I got the call but can't afford it right now....

[1William]

Just a watch. You get one in the future if you want.

[Mountain]

Originally Posted by Swifjo

the classic rolex explorer 124270 she previously offered me the two tone explorer as well but I've been adamant that I want the SS explorer as my first rolex. It feels classic and I can wear with a suit and at work in general without it being too flashy.

The perfect Rolex and the one I wear pretty much every day. So versatile and all one needs. So, I feel your pain. But, don’t worry: others will come along.

[tjs1295]

Originally Posted by Philadelphialawyer1

take a loan out of your 401k
yolo cuz!!!!!

That's the best response yet!!! Seriously though, DO NOT even think of buying it in your situation. And never finance toys or jewelry.

[samuel019]

Dont feel bad as others have stated. I have been asking for a 116505 from my A D for years and finally got a Daytona offer. A 116519. Already have a 116515. So I dont and didnt see the need/desire for 2 on OysterFlex without at least having a full bracelet model.

My S A wasnt exactly thrilled with me based on all the asking but it wasnt what I had been asking for and 34k aint exactly chump change. Guess he can be upset and never offer me another watch if he wants but I aint spending "my hard money" to please him or keep him happy.

Its only a freaking watch at the end of the day. Plus I have a decent enough collection that if I never add another I'll be just fine....

[samuel019]

Originally Posted by Swifjo

**Update** I called my SA and let her know I need to pass. Told her I'll set the money aside again later this year and swing by the shop once I'm in a position to be a real buyer again. She seemed totally fine and said "it'll sell so don't worry" with a chuckle lol. I'm glad I just took the pass. Hopefully this doesn't harm my chances for future allocations but I guess only time will tell.

Thanks all

Dont worry they all say that. Some A D's act as if they are doing us a favor so how are we say no. Just a watch. I got a similar reaction. Whatevs

[ladd]

your financial health matters a lot

[CarlOver]

Originally Posted by ArtNouveau

I passed on my first chance to buy a Coral Red OP41 as I had just made another big unrelated purchase that week. My SA told me to let him know when I was ready and the next time I was. I could have done it the first time but I like to spread things out.

You ended up with the coral 41 OP?

[Philadelphialawyer1]

Originally Posted by tjs1295

That's the best response yet!!! Seriously though, DO NOT even think of buying it in your situation. And never finance toys or jewelry.

I typed this b/c I thought the post was a joke. So I decided to throw that out there.

[EEpro]

Originally Posted by Philadelphialawyer1

I typed this b/c I thought the post was a joke. So I decided to throw that out there.

It was taken as a good joke here

[Solo118]

Originally Posted by Swifjo

I finally got the call! but I've hit a rough spot financially and not planning to make any big-ticket purchases until august. Do you think it ruins my chances with the AD forever? So crushing I've been working with my AD for ~18 months and even bought another watch from them to have purchase history.

A watch purchase is pretty low on the totem pole when you have other things to worry about.

Just let the AD know you can't buy for personal reasons, and would like to revisit the opportunity in a few months.

[Zuger]

Hope everything works out at the end for you

[Guppydriver]

Look at the positive side.

You've just proved to your AD you're that you are not a flipper.

I don't think the 36 Explorer is that hard to get if you ever circle back to it. You made the right decision OP!

[kiwiflorian]

Anybody getting themselves into bother financially over a watch is making life unnecessarily hard. Good call to wait.

[dtwer]

Originally Posted by messikens

A watch isn't "needed". Any iphone is more capable and more.accurate than a wrist toy.

If you can't afford a luxury item, I'd never advocate paying it off over several months... Cash or pass for me

Except if it's 0% interest, then I would do that rather than parting a large sum of cash up front. Though in this day and age of high interest rates I doubt anybody is offering 0% interest financing any more.

[Recaro18]

Buy when it feels right! It's only a watch, there will be more...

[jcatral14]

Just be honest with the AD. If they are any good, I am sure they will understand. Best of luck! I am sure you will get another chance to own it down the road

[jb335]

Originally Posted by dtwer

Except if it's 0% interest, then I would do that rather than parting a large sum of cash up front. Though in this day and age of high interest rates I doubt anybody is offering 0% interest financing any more.

Agreed. I don’t understand when people are averse to any and all financing. 0% interest is free money and gives you leverage to keep your cash and use in other ways. Can make a lot of sense.


Sent from my iPhone using Tapatalk

[Brich436]

No biggy be honest and say your financial situation has changed and they will sell it to the next customer who wanted the watch.

I turned down a Pepsi when my SA mistakenly thought I wanted one. He called me all happy that we have your Pepsi for you! I thought about flipping it but that's not my style and I just passed on it.

I had no interest in the watch and plan to buy a Batman down the line when the time is right.

[dannyp]

Originally Posted by jb335

Agreed. I don’t understand when people are averse to any and all financing. 0% interest is free money and gives you leverage to keep your cash and use in other ways. Can make a lot of sense.


Sent from my iPhone using Tapatalk

There's financing and what I call "personal" financial strategy. When it comes to watches, avoid the first, but by all means undertake the second.

For me the bottom line is: with any luxury item, if I can't pay for it all now, without foregoing any needs (or potential emergency needs), I can't afford it. Period. Luxury items are about spending objectively frivolously on something you don't need. So I'm averse to financing them as a way of acquiring when I don't have extra money to spend on them.

Now, for some, taking advantage of specific interest rate arbitrage opportunities is part of a money management strategy. In that case, go for it! If you can get a year's worth of financing at a lower rate than a 12-month CD, then yes, it's free money.

[gamingdoctor]

Originally Posted by jb335

Agreed. I don’t understand when people are averse to any and all financing. 0% interest is free money and gives you leverage to keep your cash and use in other ways. Can make a lot of sense.


Sent from my iPhone using Tapatalk

Disagree, there's no such thing as free money. While 0% is great and allows us to put money into other money earning pursuits, it's not great for impulsive people or for people that don't have the money in the first place.

For OP, definitely OK to hold off on the purchase. It's only a watch, you will scratch the itch down the road!

[EEpro]

Originally Posted by gamingdoctor

Disagree, there's no such thing as free money. While 0% is great and allows us to put money into other money earning pursuits, it's not great for impulsive people or for people that don't have the money in the first place.

For OP, definitely OK to hold off on the purchase. It's only a watch, you will scratch the itch down the road!

You failed to explain why it isn't free money.

I open a card and do a balance transfer at 0% that I didn't need. Invest in CDs for the term of the special rate. Free money.

[APWorldTour]

Originally Posted by EEpro

You failed to explain why it isn't free money.

I open a card and do a balance transfer at 0% that I didn't need. Invest in CDs for the term of the special rate. Free money.

What card offers you a balance transfer with no fees?

[EEpro]

Originally Posted by APWorldTour

What card offers you a balance transfer with no fees?

Hypothetical. Even at 3% fee there's still 2% free money, no?

[RustE]

Originally Posted by EEpro

I open a card and do a balance transfer at 0% that I didn't need. Invest in CDs for the term of the special rate. Free money.

That’ll be a short-term “ding” on your credit score.

Even those credit access cheques take a few percent off the top. Actually, do these even exist anymore?

[EEpro]

So it is free money and everyone wants to cherry pick and argue is the final answer it looks like.

[dannyp]

Originally Posted by EEpro

So it is free money and everyone wants to cherry pick and argue is the final answer it looks like.

Yes, it's free money. But many people will end up giving back the free money, plus a lot more, by continuing to finance once the introductory rate has gone away. It's free money to those who can afford the things in the first place.

[Bill2e]

Originally Posted by Swifjo

**Update** I called my SA and let her know I need to pass. Told her I'll set the money aside again later this year and swing by the shop once I'm in a position to be a real buyer again. She seemed totally fine and said "it'll sell so don't worry" with a chuckle lol. I'm glad I just took the pass. Hopefully this doesn't harm my chances for future allocations but I guess only time will tell.

Thanks all

You made the right decision.

Congratulations, you will be fine. You can get it latter and it shouldn’t hurt your chances.

[Rico_Brasole]

Originally Posted by Swifjo

**Update** I called my SA and let her know I need to pass. Told her I'll set the money aside again later this year and swing by the shop once I'm in a position to be a real buyer again. She seemed totally fine and said "it'll sell so don't worry" with a chuckle lol. I'm glad I just took the pass. Hopefully this doesn't harm my chances for future allocations but I guess only time will tell.

Thanks all

Thats a good call. After all, these are just watches. No big deal. Life goes on


Sent from my iPhone using Tapatalk