My Daytona 116500LN Purchase agreement Contract

[andyxxx]

Originally Posted by tyler1980

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.

Yes I agree and understand.

[tyler1980]

Originally Posted by andyxxx

Yes I agree and understand.

yeah... its turned into 6 pages of armchair lawyers and its not even about that

[AK797]

Originally Posted by tyler1980

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.

Easy to tell the litigious Americans from the grin and bear it English on this thread.

[mountainjogger]

Originally Posted by AK797

Easy to tell the litigious Americans from the grin and bear it English on this thread.

Lawyers have to eat to!!!

[AK797]

Originally Posted by mountainjogger

Lawyers have to eat to!!!

Only others.

[Gaijin]

Originally Posted by AK797

Easy to tell the litigious Americans from the grin and bear it English on this thread.

[d4v3]

I whole heartedly approve, hopefully it means I can actually buy something I want at retail.

[jimcameron]

In U.S. legal circles , that form of contractual agreement is referred to as a "Stormy Daniels". .

[SpeedyTuomas]

Silly. Also not very confident that the AD has the right to hold the guarantee card if I buy it and not lease it. The AD does have the right to not do business with someone, that might be the only ok point in that document..

[tyler1980]

Originally Posted by SpeedyTuomas

Silly. Also not very confident that the AD has the right to hold the guarantee card if I buy it and not lease it. The AD does have the right to not do business with someone, that might be the only ok point in that document..

they don't have the right to probably... they do have the right to when you give them permission to hold it for you for a year.

I can sell you my house and its your house, but if i say im keeping the dishwasher for a year as a condition of sale and ill return it next year. You agreed.

[SpeedyTuomas]

Originally Posted by tyler1980

they don't have the right to probably... they do have the right to when you give them permission to hold it for you for a year.

I can sell you my house and its your house, but if i say im keeping the dishwasher for a year as a condition of sale and ill return it next year. You agreed.

Not sure about that, consumer rights.

[bayerische]

That "contract" is worth the piece of paper it is written on in Europe. Guaranteed.

Have your lawyer call the AD and you'll have the warranty card posted to you, same day delivery.

[brandrea]

What ever happened to “pinky swear” or “ on my scouts honor”

[MonBK]

What a professional looking contract.

[tng11]

Originally Posted by brandrea

What ever happened to “pinky swear” or “ on my scouts honor”

It's worth being sold off for $7,500 IMO.

[BillA]

It’s kind of you to let your watch be jointly owned

[Devildog]

There's nothing remotely "ridiculous" or "unacceptable" or "disgraceful" about this.

Its a pre sale "contract". At that point it is not "your" property.

Don't like it, don't sign, buy the watch elsewhere.

Its just a deterrent. The penalty for not adhering to it is that the AD won't sell you any more watches. Wow. That's a killer.*

Get a grip people

It doesn't stop you selling it on. Its still you property to do with as you wish. You just won't have the card for 12 months (again, no big deal - unless you want to flip)

If you have to sell it within the year, you speak to the AD first. Assuming their offer isn't what you expect, you then have a conversation explaining why you have to sell it, and if that reason is because you need the money for reasons of financial distress, under UK contract law, withholding the card would not be deemed "reasonable" and you'd be able to get it back pretty easily. If, however, you just want to flip for profit, or move it on, then you'd be doing so without the card - which is the point of the excercise.

And in any event, as Mon has pointed out, the "contract" is badly written and probably quite easy to get out of. The law is very different in the uk. As is the culture of litigation.






*Sarcasm

[Chiefs]

In the UK - Check!
Ready to sign - Check!
Like the idea - Check!
Funds available - Check!

[yessir69]

Nope. Restrictions on ownership for something I’ve paid for is dumb. I’m not leasing the watch. And I would never do business with that store ever again. Not even for a repair.

[TacticaLCawacoL]

If Rolex was manufacturing enough watches, this wouldn’t be happening.

Ok there are many SS sports models on the internet for sale at crazy prices but even if you decide to purchase that way, there are not enough watches to satisfy the demand.
And all of the watches you can buy with grey or trusted sellers came from an AD first.

So this is a joke, the issue doesn’t come from flippers or bad buyers who want to make a quick buck... The entire problem comes from... Rolie i think. And they want it to be that way because if not they completely have the capacity to create an order system directly at the manufacture there in Swiss. Like cars manufacturers for example. You decide what model you want and you know about the process untill your dealer receive your car.

And what if this Dayto is your first and only and next year you have the urgent need to sell it for the money ? You sell it to whoever you want and at whatever price you want.

[mountainjogger]

Originally Posted by TacticaLCawacoL

And what if this Dayto is your first and only and next year you have the need to sell it for the money ? You sell it to who ever you want at whatever price you want.

That certainly could happen. But it is going to be harder to get top dollar without the papers - which the AD will have. And it may be hard to buy another Rolex from an AD in the future if you did this.

[Gaijin]

Originally Posted by TacticaLCawacoL

If Rolex was manufacturing enough watches, this wouldn’t be happening.

Ok there are many SS sports models on the internet for sale at crazy prices but even if you decide to purchase that way, there are not enough watches to satisfy the demand.
And all of the watches you can buy with grey or trusted sellers came from an AD first.

So this is a joke, the issue doesn’t come from flippers or bad buyers who want to make a quick buck... The entire problem comes from... Rolie i think. And they want it to be that way because if not they completely have the capacity to create an order system directly at the manufacture there in Swiss. Like cars manufacturers for example. You decide what model you want and you know about the process untill your dealer receive your car.

And what if this Dayto is your first and only and next year you have the urgent need to sell it for the money ? You sell it to whoever you want and at whatever price you want.

Yes. If Rolex made a BUNCH of these I'm not sure that everybody (well not everybody but tons of demand ) would want them. Think about that. Let it sink in just for a moment...



If Rolex made all that people could stand of these, flipping would end, demand would be satiated, Celebs/people would not be instagraming them and prices would be normal. It is the lack of these that has everyone standing in line and ADs making people sign contracts.

I don't want one, but if I did I would have no problem signing a contract saying that I was not going to flip it.

I think that the contract signing is reasonable and that Rolex are ( evil ) geniuses.

[77T]

I noticed the AD did this in July, 2017 - so this has been going on for a while.

The sole remedy for breach is that the AD will no longer sell to the OP. I don’t know UK law or local Scottish commercial codes - perhaps there are some prior restraint issues?

Either way, no enforcement powers are enumerated under the contract compelling the buyer to produce proof of continued ownership during the term of the agreement.

Glad you got your Daytona 500, though.


Sent from my iPhone using Tapatalk

[Fleetlord]

This has happened before with the SS Daytona and the solution was price increases until it stopped. It went from $6k to $12k over 8yrs.

Daytonas were selling below retail for a long time after the last hike. They were not in the case out of old habits, but in the vault if you looked worthy it was yours...

But the Daytona C is too cheap. Raising the price would stop all this drama.

[TheWatchEnthusiast]

So you can only have one of the two dials? What if i want both? I don't need any of them just say I just want to. According to this agreement i can't.
I love the fact that people are missing the huge point that Rolex has created the shortage in the first place. All they have to do is make more of them and there will be no flipping for a profit.
So first I have to beg them to take my money. Sign this ridiculous agreement that says that after a long waiting time when they finally take my money they still control what i paid in full for 3 years.
I am not a flipper just another crazy Rolex fun that is now being punished for wanting their product! I think i have to get another hobby to support .

[mountainjogger]

Originally Posted by TheWatchEnthusiast

So you can only have one of the two dials? What if i want both? I don't need any of them just say I just want to. According to this agreement i can't.
I love the fact that people are missing the huge point that Rolex has created the shortage in the first place. All they have to do is make more of them and there will be no flipping for a profit.
So first I have to beg them to take my money. Sign this ridiculous agreement that says that after a long waiting time when they finally take my money they still control what i paid in full for 3 years.
I am not a flipper just another crazy Rolex fun that is now being punished for wanting their product! I think i have to get another hobby to support with my dollars .

Sometimes live just *)&(^(&^(&'s.

[mountainjogger]

Originally Posted by mountainjogger

Sometimes live just *)&(^(&^(&'s.

Sorry. Too much coffee. Meant to say "Sometimes life is just not fair."

[Devildog]

Originally Posted by TheWatchEnthusiast

So you can only have one of the two dials? What if i want both? I don't need any of them just say I just want to. According to this agreement i can't.
I love the fact that people are missing the huge point that Rolex has created the shortage in the first place. All they have to do is make more of them and there will be no flipping for a profit.
So first I have to beg them to take my money. Sign this ridiculous agreement that says that after a long waiting time when they finally take my money they still control what i paid in full for 3 years.
I am not a flipper just another crazy Rolex fun that is now being punished for wanting their product! I think i have to get another hobby to support .

Yes you can have two dials - its just that the AD in question (may not) sell you another Daytona. This is only one of three ADs in the area.

Rolex has not created the problem. Increased demand has. Individuals masquerading as genuine buyers and walking to the nearest grey and flipping for profit has.

No one is being punished.

I said it on another thread. We need to stop acting like spoiled brats who can't get what they want and throw a tantrum. We have no "right" to be able to walk into an AD and buy anything. The retailer, however, has an absolute right of who they chose to sell to and the conditions of that sale.

[tyler1980]

Originally Posted by TheWatchEnthusiast

So you can only have one of the two dials? What if i want both? I don't need any of them just say I just want to. According to this agreement i can't.
I love the fact that people are missing the huge point that Rolex has created the shortage in the first place. All they have to do is make more of them and there will be no flipping for a profit.
So first I have to beg them to take my money. Sign this ridiculous agreement that says that after a long waiting time when they finally take my money they still control what i paid in full for 3 years.
I am not a flipper just another crazy Rolex fun that is now being punished for wanting their product! I think i have to get another hobby to support .

you cant.... happened to OP of another similar thread. The AD denied him since he bought the other dial a year earlier and from a different AD. Rolex knew and the AD had to run his name by them first. That wasn't even part of any agreement, its just the rule apparently. He isnt a flipper.

[VFA]

This is fucked up. I would never accept this.