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27 August 2007, 07:44 PM | #1 |
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Aussie members (my obsession)
So today I was in Sydney CBD and popped into Monards (on the advice of Lol-x - thanks for that!). As I mentioned in my earlier thread, I am looking to buy an Explorer II white dial shortly.
I tried it on today at Monards and it just cried out for me -- it is so beautifully understated and perfect in its simple design. Yes, I love it. So...list price is $7055 AUD. That's approx. $5900 USD at today's exchange rate. I know I could buy it from a decent overseas seller such as usaveontime.com for approx. $4100 -- but I am dead set on buying from an AD. So my question is -- how close can I get to that price? Since I plan on purchasing just before I go overseas, I should be able to knock 10% GST off the final price. But I still need to get it down around the mid-$5k mark from the AD. That's a pretty big jump -- around 20% off list price. So, I guess my question is, will Aussie ADs mark down that much? I don't mind paying a premium to buy from an AD, but I'd like to keep from paying more than $500 over the US prices... Thoughts? |
27 August 2007, 08:06 PM | #2 |
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Authorised dealers each have different policies and circumstances when and how much they will discount (if at all). For example it can depend on the model of the watch and even whether they need to boost sales figures for the month.
Monards are known to negotiate a price and they will discount, how much they give will to some extent depend upon the circumstances such as those listed above. Also, if you have the cash in hand to do the deal that can be a further inducement to give you a discount. It wouldn't hurt when you go to buy to explain that you are going overseas and that you have looked at the prices over there, and you were hoping they might be able to match the O.S. prices. It might not be possible for an Australian AD to match the overseas prices, because this can depend upon international exchange rates, where your currency or another currency yields a higher or lower list price for any particular Rolex. Good Luck |
27 August 2007, 08:22 PM | #3 |
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Well, I'd simply just ASK for 20 % and see what his reply is. You might not get 20 %, but at least then you tried. Maybe he will then say "10 %" and you could say "Let's meet in the middle then at 15 %". I think that would be a good way to do it, and getting 15 % would be a VERY good deal, but to be honest I don't think you would get 20 %, but as I say try asking for it and you will have a good high starting point to negotiate from.
It would also help figuring out beforehand how much CASH 20 % of the MSRP would be and then simply LAY THAT BUNDLE OF CASH on the table. "Do we have a deal?" The sight of the cash might prompt your AD to just say "Yes".
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27 August 2007, 08:24 PM | #4 |
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27 August 2007, 09:25 PM | #5 |
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Last edited by Nick Hacko; 28 August 2007 at 08:36 PM.. |
27 August 2007, 09:34 PM | #6 | |
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The good deal I was given on the '06 GMT was for a credit card payment. |
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27 August 2007, 09:35 PM | #7 |
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27 August 2007, 09:38 PM | #8 | |
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27 August 2007, 11:27 PM | #9 | |
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I don't know who the hell you think you are in your hallucinogen-induced state, but if you can't post without being a smartarse - yes, SMARTARSE - I'll thank you NOT to post. And don't give me that bollocks about English not being your first language either - you're being a jerk in ANY language. In the meantime, take 6 points for antagonistic behaviour - I'm sick and tired of warning you about your crap.
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27 August 2007, 11:46 PM | #10 | |
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28 August 2007, 04:34 AM | #11 |
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To be perfectly honest, guys.....on both of my last purchases, I got well over 20% discount from my AD - for my Blue Sub as well as for my White Exp-II.
At the end of the day, I guess a lot depends on the model. Some are more discountable than others. Also ADs have a larger margin to move on certain models and are sometimes happy to get them out of their store because they are expecting another consignment of the SAME models in a day or two. It's actually good marketing strategy - less profit, but greater turnover. JJ
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28 August 2007, 07:05 AM | #12 | |
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28 August 2007, 07:12 AM | #13 |
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Cash talks IMHO.
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28 August 2007, 06:05 PM | #14 | ||
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You buy a Casio to make sure you're on time; you wear a Rolex because you don't have to be on time. |
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28 August 2007, 07:06 PM | #15 | |
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Poster must be lacking something in his life, as he's obviously trying to make up for it on internet forums with his attitude. Classic case of one's head up one's own a*se cheers Jeelan |
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28 August 2007, 07:10 PM | #16 |
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PLEASE let's drop this negativity and TALK WATCHES!
That is why we are here! To talk about watches and have FUN.
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28 August 2007, 07:15 PM | #17 | |
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I agree with Bo. I am here because I love Rolexes and watches in general, I love TRF, to have fun, help others and to be helped. Please lets just leave all the negative talk outside of the forum and not bring it into here.
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-Rolex Explorer II Black dial 16570 (circa 2001) -Rolex GMT Master I Pepsi 1675 (circa 1978) -Rolex Datejust TT Champagne 16233 (circa 1991) -Vintage Longines Automatic La Grande Classique -Vintage Seiko 6138 Automatic Chronograph with "Kakume" Dial |
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28 August 2007, 09:45 PM | #18 |
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27 August 2007, 09:01 PM | #19 |
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Hi GRM35
Guess what? I purchased my GMT II (ceramic) from Monards not two weeks ago. Whilst they could not give me a discount on it, they WOULD HAVE given me a discount on last year's model. A very, very good discount. I was most impressed with their service. The kicker of course was the fact that as I was sitting there trying to make my mind up between an '07 sub (with the bigger crown) and an '06 GMT II........the manager of the store walks in with the new stock - and in that group? A brand new, never been displayed ceramic GMT II. The second I put it on my wrist it was all over. The two other major rolex dealers couldn't get one in for 6-8 weeks and here was one staring me in the face. I bought it after A LOT of hard bargaining which yielded no results as it was just too new. But as far as your explorer II goes - definitely try and get 20% or thereabouts. I'll be flying though Singapore in November but couldn't wait! |
27 August 2007, 10:38 PM | #20 |
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Last edited by Nick Hacko; 28 August 2007 at 08:37 PM.. |
27 August 2007, 10:43 PM | #21 |
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I don't think paying in cash is deserving of a 20% discount, however I think it's worth a small discount. It certainly saves the AD the credit card fee, so they can atleast give that back to you. Also, offering cash isn't for the benefit of the AD, but for the salesperson. When they see cash they instantly see that as INSTANT comission in their pocket, therefore they'll work a little harder to close the deal.
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27 August 2007, 10:45 PM | #22 | |
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With kind regards, Bo LocTite 221: The Taming Of The Screw... |
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27 August 2007, 11:07 PM | #23 | |
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27 August 2007, 11:19 PM | #24 | |
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Anyway, good luck in your quest |
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28 August 2007, 08:09 AM | #25 |
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A while ago, I got blasted when I stated I got 25% off from my AD. People where thinking I was BS. Asking for receipts and AD info and stuff. I just back off and never mentioned again. In my personal opinion, the moderator at that moment wasn`t inpartial, in other word, taking side. And I still believe thing hasn`t change. Let`s us give our opinions freely. If someone don`t believe it, let it be, but don`t take side. Don`t turn this forum to a one man military style dictadorship. Now back to the discount. The AD discount is actually different from country to country. HK has the greatest, then southamerica. The US got the least. I know `cause I bought from all. And yes, I did got 25% discount from my AD. 3 SS gmt II old style, 1 TT gmt II new style, 1 TT datejust, 1 tt blue sub, 1 tudor prince date chronograph (this one I got 30% off). And of course, all paid in cash. :-)
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28 August 2007, 08:39 AM | #26 |
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CASH IS KING. This is true in any business. Liquidity of cash always beats any credit card.
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28 August 2007, 10:37 AM | #27 |
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Thanks to everyone who gave such great advice -- it's really appreciated (particularly Lol-x, Spacedweller and Destroy for the helpful tips). It's great to be able to hear your experiences before I make the leap. I'll be going back next week so I'll give it my best.
And Nick, didn't you throw a hissy fit just last week and say you were leaving? I don't know why you feel the need to hijack with silly, useless comments, but it's not appreciated. |
28 August 2007, 10:54 AM | #28 |
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Mr. Hacko, why are you getting all hot-under-the-collar.
This is a public watch forum whereby the members are "consumers" not dealers, and therefore are entitled to get the best price possible through negotiation or otherwise. Sharing of experiences including discounts received (and methods applied) should be welcomed. This happens for all goods all over the world, including real estate. Just look at those real estate/renovation programs and they advise where you should commense negotiating. I'm sure your informative tutorials are welcomed by all (including myself), , but please take your huffiness regarding the discounts policies/operating policies of watch dealers to the appropiate forum. I'm sure there are dealers fora whereby "us" commoners are frowned upon and maybe even laughed at for paying thousands of dollars for watches. We all have choices and dealers can tell us "to get lost" or accept the deal. We as consumers also have the same choices. One of my businesses is also in retail, and I have my limits on what discounts are given. If a customer is being unrealistic, I simply don't take the deal - NO AGGRESSION. However if I need to move the stock, then I am a lot more flexible (I also have Vaseline on hand ). Be nice, it's easier on your heart. John. |
28 August 2007, 10:38 AM | #29 |
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I've bought all my Omegas and Rolexes from AD 's here in Sydney, Jeweltime, the Hour Glass, J.Farren Price, all with discounts. Just ask nicely with out being arrogant, you'll see how far you go. Cash really works, but so does cc...
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28 August 2007, 10:24 PM | #30 |
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I see it as the golden rule you have the gold you can make the rules. The truth is Yes watch sellers are hard up to get all the money they can. That is why they sell watches. Cash makes a big difference and in my view 5 thousand is a lot of money to most people. Even snotty watch dealers understand their place, their roll, and that they make their money one sale at a time. If I were selling watches I would discount as many buyers never ask for a deal many pay full retail, others ask. As for me I have paid full retail on only one Rolex the others came down to a discount or no sale.
Some watch sellers want the perfect world (which will never happen) where we (the buyers you know the ones with the gold) walk in like sheep and give away our money. If people think the sales world works like that it is time to get out of the occupation. The best deal I had on a Rolex was 18% off. |
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