Can We Put The Cost Of A New Rolex In Perspective ???

[portable75]

Who cares what people think.....I makes me happy!

[Travis]

If I stopped taking vacations twice a year, I could buy two new Rolexes per year. Once the vacation is over, there is nothing to show for it. However, as much as I love my Rolex, the time away to relax and recharge is much more valuable to me.

[JBat]

Originally Posted by portable75

Who cares what people think.....I makes me happy!

That's how I feel about things too. Since people rarely notice what watch you're wearing anyway, I've never had to "justify" anything. I buy and wear what I like.

[Chozn1]

I bought a Porsche a couple of years ago and everyone thought it was really great. I was bored with it within a week and had buyer's remorse as it took special effort to come home, get it, and park a hundred yards away from everyone else. My rollies however have brought me nothing but joy and I actually are going up in value which is more than most eye candy can say.

[ratmotortom]

Originally Posted by SPACE-DWELLER

And you can always get your money you paid for your Rolex back if you just wait long enough.

I agree. I have no problem paying big money for an item that retains a strong resale value in the future.

A new car depreciates more in 6 months than a new SS Daytona costs. Too bad you can't drive a watch !!

[Trurolexer]

Originally Posted by SPACE-DWELLER

And you can always get your money you paid for your Rolex back if you just wait long enough.

Agree...Agree...

[Alcan]

All in all, I lead a pretty Spartan lifestyle. Not a clotheshorse, don't go out to clubs, don't gamble, rarely eat in restaurants. Mostly a stick around the house kind of guy, except for the yacht club, my sailboat, and racing. Now that's a money pit.

My career at the college covers my fixed expenses, and I have a fully equipped part time auto repair shop at home which pays for my habits such as club dues, slip fees, and watches. It works for us.

[DS/B MINI S]

Originally Posted by technicaldirector

I promised my girlfriend I'd quit for her birthday- I'll let this be my inspiration:

http://youtube.com/watch?v=Lzp_qguwtag

Whenever I sell a 2-way radio (side business) , I put $300 into my watch fund. I don't think a new Rolex will ever be in the cards, but a used one? Yes, yes, yes.

I quit smoking in November 1993. Saved my smoke money for a few months and bought a '94 Sea-Doo XP. Made the payments, insurance, gas, and paid for maintenance with funds previously allocated towards cigarettes. One of the best decisions I've ever made

Keep selling the radios and you'll get that Rolex. I do woodturning as a "hobby business" and it has allowed me to purchase all my watches, knives, and guns

[CPTL]

Best examples I can think of are cars and boats.

$30k car depreciates a Sub every year. Most people buy a new car every 3-4 years, because they want one--not because the old one is run down. Stretch that car to 6 years and you can buy a Rollie every 5 years.

$25k boat that is used 3-4 times a year. Plus $1-3k year for service and storage.

[JJ Irani]

My flock of sheep is worth more than all my Rollies put together.....and look at the yield I get back from them!!!

[JostheBoss]

Originally Posted by JJ Irani

My flock of sheep is worth more than all my Rollies put together.....and look at the yield I get back from them!!!

Hey! Can we try get a sheep smiley for just this sort of thing? Would be so fitting :)

[StanGMT]

Originally Posted by JJ Irani

My flock of sheep is worth more than all my Rollies put together.....and look at the yield I get back from them!!!

Yes, JJ, but look how quickly your sheep wear out compared with your Rollies . . .

[Baptistman]

Originally Posted by JJ Irani

My flock of sheep is worth more than all my Rollies put together.....and look at the yield I get back from them!!!

More like the yield they get from you

[StanGMT]

I spend significantly more on fuel for my cars in a year than the cost of a new GMT - and a GMT will last for many, many years. Then there is the cost of servicing the GMT - but even that's a lot less than keeping just one car going . . . .. No, a good watch isn't expensive in the whole scheme of things and, if you want it to be, it's with you for life.

Stan.

[SSD]

My Sub is around: 1/5 the cost of a nice, new Harley. About the same with a new boat. 1/6 the cost of a nice new Mustang GT or the 2010 Camaro. 1/10 the cost of a Corvette Z06. 1/100 the cost of a big house in a nice neighborhood. Comparitively speaking, they're not all that bad, really!

[Terry Newton]

My new Lexus with taxes came to a hair over $60,000. Pound for pound the watch is probably more expensive compared to the car but it fits on my wrist so much nicer and weighs less.

Terry Newton

[steel4me]

two weeks ago, the AD offered me $3100 for my SS Sub date .... I paid $2800 for it in 1998, brand new ..... so when he said "$3100 right now, I will take it off your wrist" it made me go "DANGG!!!" and I realized how well it held its value .... yeah, not an investment, but how many things in life you can use for 10yrs and still get your $$ back??? Not too many .... and I did not sell it to him ... I think the SS sub Date is a special case because people want that model bad, but the same goes with most rolexes, especially the affordable SS sports models....

[CoopJr]

Originally Posted by steel4me

two weeks ago, the AD offered me $3100 for my SS Sub date .... I paid $2800 for it in 1998, brand new

Was that a straight sale or was that contingent upon you buying another Rolex

[CoopJr]

I have a display of 50 motorcycle license plates easily worth as much as a SD. Everyone's cost analogies here are spot on as usual The smoking one is always my favorite.

Folks who question how others spend their discretionary income are a little selfish in my book.

[mullman]

I could buy a few SS Daytonas (LNIB off the net) per year for what I spend on private school for the little ones.

It is all what you value and want to spend your dollar on.

[DSJ]

Heck, I'm amazed at what people pay for cable/satellite TV! I use my regular antenna. Since I started doing that 5 years ago, I've saved more than enough for Bluesy! We all have our passions/vices. Mine are watches, cars and wine.

[KJacques]

I've never felt a need to justify the expense of my watch against other material items or the way someone else spends their money. It is all what interests you and no one else and vice versa. I've spent far more money than the cost of a watch on my hobbies and most of them have seen no return, but that in no way makes makes my watch a better purchase.

I do understand how people may spend a lot on their own interests and be shocked by the cost of a single watch. After all, a watch is a very passive interest centered around knowing what time it is and many don't share the appreciation either as a complex mechanical device or as a piece of jewelry. In the end, it all comes down to the amount of enjoyment something gives you so why worry how someone else receives theirs?

[Floridadogg]

I bought a Jaguar S Type R new in 2002 for $64,000.00 + tax less trade in. Real hard dollar cost was about $50K. Today the car is worth about $20K wholesale. If I had bought 8 stainless Daytonas at say $1K over MSRP then, today they would be worth about $70K. I think that says it all. Maybe I would have had to pay $2K over MSRP. But you get the idea.

[CPTL]

Originally Posted by Floridadogg

I bought a Jaguar S Type R new in 2002 for $64,000.00 + tax less trade in. Real hard dollar cost was about $50K. Today the car is worth about $20K wholesale. If I had bought 8 stainless Daytonas at say $1K over MSRP then, today they would be worth about $70K. I think that says it all. Maybe I would have had to pay $2K over MSRP. But you get the idea.

Hell yes. My brother in law is a perfect example of this. He buys a new Tahoe ($30-40k vehicle) every three years. But he was amazed when I bought a Rolex. (Wonder what he's going to say when I have three?)

People will spend $40k on a car without blinking. Spend $30k on the car instead, and buy a Rolex. Six years later, either car will be worth roughly $10k. And so will the watch.

[f16570]

There is no quantifing the value. The value is what you get from them.

[steel4me]

Long time ago at my work, I was told to go get a document from some guy. I go into his office and he is eating his lunch so I left. When I got back into my office, this lady comes into my office and tells me "did you see what Gary was having?" and I said "well he was eating his lunch and it looked like bread and chips were there ..." she says "no, that small bottle, di you see it?" I said "no" and she goes "that's a $230 bottle of balsamic vinegar!" and I let out the biggest "DAAAAAAAANNNNNNNNGGGGGGG!!!" of my life .... so this guy gets a kick out of a $200+ bottle of vinegar that he peed off in the next half hour ....and I bet it wasn't his first time either ... I mean buying such an expensive bottle of vinegar....

[Jimbits76]

Interesting thread. If I am brutally honest I probably shouldn't be able to afford a Rolex yet I own two.
My first was inherited although the repair cost easily surpassed the cost of at least a new Oyster Perpetual at the time.
My LV was purchased simply because I had wanted a Rolex Sub from being a kid and I also wanted to celebrate the birth of my child with something special. My wife got an eternity ring, I picked up the watch.
Now, some of you guys on here talk about what other things you can afford such as meals, cars, boats, bikes, guns, etc.
I have bought my watch because I am not really into going for fancy meals, cars, boats, bikes, guns etc. I'm into watches and I can justify treating myself now and again by going without other luxuries.
I love watches because of my father's (and his father's) love and appreciation of Rolex.
I wish I had a cheaper interest but the things just hypnotise me.
My father owns an 07 Mercedes SL55 AMG, a top of the range 07 Range Rover and a big old house in the nicest part of town. He has a TT DJ and he's happy with it. He'll probably never buy another Rolex unless he loses his.
I live in a three bed semi-detached under mortgage with a company Ford Focus that I get new every couple of years.
Does this mean I shouldn't be buying expensive watches? What is expensive?
I consider a wg Daytona with a meteorite face expensive (as in I can't afford it so I don't have one).
Investing in a new Sub or GMT or the like (about £3.5k) is something my wife and I can afford even though we need to make that decision between us. My monthly pay packet won't cover the cost but it wouldn't take me long to save for it or pay off the c.card....it might just mean that the new Tanzanite or diamond piece of jewellry she wanted will have to go on hold.
My nan would say two things..."horses for courses" and "if you want something enough, you think that it will make you happy and if you're not hurting anybody else by buying it, treat yourself. You'll only regret it if you don't."
Good Old Nan!

J

[Ed Rooney]

Originally Posted by Jimbits76

Interesting thread. If I am brutally honest I probably shouldn't be able to afford a Rolex yet I own two.
My first was inherited although the repair cost easily surpassed the cost of at least a new Oyster Perpetual at the time.
My LV was purchased simply because I had wanted a Rolex Sub from being a kid and I also wanted to celebrate the birth of my child with something special. My wife got an eternity ring, I picked up the watch.
Now, some of you guys on here talk about what other things you can afford such as meals, cars, boats, bikes, guns, etc.
I have bought my watch because I am not really into going for fancy meals, cars, boats, bikes, guns etc. I'm into watches and I can justify treating myself now and again by going without other luxuries.
I love watches because of my father's (and his father's) love and appreciation of Rolex.
I wish I had a cheaper interest but the things just hypnotise me.
My father owns an 07 Mercedes SL55 AMG, a top of the range 07 Range Rover and a big old house in the nicest part of town. He has a TT DJ and he's happy with it. He'll probably never buy another Rolex unless he loses his.
I live in a three bed semi-detached under mortgage with a company Ford Focus that I get new every couple of years.
Does this mean I shouldn't be buying expensive watches? What is expensive?
I consider a wg Daytona with a meteorite face expensive (as in I can't afford it so I don't have one).
Investing in a new Sub or GMT or the like (about £3.5k) is something my wife and I can afford even though we need to make that decision between us. My monthly pay packet won't cover the cost but it wouldn't take me long to save for it or pay off the c.card....it might just mean that the new Tanzanite or diamond piece of jewellry she wanted will have to go on hold.
My nan would say two things..."horses for courses" and "if you want something enough, you think that it will make you happy and if you're not hurting anybody else by buying it, treat yourself. You'll only regret it if you don't."
Good Old Nan!

J

I say buy it if you want. You never know what's coming up financially, so there's no way to plan. A few weeks ago my wife was griping about the kids college fund and feeling guilty because we both have nice pre-owned Rolexeses. A day or so later my company awarded me a good chunk of stock, enough to make a serious dent if not pay for their college completely. You just never know what's around the corner.

[Earl Camembert]

Originally Posted by Tools

I keep hearing about the high cost of a Rolex, or that they are over priced for a watch....

Maybe we can come with some perspective.. As I mentioned in another thread, I have friends with more tied up in their Lionel Train sets and diorama than I have in a few watches..

I know that when I see a woman with a new Mink coat, or diamond tennis bracelet, they cost more than a new Sub.

A good meal out once a week and you've paid for a Rolex in a short year....

I've got American Polished Torq-Thrust wheels and Good-Years on my old Mustang and they cost as much as a new GMT II...and the GMT will last a lot longer..

Look around a bit....

Let's put this Rolex thing into some perspective.....OK....

What do you think... ???

I think if you want a Rolex and don't deny vital needs go for it. Can a better watch be had for much less money of course, a more protected and prestigious name no.

[TempoKing]

HA HA HA HA HA ...Cost of a Rolex in Perspective...?
If we had any brains we would buy a usefull watch to tell time and not the
"I have arrived" mediocre watch we all die for.