Case of Buyers Remorse...

[pickettt]

When I bought my first (and only), I didn't get buyer's remorse, but rather "buyer's indifference." I like it, but I can do with or without it. That's just me....bread and water or lobster and steak. No matter. Luckily, the cost didn't hurt me. But in your case, if you like the watch and you're not hurt financially by it, enjoy it. If you get rid of it, you'll probably miss the watch, but not miss the money. Take your family on a vacation anyway, that's priceless.

[Tmac478]

Originally Posted by Jedi5

My remorse has nothing to do with the watch.
I really love the watch, everything I was expecting and then some.

My remorse is from the cost.
I just can't justify the cost on myself.
Not sure if that made sense.
The cost on just one person.

I keep thinking boy, with this money the family could go on a vacation or
something along those lines.
Where the money is spent on the family and not just on me.
I feel selfish.
I hate that feeling.

Buying luxury items that cost thousands make no sense what so ever. I don't really know why any of us indulge.
If you are crazy enough to spend this kind of coin on a watch, I think you had better be financially comfortable enough that this is just disposable income.
I'm at a point in my life where it's financially feasible. I wouldn't think of purchasing a Rolex 20 years ago.

If you feel remorse, I say get rid of the watch and take a nice vacation with your family. Life is about making memories, not acquiring material possessions. Good luck!!

[Investr]

im no help here.... if I make an expensive watch purchase, then it ramen noodles and PB&Js for everyone for the next three months, no family vacays, etc, etc. If you're going to get in the watch game, its time to get your priorities straight!!! Timepieces first.... ;)

[hsm]

buyers remorse should only occur when you have purchased a 'white elephant' and you have zero chance of getting any outlay back,

you have traded your money for an item that will get you 90 percent back tomorrow,

no need for remorse,

think, it could have been a fake..........now that would be remorseful


I love my gmt, I have worn it every day since I bought it, I don't think I will be flipping and going through the models like many do, maybe its an itch that many have to scratch in life,
if I got rid of it, I have a feeling the itch may have been scratched, but I am keeping it so that's not on my mind at the moment.

[melrob1]

Originally Posted by yannis

ok, so you feel bad about it but you seem to ignore one parameter. Selling the watch can more or less return the same amount you spent acquiring it back to your pocket.

So why not enjoy it for as long as you can and think over it in the longer term?

It is not like you gambled the money or spent it in cologne and booze or even on a brand new car.

You kind of placed it on an asset that is not depreciating. Plus you get the satisfaction of actually wearing the watch (well once you put it out of the box and back on your wrist again). Just think about it from this perspective man.

this!

[superstarmar]

Originally Posted by Jedi5

My remorse has nothing to do with the watch.
I really love the watch, everything I was expecting and then some.

My remorse is from the cost.
I just can't justify the cost on myself.
Not sure if that made sense.
The cost on just one person.

I keep thinking boy, with this money the family could go on a vacation or
something along those lines.
Where the money is spent on the family and not just on me.
I feel selfish.
I hate that feeling.

There is no justification!
Think about it this way ...
buy a watch every year or so at $200/300 a pop and in 30 years it will
Be the same cost ! Plus your Rolex long term shouldn’t lose value !!!
Self inflicted guilt is just that ... self inflicted !
Get over it and enjoy your beautiful Sub !!! In life there are many
woulda shoulda coulda!!! Money comes and goes . Just enjoy the fruit
if your labor ... that’s what I would do ...

[jameson]

If owning a Rolex is a lifelong dream of yours, then you deserve the opportunity to achieve that goal.

However, if the lack of liquidity associated with buying the watch will make meaningful difference in your families life (e.g. "Sorry kids, no vacation this year"), then maybe you should wait a bit until you can take that vacation AND get the watch. You want to be able to enjoy your watch without worry, so this is for you too.

The flip side is, if you can buy the watch and still live your daily life the same as if you hadn't, Rolexes hold value very well so it's not like you are losing $8000. It's just in a CD that earns 0%

[tomchicago]

Ah yes....you've discovered the ultimate emptiness of physical possessions. Takes most people a lot longer to figure it out (some never do). Anyway...you should be able to flip out of it with minimal damage, although not unscathed.

[Dirt]

Originally Posted by Jedi5

All, thanks again for the insightful information and sharing your experiences when some of you were in the boat as I find myself currently.

No, this purchase in no way set my family back financially.
If it would have or I thought it would have, I would have never made such a purchase.

It's the feeling of being selfish that is bothering me.
Nothing more.

Here is the example I can share with you I guess.
From my username, I'm a huge Star Wars fan.
I'll be your resident Star Wars nerd.

At onetime, I was huge in vintage SW collectibles.
One of kinds, prototypes, all vintage from 77-90ish.

Then you have kids and I couldn't justify my hobby anymore.
I stopped collecting but kept my collection.
My collection was put away and collected dust for about 10yrs.

Last year I sold about 95% of my collection and with money bought my
wife a BMW.
Now her and kids all enjoy the vehicle.

What an absolute waste of money.

You say you spent years pursuing a legitimate hobby. Then did the right thing by suspending it in order to prioritise your family

Then you go and liquidate a large portion of your collection. (I assume you rightly kept the cream of it or the pieces that you simply enjoy the most.)

Then you go and buy a Beemer of some description
That's the absolute tragedy there.
Firstly it's a BMW.
Secondly your family are cruising around good sorting them selves in an overated mid grade marque that's depreciating at a rate that's inverse to the value of a well put together SW collection which costs you nothing to hold but take up some space. Or equally a cornerstone SS model Rolex.

And now you are having feelings of buyers remorse over the Rolex
Sorry but i think you may need a little more help than this forum can ever provide

[FTX I]

Originally Posted by Jedi5

All, thanks again for the insightful information and sharing your experiences when some of you were in the boat as I find myself currently.

No, this purchase in no way set my family back financially.
If it would have or I thought it would have, I would have never made such a purchase.

It's the feeling of being selfish that is bothering me.
Nothing more.

Here is the example I can share with you I guess.
From my username, I'm a huge Star Wars fan.
I'll be your resident Star Wars nerd.

At onetime, I was huge in vintage SW collectibles.
One of kinds, prototypes, all vintage from 77-90ish.

Then you have kids and I couldn't justify my hobby anymore.
I stopped collecting but kept my collection.
My collection was put away and collected dust for about 10yrs.

Last year I sold about 95% of my collection and with money bought my
wife a BMW.
Now her and kids all enjoy the vehicle.

Who knows, maybe down the road I'll sell the Sub and with the money from the sale I can do something like that again.
Treat the family to something nice!

Thanks again everyone!

I'd say strap that Sub on your wrist again and enjoy the the heck out of it. Life is too short. May the force be with you.

[Dirt]

Originally Posted by tomchicago

Ah yes....you've discovered the ultimate emptiness of physical possessions. Takes most people a lot longer to figure it out (some never do). Anyway...you should be able to flip out of it with minimal damage, although not unscathed.

Agreed

[superdog]

Originally Posted by Dirt

What an absolute waste of money.

You say you spent years pursuing a legitimate hobby. Then did the right thing by suspending it in order to prioritise your family

Then you go and liquidate a large portion of your collection. (I assume you rightly kept the cream of it or the pieces that you simply enjoy the most.)

Then you go and buy a Beemer of some description
That's the absolute tragedy there.
Firstly it's a BMW.
Secondly your family are cruising around good sorting them selves in an overated mid grade marque that's depreciating at a rate that's inverse to the value of a well put together SW collection which costs you nothing to hold but take up some space. Or equally a cornerstone SS model Rolex.

And now you are having feelings of buyers remorse over the Rolex
Sorry but i think you may need a little more help than this forum can ever provide

Lmao. I can’t help but agree with all of this. Well said.

[Jedi5]

Again thanks to all for the overwhelming responses on this thread.

I know when it is all said and done, I have 2 options:

Keep/enjoy the watch and stop whining
or
Sell it and stop whining


All joking aside, this purchase wasn't done on a whim.
I did take my take in this purchase.
For months I tried to read up and learn about your hobby.
I failed, so much I still don't know...

More than anything I wanted to hear from those of you that were
at one time also hit with buyers remorse.
Hear how some of you handled the same situation.

Originally Posted by prozac51

On another note, hold up your sub against a cheaper watch. The weight, tactile turn of the bezel and winding should convince you it's nothing short of legendary.

This is my cheaper everyday watch.
I've had this watch for some 8 years now I think, maybe more.
I love love this watch.
The feel, the weight, the look, and everything about it.

Problem is I know zero about this watch or the brand.
I've taken it to jewelers and they are all lost like I am.
Only thing they say is that is it really nice and automatic.

[heygawgaw]

Originally Posted by Jedi5

My remorse has nothing to do with the watch.
I really love the watch, everything I was expecting and then some.

My remorse is from the cost.
I just can't justify the cost on myself.
Not sure if that made sense.
The cost on just one person.

I keep thinking boy, with this money the family could go on a vacation or
something along those lines.
Where the money is spent on the family and not just on me.
I feel selfish.
I hate that feeling.

You are perfectly human in your feelings about this...hereis my story for perspective:
On wedding day my wife and I each bought matching his and hers TT DJ, 25 years ago, just us no kids or house. We where just staring out this kind of outlay for us was not cheap but marked a special occasion which we each felt we wanted and something cool to leave to an heir later down the road. Took up diving 3 yrs later and wanted a sub or SD but had the same thoughts as you listed, so bought a Seiko Divers 200m.

Now fast forward 25 years, still got the matching DJ (wife too) and Seiko, 2 boys through college and daughter just finishing HS.
Many family vacations, Hawaii, Disneyland, camping, skiing etc....
Celebrations for birthdays, special achievements, graduations etc....

This year asked my kids if they remembered our first time vacation to Hawaii...THEY ALL SAID "not really, we were so little"

Next day I went out and got me a SD

Do what makes you feel good right now and later do what make you feel good then....Nothing is wasted unless you devalue it!!! If you don't value it, then what is the point is doing it?

Just some perspective.

[Loevhagen]

Originally Posted by enjoythemusic

After a time, you may find that having is not so pleasing a thing after all as wanting.
It is not logical, but it is often true. -- Spock

https://www.youtube.com/watch?v=-wtYGZt7aI4

Brilliant.

[playmore009]

You were very honest about why you have the feeling of remorse. As long as you are honest with yourself, your decision will be the right one. I would keep the watch though.

[Dr.Smellody]

Never

[WhiskyVerb]

I understand. I recently had and still have a little on my 2nd watch, cause I thought I'd be a one-watch guy with my 214270 Explorer. But I added the Speedy Pro.

But, let me ask. How does your family feel? Perhaps your wife is proud and wants you to do something nice for yourself. Perhaps your son or daughter really loves the watch and wants it to be his/hers someday. If that's the case, you got a bargain.

Whatever you decide, it will be the right choice.

[WhiskyVerb]

Originally Posted by ajas

Bought mine in 2012. Ok, I had to pay lump sum at front but after 5 years it represents 4.3 Usd a day and longer I keep daily cost is less.
Ok.. I will have to add 750 usd for service next year....but I will get literally new watch back.
No regrets

Yes, to break it down like that makes good sense

[HogwldFLTR]

I had my 114060 for about a year before I decided it wasn't right for me. At that point I traded on towards something I wanted more. It's not a sin and unless a really high price was paid for the Sub it won't be to big of a hit on the wallet.

[Nerry]

Originally Posted by Jedi5

My remorse has nothing to do with the watch.
I really love the watch, everything I was expecting and then some.

My remorse is from the cost.
I just can't justify the cost on myself.
Not sure if that made sense.
The cost on just one person.

I keep thinking boy, with this money the family could go on a vacation or
something along those lines.
Where the money is spent on the family and not just on me.
I feel selfish.
I hate that feeling.

just leave the watch for a while with you..... you will get to like it or justify the purchase with time.

[WhiskyVerb]

Originally Posted by VicLeChic

...but I did it out of my own savings, not family's. We have a joint family account and also our own separate accounts each.

^^^Yes ^^^^

[Stuffthatworks]

I would return it. A Rolex is not a necessity and no matter your means is an extravagance because you can accomplish its intended goal (finding out what time it is), much, much more cheaply.

There are, of course, more nuanced reasons to own one, like fine craftsmanship and owning something timeless and durable in an era of planned obsolescence; but owning a Rolex should not be a halfhearted proposition. Return it and wait for the day that you can acquire one without the guilt or second thoughts. Just my two cents.

[superdog]

Originally Posted by Investr

im no help here.... if I make an expensive watch purchase, then it ramen noodles and PB&Js for everyone for the next three months, no family vacays, etc, etc. If you're going to get in the watch game, its time to get your priorities straight!!! Timepieces first.... ;)

[AK797]

Originally Posted by Jedi5

All, thanks again for the insightful information and sharing your experiences when some of you were in the boat as I find myself currently.

No, this purchase in no way set my family back financially.
If it would have or I thought it would have, I would have never made such a purchase.

It's the feeling of being selfish that is bothering me.
Nothing more.

Here is the example I can share with you I guess.
From my username, I'm a huge Star Wars fan.
I'll be your resident Star Wars nerd.

At onetime, I was huge in vintage SW collectibles.
One of kinds, prototypes, all vintage from 77-90ish.

Then you have kids and I couldn't justify my hobby anymore.
I stopped collecting but kept my collection.
My collection was put away and collected dust for about 10yrs.

Last year I sold about 95% of my collection and with money bought my
wife a BMW.
Now her and kids all enjoy the vehicle.

Who knows, maybe down the road I'll sell the Sub and with the money from the sale I can do something like that again.
Treat the family to something nice!

Thanks again everyone!

Time to stop being a martyr and live a little for yourself. Believe me if you don't it gets draining for those around you.

[herts9]

I justify my watch purchases like this:

If I didn't spend money on a Rolex, I would have spent it on something else I didn't need

[paltak]

The remorse goes away as soon as you start contemplating your next purchase, lol

I would just start wearing it regularly and know that if need be you can liquidate it fairly quickly without losing much if at all.

[The_Watch_Clocker]

you did not say why you had remorse but then i kept reading and it was about finances.

rolex is for folks with some disposable income. kids' college done? mortgage done? strong $ in the bank? buy buy buy.

but if the $8,000 watch is 1/10th of your total savings or more - bad decision.

you better wear that damn watch. work harder. make new vacation money.

if you worked for me or with me, i'd have some strong words for you.

[watchwatcher]

Originally Posted by AK797

Time to stop being a martyr and live a little for yourself. Believe me if you don't it gets draining for those around you.

Excellent point, Neil. And...the longer this thread goes on, I get the distinct impression the OP wants to be a martyr and for all of us to express our sympathy.

I'm done. OP you need to understand...this is where we watch enthusiasts come to discuss our passion. Not to listen to somebody whining about they think they spent too much money. If you don't have said money, stay out of the game.

Best of luck.

[Godfather111]

Sell it.

With the shortage of Rolex sports watches this Christmas, you may even turn a tidy profit.

Then take your family on vacation.