ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
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27 August 2013, 09:44 AM | #1 |
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Real Name: Paul
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In my humble opinion, Patek outshines Rolex every time, for reasons too numerous to list.
If you don't have an issue with financing the watch, then get it as such. |
27 August 2013, 10:00 AM | #2 |
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Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
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Buy the watch that you like most ... I wouldn't think of it as something worth "x" years from now .....
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27 August 2013, 10:06 AM | #3 |
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Location: Indianapolis
Watch: Patek-Philippe
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I would not finance it. These depreciating pieces are more fun if you can buy and enjoy them. The chase is a lot of fun too! I'm not telling you not to but in years you might be happier.
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Rolex and Patek Philippe |
27 August 2013, 10:10 AM | #4 |
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Nearly everyone here will tell you if you cant pay for it all in one go in cash then don't buy it until you can. If however you think you can buy one without it hurting you at all then I would buy the Daytona, as it is a lot less money and will hold its value pretty well.
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27 August 2013, 10:31 AM | #5 |
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Real Name: Kevin
Location: Somewhere in PA
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Get the Patek. They are amazing on the wrist!
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Patek Philippe Rolex |
27 August 2013, 10:32 AM | #6 |
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Real Name: Ian
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Oh Lord! Watches are a thing you mess around with when you have nothing better to do with your money. This doesn't seem to be the case with you.
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Rolex, PPs, Breitling |
27 August 2013, 11:17 AM | #7 |
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If you don't have the cash...P A S S ........
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27 August 2013, 11:30 AM | #8 |
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Real Name: Justin
Location: Pa
Watch: Explorer ii
Posts: 3,155
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A lot of questions, one simple answer. Get the pp
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27 August 2013, 11:52 AM | #9 |
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Join Date: Aug 2013
Location: Orange county
Watch: Rolex Daytona
Posts: 64
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Eek! Cashing in on your investment money to buy a luxury watch with monthly payments is bold.
Anyways, buy the watch you would love to wear. |
27 August 2013, 01:38 PM | #10 |
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Real Name: Alex
Location: Chicago
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Go for the 5711
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27 August 2013, 01:51 PM | #11 |
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Join Date: Apr 2012
Real Name: Will
Location: Canada
Watch: The Sky
Posts: 1,824
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If you get 0% for list instead of getting grey market cash bnib
You'd be paying 28k vs 24k 4k is your interest practically speaking You're paying interest. Semantics aside Don't buy anything Sorry. |
27 August 2013, 02:38 PM | #12 |
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Join Date: Jul 2009
Location: New Mexico
Watch: SeaDweller
Posts: 224
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On both watches you will take a up front depreciation hit from retail. If you're
willing to source either secondhand or gray market you may end up saving more than the value of the 0% financing, so take the money from your trust and buy lightly used. That way, if the market tanks and you're trust goes in the toilet you can feel extra awesome about using some of it for something worthwhile. |
27 August 2013, 03:15 PM | #13 |
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Real Name: Bryan
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I wouldn't buy a watch if I don't have the cash.
But in between those two watches, hands down the 5711. Good luck and all the best! |
27 August 2013, 09:48 PM | #14 |
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This is strangely ironic, the funds we are talking about are called "watch fund" on my account. I started it as a savings account and was advised that an ISA tracker would grow faster by my FA. When I had saved enough I was advised to leave it there getting interest for me and buy 0% as I can always draw the cash if needed. I have never managed a discount for cash, I have tried. This advise has served me well as it has happened several times so far and now have several nice pieces and I got a good pot of cash to boot. I pay monthly into the tracker and can afford to write this off which is why it is in a high risk fund. Problem is this fund is growing faster than the low interest I can get on a loan.
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27 August 2013, 10:43 PM | #15 |
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Watch: 1665 GreatWhite SD
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Buy a new daytona now at £7800 and tomorrow you'll be lucky to get £6000 - daytona is a steel mass produced chronograph hardly a collectible same with the intro pp5711 be ready to lose heavily - telling you straight so don't buy on hope of getting you're money back short term - rarity equals demand equals high price - both these watches do not fit into this category - sorry its the way it is.
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27 August 2013, 10:49 PM | #16 |
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Real Name: Robert
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If "redundancy" is Brit-speak for bankruptcy, then keep saving. I would get on that airplane that PSV recommends if I knew where it was going!
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27 August 2013, 11:22 PM | #17 | |
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Quote:
eg, your employer folds or gets bought out or if your job is outsourced depending on your age and length of service or employers terms and conditions redundancy is usually accompanied by a last payment, which is tax free, the legal minimum for this is (something like) 1 week for every year worked, but many companies pay 2 weeks or even a month so if someone was made redundant after 10 years of employment with the same company the legal minimum they would get is 10 weeks tax free pay |
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27 August 2013, 10:53 PM | #18 |
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Go for the Daytona. PP do nothing for me personally speaking.
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27 August 2013, 11:16 PM | #20 |
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If you haven't got the cash at hand--DON'T purchase. Even with 0%. You have then put yourself into a position of no bargaining power! Scout around a bit and you'll find an AD that will discount some when you save up the cash. Then you're money in the bank so to speak. Why not put the word out to one of the trusted sellers on the forum as to what you want once you've decided. If they can find what you're after, you'll likely save a fair bit of $$$$. Just a suggestion. Good luck.
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27 August 2013, 11:25 PM | #21 |
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Real Name: Joe
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I see what you're trying to do OP, but stop reading too much into it. Buy the watch and enjoy.
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It's Espresso, not Expresso. Coffee is not a train in Italy. -TRF Member 6982- |
27 August 2013, 11:47 PM | #22 |
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Thanks guys, the AD called, and the decision is made. Thanks again
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28 August 2013, 12:00 AM | #23 |
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pp?
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Fine Quality is Long Remembered After the Pain of Spending Money is Forgotten |
28 August 2013, 12:42 AM | #24 |
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28 August 2013, 12:07 AM | #25 |
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Real Name: Trav
Location: singapore
Watch: it
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If u think you can handle the finance, buy it.
Life is too short to buy with cash on hand. You never know what will happen tomorrow. Enjoy with eyes wide opened. I see watches as a necessity, especially PP and rolexes. |
28 August 2013, 12:34 AM | #26 |
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I agree with part of that but coming up short on your "watch payment" is mighty embarrassing
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It's Espresso, not Expresso. Coffee is not a train in Italy. -TRF Member 6982- |
28 August 2013, 12:38 AM | #27 |
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Pp 5711
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Rolex Datejust II WG/SS Blue 116334 "8368xxxx" Rolex Sea-Dweller SD43 126600 "94A6xxxx" Rolex Deepsea Sea-Dweller 116660 "V84xxxx" Rolex Deepsea D-Blue Horizon 116660 "3170xxxx" Rolex Explorer II Polar 16570 "T20xxxx" Rolex Explorer II Black 216570 "G53xxxx" Rolex GMT-Master II 16710 "P32xxxx" Rolex GMT-Master II Ceramic 116710LN "V97xxxx" Rolex Submariner 16610 "Z61xxxx" Rolex Submariner Ceramic 116610LN "G79xxxx" |
28 August 2013, 12:43 AM | #28 |
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Join Date: Dec 2012
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Watch: 114060
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happy the OP has his direction and decision
re all the finance comments, jmho finance is ok to get what you really want, unless you feel the need for another expensive financed watch before you've paid the first one off.... (same true of cars/bikes/etc etc) |
28 August 2013, 12:43 AM | #29 |
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Real Name: michael
Location: Florida
Watch: explorer II cream
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unless you are enamored with having a NIB never worn watch, why not buy a nice pre owned from a legitimate source and save some $$. It will be used as soon as you put it on anyway :-) I just purchased an F series YG Daytona on strap with full B & P and with a light detail it looks new at a huge discount from new!
Good luck with the purchase. M |
28 August 2013, 09:33 AM | #30 |
Member
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Real Name: STYLE GURU
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where has he obtained 0% for 4years?- never seen it - but I want some.
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