Trade-in value

[Bebot]

Anyone here ever trade their Rolex for another Rolex on AD?
What is the ball park percent for a trade?

Example:

SS/Plat YM "K" series in very good condition trading for a brand new GMT IIc.

[postiff]

Probably better off selling it on your own. But that is just a guess I have never traded one in for another.

[China Man]

trading a watch is much like trading a car; you'll always get more if you sell it privately. The AD (or whoever you're trading the watch to) is going to turn around and sell it for a profit. Most probably, they're going to recondition the watch, to restore it to sellable condition. This all adds to the cost of owning that watch, so most likely you're going to get a low value for your watch (or at least not what you're expecting). You're probably wondering what I think the trade in value of that 16622 you own is ...

If I still worked for the big "T", I'd tell you the first number would be a 2...probably mid 2000 range or so. They might show you more for the watch, but that's because they're taking 20% off the top of the new watch and adding it to the trade value of the old one.

[Bebot]

WOW!

Thanks!

[jdrolltide3838]

Here's a first hand example. I took an "R" serial tt Sub Blue dial and a stainless Datejust ( I believe it was an '86 model but I cant remember) which was in mint and I mean mint condition and was just talking it over with the store manager while my girlfriend was picking out David Yurman crap. Anyway, I was looking at a tt Yachtmaster and the MSRP was $10k+ and I told the guy I didnt need anymore watches at the time and he told me to bring in 1 or 2 I may be interested in trading. So I did, my t/t Sub and stainless Datejust. I had no clue what he would offer but thought it would at least be decent since he gave me a 25 minute speech on how great Rolex held it's value. Anyway, he took the watches to the back, spent about 20 minutes back there and came back out, and offer $3k on trade for both watches. So it came out to being $7.25k+ tax my Sub and my Datejust; which of course I didnt do. I was literally offended when he made that offer and picked up my watches and walked out. So when you do go to offer a trade, let them know you know what you are talking about

[chicagowatchman]

If you don't have to sell due to putting food on the table or loosing your house then now is not the time to sell!

When the economy is good you will get top dollar......if you have a privte sell.

[boa2]

Originally Posted by China Man

trading a watch is much like trading a car; you'll always get more if you sell it privately. The AD (or whoever you're trading the watch to) is going to turn around and sell it for a profit. Most probably, they're going to recondition the watch, to restore it to sellable condition. This all adds to the cost of owning that watch, so most likely you're going to get a low value for your watch (or at least not what you're expecting). You're probably wondering what I think the trade in value of that 16622 you own is ...

If I still worked for the big "T", I'd tell you the first number would be a 2...probably mid 2000 range or so. They might show you more for the watch, but that's because they're taking 20% off the top of the new watch and adding it to the trade value of the old one.

That isn't necessarily true. Two people I know traded in watches at Tourneau, and both actually got above market re-sale value on the trade-ins.

The OP could try that route, or in the alternative, why not find someone who is willing to trade a mint GMT IIc, and the difference between the two will be in the $500-700 range at most...maybe less.

[JIM-]

Local AD won't even consider a used watch. Their happy to sell you a new Rolex but want nothing to do with your old one. F'ed up I think.

[mck22]

I have had better luck selling them outright. My AD gives almost nothing for used watches.

[allanofcalifornia]

Originally Posted by boa2

That isn't necessarily true. Two people I know traded in watches at Tourneau, and both actually got above market re-sale value on the trade-ins.

Tourneau would probably be one of the better places to trade in your watch since they sell pre-owned Rolex watches at a very high price. I guess it's because they are located in a very expensive shopping district.


Allan

[NYC6]

Tourneau where I got my new Sub last week has a policy where they give you what you paid on trade in when you purchase a more expensive piece. Only applies to watches purchased from them.
I got my Sub ND COSC with 10% of list price.

[allanofcalifornia]

Originally Posted by JIM

Local AD won't even consider a used watch. Their happy to sell you a new Rolex but want nothing to do with your old one. F'ed up I think.

When I talked to the salesperson about a month ago at a AD (Davidson & Licht in Walnut Creek), he seems to indicate that they would give a fair trade in value. I forgot how much but I thought it might have been like $3000 for a SS sub and $3500 or $4000 for a TT sub. They just sell them at wholesale to another dealer and give you the wholesale price. I thought that was reasonable for an AD.


Allan

[jdrolltide3838]

much better than mine. My AD is Bromberg's in Alabama, and although I havent bought much from them my family has bought Rolex's, diamonds, Yurman and other things from there. I dont consider myself a watch a dealer but when I buy I have flipping them in the back of my mind so I obviously cant pay MSRP. However I thought if I could trade the two I had and maybe a grand or two Id go ahead and do it. When he came back with $7.25k+tax plus my Sub and Datejust I was offended. I just sent a family member to another AD to buy his new Daytona he paid cash for, so they missed out on that sale

[Bebot]

Originally Posted by allanofcalifornia

When I talked to the salesperson about a month ago at a AD (Davidson & Licht in Walnut Creek), he seems to indicate that they would give a fair trade in value. I forgot how much but I thought it might have been like $3000 for a SS sub and $3500 or $4000 for a TT sub. They just sell them at wholesale to another dealer and give you the wholesale price. I thought that was reasonable for an AD.


Allan

Those are generous trade value.

[Bebot]

Decided to keep it. It's probably not worth it like a lot of members said.

Thanks guys!

[CharlieG]

I think a lot depends on the watch you are trading in, the condition, desirability and the watch you are looking to buy. If there offering a discount on the new watch don't expect as much of a generous allowance.

At the end of the day, they are in business to make money

In the end, you could probably do better selling privately but that's also easier said then done and has some risk.

[allanofcalifornia]

Originally Posted by CharlieG

I think a lot depends on the watch you are trading in, the condition, desirability and the watch you are looking to buy. If there offering a discount on the new watch don't expect as much of a generous allowance.

At the end of the day, they are in business to make money

In the end, you could probably do better selling privately but that's also easier said then done and has some risk.

I would think that if the AD is able to sell (offload) the watch at wholesale to a dealer who sells pre-owned watches, then you should be able to get the wholesale price for the trade in and also some discount but I would bet that most AD would not also offer a discount.


Allan

[Bisquitlips]

Sell it outright and then go in with the cash!

The AD's have to make a profit on both sides of any transaction. Good for them. Very bad for you!

[Bebot]

Originally Posted by Bisquitlips

Sell it outright and then go in with the cash!

The AD's have to make a profit on both sides of any transaction. Good for them. Very bad for you!

That's probably what's going to happen.

Anyone wants a SS/Plat YM?

It's a good price.

[txbikerdude]

Originally Posted by postiff

Probably better off selling it on your own. But that is just a guess I have never traded one in for another.

I would have to agree with postiff... you will probably make more $$ selling it to someone rather than trading it in, although it does make things allot easier

[Bisquitlips]

Originally Posted by SLODUCK

That's probably what's going to happen.

Anyone wants a SS/Plat YM?

It's a good price.

Post it on the Sales Forum of TRF! We shall see!

[Bebot]

Originally Posted by Bisquitlips

Post it on the Sales Forum of TRF! We shall see!

I need to take some photos.

What's a fair asking price?

[Welshwatchman]

Here's my story about a part exch attempt at a dealer.

I've got a 14060m COSC and I want an Alaska Project.

Dealer offers me £1200 for the 14060m and nothing off the Omega - £1770 cost to change.

I sell my 14060m privately for £2500 and buy the Omega online for £2370 - Minus £130 cost to change.

[jdrolltide3838]

Do you have any photos of it? What are you asking for it?

[Bebot]

Originally Posted by jdrolltide3838

Do you have any photos of it? What are you asking for it?

I'll probably be asking $4350.00 for it. Here is a not so great photo taken on a cheap camera. By the way this a "P" series.

[jdrolltide3838]

I dont think the photo showed up for some reason. Could you try it again? Thanks

[Bebot]

Originally Posted by jdrolltide3838

I dont think the photo showed up for some reason. Could you try it again? Thanks

Sorry but check the link below. I posted under classified section.

http://www.rolexforums.com/showthread.php?t=73393

[tommypit]

Grey dealer will always give you a better trade value. At least thats what I have found.

[forza1976]

when I bought my new watch last Friday the dealer offered me $2450 for my P series yachtmaster. (I laughed) I figure I can do better than that selling it myself or just keeping it.

[Bebot]

Funds pending!

I do believe it is sold.

As soon as the funds clear I"ll get my GMT IIc.