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beshannon · 6 December 2013, 11:12 PM

Far too many issues for it to work as a real business

Trouble15 · 6 December 2013, 11:33 PM

I would think they simply clean the watch before re-renting. I wonder what happens with scratches. Do they repolish all the time or do you rent a scratched up watch? I would assume they're insured and that cost has to be tied into the monthly fees, for damages, or sadly if a watch doesn't get returned...

Wonder how the business will do.

JJL · 7 December 2013, 12:18 AM

I wouldn't mind trying a watch out that I'm interested in buying for a few days or maybe a week. A month? Probably more than I'd want/need but I don't think it makes sense to "rent" a watch for several months/years.

But some people like having access to that kind of variety, as maybe they'd get bored of having just 1 luxury watch.

In a way I kind of look at it as similar to leasing a car - after a few years, you have nothing to show for the 10s of thousands of dollars you spent on the car. How is this really any different?

polarinda · 7 December 2013, 01:24 AM

Anything you can buy for less than 10k isn't worth renting, imo..

rmfnla · 7 December 2013, 03:00 AM

Quote:

Originally Posted by codecow

I can't imagine a WIS would be happy with a rented piece, I don't think they'll do we'll.

The WIS crowd is not their target market, it's the wannabes who are looking to impress people but not willing to work hard enough to earn it...

Lew Archer · 7 December 2013, 05:41 AM

I knew a fellow whose motto, after his second divorce, was "If it floats, flies, or f**ks, I lease it." Maybe he'd sign up for this...

Cc1966 · 7 December 2013, 05:46 AM

Quote:

Originally Posted by Lew Archer

I knew a fellow whose motto, after his second divorce, was "If it floats, flies, or f**ks, I lease it." Maybe he'd sign up for this...

Oldie but a goodie...

69mach351 · 7 December 2013, 05:58 AM

Here is the issue that I have with this. If I was to put a little money down at my local dealer, I could get a number of these watches used (as these would be) for a similar interest free, monthly payment.

Even the watches that you couldn't do that on, you have some equity, even if you sell yours at a loss.

shnxx · 7 December 2013, 06:29 AM

If I could rent a watches that I don't want to pay all cash, I would be very interested.

Lion · 7 December 2013, 12:36 PM

I imagine there will be many individuals who will use this service and have fun wearing different watches every couple of months...but I will not be one of these renters. At my age, I know what I want and what I will save for and buy to own, have and enjoy ...I was raised to do without until you can pay with cash and always buy quality over quantity!!!

Trouble15 · 7 December 2013, 02:28 PM

Quote:

Originally Posted by Lew Archer

I knew a fellow whose motto, after his second divorce, was "If it floats, flies, or f**ks, I lease it." Maybe he'd sign up for this...

HL65 · 7 December 2013, 10:06 PM

Not for me and can't see this as a viable business model but to each his own.

East Bay Rider · 7 December 2013, 11:34 PM

I could see it being popular with celebrities, wannabees and superficial blingy types without the income to buy their own. There seem to be a lot of 'Flash in the pan' types getting their brief fame window for which this service would be perfect. I could also understand flippers and the indecisive or newbies using it to try a style or a brand out. Rolex, Hublot or Panerai- they're all so different why not try and see what "fits". I believe well established watch enthusiasts will continue to save and own what they like.

shnxx · 8 December 2013, 05:47 AM

Sounds like a lot of u are against it but a lot of people lease or finance cars like Ferrari not because they cannot pay the cash up front but for other reasons.
Doing the same thing for a watch seems a bit odd because people normally don't do this for a watch but i could see it being more widely accepted.

I'm sure when auto financing first became available many said the same thing about it--those superficial poor idiots are paying monthly to buy something they can't afford.

77T · 8 December 2013, 11:45 PM

With proper residual values it might work. But the real problem is with repo's and insurance.

With cars they can be found and repo'd much easier than watches - risk of loss is lower.
With cars the lessor can demand continuous collision and comprehensive coverage to maintain residual value - no such insurance on watches, just loss coverage.

The thing we might not realize is serial flippers are actually leasing anyway...in the sense they hold the item for a short period and just keep rolling any residuals into the next item.

LordNantucket · 17 December 2013, 02:30 PM

Not sure the logistics would work on this one.. That being said, might be nice to have a piece for an extended test run.

Sent from my iPhone using Tapatalk

6 December 2013, 11:12 PM	#31
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,892	Far too many issues for it to work as a real business __________________ IWC Portugieser 7 Day, Omega Seamaster SMP300m, Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Breitling Superocean Steelfish, JLC Atmos Transparent Clock

7 December 2013, 06:29 AM	#39
shnxx "TRF" Member Join Date: Mar 2013 Location: Los Angeles Posts: 1,120	If I could rent a watches that I don't want to pay all cash, I would be very interested. __________________ newb watch collector

7 December 2013, 12:36 PM	#40
Lion "TRF" Member Join Date: Jan 2009 Real Name: Leo Location: Midwest Watch: GMT-II 16710 PEPSI Posts: 21,461	I imagine there will be many individuals who will use this service and have fun wearing different watches every couple of months...but I will not be one of these renters. At my age, I know what I want and what I will save for and buy to own, have and enjoy ...I was raised to do without until you can pay with cash and always buy quality over quantity!!! __________________ SS GMT-II 16710 PEPSI(Z-serial#) THE ONLY DIFFERENCE BETWEEN MEN AND BOYS IS THE PRICE OF THE TOYS!!! MontBlanc Meisterstuck Doue Silver Barley MontBlanc Meisterstuck Solitaire Doue Signum Proud Card Carrying Member of the Curmudgeons.....Yikes!!!

7 December 2013, 10:06 PM	#42
HL65 TRF Moderator & 2024 SubLV41 Patron Join Date: Dec 2007 Real Name: Ken Location: SW Florida Watch: One on my wrist. Posts: 64,008	Not for me and can't see this as a viable business model but to each his own. __________________ *SPEM SUCCESSUS ALIT*

7 December 2013, 11:34 PM	#43
East Bay Rider "TRF" Member Join Date: Oct 2007 Real Name: Bill Location: East Bay RI Watch: GMT-II 16710LN Posts: 12,073	I could see it being popular with celebrities, wannabees and superficial blingy types without the income to buy their own. There seem to be a lot of 'Flash in the pan' types getting their brief fame window for which this service would be perfect. I could also understand flippers and the indecisive or newbies using it to try a style or a brand out. Rolex, Hublot or Panerai- they're all so different why not try and see what "fits". I believe well established watch enthusiasts will continue to save and own what they like. __________________ I bought a cheap watch from the crazy man Floating down canal It doesn't use numbers or moving hands It always just says "now" Now you may be thinking that I was had But this watch is never wrong And if I have trouble the warranty said Breathe In, Breathe Out, Move On J. Buffett Instagram: eastbayrider46

6 December 2013, 11:33 PM	#32
Trouble15 "TRF" Member Join Date: Dec 2011 Real Name: Steve Location: USA Watch: A few Posts: 8,884	I would think they simply clean the watch before re-renting. I wonder what happens with scratches. Do they repolish all the time or do you rent a scratched up watch? I would assume they're insured and that cost has to be tied into the monthly fees, for damages, or sadly if a watch doesn't get returned... Wonder how the business will do.

7 December 2013, 12:18 AM	#33
JJL "TRF" Member Join Date: Dec 2010 Location: US Watch: 1680 Red & 16622 Posts: 2,449	I wouldn't mind trying a watch out that I'm interested in buying for a few days or maybe a week. A month? Probably more than I'd want/need but I don't think it makes sense to "rent" a watch for several months/years. But some people like having access to that kind of variety, as maybe they'd get bored of having just 1 luxury watch. In a way I kind of look at it as similar to leasing a car - after a few years, you have nothing to show for the 10s of thousands of dollars you spent on the car. How is this really any different?

7 December 2013, 01:24 AM	#34
polarinda "TRF" Member Join Date: Mar 2011 Real Name: Trav Location: singapore Watch: it Posts: 2,316	Anything you can buy for less than 10k isn't worth renting, imo..

7 December 2013, 05:41 AM	#36
Lew Archer "TRF" Member Join Date: Sep 2011 Location: L.A., Calif. Watch: Rolex Submariner Posts: 2,220	I knew a fellow whose motto, after his second divorce, was "If it floats, flies, or f**ks, I lease it." Maybe he'd sign up for this...

7 December 2013, 05:58 AM	#38
69mach351 "TRF" Member Join Date: Dec 2012 Location: Midwest Watch: 116900 Posts: 1,066	Here is the issue that I have with this. If I was to put a little money down at my local dealer, I could get a number of these watches used (as these would be) for a similar interest free, monthly payment. Even the watches that you couldn't do that on, you have some equity, even if you sell yours at a loss.

8 December 2013, 05:47 AM	#44
shnxx "TRF" Member Join Date: Mar 2013 Location: Los Angeles Posts: 1,120	Sounds like a lot of u are against it but a lot of people lease or finance cars like Ferrari not because they cannot pay the cash up front but for other reasons. Doing the same thing for a watch seems a bit odd because people normally don't do this for a watch but i could see it being more widely accepted. I'm sure when auto financing first became available many said the same thing about it--those superficial poor idiots are paying monthly to buy something they can't afford. __________________ newb watch collector

8 December 2013, 11:45 PM	#45
77T 2024 SubLV41 Pledge Member Join Date: Dec 2010 Real Name: PaulG Location: Georgia Posts: 42,017	With proper residual values it might work. But the real problem is with repo's and insurance. With cars they can be found and repo'd much easier than watches - risk of loss is lower. With cars the lessor can demand continuous collision and comprehensive coverage to maintain residual value - no such insurance on watches, just loss coverage. The thing we might not realize is serial flippers are actually leasing anyway...in the sense they hold the item for a short period and just keep rolling any residuals into the next item. __________________ Does anyone really know what time it is?

17 December 2013, 02:30 PM	#46
LordNantucket "TRF" Member Join Date: Aug 2012 Location: Canada Posts: 53	Not sure the logistics would work on this one.. That being said, might be nice to have a piece for an extended test run. Sent from my iPhone using Tapatalk __________________ Let’s connect on IG! www.instagram.com/lordnantucket

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