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garyfromleeds · 3 October 2011, 07:38 AM

Has any of you guys bought a rolex from a friend or family member who works for
a rolex AD is so what discount did they get ???
and what saving was passed on to you ???

Aparrish · 3 October 2011, 07:46 AM

Good question! I have always wondered a true answer. I purchased a GMT IIc last week and actually met a older lady (friend of my family) whom I had not seen in years. Said she had been at the AD for 15 years! I asked her off to the side if I had let her know before hand if she could have gotten me a deal, since I paid MSRP minus the sales tax. She said that she prob could not have because they were so strict. Granted, she was not a close family member, I'm not sure if it was true or not. Curious to see the replies!

Art 1 · 3 October 2011, 08:05 AM

Yes, from a friend, no discount. Was able to re sell the watch at +$1000.

brandonsfl · 3 October 2011, 10:49 AM

I recently had a discussion about this with the manager of my AD. According to him, Rolex allows for a once-in-a-lifetime opportunity for AD employees to purchase a Rolex at Cost - 20%. That is AD's COST, not RETAIL PRICE, minus 20%. Again, employees should decide smart because once they make a pick, that will be it for the duration of the employment with any AD.

The catch: Rolex engraves their initials on the back of the casing.

I then asked him, for example, how much he would get a Black Sub for (that goes for $8K). He did some numbers on his head and came up with $4200.

Kanger · 3 October 2011, 11:20 AM

Quote:

Originally Posted by brandonsfl

I recently had a discussion about this with the manager of my AD. According to him, Rolex allows for a once-in-a-lifetime opportunity for AD employees to purchase a Rolex at Cost - 20%. That is AD's COST, not RETAIL PRICE, minus 20%. Again, employees should decide smart because once they make a pick, that will be it for the duration of the employment with any AD.

The catch: Rolex engraves their initials on the back of the casing.

I then asked him, for example, how much he would get a Black Sub for (that goes for $8K). He did some numbers on his head and came up with $4200.

AD markup is 40% off, another 20% off is a total of 60% off, which means a black Sub should only be $3200 according to your methodology...

DucS2R · 3 October 2011, 12:55 PM

I have a close friend in that category and the answer is no, I can usually get a better deal from a stranger because I can push a stranger harder in closing the deal than I can with a friend. I get good but not great deals from my friend. What I get that is special, though, is getting to meet the US director for Lange, getting to see and hold tourbillon watches worth a quarter of a million made for heads of state, access to limited edition and new releases, and often, free servicing. All of that is worth a 10 percent discount versus a 20 percent discount.

T

rtan · 3 October 2011, 02:17 PM

Quote:

Originally Posted by kanger

AD markup is 40% off, another 20% off is a total of 60% off, which means a black Sub should only be $3200 according to your methodology...

If AD markup is 40% then the cost to AD is $4800 (based on $8000 MSRP)
Another 20% off AD cost would be $3840

40% off then another 20% is NOT 60% off overall...

Kanger · 3 October 2011, 02:26 PM

Quote:

Originally Posted by rtan

If AD markup is 40% then the cost to AD is $4800 (based on $8000 MSRP)
Another 20% off AD cost would be $3840

40% off then another 20% is NOT 60% off overall...

I could be wrong, but the way he quoted it is open to interpretation. It could be 60 off or 40 off and another 20 on the remaining 60.

gt3pilot · 3 October 2011, 02:34 PM

Quote:

Originally Posted by kanger

I could be wrong, but the way he quoted it is open to interpretation. It could be 60 off or 40 off and another 20 on the remaining 60.

It's 40% off retail which is dealer cost, then 20% off that. Just like above:

$8000 Retail minus 40% = $4800.00
$4800.00 minus 20% = $3840.00 plus there is a small shipping charge.

-Scott B.

Watch Professor · 3 October 2011, 02:55 PM

20% off of dealer cost? Why would an AD lose $?

gt3pilot · 3 October 2011, 03:29 PM

Quote:

Originally Posted by Watch Professor

20% off of dealer cost? Why would an AD lose $?

They don't. They just handle the order for the employee through Rolex.

-Scott B.

Rani Drama · 4 October 2011, 12:19 AM

Hmmm i should apply for a job part time to one of the dealers around here (my ad is too small to hire anyone) and then get an 18K GMT and quit.

jacksprat · 4 October 2011, 01:13 AM

you have to work like 3 years first me thinks. Or else everyone would become a 1 month employee. haha

brandonsfl · 4 October 2011, 02:55 AM

Yes, it is the AD cost minus 20%. I wasnt sure what the AD cost was, but 40% seems about right.

The AD guy I spoke to says an employee paid around $4200 for a spanking new Sub C. Maybe that is with shipping, taxes, etc.

Welshwatchman · 4 October 2011, 02:58 AM

Quote:

Originally Posted by brandonsfl

Yes, it is the AD cost minus 20%. I wasnt sure what the AD cost was, but 40% seems about right.

The AD guy I spoke to says an employee paid around $4200 for a spanking new Sub C. Maybe that is with shipping, taxes, etc.

Just to bring this one in for a safe landing that would be dealer cost less 20% ... and then sales tax added, right?

If so, someone get me a job and order that 116509 with a slate dial please.

jizeal · 4 October 2011, 03:27 AM

I heard Mayor's gives an employee 50% off retail on any Rolex after working there for 2 years.

brandonsfl · 4 October 2011, 08:01 AM

Quote:

Originally Posted by Welshwatchman

Just to bring this one in for a safe landing that would be dealer cost less 20% ... and then sales tax added, right?

If so, someone get me a job and order that 116509 with a slate dial please.

That is right. And yes, the AD I am referring o is Mayors. And 50% isn't exactly accurate. Welshwatchman's formula is stated perfectly.

mitcht · 4 October 2011, 08:12 AM

One of my friends works in an AD and is unable to offer crazy discounts... It seems as though special circumstances are handled by the store manager" scratches, one-offs, etc).

He can offer a discount, but it isn't anything I would write home about.

Tri-Tip · 4 October 2011, 10:50 AM

Quote:

Originally Posted by jizeal

I heard Mayor's gives an employee 50% off retail on any Rolex after working there for 2 years.

Quote:

Originally Posted by brandonsfl

That is right. And yes, the AD I am referring o is Mayors. And 50% isn't exactly accurate. Welshwatchman's formula is stated perfectly.

That sounds like something offered by the store itself as a perk to a 2-year employee, not a Rolex sponsored promotion. Great deal none-the-less.

3 October 2011, 07:38 AM	#1
garyfromleeds Banned Join Date: Jun 2011 Real Name: Gary Location: leeds Watch: Deepsea D Blue Posts: 454	Store discounts for family ???? Has any of you guys bought a rolex from a friend or family member who works for a rolex AD is so what discount did they get ??? and what saving was passed on to you ???

3 October 2011, 02:55 PM	#10
Watch Professor "TRF" Member Join Date: Oct 2009 Real Name: Myron Location: New York Watch: GMT IIC; Sub Date Posts: 3,166	20% off of dealer cost? Why would an AD lose $? __________________

4 October 2011, 12:19 AM	#12
Rani Drama "TRF" Member Join Date: Aug 2010 Location: Canada Watch: 116610LN Sub Posts: 427	Hmmm i should apply for a job part time to one of the dealers around here (my ad is too small to hire anyone) and then get an 18K GMT and quit. __________________

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3 October 2011, 07:46 AM	#2
Aparrish "TRF" Member Join Date: Dec 2010 Real Name: Alan Location: Mississippi Watch: GMT IIc 116710 Posts: 35	Good question! I have always wondered a true answer. I purchased a GMT IIc last week and actually met a older lady (friend of my family) whom I had not seen in years. Said she had been at the AD for 15 years! I asked her off to the side if I had let her know before hand if she could have gotten me a deal, since I paid MSRP minus the sales tax. She said that she prob could not have because they were so strict. Granted, she was not a close family member, I'm not sure if it was true or not. Curious to see the replies!

3 October 2011, 08:05 AM	#3
Art 1 Banned Join Date: Feb 2008 Location: Florida, Canada Watch: Rol/Seik/Tud/Omega Posts: 30,244	Yes, from a friend, no discount. Was able to re sell the watch at +$1000.

3 October 2011, 10:49 AM	#4
brandonsfl Banned Join Date: Sep 2011 Location: Florida Posts: 26	I recently had a discussion about this with the manager of my AD. According to him, Rolex allows for a once-in-a-lifetime opportunity for AD employees to purchase a Rolex at Cost - 20%. That is AD's COST, not RETAIL PRICE, minus 20%. Again, employees should decide smart because once they make a pick, that will be it for the duration of the employment with any AD. The catch: Rolex engraves their initials on the back of the casing. I then asked him, for example, how much he would get a Black Sub for (that goes for $8K). He did some numbers on his head and came up with $4200.

3 October 2011, 12:55 PM	#6
DucS2R "TRF" Member Join Date: Aug 2011 Location: West Virginia Posts: 135	I have a close friend in that category and the answer is no, I can usually get a better deal from a stranger because I can push a stranger harder in closing the deal than I can with a friend. I get good but not great deals from my friend. What I get that is special, though, is getting to meet the US director for Lange, getting to see and hold tourbillon watches worth a quarter of a million made for heads of state, access to limited edition and new releases, and often, free servicing. All of that is worth a 10 percent discount versus a 20 percent discount. T

4 October 2011, 01:13 AM	#13
jacksprat "TRF" Member Join Date: Feb 2010 Location: seattle, WA Posts: 163	you have to work like 3 years first me thinks. Or else everyone would become a 1 month employee. haha

4 October 2011, 02:55 AM	#14
brandonsfl Banned Join Date: Sep 2011 Location: Florida Posts: 26	Yes, it is the AD cost minus 20%. I wasnt sure what the AD cost was, but 40% seems about right. The AD guy I spoke to says an employee paid around $4200 for a spanking new Sub C. Maybe that is with shipping, taxes, etc.

4 October 2011, 03:27 AM	#16
jizeal "TRF" Member Join Date: Dec 2010 Real Name: Neil Location: South Florida Watch: neilswatches@gmail Posts: 5,157	I heard Mayor's gives an employee 50% off retail on any Rolex after working there for 2 years.

4 October 2011, 08:12 AM	#18
mitcht "TRF" Member Join Date: Aug 2010 Location: Canada Posts: 257	One of my friends works in an AD and is unable to offer crazy discounts... It seems as though special circumstances are handled by the store manager" scratches, one-offs, etc). He can offer a discount, but it isn't anything I would write home about.

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