How to go about short-term Rolex purchase? (1-2 months of ownership time)

[darkom]

I'm finishing grad school and my Dad is buying me a watch. I *think* I really want the green 116610LV, but I have my concerns about it's tackiness, overall wearability and if it's appropriate to want long term (as I plan to hold onto the gift for many years). Is it difficult to purchase one of these (used), wear for a month or so, max, to see if it's something I really want and then sell/trade? I'm a hyper-cautious watch wearer, and nothing gets wrist time when I'm doing anything that will scuff, so keeping the watch in the shape I purchase it in won't be an issue. I'm willing to pay a decent sum to know I'm making the right watch request, but I have no idea how viable this is.

[balboa73]

If you buy a pre-owned and wear for a couple of months you can pretty much sell for what you paid after those 2 months.

[kilyung]

If you buy used, you can trade for the LN (black) if you want very easily with a little cash back probably.

[opm2008]

sounds like you want a rental ! But agree the buying it pre-owned and do a "catch and release" would minimize the pain.

[darkom]

Originally Posted by opm2008

sounds like you want a rental ! But agree the buying it pre-owned and do a "catch and release" would minimize the pain.

Basically. I am almost certain I won't want the watch after getting some wrist time with it, but I'd like to remove any and all doubt before deciding against it. The watch has had my attention for a year.

[darkom]

Originally Posted by balboa73

If you buy a pre-owned and wear for a couple of months you can pretty much sell for what you paid after those 2 months.

Is this something I get in writing, in advance of purchase with the after market seller, as in something like a few hundred for length of use <1 month? Seems like it would be quite easy for them to say "yea yea, I'll totally buy it back from you in a few weeks " and then blow me off when I contact them.

[LA_LEC]

Well, if you wear it for a couple of months then it is a used watch. You can't test drive a car for 60 days and just trade it in for a different new model so why would it work that way with an expensive item like a watch.

What is possible is selling it on this forum for a bit less than you paid for it new. Certainly no one would pay you the same amount of money that they can buy new.

[lebowski321]

Originally Posted by darkom

Is this something I get in writing, in advance of purchase with the after market seller, as in something like a few hundred for length of use <1 month? Seems like it would be quite easy for them to say "yea yea, I'll totally buy it back from you in a few weeks " and then blow me off when I contact them.

Fairly certain nobody will put that in writing for you. If you buy used in good condition, and go to sell it in the same good condition, you should pretty much get the same amount of money back (if you sell to an individual). However, if you sell to a dealer, they will not give you full (pre owned) market value for the watch. They have to be able to turn around and make a profit on it.

[Speed]

That all green watch is a bit of a novelty. Not the best choice for a daily wearer IMO.

Consider a regular black Sub?

[balboa73]

Originally Posted by darkom

Is this something I get in writing, in advance of purchase with the after market seller, as in something like a few hundred for length of use <1 month? Seems like it would be quite easy for them to say "yea yea, I'll totally buy it back from you in a few weeks " and then blow me off when I contact them.

I said sell after 2 months not sell back to the 'seller' whom you purchased off

[DrLindaPhD]

Why don't you just wait and take a look at a bunch of Rolex watches - new and used - modern and vintage. Go to a few places that sell both and try them on. I'm almost certain that when you put on the one that you will really want to own it will "speak to you."

All of this uncertainty about buying it, not keeping it, renting it, means you just are not ready or you would not have so much doubt. So, shop around. Decide if you want a sub or a more classic President or a dressy jewelry type watch like a Cellini or the big Daytona or a GMT.

One thing is for sure, if you buy a used basic sub, especially a red sub, you will get your money back and they are the most purchased and desired of all Rolex watches and you can wear them with just about anything.

Just my two cents.

[MortgageGuy]

You will have no problem reselling however I would guess you will lose about $300-$1000 depending on what you pay. It is a great watch and I love mine however wear it in rotation so it isn't a daily

[pdoukas]

Originally Posted by drlindaphd

why don't you just wait and take a look at a bunch of rolex watches - new and used - modern and vintage. Go to a few places that sell both and try them on. I'm almost certain that when you put on the one that you will really want to own it will "speak to you."

all of this uncertainty about buying it, not keeping it, renting it, means you just are not ready or you would not have so much doubt. So, shop around. Decide if you want a sub or a more classic president or a dressy jewelry type watch like a cellini or the big daytona or a gmt.

One thing is for sure, if you buy a used basic sub, especially a red sub, you will get your money back and they are the most purchased and desired of all rolex watches and you can wear them with just about anything.

Just my two cents.

x2

[subtona]

Originally Posted by darkom

I'm finishing grad school and my Dad is buying me a watch. I *think* I really want the green 116610LV, but I have my concerns about it's tackiness, overall wearability and if it's appropriate to want long term (as I plan to hold onto the gift for many years). Is it difficult to purchase one of these (used), wear for a month or so, max, to see if it's something I really want and then sell/trade? I'm a hyper-cautious watch wearer, and nothing gets wrist time when I'm doing anything that will scuff, so keeping the watch in the shape I purchase it in won't be an issue. I'm willing to pay a decent sum to know I'm making the right watch request, but I have no idea how viable this is.

excellent idea of taking a test run...

in my experience the little things often grow into something bigger.

1 thing i am convinced of ... black is always in style.

congratulations and best of luck in your decision and career

[Joey_V]

Why don't you buy from an AD and see if they'll let you test drive it at home for a few days? Then buy from them if you like it?

[balboa73]

Originally Posted by MortgageGuy

You will have no problem reselling however I would guess you will lose about $300-$1000 depending on what you pay. It is a great watch and I love mine however wear it in rotation so it isn't a daily

If he purchased a pre-worn watch @ the pre-worn price, he would lose nothing if he sold within a year. If he purchased BNIB and sold within 2 months he would lose $$. I do this often. I once paid $1300 for a 2531.80 Omega Seamaster, paid $300 to service, wore for a year and sold for $1700 I made $100. There is virtually no risk in buying a pre-owned Rolex to wear for 2 months and than re-sell.

[SPARTAN2161]

Originally Posted by balboa73

If he purchased a pre-worn watch @ the pre-worn price, he would lose nothing if he sold within a year. If he purchased BNIB and sold within 2 months he would lose $$. I do this often. I once paid $1300 for a 2531.80 Omega Seamaster, paid $300 to service, wore for a year and sold for $1700 I made $100. There is virtually no risk in buying a pre-owned Rolex to wear for 2 months and than re-sell.

The risk is whether or not there is a buyer willing to pay the same price as he paid. If the market says that the price is lower by say $200 he is out $200. To say there is virtually NO risk is not totally true.

Sound advice would be to expect to lose $200-500 and hope to lose nothing.

[balboa73]

Originally Posted by SPARTAN2161

The risk is whether or not there is a buyer willing to pay the same price as he paid. If the market says that the price is lower by say $200 he is out $200. To say there is virtually NO risk is not totally true.

Sound advice would be to expect to lose $200-500 and hope to lose nothing.

Market doesent change much within 2 months on pre-owned models. Granted he could overpay at first and than lose but if he pays a fair price he will lose nothing and better yet, if he pays a very good price he might be able to flip for a higher price.

If he lost $500 in 2 months than its just a simple case of him overpaying in the first place.