238 President DD 18K/YG ✦ 16610LN SS Sub ✦ 16613 18K/SS Serti ✦ 16550 Exp II Non-Rail Cream Dial ✦ Daytona C 116500 ✦ 126710 BLRO GMT-Master II ✦ NEXT-->? ⛳ Hole In One! 10/3/19 DMCC 5th hole, par 3, 168 yards w/ 4-Iron.

14 June 2016, 02:11 PM	#69
77T 2024 SubLV41 Pledge Member Join Date: Dec 2010 Real Name: PaulG Location: Georgia Posts: 42,013	So take the bus and buy 2 Platona's __________________ Does anyone really know what time it is?

14 June 2016, 02:15 PM	#70
Mrkamir9 "TRF" Member Join Date: Jan 2015 Location: Nashville, TN Posts: 425	This is how I can get a new Rolex Platona absolutely free Well at least the Platona wouldn't depreciate as much as a car! Sent from my iPhone using Tapatalk

14 June 2016, 11:34 PM	#79
HogwldFLTR 2024 ROLEX SUBMARINER 41 Pledge Member Join Date: Aug 2012 Real Name: Lee Location: 42.48.45N70.48.48 Watch: Too many to list! Posts: 33,692	Cars (for the most part) depreciate. Watches if bought new do too. I choose in general to pay off my cars and drive them as long as possible. Still riding my '98 Road Glide, driving my '04 F-250 although my Mini is only a year old and was purchased through trade in of a three year old one. But that was a matter of emotions and not finance. __________________ Troglodyte in residence! https://www.rolexforums.com/showthread.php?t=808599

14 June 2016, 01:06 PM	#64
dominic.warren "TRF" Member Join Date: Jan 2014 Real Name: Someone Location: Somwhere Watch: Tudor LHD Posts: 1,001	So you can buy a 100k+ car with no loan so it is cash but you can't buy a watch? What the hell! I say sell your car buy the Platona and get a 5k car that runs.

14 June 2016, 01:25 PM	#65
fungo "TRF" Member Join Date: Aug 2010 Real Name: Andi Location: All over Watch: all kinds Posts: 309	If i cut my own hair for the next 40 years (20 per visit x12 months x40 years), I would of saved 9,600. BLNR, here i come.

14 June 2016, 01:36 PM	#68
DeeTee "TRF" Member Join Date: Dec 2014 Location: Los Angeles Watch: Netflix Posts: 3,978	Some of you guys are crazy! Who in there right mind wants to wear a Platona and drive a Civic? Nobody who appreciates the type of craftsmanship and allure of a platinum watch would balance that out with a car that's as exciting as a toaster oven.

14 June 2016, 02:20 PM	#71
Muzz "TRF" Member Join Date: Mar 2014 Real Name: Steve Location: TO CAD, HCMC VN Watch: MP 18946 Posts: 7,292	I decided to lay off on some handbags in order to get my Daytona. The sacrifices we make.

14 June 2016, 03:26 PM	#73
kilyung 2024 SubLV41 Pledge Member Join Date: Jul 2009 Location: Cave Watch: Sundial Posts: 33,940	I'd pick the watch (platona) over the car every time.

14 June 2016, 07:30 PM	#75
Cru Jones 2024 SubLV41 Pledge Member Join Date: Mar 2010 Location: Paris, France Posts: 35,298	sounds right to me! i think you should now take credit out on yourself, get the platona now, and pay it off with your system over the coming years.

14 June 2016, 11:28 PM	#78
Jmals "TRF" Member Join Date: Jul 2015 Real Name: John Location: Dallas Watch: SLA033J1 Posts: 146	Not sure how this is "free..." I have always bought my cars outright as well (not supercars mind you), but am slowly learning that if it floats, flies, or drives... lease it. Buy watches instead

14 June 2016, 11:53 PM	#81
S.J. "TRF" Member Join Date: Jun 2016 Location: San Fran Posts: 9	Free is good. But mama always said there is no free lunch.

15 June 2016, 01:32 AM	#83
javo2999 "TRF" Member Join Date: Mar 2016 Location: TORONTO Posts: 12	Why would you ever put money into a depreciating asset, especially high performance german coupes and sedans? The depreciation is ridiculous, the maintenance costs are ridiculous outside of warranty, and you risk "booking" your resale value if you were to ever be involved in an accident and have it against the carfax. Lease, and put your cash into something that will GROW... heck even a savings account at a bank promo rate of 3% is better than that crap shoot.

15 June 2016, 01:39 AM	#84
Samui Banned Join Date: Dec 2015 Location: Tokyo Posts: 611	Why not lease if you like changing cars every 2-3 years? Also whats your current car?

15 June 2016, 01:45 AM	#85
normandy "TRF" Member Join Date: Oct 2008 Real Name: Dominic Location: USA Watch: Rolex Posts: 1,183	I'd get a watch over car

15 June 2016, 02:24 AM	#89
Tri-Tip "TRF" Member Join Date: Jan 2011 Location: CA, USA Watch: Out!!! Posts: 6,474	Great way to justify a Rolex purchase. And you can measure it dollar for dollar. Friend of mine once got a free car (it was a Scion). He was driving his huge pick up truck every day when the gas prices went sky high. The savings on gas each month paid for the Scion, and he was able to keep his truck for the weekends.

15 June 2016, 02:35 AM	#90
WatchingAustin "TRF" Member Join Date: May 2016 Location: TX Watch: iwatch Posts: 390	One thing not mentioned. Depreciation only factors in when you sell the car! If you never sell the car you are always out the $130K! LOL. Not sure why you have 5 cars and not a Platona! Leasing or extending ownership length to 6 years will easily save you tons of cash!

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