Sub / SD

[Dieler]

Buying either the the SS Sub or SD, ready any day now. Leaning towards SD, not that I will go that deep in the water. However, want something other than what I see on every other wrist, not a huge fan of the cyclops and generally like the more rugged version of things I purchase. Having stated, looking for comment on following;

Have been to 2 AD's in NY and 1 AD in NJ, none move on prices. Also happen to work within sight of the Diamond District in NY where it seems there are plenty of "grey market" watches available. So, the price spread is as follows: New @ $5300 / Gray Market unworn w/ papers, etc.. @ $ 4200-4500 and used in like new shape w/ no doc's @ $3750. All seem to be genuine rolex and what you pay seems to depend on what you want. My question, is it $2000 value to have papers? I assume if I walk into any AD with a genuine Rolex they would work on it, refurbish down the road? Is it the 2 year warranty for the $2K.

I realize the relationship with an AD can reap some less tangible benefits over time. My first Rolex, don't mind spending the cash if its best overall value. Would like opinions please, especially since I found what appears to be a nice example from 2005 for @ $3,500 undocumented other than from Seller, who is established just not AD.

Thanks in advance..