ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
17 October 2021, 02:57 PM | #31 |
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Real Name: Knackers
Location: NI/Aust/USA
Watch: and wait
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No it is not normal it is called desperation.
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17 October 2021, 03:20 PM | #32 |
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17 October 2021, 04:09 PM | #33 |
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Location: NL
Watch: Yachtmaster
Posts: 14,762
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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.
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17 October 2021, 04:34 PM | #34 |
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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. |
17 October 2021, 06:28 PM | #35 |
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Join Date: Nov 2019
Real Name: Vic
Location: Spain
Watch: SD43
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I would never do it, too risky. If the AD goes bust, chances are your friend loses his money.
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17 October 2021, 10:49 PM | #36 |
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Join Date: Apr 2018
Location: London
Posts: 40
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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.
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17 October 2021, 10:58 PM | #37 |
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Real Name: Travis
Location: FL / NYC
Watch: Yes..
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I've never made a deposit for a watch I wanted.
Even when I have offered, I was told it's not necessary. |
17 October 2021, 11:31 PM | #38 |
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Location: VA
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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
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17 October 2021, 11:40 PM | #39 |
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Join Date: May 2010
Location: Europe
Posts: 377
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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.
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18 October 2021, 01:17 AM | #40 | |
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Join Date: Dec 2019
Location: Boston
Posts: 1,335
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Quote:
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18 October 2021, 01:18 AM | #41 | |
"TRF" Member
Join Date: Dec 2019
Location: Boston
Posts: 1,335
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Quote:
But no, it’s not normal, at least for actual customers |
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18 October 2021, 02:46 AM | #42 |
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Real Name: PaulG
Location: Georgia
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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
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