ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
27 March 2018, 04:48 AM | #61 | |
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Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition) |
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27 March 2018, 04:50 AM | #62 |
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There was also a problem with Hyundai Genesis & Equus being exported to South Korea believe it or not. It was damaging their domestic dealers’ bottom line. Over there these cars carry lots of prestige and a hefty price tag like high-end Toyota/Lexus in Japan and they were being sold for way less in America to make inroads in the crowded $40k-$50k segment.
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Rolex 116710 BLNR Rolex Day Date 118238 Champagne/Batons |
27 March 2018, 04:50 AM | #63 |
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yep... its your RR, but you cant do what you want with it. Same thing. Thats been going on for a long time and no one is rioting in the streets
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Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition) |
27 March 2018, 04:51 AM | #64 |
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Yes, the AD can not sell to someone but legally speaking, the AD would be screwed in court with that contract if they wanted to withhold the warranty card associated with the watch you purchased if/when you wanted to sell.
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27 March 2018, 04:52 AM | #65 |
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Don,t know how i would feel if while i was signing this, a guy walked in, bought a pm piece at a knockdown price and walked out without having to sign anything. Is this contract related to every Rolex model they sell ?
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27 March 2018, 04:54 AM | #66 |
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Unless they refuse to honor warranty service, what would be the grounds for the suit? They will release the card after a year. If you require warranty service in another country as highly unlikely as that is, a quick call to the AD where the watch was purchased will straighten everything out. They can also provide you with a letter with a photocopy of the card for this purpose.
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Rolex 116710 BLNR Rolex Day Date 118238 Champagne/Batons |
27 March 2018, 04:55 AM | #67 | |
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Situation with supply has given ADs far too much leverage over the consumer....I'm in a situation right now with a local Patek AD that's playing a similar card and I'm not caving in....all the Rolex dealers I have relationships with I always strive for a win win.....I help you and you help me type of relationship.....you want my business? Glad to oblige if you show me you're willing to earn it. Alas, we don't live in a perfect world for a reason....keeps things interesting. |
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27 March 2018, 04:55 AM | #68 |
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No, this is strictly for the steel Daytona and probably going to happen for some other steel models with high resale value.
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Rolex 116710 BLNR Rolex Day Date 118238 Champagne/Batons |
27 March 2018, 04:56 AM | #69 |
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Of course as soon as a you get the warranty card back (after 1 year) you’re free to do whatever you want with the watch. The serial number won’t reappear until the next owner needs a service
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27 March 2018, 04:59 AM | #70 | |
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Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition) |
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27 March 2018, 05:00 AM | #71 |
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I see both sides but I think it’s a bit ridiculous. You aren’t leasing the watch it’s your purchase. Rolex could help decrease the grey markets insane prices by producing more watches. Instead they are putting it on the AD and consumers.
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27 March 2018, 05:02 AM | #72 | |
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I would bet those contract that you have to sign with Ferrari or wherever, are very, very specific about everything you can and can't do. Specific time frames, specific sale-back amounts, probably even detailed provisions to cover something like financial hardship etc. |
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27 March 2018, 05:03 AM | #73 |
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Producing more watches means that the SS Daytona is no longer the SS Daytona. The fact is a huge part of the appeal of this watch is its exclusivity. If that aura of unobtainable is gone, it ceases to be special. Look at the TT Daytona. If that were the limited one instead, things would be the other way around.
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Rolex 116710 BLNR Rolex Day Date 118238 Champagne/Batons |
27 March 2018, 05:04 AM | #74 | |
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It is uncommon on a percentage basis that you will die if you go skydiving. I don't know but it's got to be 1 in 500K or it wouldn't be legal. But it has happened and the reality is you are choosing to jump from an airplane 1000's of feet above ground. And the company is only protected if the death of a customer is something outside of their control. If the company is negligent, packed the shoots wrong, flew too low, too high, dropped you over a dangerous landing area, etc. their release wouldn't protect them from anything. I bet this is the same for scuba diving, renting a race car to drive on a track, renting an airplane one intends to fly themselves, many other examples surely exist. I admit I haven't read the fine print on my most recent iPhone purchase but I don't think I'm prohibited from selling it to another private party. There a companies in the US who specifically engage in the purchase of used cell phones to resell them. This isn't a practice Apple or Google, Samsung, LG, etc. are trying to stop. I can't imagine ever wanting to sell my own credit card to someone else. It may be illegal but it would also be epically stupid to do. Agreeing to arbitration is a fairly common thing. There are advantages to both parties for a swift resolution to disagreements. That's true of employment contracts, real estate contracts, even the agreement I signed to purchase my franchise has an arbitration clause in it. If the agreement the OP signed included an arbitration clause in the event of a dispute of the adherence to the terms in the agreement then I'd see how that example fits here. But what would they arbitrate? There is no financial penalty. The warranty card goes to the OP after a year no matter what, that isn't conditional in the agreement. Other high end luxury brands may impose similar purchase rules, as mentioned Ferrari, Ford for it's GT. I'd be willing to bet those agreements were written by a lawyer and would be enforceable in a US court, or arbitration. The agreement the OP signed is ridiculous as there is no financial penalty or forfeiture of property. The AD is actually excluding itself from selling to the OP in the future, not many retail businesses I can think of would find that a wise path to follow. This agreement makes me think the AD is forgetting who the customer is. They are there for customers, not the other way round. I think this is bad business and more people would avoid these requirements and purchase elsewhere than be limited to what they can do with an item they paid for an own. But as this agreement is so poorly thought through it may not discourage anyone as it has no teeth. |
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27 March 2018, 05:10 AM | #75 |
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The year hold on the card is way too much for me.. My watch, my card...
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27 March 2018, 05:11 AM | #76 |
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The contract can't hold up in court with that type of chosen font.
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27 March 2018, 05:13 AM | #77 |
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I can just visualize it now:
You're in a high-stakes poker game. You look at your cards and low and behold you're staring back at two beautiful Aces. You bet strong and everyone but one guy folds. In fact, he re-raises you all of your chips. Because you're playing at a very exclusive backdoor casino the rules are a little more liberal. So you push all your chips in and call out... "I call you & re-raise you with my one week old white dial Daytona 116500!" Your opponent looks at you funny... "Where did you buy that beautiful watch?" "I waited three years to have the privilege of buying this watch at XYZ Jewelers!" "Well before I call your Daytona raise I'm going to need to know if you signed the AD mandatory agreement." "Oh crud, I did! Can you hold on while I run over to the AD and sell them my watch back? I guess you're right, I'm unable to wager my watch as per our agreement. Hold the cards, I'll be back in an hour" :
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27 March 2018, 05:13 AM | #78 | |
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My Daytona 116500LN Purchase agreement Contract
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I have a SS Daytona so I agree with the lure of the Daytona. I think they can increase production enough to keep it exclusive while reducing grey market prices. Never going to eliminate these issue but it would help. |
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27 March 2018, 05:15 AM | #79 |
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So you would never buy a vintage or used Rolex then? You won’t get the papers or card at all in most cases. In this situation the card will be released. It’s not like you’ll be looking at the card. You’ll be wearing the watch. B&P just get stored away.
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Rolex 116710 BLNR Rolex Day Date 118238 Champagne/Batons |
27 March 2018, 05:19 AM | #80 |
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I agree that they should ship more of them. I think a 2 year wait is enough time. I don’t think they should ever produce them in LVc or BLNR numbers.
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Rolex 116710 BLNR Rolex Day Date 118238 Champagne/Batons |
27 March 2018, 05:21 AM | #81 |
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I'd be okay signing that if it meant getting the warch in a reasonable timeframe (under 3 months), not 3 years....
But, more importantly, congrats on an awesome watch! |
27 March 2018, 05:22 AM | #82 |
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If someone's willing to be on a wait list for years to get one, I would imagine that someone would be happy to sign such an agreement.
Alternatively, would people on this good forum rather that AD do "market adjustments"? If this piece is being sold at MSRP, and the demand is as strong as the Daytona is at the moment, this agreement should be no big deal. |
27 March 2018, 05:23 AM | #83 | |
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Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition) |
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27 March 2018, 05:34 AM | #84 | |
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Don't ever get into limited Pateks, because that will drive you insane with purchase applications etc. Rolex doesn't have to produce more watches, which is why we don't have Swatch type model of endless variations. No corporate profit goals for Rolex. |
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27 March 2018, 05:35 AM | #85 |
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My Daytona 116500LN Purchase agreement Contract
Some might even sign a non disclosure agreement.
Oh, I kid |
27 March 2018, 05:37 AM | #86 |
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I'm 90% sure I know who this AD is and can assure others that not all AD's in Scotland value their customers like this. This has been their MO since new model Daytona was launched.
However a warning - these agreements might be uneforceable in law but good luck buying another Rolex if you do dispose of your watch within the first 12mo.. They will likely do the same with SS Pepsi |
27 March 2018, 05:37 AM | #87 |
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Where do I pay and sign?
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27 March 2018, 05:38 AM | #88 |
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27 March 2018, 05:39 AM | #89 |
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This is great, I hope ALL ADs run this run. More to actual people who want them and 0 to the resellers
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27 March 2018, 05:45 AM | #90 |
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Not sure I’d be okay signing this.
OP, So what reference does your soul get you? Congrats on a great addition!
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