How do you pay for time piece(s)? Cash or Credit

[vant1472]

Hi All, I don't know if this question have been post before. How do you pay for your new timepiece? Do you make monthly payment or pay all in cash? Thank you

[Like To Watch]

Let me think.............

[padi56]

Originally Posted by vant1472

Hi All, I don't know if this question have been post before. How do you pay for your new timepiece? Do you make monthly payment or pay all in cash? Thank you

Well IMHO how anyone pays for anything is there business and there business only.

[Ditch]

IMO if you can't afford it cash, you can't afford it. I have nothing against loans, mortgages & credit etc but only for things that will make money or generate income. Like I said, that's just my opinion.

[joe100]

If it's a same as cash deal, no interest etc etc, I might think about it but interest on a luxury purchase, never!!!!


Sent from my  using Tapatalk

[Chipmunk]

No right or wrong answer. Just pay.

[Rocco22]

Cash,or credit card then pay card immediately just to get rewards from card.

[watchstuff]

Whichever gets you the best deal or discount...

[GradyPhilpott]

Cash

[VICI]

Don't buy what you can't afford. So try not to finance a watch purchase.

If you really like something and must have it immediately, be disciplined and do not pay finance charges.

[jvo300]

Usually with blood and tears.

[PatagoniaDan]

IMO the more fiscally responsible option would be to purchase in cash. That is what I do personally. However, life is short. It is your money and no one should judge or tell you how to use it. It's almost akin to the infamous rent vs. own house argument.

If you "must" have it and think it will bring joy to your life and want to pay credit, then by all means go ahead. I of all people know the intrinsic joy wearing and possessing a fine timepiece brings. Our time is short and could end at any minute.

But to put it into perspective in terms of offering (what I believe) is good advice - if it were my (non-existent) son asking me this question - I would strongly compel him to save up the cash to purchase it. A side benefit is that many times the human psyche allows us to appreciate and value things more if we have lay down some work to obtain it.

[jonnyz1245]

Credit so I can get the miles etc and then pay immediately. sometimes I buy watches just to flip so I can get another reward. Don't have to make $ on the flip b/c the intrinsic value of the reward is worth way more than $100 gain/loss...

[DrLindaPhD]

Originally Posted by jonnyz1245

Credit so I can get the miles etc and then pay immediately. sometimes I buy watches just to flip so I can get another reward. Don't have to make $ on the flip b/c the intrinsic value of the reward is worth way more than $100 gain/loss...

WHAT ???

Did you say that you sometimes buy a watch to flip so you can get the reward points to get free miles?????

[QueueCumber]

Originally Posted by DrLindaPhD

WHAT ???

Did you say that you sometimes buy a watch to flip so you can get the reward points to get free miles?????

This thread just took a turn towards the more interesting...

[Z-Sub]

Cash only for luxury items in life.

[HYPOLUXXA]

I used my AMEX got points, and paid off the balance when the bill arrived.

[bayerische]

Both! Credit card and sometimes Cash. Depends on the deal. Better deal with cash, then cash it is.

[jhupp]

Originally Posted by DrLindaPhD

WHAT ???

Did you say that you sometimes buy a watch to flip so you can get the reward points to get free miles?????

If you got a big enough discount from an AD I don't see why it wouldn't work. Maybe he buys a lot of watches and gets say 20% off MSRP and then can resell them at the same price or even a little less. Most cards give at least 2% rewards, sometimes 5% or more, so I could see it working.

I'm not saying I could/would do it, but it is possible.

BTW: I used a card and pay it immediately. I do take advantage of the rewards points that way and on AMEX you are backed up in case it breaks or is lost.

[sparky]

bought them interest free for one year-could have wrote checks, but didn't.

[swils8610]

Cash for luxury items.....unless its for reward points or a 0% percent deal.

[TSW]

Cash.

[jonnyz1245]

Originally Posted by DrLindaPhD

WHAT ???

Did you say that you sometimes buy a watch to flip so you can get the reward points to get free miles?????

Yup thats what I said. Is there something wrong with that? If the cost of an international business class ticket is 9K, and I get a companion ticket for spending XX a year, and an $8000 watch puts me over the yearly spend, why wouldn't I? The value of those two tickets if I bought them would be north of 20K and they end up costing me nothing. Totally legit and I promise you I am not the only one...

You should go over to flyertalk.com and read some of the things people do to get miles. A couple years ago, there was a wall street journal article about the latest and great fad to get miles. People were buying dollar coins from the US mint in batches of $10,000 and then depositing the $ to pay off the bill. It eventually got shut down b/c one guy bought over a million dollars in coins in a year and his bank would no longer accept them.

[Alexth1]

How about making monthly installments with my jeweler, interest free. Well, I just paid MSRP.

[exchange83]

Cash. Upfront.

[Feras]

Bought my one and only Rolex with my hard earned cash. But for future toys i am really not sure but i will try to save just in case

[nick c]

Cash

[FremStar]

[vant1472]

I apologizes if this question offends you. I thought it would it would be interesting. There are some very creative replies. Keep them coming

[z32turbo]

Whether you pay cash or credit it's still better than some of the low life's we've seen on here who prefer smash and grab.