Receipt/invoice- does it show discount

[Newuse]

Hello guys, I had a question I am curious about when buying from an AD. Im looking at a used watch and wanted to know when someone buys from the AD let's say at 10% discount, does the receipt/invoice show the discount the AD gave them or does it only show the list price? I know it's against the rules for ADs to discount so that's why I ask

[silverbullet818]

Looking at my bill, it does not say discount anywhere in it.

It just shows the price you paid plus any taxes.

One needs to know what the retail is and calculate.

[Newuse]

Originally Posted by silverbullet818

Looking at my bill, it does not say discount anywhere in it.

It just shows the price you paid plus any taxes.

One needs to know what the retail is and calculate.

If I were to buy a used watch, could Rolex or anyone else ever ask for that bill/receipt? It wouldn't be in my name, is this a big deal?

[AlexMachine]

My receipt shows the discount. I bought BLNR on november and reciept shows, retail price, discount ant taxes.

[daveathall]

I got a discount ("a gesture of goodwill") of £100 on a new sub, this is shown on my receipt.

[Muzz]

All of mine have it in the receipt clearly.

[Rogdogg]

The discount is not shown in mine

[gwozhog]

Originally Posted by Newuse

If I were to buy a used watch, could Rolex or anyone else ever ask for that bill/receipt? It wouldn't be in my name, is this a big deal?

Not a big deal as long as the watch is not stolen. Then you have a problem.

[travisb]

All of mine show:
Retail price
Discount
Tax
Sale price

[GordonC]

Originally Posted by silverbullet818

Looking at my bill, it does not say discount anywhere in it.

It just shows the price you paid plus any taxes.

One needs to know what the retail is and calculate.

Was your purchase in Canada?

I bought a Rolex for my wife in Calgary in January from an AD, and the store receipt lists the MSRP, the discount %, the resulting discount amount, and the adjusted price after the discount.

Maybe it's entirely dependent on the retailer, and not any Rolex guidelines.

[dera]

Originally Posted by Newuse

I know it's against the rules for ADs to discount so that's why I ask

ADs can discount as much as they want. This is a legend kept alive by the TRF "buy from grey market" mob, and some ADs.

Here's my latest purchase. A SubC Date, done over email, no need to visit anyone or have any sort of "special contacts". I cut off some parts, but this is an AD in Europe. It says retail 8050EUR (new retail for 116610LN), Discount 1350EUR, so total 6700EUR. The 6700EUR consists of 5403,23 of the actual product, and 24% VAT of 1296,77EUR, so for non-EU residents, the price is 5403EUR. Less than 6000USD for an American, ordered over email.
If this "trusted seller" mafia wasn't so strong here, people would get much better deals for their watches, but unfortunately this forum tends to feed these grey market millionaires instead of giving honest advice about where the best deals really are.

subi by , on Flickr

[GB-man]

A great deal of this forums members and buyers are located in the US. Until recently, you could not just ship a rolex in from Europe without encountering a great deal of risk. Also, many people just aren't skilled negotiators. I agree my best deals on new rolex have from from ADs but that has always been the result of a favorable currency situation.

I've bought a half dozen or so watches from two of the top sellers here and if requested they will have a watch drop shipped from an AD with your info. You pay a premium for convenience but that's the way the word works.

It's not much different that hunting down the best deal on a new car vs using a service like truecar. Truecar offers a decent deal immediately but if you hunt you can do much better. Not everyone's a hunter.

My receipts noted managers approved discount. Canadian AD

Originally Posted by dera

ADs can discount as much as they want. This is a legend kept alive by the TRF "buy from grey market" mob, and some ADs.

Here's my latest purchase. A SubC Date, done over email, no need to visit anyone or have any sort of "special contacts". I cut off some parts, but this is an AD in Europe. It says retail 8050EUR (new retail for 116610LN), Discount 1350EUR, so total 6700EUR. The 6700EUR consists of 5403,23 of the actual product, and 24% VAT of 1296,77EUR, so for non-EU residents, the price is 5403EUR. Less than 6000USD for an American, ordered over email.
If this "trusted seller" mafia wasn't so strong here, people would get much better deals for their watches, but unfortunately this forum tends to feed these grey market millionaires instead of giving honest advice about where the best deals really are.

subi by , on Flickr

[dera]

Originally Posted by GB-man

I've bought a half dozen or so watches from two of the top sellers here and if requested they will have a watch drop shipped from an AD with your info. You pay a premium for convenience but that's the way the word works.

That's a good example that there are plenty of ADs who are willing to cut a deal. Those ADs very likely would've given you 10-20% cheaper price than the sellers, had you called them directly.
What irks me is that these sellers are kept in this pedestal, where people think they have some magical connections no-one else has.

What they do, is they know ADs who are willing to do a deal, and simply work as a middle man, making 10-30% profit while doing that.
Many of them (but not all!) can't even be bothered to mark their inventory as "sold" in TRF, because they want people asking for watches they don't have any more, but can get if someone wants it. This is directly against the spirit of posting watches they have in their possession, The biggest one just got caught doing this (but obviously dealt with the problem with no hassle).

What people REALLY should do here, is to promote the ADs who are happy to work with customers. That would be much more beneficial to this community.

[RichM]

Mine did not. Only showed negotiated price, tax and total. I guess having it is a good thing.

[GB-man]

Originally Posted by dera

That's a good example that there are plenty of ADs who are willing to cut a deal. Those ADs very likely would've given you 10-20% cheaper price than the sellers, had you called them directly.
What irks me is that these sellers are kept in this pedestal, where people think they have some magical connections no-one else has.

What they do, is they know ADs who are willing to do a deal, and simply work as a middle man, making 10-30% profit while doing that.
Many of them (but not all!) can't even be bothered to mark their inventory as "sold" in TRF, because they want people asking for watches they don't have any more, but can get if someone wants it. This is directly against the spirit of posting watches they have in their possession, The biggest one just got caught doing this (but obviously dealt with the problem with no hassle).

What people REALLY should do here, is to promote the ADs who are happy to work with customers. That would be much more beneficial to this community.

Unfortuantely I think you will find ADs, atleast around my area, don't appreciate you advertising your steep discounts. They want to deal with each customer individually and negotiate one on one. If I went about blabbering to everyone what I paid and from who, my AD wouldn't be so happy to cut me a steep discount next time I visit I can assure you.

[dera]

Originally Posted by GB-man

Unfortuantely I think you will find ADs, atleast around my area, don't appreciate you advertising your steep discounts. They want to deal with each customer individually and negotiate one on one. If I went about blabbering to everyone what I paid and from who, my AD wouldn't be so happy to cut me a steep discount next time I visit I can assure you.

Then again, the ADs who are happy to drop ship pieces on behalf of the grey dealers don't have this issue...

[silverbullet818]

I'm from Canada and my AD provided me with a receipt that only shows my final discounted price and taxes.

[silverbullet818]

Originally Posted by GB-man

Unfortuantely I think you will find ADs, atleast around my area, don't appreciate you advertising your steep discounts. They want to deal with each customer individually and negotiate one on one. If I went about blabbering to everyone what I paid and from who, my AD wouldn't be so happy to cut me a steep discount next time I visit I can assure you.

This is exactly what I was thinking. My AD sold me all my pieces at really good prices.

[LVSubmariner]

They won't show the discount on the receipt, they're not really supposed to do it but they will here and there

[T. Ferguson]

Originally Posted by Newuse

If I were to buy a used watch, could Rolex or anyone else ever ask for that bill/receipt? It wouldn't be in my name, is this a big deal?

If you buy a used watch the receipt for your purchase would be in your name. If you are talking about the original bill of sale the only time you'd likely need it is if the watch is still under warranty and you need a warranty repair and don't have the card. The RSC might be willing to accommodate you (at their discretion) if you have the original bill of sale. And no, it would not matter if it's your name on the receipt to get warranty work done.

I suppose it might help to have the original invoice if your watch is reported stolen and there is a dispute over it. Then again, the bill of sale could have been stolen with the watch. But if you purchased it from the original owner your best protection would probably not be the original but rather a bill of sale for the used watch signed by the original owner.

BTW, once you've had the watch serviced and returned to you by the RSC, then you will be in their records as the owner of the watch.

[daveathall]

I will be quite honest, I tried in two cities and a town in Yorkshire England for a discount on a sub, I had cash and "walked" from three AD's who wouldn't/couldn't discount. Best I could manage was a £100 discount and also some Rolex merchandise (Rolex wallet) from an AD as a gesture of goodwill because they still had records of me buying a Sea Dweller from them in 1997, where, at that time, they gave me a 3% discount. 20 or 30% discount for a SS Sub was never an option.

[Chewbacca]

it depends on the indy ad's receipt set up and policy. locally, one of my ad's does not. the other does, but when they add a watch to my client file to register the sale and warranty start, it does show the sales rep's name and reason for the price adjustment if any.

i've never bought from a factory store.

[hsfrank]

I am disappointed that at least two poster have decided to rag on trusted sellers. While it is true that SOME AD will offer discounts many do not. The two in my state do not. Thanks to another member I did find one in another state who would offer a good discount and ship it to me. I have purchased two from him.
On the other hand I did purchase three watches from trusted seller , all with great experiences and post sale service. One even did a full service one year later when I experienced a small problem. So like cars there are many different type of sellers. Do your research first about the watch (car), second about the seller and then and only then about the price. By that time you will have a good idea of what you can expect and where to go.

[Flintstone]

Originally Posted by gwozhog

Not a big deal as long as the watch is not stolen. Then you have a problem.

Not true as long as you have a current appraisal for the full retail value.

[KNY]

My receipt only shows the discounted price, taxes and total. Does not show the discount.

[boogiebot]

I have purchased 3 rolexes from 2 different dealers in Vancouver. All my receipts show are the price that I paid and taxes. No discounts showed.

[SC11]

Please be aware guys discounting is location related!

I have it on good authority from a long standing and trusted forum member and a manger of an independant Rolex AD here in the UK laws won't allow Rolex to enforce a no discount policy it is actually illegal to do so.

However Rolex in a round about way make it clear discounting will be frowned apon and in no uncertain terms can lead to revoking of AD status.

Obviously certain unpopular models and TT/PM various discount levels apply but again these are controlled.

One work around my guy told me was if I wanted a certain SS sports model he could do a heavy discount on some jewellery for my wife or myself.