Buyers Remorse on BLRO purchase from dealer

[Xtralarg]

You need to look at the relevant consumer laws in your country, and the terms and conditions of the purchase. That's where you will find out solid information and then you can make a decision and speak to the dealer. Just make sure this decision is one which you are sure about.

[Tavli3]

Lets look at this equation.
You paid full gray market value for one watch, got paid less than full gray market value for another watch, no receipt plus angst from the wife = Return the watch!

[1kw]

I sent the dealer a text message (he gave me his cell phone number) . Let you know how he responds.

[train-time]

If I understand the transaction correctly, they sold you a BLRO that retails for $9250 and you gave them a check for $6800 and your TT GMT so you got $2450 trade for the GMT. I call this a leveraged transaction to obtain a highly sought after and difficult to obtain piece that has a significantly higher than retail value in the market. I have run into this type of "trade" on both the BLRO and SS Daytona at ADs in the last few months. It's becoming common practice to leverage the market value of hard to get pieces.

I also suspect that it is going to be a final sale with no returns or refunds so enjoy your new BLRO!

Bye the way, you titled the thread correctly: "Buyer's Remorse" and as others have said, lesson learned, move on and love your new watch!!

[kieselguhr]

Originally Posted by train-time

If I understand the transaction correctly, they sold you a BLRO that retails for $9250 and you gave them a check for $6800 and your TT GMT so you got $2450 trade for the GMT.

That’s another way of looking at it. Which technically means they didn’t sell it over MSRP but just scored big time by severely undervaluing the trade in value of the TT GMT. Ouch... That sucks OP. I hope things work out in your favor. At least you now know what it feels like and will refrain from repeating this in the future.

If you take out your wife’s feelings on the transaction from the equation, are you still regretting the purchase? It sounds like you were initially accepting of it. If so just keep the BLRO since you wanted it anyway and we’re willing to overpay for it.



AOW

[crazymcmichael]

I understand ur position good luck!

[MountEverest]

I have been in your situation before. I have been collecting watches for many years and my wife absolutely hates it. I own the BLRO and it is special watch. However, the premium you paid and the dislike by your wife will take away the brief enjoyment.

My recommendation is to return the watch.

[Rado63]

I don't really see any reason to be so concerned or ready to return, or stop payment or cause any scene here. You bought a GMT BLRO which is a rather in demand piece. The prices posted on the net are higher than what you paid for it. It appears you had no real connection to an AD and someone helped with a contact, and you got a BLRO for a reasonable price by secondary market terms. Just haven't heard of authorized rolex dealers in the US charging over MSRP, at least not yet, maybe this is the new normal.

[peterpl]

Originally Posted by train-time

If I understand the transaction correctly, they sold you a BLRO that retails for $9250 and you gave them a check for $6800 and your TT GMT so you got $2450 trade for the GMT.

When you put it like that it kind of even hurts more. Thinking someone got a 116713LN for $2400 is crazy crazy.

Since it was an AD they purposely didnt give you a receipt because they dont want a traceable way back to them that they are selling way above MSRP.

They may lose their Rolex AD status if word gets out. Thats why most sell to gray dealers directly and let the grays sell to the end customers then share the profit that way. Its less risky.

[Jamie1111]

Originally Posted by peterpl

When you put it like that it kind of even hurts more. Thinking someone got a 116713LN for $2400 is crazy crazy.

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[Rollie Gent]

Originally Posted by train-time

If I understand the transaction correctly, they sold you a BLRO that retails for $9250 and you gave them a check for $6800 and your TT GMT so you got $2450 trade for the GMT. I call this a leveraged transaction to obtain a highly sought after and difficult to obtain piece that has a significantly higher than retail value in the market. I have run into this type of "trade" on both the BLRO and SS Daytona at ADs in the last few months. It's becoming common practice to leverage the market value of hard to get pieces.

I also suspect that it is going to be a final sale with no returns or refunds so enjoy your new BLRO!

Bye the way, you titled the thread correctly: "Buyer's Remorse" and as others have said, lesson learned, move on and love your new watch!!

This...
Live and learn.

[skiahh]

Originally Posted by train-time

If I understand the transaction correctly, they sold you a BLRO that retails for $9250 and you gave them a check for $6800 and your TT GMT so you got $2450 trade for the GMT.

Yup, basically, you paid MSRP for the new watch and just GAVE the dealer your old one.

Originally Posted by Muxi

This. I am baffled why a few members seem to be averse with the solemn bond of a handshake. I always thought this was a universal principle.

Since when can personal or household circumstances justify extricating oneself from a perceived bad bargain? We are not kids.

No, we're not kids, but if I'm swindled, I don't feel it's a fair deal or any bond was created. And, in this case, the lack of a receipt shows something was not above board, so taking it back is not a problem here. With a receipt that shows the full deal, as agreed to? Different story, but that's not what transpired here and the dealer knew he was in shady territory here, I'm guessing, so took the watch back without fuss.

Plus, as someone already mentioned, now it's used and he can price it at market without having to hide anything... and even offer a receipt when he sells it!

[faimag]

If you changed your mind, try to return it although you may get hit by "restocking fees". Alternatively you can sell it! Unworn ones here go for at least as much as you got yours, if not more.

[joli160]

Your wife decides

[GJ-PGMTII]

Put a hold on the check - ?

Easiest path is to sell it hopefully you’ll make most of the premium back.


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[brandrea]

No offense intended but it sounds to me like your wife is the problem here.

Why does it matter to her?

You did the deal knowing the costs involved. Sorry, just trying to understand.

[1kw]

Originally Posted by brandrea

No offense intended but it sounds to me like your wife is the problem here.

Why does it matter to her?

You did the deal knowing the costs involved. Sorry, just trying to understand.

I think the real problem here is buyers remorse . The $6800 isn’t going to affect my life style, just feel it was a mistake . I’ll see how the dealer responds? He could take it back , he could say no. One thing I’m sure we won’t do is offer to lower the price as a compromise which would make me feel better .

[JDsnewwatch]

Seems like a lot of $ for a watch. In the end, do you like it? If you can make peace at home and enjoy the watch, I'd say keep it. If this is going to keep you up at night, sell it asap. You probably aren't getting your money and watch that you paid with back. I'd make a decision and move on.

Sorry you had a bad experience.

[beshannon]

Originally Posted by 1kw

Yesterday a friend was able to get a Rolex dealer he knows to sell me a brand new BLRO however I had to pay him $16,800 (trade two tone GMT $10,000 plus the rest in check). The problem is How much above retail I paid and the wife is not happy. The dealer put my name on the warranty card but he did not give me a receipt of sale but rather said he would email me an appraisal. Wife wants me to return it. My inclination is to return the watch today , thoughts? Do you think I should just keep the watch or return it ?

Why did you buy it?

[Neo_Anderson302]

I'm afraid they got rid of your old watch or will lie if you go for a return. This might be a life lesson.

[Watchflair]

Do you love the watch? If so move on.

You’re a big boy and you made a decision and a deal.

Yes it sucks to pay over retail but a lot of people do it all the time to skip the line and get the watch they want - honestly there’s nothing wrong with that. You paid market value - maybe a bit less.

If you got the watch you want - keep it and enjoy it and chalk it up to experience.

It’s not fair to ask the AD to take it back. Stickers are removed and your name is printed on the warranty card.


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[watchmework]

You made the deal because you obviously wanted the watch. Tell your wife to get over it and move on...maybe go buy her some flowers or something to make up for it

[amh]

Originally Posted by watchmework

You made the deal because you obviously wanted the watch. Tell your wife to get over it and move on...maybe go buy her some flowers or something to make up for it

This. Double down and get her a Rolex!

I don't think you'll have any luck with the dealer. If you really want to put this behind you perhaps sell it on the open market. Problem is whatever "value" you have in the deal will only get reduced with each transaction.

[Watcheroo]

Originally Posted by watchmework

You made the deal because you obviously wanted the watch. Tell your wife to get over it and move on...maybe go buy her some flowers or something to make up for it

Time heals all (watch) wounds

[dxbtousa]

Maybe wifey needs to come shopping with you next time to avoid buyers remorse on bad deals.

[1William]

I think when you talk to the AD this morning you should thank him for working with you and selling you a very hot watch that you love. This is only going to make a situation where you are feeling, an I emphasis "feeling", some remorse, worse. The remorse is over the money, not the watch. You went home and unloaded on the wife and she can not process the deal or the watch so now you have her on you. You are an adult who knowingly made a deal for a watch, great watch also, live with it. The numbers are not crazy for your trade and the watch you got. Wear it and enjoy it. Disregard the advice of going to Rolex or other action against the AD. This is the Rolex world we live in. If you handle this well with the AD you may actually get on a list for another watch you want and get it delivered. You are now a paying customer not just a tire kicker. Stop with the silliness, check your emotions and move on. And I almost forgot, wear your watch as it is great. Just my thoughts.

[Boaters]

Originally Posted by 1William

I think when you talk to the AD this morning you should thank him for working with you and selling you a very hot watch that you love. This is only going to make a situation where you are feeling, an I emphasis "feeling", some remorse, worse. The remorse is over the money, not the watch. You went home and unloaded on the wife and she can not process the deal or the watch so now you have her on you. You are an adult who knowingly made a deal for a watch, great watch also, live with it. The numbers are not crazy for your trade and the watch you got. Wear it and enjoy it. Disregard the advice of going to Rolex or other action against the AD. This is the Rolex world we live in. If you handle this well with the AD you may actually get on a list for another watch you want and get it delivered. You are now a paying customer not just a tire kicker. Stop with the silliness, check your emotions and move on. And I almost forgot, wear your watch as it is great. Just my thoughts.

Perfect

[HK Islandboy]

Originally Posted by 1William

I think when you talk to the AD this morning you should thank him for working with you and selling you a very hot watch that you love. This is only going to make a situation where you are feeling, an I emphasis "feeling", some remorse, worse. The remorse is over the money, not the watch. You went home and unloaded on the wife and she can not process the deal or the watch so now you have her on you. You are an adult who knowingly made a deal for a watch, great watch also, live with it. The numbers are not crazy for your trade and the watch you got. Wear it and enjoy it. Disregard the advice of going to Rolex or other action against the AD. This is the Rolex world we live in. If you handle this well with the AD you may actually get on a list for another watch you want and get it delivered. You are now a paying customer not just a tire kicker. Stop with the silliness, check your emotions and move on. And I almost forgot, wear your watch as it is great. Just my thoughts.

Very well put. Agreed!!

[2th_doc]

I once bought an IWC top gun. Hunted for a long time for it. (Discontinued). Found it and bought it from an AD. Couple days later the thrill had gone away. I returned it. However I was charged a restocking fee of like $1,000-$2,000. I think they had to send it back to IWC reissue warranty card I think. Not really sure. But Rolex is a different company. My situation was also different in that I couldn’t have sold that watch and broke even. You can sell this watch if you choose and break even. So its not so bad.

I think we all have made a mistake or two in this crazy watch collecting hobby of ours. Learn from it and move on.

https://www.watch-id.com/sightings/i...-bourne-legacy


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[peterpl]

Originally Posted by 2th_doc

But Rolex is a different company. My situation was also different in that I couldn’t have sold that watch and broke even.

Selling this now your never going to break even. Its now classified as used and go ask a gray dealer what they will pay you for a used BLRO. It wont be $16800 thats for sure.

Selling face to face is headaches you dont want.