Why are AD's keeping the warranty card?

[Old Expat Beast]

Originally Posted by Yzord

I am still wondering why AD's are keeping the warranty card from a new sold watch.

Because they don't trust you, basically.

[zjd168]

Originally Posted by Old Expat Beast

Because they don't trust you, basically.

LOL

[Calatrava r]

I agreed until I saw the market is awash with July 2019 warranty dated cards watches. The whole thing now is to buy a watch at retail and flip it. Anyway this can be curtailed is a good thing in my view.

[Yzord]

Originally Posted by Seibei

Yes, it is very simple. If you don't like it, then don't buy it. Simple as that. Why are you so worried about this anyway? Won't you get the card after a year or so? What difference does it make to you that the card is at your house or at the dealer's shop? Are you a flipper?

And what if when i am a flipper? I bought the watch so i am the legal owner of it. There is no law that you cannot resell your own property.

[Andad]

The warranty card could have been lost.

The purchase receipt is good for any warranty and the warranty is supposed to follow the watch?

[watchmaker]

Originally Posted by Yzord

And what if when i am a flipper? I bought the watch so i am the legal owner of it. There is no law that you cannot resell your own property.

The law is actually very clear on this sort of thing. You can be restricted from selling ‘your property’ or using it in any particular way if your contract with the supplier includes such a term. Breaching such a contractual obligation is illegal.

A retailer is perfectly entitled to draw up a contract restricting you from reselling for two years with a penalty for breach of contract. I suggest you don’t push your luck complaining about them holding the card for a few months or this could be be the next ‘anti flipper measure’ adopted by stores. If it’s good enough for some car companies it’s good enough for watches.

[10klakes]

Interesting topic, to say the least.

Buy, wear, enjoy- problem solved.

[eco8gator]

Better than warranty card vs Rolex forcing you to engrave your name in the case back:)

[Yzord]

Originally Posted by watchmaker

The law is actually very clear on this sort of thing. You can be restricted from selling ‘your property’ or using it in any particular way if your contract with the supplier includes such a term. Breaching such a contractual obligation is illegal.



A retailer is perfectly entitled to draw up a contract restricting you from reselling for two years with a penalty for breach of contract. I suggest you don’t push your luck complaining about them holding the card for a few months or this could be be the next ‘anti flipper measure’ adopted by stores. If it’s good enough for some car companies it’s good enough for watches.

Not in Holland. Here is what you buy your property.

[JodyHighroller]

Originally Posted by watchmaker

The law is actually very clear on this sort of thing. You can be restricted from selling ‘your property’ or using it in any particular way if your contract with the supplier includes such a term. Breaching such a contractual obligation is illegal.

A retailer is perfectly entitled to draw up a contract restricting you from reselling for two years with a penalty for breach of contract. I suggest you don’t push your luck complaining about them holding the card for a few months or this could be be the next ‘anti flipper measure’ adopted by stores. If it’s good enough for some car companies it’s good enough for watches.

It’s sad, but I could definitely see this as a possible avenue in the future.

[Andrejb]

IMO keeping it for a year is a good idea. If you plan on keeping the watch in your collection then it’s no big deal, you don’t even need the warranty card in your possession. Your AD ships to RSC anyway, or you can personally go to RSC and they just pull up warranty by serial.

Only reason you really need a warranty card is for a flip.

Maybe this will create less flippers and watches will be more readily available for the people that actually want them in their collection.


Sent from my iPhone using Tapatalk

[omx5o]

Originally Posted by Andrejb

Only reason you really need a warranty card is for a flip.

You definitely do not need a warranty card to flip a watch. You will still make thousands even without the card. When the card arrives 12 months later a flipper will simply toss it in the bin.

[Mike Jab]

I would never purchase a watch from a dealer who keeps the warranty card.

[Mike Jab]

Originally Posted by watchmaker

The law is actually very clear on this sort of thing. You can be restricted from selling ‘your property’ or using it in any particular way if your contract with the supplier includes such a term. Breaching such a contractual obligation is illegal.

A retailer is perfectly entitled to draw up a contract restricting you from reselling for two years with a penalty for breach of contract. I suggest you don’t push your luck complaining about them holding the card for a few months or this could be be the next ‘anti flipper measure’ adopted by stores. If it’s good enough for some car companies it’s good enough for watches.

No one will be buying any watch anymore if this measure is introduced, don't be fooled / gullible please.

[Littletommy]

Originally Posted by BillA

How many times are we going to discuss this topic about the AD keeping the warranty card?

Probably a lot!

[watchmaker]

Originally Posted by Mike Jab

No one will be buying any watch anymore if this measure is introduced, don't be fooled / gullible please.

I don't expect this to actually happen, it was an example of what contract law allows.

But it is you that is being gullible if you think a two year restriction on selling would stop everyone from buying a watch. It may stop some people, and that is arguably the point of an extreme measure like that.

Two years is a very short time to turn your £23k purchase of a 5711 in to £50k+ return on investment.

[watchmaker]

Originally Posted by Yzord

Not in Holland. Here is what you buy your property.

I don't believe this is true.

Contractual restrictions on your property must exist in Holland. A society cannot allow people to do anything they want so long as they own the object they are doing it with.

[Boaters]

It is stupid IMHO

[REFZ]

@Alex / Yzord
I think it started in the UK but I haven't heard about Dutch AD's holding the warranty cards.

Did it happen to you in the Netherlands?
If so which watch did you buy and which AD held the card?

[M45]

I think it'd be a deal breaker not to have the warranty card.

What's next, you're only allowed to "lease" Rolexes like some supercars?

[fsprow]

Just make sure they swipe the card and register it in your name. Then they can keep the card as long as they want in my opinion. Just take a photo using your phone of the card and you will be fine if you need RSC service. I’ve never actually presented the physical card to an RSC, only a photo.

[westsiderkg]

This is idiotic on both fronts.

If an AD told me they were keeping the card I'd tell them to shove it..followed by a equally idiotic analogy.

I'd ask them first, how did they get to work today.

They'd likely reply, duh...I drove here.

That's right junior, you drove here in your car that you bought. How would you feel spending thousands of dollars on your car, but the dealer says, nah...were holding your vehicle title for 12 months first...so you kinda own it but you really dont own all of it...right, makes complete sense???

That's right junior, you'd tell them to shove it...just like I'm telling any moronic AD who applies such a crappy customer service practice.

Times will change and one day Rolex demand will decrease, so wise ADs should think about future business and not this short term demand trend driven by speculators.

WISs will be what keep the lights on long term, but that's ok greedy ADs, keep treating us like crap and see what happens long term. Shesh...

[Mike Jab]

Originally Posted by watchmaker

I don't expect this to actually happen, it was an example of what contract law allows.

But it is you that is being gullible if you think a two year restriction on selling would stop everyone from buying a watch. It may stop some people, and that is arguably the point of an extreme measure like that.

Two years is a very short time to turn your £23k purchase of a 5711 in to £50k+ return on investment.

First, no one can predict the future, only in exceptional circumstances does a mass produced item demand twice its retail price, phenomena we are currently observing so trust me the people buying watches as investment / to sell need the warranty card to keep maximum value.
Second, people who buy the watches and don't request the warranty card are either people who know nothing of watches and really are buying it just for the sake of owning a rolex, or hardcore collectors who don't mind waiting - no different from people before this madness happened. This measure targets this new segment of flippers.
Hence, please don't be gullible.

[watchbowl]

Originally Posted by Nairn1980

Accept the terms or buy elsewhere (or another brand)

Or option three, go online and cry about it

[jimcameron]

Originally Posted by Yzord

I am still wondering why AD's are keeping the warranty card from a new sold watch.

To show the buyer that they are in charge and that they enjoy jerking buyers around.

[saturdayAMswingers]

Ironically wouldn’t this only further enable the larger, more well funded flippers. At the current market rate, a Daytona will be worth more in August 2020 than in February 2020. So anyone (large grey, high $$ flippers) who can afford to sit on inventory wins vs the small time flipper.