Tourneau Warranty

[tbonesteak]

I'm close to buying a Milgauss from a private seller who purchased it from Tourneau 6 months ago. On top of Rolex's 5 year warranty, Tourneau offers one that runs concurrent to it.

Do both warranties transfer to me?

Thanks for any information!

[StarryNights]

I imagine if you get the warranty card with the watch then the rolex warranty transfers to you. In regards to the Tourneau warranty, would you want someone at Tourneau monkeying with the movement instead of a Rolex RSC?

[presario]

There is another thread where the OP is suing Tourneau for ruining his watch. I would never let Tourneau touch my watch.

[watchmework]

Originally Posted by presario

There is another thread where the OP is suing Tourneau for ruining his watch. I would never let Tourneau touch my watch.

Completely agree with this, wouldn't trust them to do any work on my Rolex movement...I won't even give them my Sub to send in for maintenance.

[tbonesteak]

Makes sense, thanks everyone.

One more question, trying to cover everything.

Hypothetically, the seller financed the watch a few months ago from Tourneau, he sells it to me and then starts defaulting on his payments - would they try to repossess the watch from me?

[Jimbogigolo]

Originally Posted by tbonesteak

Makes sense, thanks everyone.

One more question, trying to cover everything.

Hypothetically, the seller financed the watch a few months ago from Tourneau, he sells it to me and then starts defaulting on his payments - would they try to repossess the watch from me?

Oh geez, that's terrible. Before you buy it make sure it is fully paid. Although I am almost certain they wouldn't repossess the watch. Instead, I think they will send the previous owner who has an account with them to collections etc.


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[The Libertine]

Is there a concern over whether or not the watch is paid off?

[jonnyz1245]

Originally Posted by tbonesteak

Makes sense, thanks everyone.

One more question, trying to cover everything.

Hypothetically, the seller financed the watch a few months ago from Tourneau, he sells it to me and then starts defaulting on his payments - would they try to repossess the watch from me?

I wouldn't buy that watch unless I had proof it was paid off. Not sure what would happen but I am fairly confident you don't want to own something worth thousands of dollars that someone else is on the hook for. If he doesn't pay it off, that is fraud and the lender technically has rights to it I would think? Even if they don't come after it, they could report it stolen I would think. Im sure the answer is in the Terms and Conditions of the loan agreement he signed. Good luck!

[123Blueface]

Originally Posted by jonnyz1245

I wouldn't buy that watch unless I had proof it was paid off. Not sure what would happen but I am fairly confident you don't want to own something worth thousands of dollars that someone else is on the hook for. If he doesn't pay it off, that is fraud and the lender technically has rights to it I would think? Even if they don't come after it, they could report it stolen I would think. Im sure the answer is in the Terms and Conditions of the loan agreement he signed. Good luck!

Agree.
Run the other way from this purchase.

[Tools]

Originally Posted by tbonesteak

. . .
Hypothetically, the seller financed the watch a few months ago from Tourneau, he sells it to me and then starts defaulting on his payments - would they try to repossess the watch from me?

If the watch is collateral, by model and serial number, for securing the loan. Defaulting on the loan and then not forfeiting the collateral results in a "stolen watch".

You do not get to keep stolen property, even if you did pay for it. If you knowingly bought this watch with the expectation that a default would occur, you would also be culpable and a party to the theft.

[116500LN]

Originally Posted by Tools

If the watch is collateral, by model and serial number, for securing the loan. Defaulting on the loan and then not forfeiting the collateral results in a "stolen watch".

You do not get to keep stolen property, even if you did pay for it. If you knowingly bought this watch with the expectation that a default would occur, you would also be culpable and a party to the theft.

Wut? It's not a car; it would be an unsecured loan. The borrower gets money based on his or her credit worthiness. They cannot repossess it, only screw up your credit and send collection agents after you. At worst, they will file suit against the borrower.

[cop414]

Originally Posted by 116500LN

Wut? It's not a car; it would be an unsecured loan. The borrower gets money based on his or her credit worthiness. They cannot repossess it, only screw up your credit and send collection agents after you. At worst, they will file suit against the borrower.

They can repossess it if was listed as collateral for the loan, just the same as foreclosure on a house when someone stops making the mortgage payment.
That being said we don't know if the watch in question is listed as collateral for the loan or not. Who knows how Turdneau has this written up.
When I was fresh out of high school I worked in the loan department of a local bank, we repossessed all kinds of things, you'd be surprised. Picked up a good deal on a piano one time out of a repo.
That bank would hold as collateral anything that you were taking the loan out on. Washer and dryer, car, motorcycle, boat, jet ski, piano, guitar, diamond ring, you name it they'd list it as collateral.
You stop making the payment the item listed would get repossessed.

[enjoythemusic]

Tourneau... he still owes on it...

DANGER WILL ROBINSON

DANGER DANGER

run away from deal. Do not, repeat, DO NOT look back.

JMHO.

[beshannon]

How could they resell it if he was still making payments?

[cop414]

Originally Posted by beshannon

How could they resell it if he was still making payments?

Brian I think the question is hypothetical if he stopped making the pay after the OP purchased it from him, I think that's what's being asked here anyway.

[HONDABBQ]

What is this Tourneau you speak of?


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[beshannon]

Originally Posted by cop414

Brian I think the question is hypothetical if he stopped making the pay after the OP purchased it from him, I think that's what's being asked here anyway.

Ah sorry my apologies, still on vacation time.

I misread that, thinking T was selling something traded in.

[Etschell]

Go with him to tourneau and make him pay it off. Then give him the cash on top if any. If he refuses walk. Don't think twice.

[cop414]

Originally Posted by Etschell

Go with him to tourneau and make him pay it off. Then give him the cash on top if any. If he refuses walk. Don't think twice.

Very wise advice!

[cop414]

Originally Posted by beshannon

Ah sorry my apologies, still on vacation time.

I misread that, thinking T was selling something traded in.

[decibeljoe]

Originally Posted by cop414

Tourneau's financing is with a credit card, not a loan. Unless it is a $40k gold daytona, they wouldnt go after a third party buyer. It's just not feasible.

[cop414]

Originally Posted by decibeljoe

Tourneau's financing is with a credit card, not a loan. Unless it is a $40k gold daytona, they wouldnt go after a third party buyer. It's just not feasible.

I didn't know that, makes sense.