ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

seanneok11 · 9 May 2006, 10:38 AM

any other ad other than ben bridge or tourneau do this?

diablojota · 9 May 2006, 01:38 PM

i think you'll find that many of the ADs will do financing. Especially the chain store ones. I financed mine through the AD, i believe it was Jareds. It doesn't hurt to ask the AD, they don't typically advertise their financing packages.

seanneok11 · 9 May 2006, 02:24 PM

Hmmm..

seanneok11 · 9 May 2006, 02:25 PM

hmmm.... where is jareds and do they carry panerai and how long are the financing

jeremyh172 · 9 May 2006, 03:14 PM

my local ad does.

D4UK · 9 May 2006, 05:34 PM

yep the main chain of AD over here in the UK do.. 0% over 1 or 2 years depending on value. (definately worth asking - you don't ask you won't get)

JJ Irani · 9 May 2006, 05:42 PM

Quote:

Originally Posted by D4UK

yep the main chain of AD over here in the UK do.. 0% over 1 or 2 years depending on value. (definately worth asking - you don't ask you won't get)

Manatee · 9 May 2006, 10:23 PM

Quote:

Originally Posted by seanneok11

any other ad other than ben bridge or tourneau do this?

I would only recommend financing a luxury item if the dealer was giving credit at 0% interest, and if that 0% interest rate did NOT cut into the discount on the item. In other words, only finance a wrist watch if it is truly freeing up your money to make more money elsewhere -- not because you want to buy something that is beyond your means. Don't fall into the trap of "buying" luxuries that you can't really afford. I suspect a lot of guys on these watch forums do just that. Just my recommendation.

Uncle-AJ · 9 May 2006, 10:36 PM

Quote:

Originally Posted by Manatee

I would only recommend financing a luxury item if the dealer was giving credit at 0% interest, and if that 0% interest rate did NOT cut into the discount on the item. In other words, only finance a wrist watch if it is truly freeing up your money to make more money elsewhere -- not because you want to buy something that is beyond your means. Don't fall into the trap of "buying" luxuries that you can't really afford. I suspect a lot of guys on these watch forums do just that. Just my recommendation.

I agree entirely. Once you fall into the financing trap, it's very hard to get out. This week we have been watching Oprah Windbag and she was doing a spot on debt. I could not believe the amount of people who were thousands of dollars in debt just because they were trying to live a lifestyle they could not really afford.

C.J. · 10 May 2006, 01:43 AM

edt

Launch Mini · 10 May 2006, 02:19 AM

Being in my line of work, I see way too many people with rediculous debt loads.
Our property values have been increasing and people keep borrowing against there "false equity" to keep up with the Jones'
I call it false equity, because they cannot simply cash it out & be wealthy. They would need a place to live & would either have to buy another expensive house or move to the middle of no-where in order to end up with cash in there jeans.

Rockrolex · 10 May 2006, 02:37 AM

Very sage advice, Peter.

So to anyone out there who is thinking about going into hock to buy a Rolex or any other high end watch - DON'T DO IT.. Stick to something within your affordable range.

You are still welcome here. We'd rather have you here and comfortable, than here and worrying about making the next mortgage or rent payment.

seanneok11 · 10 May 2006, 03:28 AM

the only thing is i just bought a sub cash 2 months, and now i wanna buy a pannie but man two watches in 2 months. at least if i get it financed i wouldnt feel like i am throing money away.

Launch Mini · 10 May 2006, 03:39 AM

What I tell my clients that like to have fun with there money, is to set up a Line of Credit with you bank. Nothing large, just an account you can afford to keep open ( say $5,000 to $10,000).
THIS IS NOW YOUR FUN ACCOUNT. If it gets to the max, you cannot buy anymore toys. If you keep it low, you have this money for what you heart desires. ( holidays, watches, TV, whatever)
DO NOT under any circumstance increase this amount. DO NOT borrow against other assets to pay this off.
You can use your credit card to buy stuff, then pay it off with your LOC.
Interest rates will be cheaper than credit cards.
BUT, always factor in the interest cost of your purchase. If your rate is 8%, and it will take you a year to pay for your "watch", ask yourself, Is the extra $400 interest ( on a 5,000 purchase) worth the gratification you will get by having that watch on your wrist today, rather than saving first??
NOW, with the Pannies, they come & go, so set up the LOC, if interest cost is okay, then you are set for that purchase when you find the right watch.
DO NOT jump in, just because you want it.
Hope this helps.
ps, you can send me $$ for this advise, as I will use it wisely for my next watch also

JJ Irani · 10 May 2006, 04:06 AM

Excellent advice, Peter, Ed and John.

I follow a few very simple rules of thumb:
- Can't afford it, don't buy it.
- Always buy band new and from an AD, whatever be the item.
- Screw credit cards - pay cash straight up front and that way you will always know where you stand on your own financial grounds on a day to day basis.

I'll be 60 this October....and those simple rules have NEVER proved me wrong!!

JJ

Otis · 11 May 2006, 08:55 AM

Quote:

Originally Posted by Launch Mini

What I tell my clients that like to have fun with there money, is to set up a Line of Credit with you bank. Nothing large, just an account you can afford to keep open ( say $5,000 to $10,000).
THIS IS NOW YOUR FUN ACCOUNT. If it gets to the max, you cannot buy anymore toys. If you keep it low, you have this money for what you heart desires. ( holidays, watches, TV, whatever)
DO NOT under any circumstance increase this amount. DO NOT borrow against other assets to pay this off.
You can use your credit card to buy stuff, then pay it off with your LOC.
Interest rates will be cheaper than credit cards.
BUT, always factor in the interest cost of your purchase. If your rate is 8%, and it will take you a year to pay for your "watch", ask yourself, Is the extra $400 interest ( on a 5,000 purchase) worth the gratification you will get by having that watch on your wrist today, rather than saving first??
NOW, with the Pannies, they come & go, so set up the LOC, if interest cost is okay, then you are set for that purchase when you find the right watch.
DO NOT jump in, just because you want it.
Hope this helps.
ps, you can send me $$ for this advise, as I will use it wisely for my next watch also

Well said John, and everybody else so far. I totally agree!
except....well....you can't beat the bonus points when you buy with credit cards...

But, even then, I'll wait until I actually have the amount in cash before I buy. There's also something infinitely more rewarding about paying for something and owning it straight away.
I know that at my tender age I probably should be investing more money for the future, but hey, I DO do that and I still enjoy life & my watches.
And they are something that i really enjoy! Besides, being a confirmed bachelor I don't have anyone else to squander money on, so who better than myself?

kingblackbolt · 11 May 2006, 12:34 PM

Quote:

Originally Posted by Manatee

I would only recommend financing a luxury item if the dealer was giving credit at 0% interest, and if that 0% interest rate did NOT cut into the discount on the item. In other words, only finance a wrist watch if it is truly freeing up your money to make more money elsewhere -- not because you want to buy something that is beyond your means. Don't fall into the trap of "buying" luxuries that you can't really afford. I suspect a lot of guys on these watch forums do just that. Just my recommendation.

Good point indeed Peter... it's way too easy for some people to just get what they want right here and now and pay for it through the teeth rather than have a little patience and get it when they can truly afford it...

9 May 2006, 10:38 AM	#1
seanneok11 "TRF" Member Join Date: Jan 2006 Real Name: Sean Location: Los Angeles Watch: Ap,rolex, rolex Posts: 172	financing????? any other ad other than ben bridge or tourneau do this?

10 May 2006, 01:43 AM	#10
C.J. "TRF" Member Join Date: Jan 2006 Location: * Posts: 10,196	edt __________________ Me? I'm still looking for Kokomo. I just hope that damn golfer isn't there Last edited by C.J.; 25 May 2006 at 04:16 AM..

10 May 2006, 02:19 AM	#11
Launch Mini "TRF" Member Join Date: Jan 2006 Real Name: John Location: Canada, eh Watch: can I? Posts: 6,240	Being in my line of work, I see way too many people with rediculous debt loads. Our property values have been increasing and people keep borrowing against there "false equity" to keep up with the Jones' I call it false equity, because they cannot simply cash it out & be wealthy. They would need a place to live & would either have to buy another expensive house or move to the middle of no-where in order to end up with cash in there jeans. __________________ Something witty to go here. Member # 293

10 May 2006, 02:37 AM	#12
Rockrolex TRF Moderator & 2024 SubLV41 Patron Join Date: May 2005 Real Name: God Location: Washington, D.C. Watch: What do you think? Posts: 37,967	Very sage advice, Peter. So to anyone out there who is thinking about going into hock to buy a Rolex or any other high end watch - DON'T DO IT.. Stick to something within your affordable range. You are still welcome here. We'd rather have you here and comfortable, than here and worrying about making the next mortgage or rent payment. __________________ Despite the high cost of living, it's still very popular. *Tosser Cabinet Member* Official Member: 'Perpetual 30' Vegas International GTG 2016 Official Member "WIS-CON" Las Vegas International GTG 2017 Official Member "WIS-CON" Las Vegas International GTG 2018 Official Member "WIS-CON" Las Vegas International GTG 2019

10 May 2006, 03:39 AM	#14
Launch Mini "TRF" Member Join Date: Jan 2006 Real Name: John Location: Canada, eh Watch: can I? Posts: 6,240	What I tell my clients that like to have fun with there money, is to set up a Line of Credit with you bank. Nothing large, just an account you can afford to keep open ( say $5,000 to $10,000). THIS IS NOW YOUR FUN ACCOUNT. If it gets to the max, you cannot buy anymore toys. If you keep it low, you have this money for what you heart desires. ( holidays, watches, TV, whatever) DO NOT under any circumstance increase this amount. DO NOT borrow against other assets to pay this off. You can use your credit card to buy stuff, then pay it off with your LOC. Interest rates will be cheaper than credit cards. BUT, always factor in the interest cost of your purchase. If your rate is 8%, and it will take you a year to pay for your "watch", ask yourself, Is the extra $400 interest ( on a 5,000 purchase) worth the gratification you will get by having that watch on your wrist today, rather than saving first?? NOW, with the Pannies, they come & go, so set up the LOC, if interest cost is okay, then you are set for that purchase when you find the right watch. DO NOT jump in, just because you want it. Hope this helps. ps, you can send me $$ for this advise, as I will use it wisely for my next watch also __________________ Something witty to go here. Member # 293

9 May 2006, 01:38 PM	#2
diablojota "TRF" Member Join Date: Mar 2006 Real Name: Frank Location: Chattanooga, TN Watch: SS Submariner Date Posts: 4,042	i think you'll find that many of the ADs will do financing. Especially the chain store ones. I financed mine through the AD, i believe it was Jareds. It doesn't hurt to ask the AD, they don't typically advertise their financing packages.

9 May 2006, 02:24 PM	#3
seanneok11 "TRF" Member Join Date: Jan 2006 Real Name: Sean Location: Los Angeles Watch: Ap,rolex, rolex Posts: 172	Hmmm..

9 May 2006, 02:25 PM	#4
seanneok11 "TRF" Member Join Date: Jan 2006 Real Name: Sean Location: Los Angeles Watch: Ap,rolex, rolex Posts: 172	hmmm.... where is jareds and do they carry panerai and how long are the financing

9 May 2006, 03:14 PM	#5
jeremyh172 Member Join Date: May 2006 Real Name: Jeremy Location: St.louis,MO Watch: Rolex gmt Posts: 37	my local ad does.

9 May 2006, 05:34 PM	#6
D4UK Banned Join Date: May 2006 Location: USA Watch: TT SUB LV GMTII Posts: 527	yep the main chain of AD over here in the UK do.. 0% over 1 or 2 years depending on value. (definately worth asking - you don't ask you won't get)

10 May 2006, 03:28 AM	#13
seanneok11 "TRF" Member Join Date: Jan 2006 Real Name: Sean Location: Los Angeles Watch: Ap,rolex, rolex Posts: 172	the only thing is i just bought a sub cash 2 months, and now i wanna buy a pannie but man two watches in 2 months. at least if i get it financed i wouldnt feel like i am throing money away.

10 May 2006, 04:06 AM	#15
JJ Irani Fondly Remembered Join Date: May 2005 Real Name: JJ Location: Auckland, NZ Watch: ALL SOLD!! Posts: 74,319	Excellent advice, Peter, Ed and John. I follow a few very simple rules of thumb: - Can't afford it, don't buy it. - Always buy band new and from an AD, whatever be the item. - Screw credit cards - pay cash straight up front and that way you will always know where you stand on your own financial grounds on a day to day basis. I'll be 60 this October....and those simple rules have NEVER proved me wrong!! JJ __________________ Words fail me in expressing my utmost thanks to ALL of you for this wonderful support during my hour of need!! I firmly believe that my time on planet earth is NOT yet up!! I shall fight this to the very end.......and WIN!!

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)