Paying full retail for Explorer 39 mm

[Harry-57]

I wouldn't buy a watch as an investment. There are other things you can put your money into for a decent return in the medium to long term. If any consurer item I own, such as a watch gains value, then so be it. Nice bonus, but I buy my watches to enjoy owning them and to tell me the time. I would advise you to buy what you like and enjoy the hell out of wearing it.

As far as discounts go, I bought and Exp 2 Polar this January and got 5% off based on past relationship. I bought a Z-Blue from the same AD this week and couldn't get anything off. In the current climate, I consider that an OK result. We have this year bought a number of other things from this dealer and never failed to get a discount. It's a Rolex thing.

[mjclark32]

Congrats! Looks great!

[Rolly.BT]

Love this watch. Congrats mate!

[Flybak]

Great watch, congratulations!

[Muxi]

Getting mine this week! Paying retail too.

[Beckster]

Congrats Fraz! I got mine end of last month in the UK. Paid retail as well but was able to save on tax as l don’t live there. Very happy with it. Enjoy yours for a long time!

[envuks]

If you like it, buy it.

Don’t stress about value retention. The reality is that it will drop in the short-term if you tried to resell it. If you had to fire sale it quickly it might go for ~5200-5500.

[warrior]

Congrats--IMO, the EXP I looks like a leaner, sleeker , more stylish, better proportioned, and dressier Panerai. That's a good thing!

[jsausley]

I just got one for an AD for $7,004 after local taxes. :P

[Fraz]

Originally Posted by jsausley

I just got one for an AD for $7,004 after local taxes. :P

That's an amazing price! How did you pull that off?

[2nastie]

Originally Posted by jsausley

I just got one for an AD for $7,004 after local taxes. :P

Originally Posted by Fraz

That's an amazing price! How did you pull that off?

Is that in USD? That would be expensive for us over here.

That is more than Canadian MSRP + Taxes.

It's $7,500 CAD + 12% tax = $8,400 CAD tax included. Which is $6,384 USD (0.76$ exchange rate). $600 USD difference than the price you paid.

That's at 0% discount (although there won't be anyways) buying it via your friendly neighbours up North. I picked one up in April.

[Fraz]

Originally Posted by 2nastie

Is that in USD? That would be expensive for us over here.

That is more than Canadian MSRP + Taxes.

It's $7,500 CAD + 12% tax = $8,400 CAD tax included. Which is $6,384 USD (0.76$ exchange rate). $600 USD difference than the price you paid.

That's at 0% discount (although there won't be anyways) buying it via your friendly neighbours up North. I picked one up in April.

I was assuming it was CAD. My mistake. 7000 CAD after taxes would be pretty remarkable.

In any case, I paid Ontario taxes, so 7500 + 13% tax

[Fraz]

Here it is again. A little over one month on wrist now. It's been really hard to wear anything else.
Thank you everyone for the nice words.

[2nastie]

Originally Posted by Fraz

I was assuming it was CAD. My mistake. 7000 CAD after taxes would be pretty remarkable.

In any case, I paid Ontario taxes, so 7500 + 13% tax

Not to worry at all.

Hahaha, I just know we have a pretty decent deal here in Canada at MSRP. I know its $6,500 before taxes in the US. Based on today's exchange, we are ahead even if we paid tax unless the US has some decent discount available.

[jsausley]

Originally Posted by 2nastie

Is that in USD? That would be expensive for us over here.

That is more than Canadian MSRP + Taxes.

It's $7,500 CAD + 12% tax = $8,400 CAD tax included. Which is $6,384 USD (0.76$ exchange rate). $600 USD difference than the price you paid.

That's at 0% discount (although there won't be anyways) buying it via your friendly neighbours up North. I picked one up in April.

Yeah, I'm not bragging about the price, just saying that to me it's worth retail. I paid $6,550 plus tax. $6,550 is the retail in the US. It would cost me more than $600 to get to Canada anyway.

[D O C]

Way to go Fraz and congratulations. Wear in good health.

[Nandor]

I also wear / love the EXP 1. I got it at a local AD with a reasonable 10% discount - I would have still wanted the watch without the discount though.

[TRM]

If you want it, buy it. When the times comes to sell it you'll get the amount the buyer is willing to pay and the the price you are willing to accept. No crystal ball when it comes to that.

[007_Omega]

Don't see too big of a deal with paying full retail. I'd just try to avoid paying the tax on this one. I talked to one of my local ADs and they told me that they are giving 0 discounts now on the steel sports stuff but they are willing to ship the watches out of state to avoid the tax costs.

You're probably not going to sell this beauty anyway and if you do you'll take a bit of a loss but oh well. I would not spend retail on an Explorer II, way too much depreciation but on other models it's ok.

[Colin G]

Originally Posted by Fraz

After taxes I am looking at 6500 USD. Will the watch retain its value bought at this price?

Nope. Up here in Canada if you bought the watch for $7500 + tax and sold that watch a few months after buying it you'd maybe get $6800 CAD for it.


It is a really great watch and one of my favourites that I own.