Buyer's Remorse

[bigterpsfan]

I am doing the right things - maxing out my 401k, saving a bit, paying down extra on my mortgage - I did not mention a $250 monthly car payment but it is minimal

[sea-dweller]

It sounds like you are doing the right things, GO FOR IT !

Originally Posted by bigterpsfan

I am doing the right things - maxing out my 401k, saving a bit, paying down extra on my mortgage - I did not mention a $250 monthly car payment but it is minimal

[dro57]

Originally Posted by sea-dweller

It sounds like you are doing the right things, GO FOR IT !

Ditto...pull the trigger. The grin on your face when you walk out with it will be priceless

[daytona1]

Go for it. I look at it this way. Having a Rolex on my wrist is like having money in the bank. You can always sell it and sometimes make money with a Rolex. I dont know a whole lot of other watches that you can do that with.

[Greenring]

Holy Sh*t for me was, after spending a week deciding, jumping and leaving the company I worked at for 30 years. I left for a fine gig and paid in taxes almost what I grossed working for my former establishment. Then my $360 Seiko Kinetic (now that was a Holy Sh*t expense for a mere wrist watch on my old salary) quit and I was shown the error of my ways by my little brother, who suggested I look at a Rolex. 6 Rolexes in 6 months paid for in cash- is now my Holy Sh*t!!
Don't over extend yourself. Pay cash for it and you'll be ok. This is a really crappy time to run up a big credit card balance at 24% APR.

[jaycee]

Originally Posted by Greenring

This is a really crappy time to run up a big credit card balance at 24% APR.

The base rate in the USA is 1% and you have credit cards with APR's of 24%???

Crikey, I thought things were bad in the UK (we're used to being ripped off as it's normal here) but maybe we're doing ok?

[Ed Rooney]

Originally Posted by jaycee

The base rate in the USA is 1% and you have credit cards with APR's of 24%???

Crikey, I thought things were bad in the UK (we're used to being ripped off as it's normal here) but maybe we're doing ok?

You'll pay anywhere from 10% to 30% in credit card interest in the states, worse if you miss payments or your balance trends upwards. The crooks will never get a dime of interest from me.

[GradyPhilpott]

I had never spent more than $220 for a watch.

For decades, I thought accuracy was king.

I still do, but there are other factors to consider.

I thought anyone who spent thousands on a watch was deluded.

As I began to accumulate watches and to study watches and to look at watches and to talk to people about watches, I began to want at least one "prestige" watch.

I settled on a Rolex Explorer and dropped about $5200 on one about a month ago.

I have not had one seconds worth of regret.

If love watches and you buy a watch you want and if you have the means to pay for it, what's to regret?

[gtbike72]

you're never regret it, I purchased my first brand-new Rolex ( submariner) when the price was $3899
five years down the road I can't even keep up with what it's worth I just recently received the back from the Rolex service center looks brand-new. that watch will never be flip it will be passed on to my son.

[ajfjunior]

i bought the same watch a few weeks ago...and i love it, follow your heart.

[Bisquitlips]

Took me 25 years to acquire my first one. Already planning on a second by next spring. Will pay cash and be twice as happy about it all as I am now. The GMT II is on my short list and perhaps even the ceramic. Also the SS Daytona has recently struck my fancy so it will also be in my collection someday soon as will a Panerai GMT, but this is a Rolex forum!

Buyer's remorse is not the word for it. More like Rolex fanaticism! If you hang around this board very much, it will flip a booger on you and will not be able to help yourself!

As others have said, save up and pay cash. It makes it much sweeter to have paid some of the price with patience.

[bodybump]

Originally Posted by bigterpsfan

I am really close to purchasing the SS GMT-IIc. I am just a bit nervous about laying down that type of cash. The most I have have every spent on a watch before this was $600 on a Gucci (don't laugh - I didn't know any better back then) and that was 10 yrs ago when I was 26. Please tell me about your holy cow what have I just done stories. Thanks!

Hey buddy let me tell you an honest opinion..if youre money is just enough to keep you a float DONT BUY IT!!! its really hard to regret it that in the end you will just tel yourself oh my why did i buy it....Rolex its not for everyone..i know how you feel..the same feelling i have it 3 months ago...if you have that feeling before you buy a Rolex dont buy it...You should buy a Rolex with an open mind not just because people here like myself advice you to do so...ofcourse we want everyone here to have their own experience of buying a Rolex...im telling you once you get one you will never stop looking for another one...Buying a Rolex need planning and a lot of investing..if you feel like you need cash in the near future then dont buy..if you feel like your ready to buy..Then go for it...Its an accomplishment and a status of owning a Rolex... status of Achievement!!!

[kybanker]

Love watches, got my first at age 31. After 4yrs of buying and trading Rolexes the only Holy Shit moment I've had was realizing I had $25,000 tied up in a watch after purchasing the new YG Yachtmaster II. Seemed ridiculous so I sold and scaled back a bit with SS Daytona.

[elijahenoch]

Originally Posted by bigterpsfan

I am really close to purchasing the SS GMT-IIc. I am just a bit nervous about laying down that type of cash. The most I have have every spent on a watch before this was $600 on a Gucci (don't laugh - I didn't know any better back then) and that was 10 yrs ago when I was 26. Please tell me about your holy cow what have I just done stories. Thanks!

I was going to get the SS GMT-IIc but ended up getting the steel sub no date now i wish i would have bought the SS GMT-IIc but two tone or the steel sub date. but no regrets at first yeah cause i made the wrong choice but now i REALLY LIKE IT.

[hflee55]

If you can afford it, I say GO FOR IT!

[SLS]

The only regret I have is not getting one sooner! Good luck & have fun!
~Scott

[jnewell]

Originally Posted by SLS

The only regret I have is not getting one sooner! Good luck & have fun!
~Scott

Agreed.

[at7724]

you only live once and with a Rolex, you will always be glad you did. Pull the trigger and do it.

[DS/B MINI S]

If you can pay cash...Enjoy your new watch

[ROLEX MAN]

Go with your heart, the quality stays, long after the price is forgotten!!

[gaopa]

It sound like you can afford the watch and that you really want it. If so, go for it. Cheers, Bill P.

[K-R]

Go for it buddy. GMT IIc is fab watch. That's why I got one for myself

[gone-rolex-mad]

Bought a Tag once because i liked the dial. Never again! Managed to sell it without too much of a loss. Never regreted buying a Rolie all of my ex's have been very fine. Go for the GMT you won't regret it.

[sirjohnbrian]

Nobody ever buys a Rolex just to tell time. I doubt many people consider Rolex an investment.

From the way you are considering this purchase, this will probably not be a Holy Cow, it'll be more like when can I get my next one...

[carbon6]

Never had a regret purchasing any Rolex. But did have buyers remorse purchasing another brand years ago...realizing that for another few hundred I could have bought a Rolex. The GMT IIc is a superb watch. Get it, you won't be disappointed.

[mfer]

Originally Posted by bigterpsfan

I am really close to purchasing the SS GMT-IIc. I am just a bit nervous about laying down that type of cash. The most I have have every spent on a watch before this was $600 on a Gucci (don't laugh - I didn't know any better back then) and that was 10 yrs ago when I was 26. Please tell me about your holy cow what have I just done stories. Thanks!

I think I know what you are talking about. You have the money, you want the watch, but a little voice inside your head keeps telling you,

"You are gonna spend $6k+ on a watch!!!!!"

My first Rolex was exactly the same. It was a sub and only $5k at the time. Only...ha!

Yeah it was hard handing the cash over so to speak, but long story short, it was one of the BEST $5k I ever spent. My next Rolex wasn't nearly as hard. It was the IIc!!!

[Dan Pierce]

If you can afford a Rolex in this economic environment you're either wealthy, efficient with your finances, or both. Nothing wrong with that.
I spend lots of time to determine what watches should be in my modest collection. That's time well spent because I've never regretted any of them.
dP

[Russ1974]

Here's how I looked at it. I have a mortgage, I have debt, I can't retire, I'm not "rich". I have a comfortable lifestyle, I have wanted a Rolex for as long as I can remember. I am not getting any younger (just turned 34), and thought "if not now, when?". If things go very bad financially, I know I can sell it and get at least some money back quickly if I need to (not that I expect it will!). There was nothing in a similar price range that my family needed or wanted that they didn't already have, so it wasn't a case of "do i buy the Rolex OR do I buy ...". So for me, it was the right time. I knew I would not have buyers remorse because I weighed up the pros and cons - you only get buyers remorse when you make quick decisions and don't weigh things up properly.

Is it the right time for you to buy? Only you can answer that.

[Mrdi]

The general consensus.
You will ask yourself, "Why didn't I do this sooner?"

[DSJ]

"Look, look, look, look, lookin' at my Gucci, it's about that time..."

I got my first at 35, and waited about 10 years too long. Do it, friend.