Resale Value of a New SubC Date

[Bigsykedaddy]

Originally Posted by MariettaMike

Remember: The longer you hold the watch, the more you will lose on resale. If you are concerned about this purchase, see if the watch can be returned for a restocking fee, if not, cut your losses, sell while the watch still has its protection plastic still attached. We all have second thoughts after a purchase, the sooner you mitigate this issue the better.

I once bought an expensive sports car and after driving it for a week realized that I didn't like the color. I went to the dealer and asked if I could return the car for a dfferent color. I put less than 100 miles on the car. The dealer not only took the car back, he returned some of my money beacuse the car I chose was less equipped that the one I originally purchased.

That's a great business (IMO)

[RedwoodDweller]

I'll give you $6500 for it.

[JohnLT]

Originally Posted by beshannon

Just my .02 but financing luxury jewelry is never a good idea.

Good luck.

Why not? People finance luxury cars, whats the difference?

[JSolano305]

That is why I refuse to buy a Rolex watch RETAIL. Only watch I would buy retail if I could find one would be a Daytona. I can flip my 114060 or BLNR today for basically same price I bought it pre-owned. The 114060 was mint used for 5 months and the BLNR was basically new used for 1 month. If you are having buyers remorse return it. Move on with your life till next time.

[beshannon]

Originally Posted by JohnLT

Why not? People finance luxury cars, whats the difference?

There is no difference, they are both bad ideas.

[JSolano305]

Originally Posted by beshannon

There is no difference, they are both bad ideas.

I agree. Anything that you finance and depreciates is not good. Finance a house that goes up in value now that's

[Howie]

Originally Posted by JSolano305

I agree. Anything that you finance and depreciates is not good. Finance a house that goes up in value now that's

I agree completely, this is a great way to think about it.

[torifile]

Originally Posted by JSolano305

I agree. Anything that you finance and depreciates is not good. Finance a house that goes up in value now that's

It's not that clear cut. If you can get the same deal on the thing you're financing as you would have had you paid cash, getting 0% financing is a great way to go. The key is to remember that you've got to pay it off.

It's kinda like this - many of us would never balk at using a credit card that gets points for purchases as long as 1) you don't buy anything you wouldn't normally buy and 2) you pay off the bill in full every month.

[SeaAndSky]

You obviously wanted it. Keep it and enjoy it. It's a beautiful and rugged and mechanically elegant watch. Buying a Rolex for anything other than enjoying daily is silly in my opinion. So why even consider the resale value?

[JSolano305]

Originally Posted by torifile

It's not that clear cut. If you can get the same deal on the thing you're financing as you would have had you paid cash, getting 0% financing is a great way to go. The key is to remember that you've got to pay it off.

It's kinda like this - many of us would never balk at using a credit card that gets points for purchases as long as 1) you don't buy anything you wouldn't normally buy and 2) you pay off the bill in full every month.

Yes with 0% percent finance monthly payments is better. I rather have my cash in my pockets with 0% financing. I use 1 credit card like that. Charge everything groceries, shopping, restaurants, bar hopping, tolls, etc. I win reward points. When that bill comes end of the month I pay if off completely. No interest.

[904VT]

I say keep it since time is on your side with value. The initial hit will be the largest, but a Sub won't go much lower than that over the years.

[JP Chestnut]

Originally Posted by worldfamoussam

What would I get for it on here?

A guy with 60 posts? You're going to struggle to find a buyer unless it's below market value.

[doubles08]

Originally Posted by worldfamoussam

Hi guys,

I want to clarify the nature of my post. I can certainly afford this watch - the financing is an election with regard to the cash position I prefer as a self-employed man. I can also afford a $2,000 hit if I use the watch for a while and subsequently don't like it. I'm not upset that I paid retail - and the mortgage still gets paid.

I think my trepidation is that I've never had a rotation of watches and that this is so different from anything I've ever owned. I have a DD that I really enjoy and I'm wondering if the Sub will detract from my enjoyment in wearing that. I also have never owned an all-steel watch - my look tends to be yellow gold because it works well with my skin tone, so this is new to me. That's really it. I'm not having some sort of a meltdown - just came to nice people on this forum to help make a decision. I will play around this afternoon and let you all know what I ultimately decide. Thanks to all!

I have a humble Datejust and a showy Daytona. The Datejust makes me appreciate the Daytona even more. I know you've said you're returning it, but maybe a watch you like less could have helped you to appreciate your favourite watch.

[shoresguy]

If you don't mind the depreciation, why not wear it and see how you feel about it a few days later? I had the same feeling with I got my blnr at the dealer but it grew on me. Now it's my go to sports watch.


Sent from my iPhone using Tapatalk

[jaySL350]

Originally Posted by Mystro

This is a typical "buyers remorse" reaction for spending a uncomfortable amount of money they are not use to on a luxury watch. Pending on the OP's income should he relax and enjoy the watch since he never got a chance or return it if he can. The deciding factor is if loosing $1500 is signifigant to him. I think this is an income level and philosophy of life issue.

Nail on head Mystro,,,,
looking at a $7-$10 Rolex is very different to actually putting your money down and wearing it,,,,
Sounds like a " what if " issue and reality has hit,,,,,
" watch out for what you wish for " ,,,,
best of luck op,,,,,jay

[myc ritz]

Return. You can always buy for much less on the forum.

[JSolano305]

Originally Posted by myc ritz

Return. You can always buy for much less on the forum.

Exactly this. With prices from DavidSW or SohAIS I will never buy a Rolex watch retail at AD.

[JohnLT]

Originally Posted by beshannon

There is no difference, they are both bad ideas.

Originally Posted by JSolano305

I agree. Anything that you finance and depreciates is not good. Finance a house that goes up in value now that's

You realize millions of people finance things everyday that are liabilities?
Its the American way. I don't enjoy financing anything but I and most don't have 30k to buy a car. Good for you if your a 1%er