Requesting advice on a Daytona situation

[Taz]

Hello all,
My local AD has a Daytona black dial available by chance because the original buyer backed out. This news came unexpectedly and with the holidays upon us I cant think only of myself (not that it is okay to be selfish at other times either). That being said, I would like to make a go at it and see how the finances work out. My question is: if in a few months I find myself in a pickle financially, would I have the option of selling the Daytona to a jeweler or other source for the same full purchase price? How about a profit? (this is assuming of course that the watch has not been worn).
What do you guys think?

[dhh]

Unless you buy it under 10k I think it would be hard to break even. I wouldn't even remotely think of a profit.

Almost every AD I have talked to in the past few weeks seems to have a Daytona laying around.

There are a number of great used watches on this forum - do what makes financial sense for you - first and foremost.

[Jason71]

I wouldn't even consider buying it, if I were you.............If you are already considering selling it in a couple months. Buy a $10,000 watch because you plan to keep it. Don't buy it so you can break even or make a profit, because you most likely will not be able to do either.

[Taz]

Thanks Dhh, that s sound advice. I initially got caught up in past posts about "waiting lists" etc, but I dont think that is necessarily the case these days with the economic climate...perhaps. That being said, it may be more prudent to wait a few months or next year and see if the opportunity presents itself again. If I get the watch, I want to get it to wear and enjoy...not to have it stress me out.
The grey market doesnt offer price breaks on the Daytona, do they?

[HL65]

If you can't swing it now--don't do it. There will always be another opportunity!! And yes--you can get a V for under $10k that is like new in box. When you get the money-check the TRF sellers forum--there are some great sellers and some great watches!

[therolexguy]

Originally Posted by dhh

Unless you buy it under 10k I think it would be hard to break even. I wouldn't even remotely think of a profit.

Almost every AD I have talked to in the past few weeks seems to have a Daytona laying around.

There are a number of great used watches on this forum - do what makes financial sense for you - first and foremost.

X2
...Daytonas are available.

[Speed]

Originally Posted by Taz

Thanks Dhh, that s sound advice. I initially got caught up in past posts about "waiting lists" etc, but I dont think that is necessarily the case these days with the economic climate...perhaps. That being said, it may be more prudent to wait a few months or next year and see if the opportunity presents itself again. If I get the watch, I want to get it to wear and enjoy...not to have it stress me out.
The grey market doesnt offer price breaks on the Daytona, do they?

Look in the classified section of this site. You will see BNIB SS Daytona's for around $10,300 - $10,400...

You as an ordinary Joe Vs. a seller with a stellar rep will not fare well. This is not a sound strategy... As was posted earlier, buy the watch to keep / wear...not for some quick profit.

[Tools]

I wouldn't want to advise anybody about their personal finances....

But, if you know where you sit financially, most Dealers offer some sort of financing plan. And a Daytona will always be a model that you can sell if necessary.......... any loss, if at all, would be minimal on this model..

[conrail]

As others have said. Buy it because you want it and want to keep it, don't try and flip it for a profit; probably won't happen. However, if you do run into financial troubles you shouldn't have any trouble selling it and (if you buy it below $10k) breaking even or maybe taking a slight loss.

[hanto]

Buy it. wear it for few years and you probably can sell it at the price you buy :-)

[colpol]

I was kind of in a similar situation about the same time last year

One of my "grails" came up. It was just before xmas & my contract was up at end of Jan & I wasn't sure it was going to be renewed.

I still kick myself that I didn't go for it BUT deep down I know I did the right thing by holding off. In these times - sometimes its better to hold off until you know that its defo the right time. How much enjoyment would you (or I) have gotten from our watches with that worry hanging over us that if it all "goes wrong" & we could be struggling financially cos we splashed on a watch.

[Puffy]

Originally Posted by hanto

Buy it. wear it for few years and you probably can sell it at the price you buy :-)

copy that

[gig]

Dont forget the sales tax and any cost of selling. I would agree that when you add these in, plan to lose about 20%.

[dhh]

on another forum (TZ) - there was a great deal on a few daytonas yesterday - a "V" for $9250 and a "Z" for $8500 each with box and papers from clean sellers.

Deals exist - just don't rush into anything.

[petesjag]

I would only buy it if you have the funds..If you need $$ sometime soon then you will most definitly take a loss. Maybe in a year or two you will be able to sell and get your money back...keep in mind that you need to take good care of her should you need to sell, then it will easier to sell...
pete