The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Old 17 October 2021, 02:57 PM   #31
Moondoggy
"TRF" Member
 
Join Date: Jan 2015
Real Name: Knackers
Location: NI/Aust/USA
Watch: and wait
Posts: 3,301
No it is not normal it is called desperation.
Moondoggy is offline   Reply With Quote
Old 17 October 2021, 03:20 PM   #32
RolexSimon
"TRF" Member
 
RolexSimon's Avatar
 
Join Date: Aug 2020
Location: Australia
Posts: 1,377
Quote:
Originally Posted by VogelPhoenix View Post
I have paid large deposits or full price upfront at corporate boutiques (Omega, AP), but would think hard and long doing this at an AD.
Especially in Paraguay!!
RolexSimon is offline   Reply With Quote
Old 17 October 2021, 04:09 PM   #33
joli160
2024 SubLV41 Pledge Member
 
joli160's Avatar
 
Join Date: Apr 2013
Location: NL
Watch: Yachtmaster
Posts: 14,762
Any AD can go broke in 2 or 3 years.
In my country that means that you lost your money should that happn.
Banks and tax have preference over other creditors.
__________________
Day Date 18238, Yachtmaster 16622, Deepsea 116660, Submariner 116619, SkyD 326935, DJ 178271, DJ 69158, Yachtmaster 169622, GMT 116713LN, GMT 126711.
joli160 is offline   Reply With Quote
Old 17 October 2021, 04:34 PM   #34
Harry-57
2024 Pledge Member
 
Harry-57's Avatar
 
Join Date: Apr 2018
Real Name: Harry
Location: England
Posts: 10,683
Having bought and traded things at my AD for 30 years, I would be open to the possibility of paying up front. We have just left a large deposit with them for an item (not a watch). I have also paid deposits for Rolex watches, although not my last two from them.

If I walked into an unknown AD and was presented with such a proposition I would walk straight out again. Correction: I doubt I would walk into a strange AD for the first time and ask for a SS Daytona. Unrealistic.
Harry-57 is offline   Reply With Quote
Old 17 October 2021, 06:28 PM   #35
alphadweller
"TRF" Member
 
alphadweller's Avatar
 
Join Date: Nov 2019
Real Name: Vic
Location: Spain
Watch: SD43
Posts: 6,198
I would never do it, too risky. If the AD goes bust, chances are your friend loses his money.
alphadweller is offline   Reply With Quote
Old 17 October 2021, 10:49 PM   #36
Crazycollector
"TRF" Member
 
Crazycollector's Avatar
 
Join Date: Apr 2018
Location: London
Posts: 40
Big NO! Only time paid up front was to secure watch that was already in store and due to Covid pandemic shop closed but had to click and collect at entrance. Did this on three occasions over pandemic when shops closed with a well known dealer.
Crazycollector is offline   Reply With Quote
Old 17 October 2021, 10:58 PM   #37
travisb
2024 SubLV41 Pledge Member
 
travisb's Avatar
 
Join Date: Aug 2009
Real Name: Travis
Location: FL / NYC
Watch: Yes..
Posts: 33,493
I've never made a deposit for a watch I wanted.
Even when I have offered, I was told it's not necessary.
travisb is offline   Reply With Quote
Old 17 October 2021, 11:31 PM   #38
novae500
"TRF" Member
 
novae500's Avatar
 
Join Date: Jun 2009
Location: VA
Posts: 965
The manager at one of the local ADs tried that on me and several others asking for $5,000 deposit for BLRO 2/2019. Luckily I didn’t send the money and went on here and inquired about it. Find out from several local members that the store was going out of business and Rolex pulled out with the store as well. Without this forum I would have been out $5k.


Sent from my iPhone using Tapatalk
__________________

326933 SkyDweller, 126711 GMT II CHNR
12600 DeepSea Seadweller
14060 No Date Submariner
16710 GMT II Pepsi N-Series, Coke F Series
novae500 is offline   Reply With Quote
Old 17 October 2021, 11:40 PM   #39
johnwigan
Banned
 
Join Date: May 2010
Location: Europe
Posts: 377
Paying up front is not a deposit and is risky. Tells me the AD is short of cash and not sure if he is still going to be around in the future. A deposit is say, 20% from a new customer, to weed out timewasters. But even for that I would want a definite, reasonably short timescale. Say three months to deliver, not years. And I need to be certain I can get my money back with no penalty.
johnwigan is offline   Reply With Quote
Old 18 October 2021, 01:17 AM   #40
BroncoOne
"TRF" Member
 
Join Date: Dec 2019
Location: Boston
Posts: 1,335
Quote:
Originally Posted by padi56 View Post
Speaking for myself would not pay upfront for anything, especially the most over hyped watch in Rolex history the modern Daytona. And if anyone pays for anything before holding it, or having any product in there hands. Then they either have more money than sense or be sixpence short of a shilling IMHO.
Try buying a refrigerator today. Or a car. It’s the only way to get one, unfortunately. But not normal for a Rolex in my experience.
BroncoOne is offline   Reply With Quote
Old 18 October 2021, 01:18 AM   #41
BroncoOne
"TRF" Member
 
Join Date: Dec 2019
Location: Boston
Posts: 1,335
Quote:
Originally Posted by johnwigan View Post
Paying up front is not a deposit and is risky. Tells me the AD is short of cash and not sure if he is still going to be around in the future. A deposit is say, 20% from a new customer, to weed out timewasters. But even for that I would want a definite, reasonably short timescale. Say three months to deliver, not years. And I need to be certain I can get my money back with no penalty.
It’s the way to get the pikers who come in looking for a Daytona by the dozens and who won’t ever buy anything else to get lost and not come back.it’s got nothing to do with the AD’s cash position.

But no, it’s not normal, at least for actual customers
BroncoOne is offline   Reply With Quote
Old 18 October 2021, 02:46 AM   #42
77T
2024 SubLV41 Pledge Member
 
77T's Avatar
 
Join Date: Dec 2010
Real Name: PaulG
Location: Georgia
Posts: 42,024
If asked, as the OP’s friend was, then a counteroffer would be opening an account at the AD with $100K. Then place the order(s).

The buyer can be deemed bona fide and the seller has no use of the money.

Just an idea.


Sent from my iPhone using Tapatalk Pro
__________________


Does anyone really know what time it is?
77T is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

OCWatches

Wrist Aficionado

My Watch LLC

WatchesOff5th

DavidSW Watches

Takuya Watches


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.