My Daytona 116500LN Purchase agreement Contract

[MinMay]

Should we all go on strike? :) . Let's all stop buying for a year...and I'm sure they'll issue an apology when they see sale going downhill. Without customers, they wouldn't exist.

[Jay (Eire)]

If this helps the average watch buyer get the watch she/he wants then it's all good.

[Etschell]

contract isnt even notarized so it isnt enforcable.

quite funny though and i have no problem with it.

[brandrea]

Originally Posted by Etschell

contract isnt even notarized so it isnt enforcable.

quite funny though and i have no problem with it.

Like Monopoly money

[RJRJRJ]

Originally Posted by Etschell

contract isnt even notarized so it isnt enforcable.

quite funny though and i have no problem with it.

While the contract itself is trash, it doesn't need to be notarized (assuming it wasn't trash). Do you notarize everything you sign?

[Etschell]

Originally Posted by RJRJRJ

While the contract itself is trash, it doesn't need to be notarized (assuming it wasn't trash). Do you notarize everything you sign?

if its on blank paper like that i would.

i dont sign anything. not even a check.

[RJRJRJ]

Originally Posted by Etschell

if its on blank paper like that i would.

i dont sign anything. not even a check.

Nothing wrong with that, but it is legally insignificant unless one of the parties wants to deny that they signed it.

[c41006]

As others have said, I get what they are trying to do but it really is very silly.

They say you can't sell the watch for 3 years but they send you the warranty after 1 year. You could sell it any time after you got the card and they wouldn't have a clue so what's the point of wasting the time typing that up?

[Bartlette]

Originally Posted by c41006

As others have said, I get what they are trying to do but it really is very silly.

They say you can't sell the watch for 3 years but they send you the warranty after 1 year. You could sell it any time after you got the card and they wouldn't have a clue so what's the point of wasting the time typing that up?

If any of you know either Swiss or Germans you know that they are sticklers for following the rules.

[MinMay]

The main issue is that Rolex can't meet the demand.

But to tell people how they should own their purchase is just wrong.

It's like...I sell my house to you...and I tell you that you can't sell it after 5 years. It doesn't make sense.

Rolex just need to work overtime. :)

[kneedeep]

Rolex can obviously afford to cut back/ration production and or distribution and therefore make certain of their model watches unofficial "somewhat limited editions". Good for them. We either deal with it or move on.

[Duc5150]

What a joke...I would have walked...I’ve got the cash here in my pocket, are you saying my money is no good here? No worries I saw another piece at your competition that’s on my bucket list...go blow

[roadster198]

Originally Posted by Duc5150

What a joke...I would have walked...I’ve got the cash here in my pocket, are you saying my money is no good here? No worries I saw another piece at your competition that’s on my bucket list...go blow

In the UK the market seems to be very different than the USA. I couldn’t just walk away. I’d already been waiting almost 3 years for the watch. For me to walk on that day would’ve been mental.

As people have posted before about being an average watch collector.... That’s me. I’m in a good enough position to buy Rolex just not two or three times a year which if I did would negate me having to wait on any list.

I understand what people are saying however it was sign it or you’re not getting it.

[Swashplate]

Totally unenforceable. I am sure they bounced this off of Rolex corporate......

[AK797]

Why can't the Americans get some crap like this first for once? Why do we always gotta be first?

[RoyalOac]

Not a lawyer here, but couldn't you hypothetically put a scribble of a signature that you just made up then deny you signed it? Unless they have compelling evidence like an HD video footage clearly showing the document and you signing it, it would cost them more time and money to sue you with discoveries, depositions, expert signature analyst to even bother trying to enforce this idiotic contract that they'll just walk away.

[RJRJRJ]

Originally Posted by RoyalOac

Not a lawyer here, but couldn't you hypothetically put a scribble of a signature that you just made up then deny you signed it? Unless they have compelling evidence like an HD video footage clearly showing the document and you signing it, it would cost them more time and money to sue you with discoveries, depositions, expert signature analyst to even bother trying to enforce this idiotic contract that they'll just walk away.

Of course, although you are setting yourself for jail time if they were to pursue it (which they won't). You can sign it, notarize it, fingerprint, chop a lock of your hair, and video tape it, and you'll probably be fine. Just won't be able to buy from them any more, and they might even change their mind on that.

[Ku5165]

Ive been lurking reading these posts for weeks/months. I've never bought new, I think a grey dealer is the way to buy as long as you don't need the latest greatest.

As much as I believe in free market. If Rolex wants to stop flipping they can do so quite easily. No warranty if your name isn't on the papers.

[Khans14]

Originally Posted by Ku5165

Ive been lurking reading these posts for weeks/months. I've never bought new, I think a grey dealer is the way to buy as long as you don't need the latest greatest.

As much as I believe in free market. If Rolex wants to stop flipping they can do so quite easily. No warranty if your name isn't on the papers.

Absolutely true. Rolex chooses not to try to stop it.

[Ballzzz]

3 years is nuts, I would not just on principal. I have 0 intention to sell but selling my property is my choice. Holding warranty card 1 year no prob. I also prefer my stickers be left on but that I can overlook also, 3 years I can not!

[HogwldFLTR]

I've never seen a watch sale prenup; cool. If it's sold prior to three years there's a divorce between the dealership and the buyer. As some said it depends on how far the dealer reach is. If it's a single store than likely not even an issue. There's no way they'd know if the watch was resold in all likelihood. They have the card and they'd have that regardless of a signed contract if they were allowed to keep it by the buyer. If they did all this verbally it would be just the same. The contract changes nada. First they have to ID that the watch has been resold. What is the likelihood of that happening. Maybe on a service but no card no warranty so it would be a paid for service anyway. Maybe the contract could act as some proof of their due diligence to Ma Rolex if the watch showed up other their radar. That the only value of the paper imho. The idea was definitely thoughtless as far as I can tell.

[masterdinh]

Never in a million years would I give up my rights to do what ever the heck I want to do with my personal property. Especially resell it. It’s a freaking watch!

Maybe you don’t intend on flipping, maybe a REAL emergency comes up. It’s an asset you purchased now you can’t liquidate.

That contract makes me sick.


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[Investr]

THAT IS RIDICULOUS!!!
P.S. The watch came out two years ago.

[roadster198]

Originally Posted by Investr

THAT IS RIDICULOUS!!!
P.S. The watch came out two years ago.

What does “The watch came out two years ago” mean?

I put my name on the daytona list with this AD in Oct 2014 when I got my BLNR. I wanted a SS Daytona that was it I didn’t know then there was going to be a new model released.

[Canook]

NO! just NO!
If i pay retail for something i own it! Ill do as i dam well please with it!!! unless they are subsidising it in some form of sponsorship then they can shove it waaaaaaay up there!

What if in 6 months i come on hard times?
What if i bought pre Basel and decided i wanted a different Rolex or a totally different watch and i was a 1 watch type of guy? (i wished i was lol)
What if i decide that i just didnt like it as much as i thought after a couple of months and decided it wasnt for me?

And ill be assuming that their "buy-back" is a wholesale thing so you would be sure to lose selling back to them......

Again they aren't subsidising it so they have NO right to keep any part of whats paid for at retail....

As you can guess i disagree with this practice and would love to see how their little document held up in court assuming its not actually endorsed by Rolex themselves

[Andad]

Yes indeed, that contract looks as tight as a drum.

A very leaky drum.

[roadster198]

Originally Posted by directioneng

Yes indeed, that contract looks as tight as a drum.

A very leaky drum.

But it’s my drum

[Steerpike999]

How long do they keep your first born for?

[andyxxx]

This document has little legal merit.
I wish it was mandatory to sign something similar – but written by solicitors to have legal standing.
I wish my AD would do it - I would sign (and abide to it)

I suspect all the naysayers already have the hard to get watches they want or manage to get them at retail or possibly are happy to pay nearly double from a grey?

[tyler1980]

Originally Posted by andyxxx

This document has little legal merit.
I wish it was mandatory to sign something similar – but written by solicitors to have legal standing.
I wish my AD would do it - I would sign (and abide to it)

I suspect all the naysayers already have the hard to get watches they want or manage to get them at retail or possibly are happy to pay nearly double from a grey?

it does everything that matters.

It holds the card for a year and makes it more difficult to flip. And If you sell your watch which obviously they cant do anything about, then they blacklist you for violating the deal. So you can only do it once. Flippers flip again and again so it will help. And Yes people are getting caught reselling watches through a number of methods.

legality is sort of irrelevant as it really doesnt have anything to do with that. Its just giving the AD grounds to refuse service to you in the future which is their right to do. Its also is giving the customer the expectation in writing, and not following it has consequences.... not legal consequences, but AD consequences, like no more watches.

People saying its not enforceable are missing the point entirely. Its your watch to do what you want with and they are not stopping you from selling it, its about the next watch and your future business relationship with the AD or lack of.