How much discount on your rollies?

[rolexfan21]

Hey guys,
quick question because i was just curious...

How much discount did you guys get off the MSRP when you bought your rolex? Which Rolex was it? Did you guys buy it from an authorized dealer?
Used Brand new?

Just curious because I think this thread will help some people that are looking to purchase a brand new rolex... my understanding is that you usually get around 20-30% off the MSRP

[tag_addict]

10% is lucky for many

i get 20%
im aiming 25% for my next purchase or i wont buy :)

if youre in canada which i see you are
expect them to ball you at 10-15 unless you buy more
then 20. :) best of luck

[JJ Irani]

Originally Posted by vic_the_pro

Hey guys,
quick question because i was just curious...

How much discount did you guys get off the MSRP when you bought your rolex? Which Rolex was it? Did you guys buy it from an authorized dealer?
Used Brand new?

Just curious because I think this thread will help some people that are looking to purchase a brand new rolex... my understanding is that you usually get around 20-30% off the MSRP

If I tell you, Vic....I'll have to kill you!!

[rolexfan21]

Originally Posted by JJ Irani

If I tell you, Vic....I'll have to kill you!!

hahaha sounds like someone who paid full price for his blue sub

[JJ Irani]

Originally Posted by vic_the_pro

hahaha sounds like someone who paid full price for his blue sub

The price I paid would put HKG prices to shame!!

[TexasRolex]

About 30% off MSRP on the TT DJ. Brand new from a HK AD.

[Blue Bull]

Originally Posted by TexasRolex

About 30% off MSRP on the TT DJ. Brand new from a HK AD.

Excellent ! I got less 25%,but our list are MUCH higher,compared to HKG.

[kieran]

here in ireland/england im able to get easil 20 percent

[Fiwi]

I offered cash and can't get more than 5% on the Yacht-master I want. Texas Rolex, will your AD give 30% off on a Ladies YM?

[Blue Bull]

Originally Posted by Fiwi

I offered cash and can't get more than 5% on the Yacht-master I want. Texas Rolex, will your AD give 30% off on a Ladies YM?

TexasRolex got less 30% from an AD in Hong Kong.

[SeaGoer]

Originally Posted by Fiwi

I offered cash and can't get more than 5% on the Yacht-master I want. Texas Rolex, will your AD give 30% off on a Ladies YM?

5% is the standard "over the phone" discount. Visit another AD. You should be able to easily do 10% plus another 3% for a cash sale. If you have the time to drive around you could get a couple more % points off.

[Thurnau]

I also found that a new salesperson thinks that the price = the price. I asked for James once who has worked at that location for 15 years, and James was on his card. But upon asking for James (+Last Name)I forgot that they called him Jim and instead of bringing Jim they brought a young fellow named and called James. I was confused for a bit. But anyway James the new kid said that that is the price, there is no sale on them and there is no discount. The older man called Jim sold me my last watch with 15% off a DJ, and sold me my next on at the same 15% off. We later corrected the Jim/James Problem.

[robm]

I stopped by my local AD and asked what kind of (cash) discount they offered on a new president and they said zero. They said if they offered any discount they could lose their franchise. Probably be shopping elsewhere.

[SeaGoer]

Originally Posted by robm

I stopped by my local AD and asked what kind of (cash) discount they offered on a new president and they said zero. They said if they offered any discount they could lose their franchise. Probably be shopping elsewhere.

There is a right time and a wrong time to inquire about discounts. Only do it after you have demonstrated you are seriously considering buying the watch. If you do it while tirekicking dont be surprised if they say no.

[Blue Bull]

Originally Posted by robm

I stopped by my local AD and asked what kind of (cash) discount they offered on a new president and they said zero. They said if they offered any discount they could lose their franchise. Probably be shopping elsewhere.

I wonder if the ADs,dont use this to their advantage .. I cant(wont) give you any discount,BUT dont blame me,its not MY fault,Its Rolex,they will take away my Rolex franchise ......

No AD I have ever walked in, has used this line.Perhaps its Rolex USA specifically ? Anyone have heared these words outside of the USA from any AD ?

[mrbieler]

I've found the best way to get a decent discount is to factor in your head the $ you looking for and simply state, "I'm buying this watch. Either here or someplace else. If I put XXX on the table, do we have a deal?"

Be ready to open the wallet if they say yes. If they say no, I like to flash the cash and walk away. If they say yes and you walk away, don't expect any favors next time. $ talks and BS walks.

These guys get tire kickers every day. Why put out your best $ for that?

Done this for watches, guns, knives, and cars and if I've done my homework, rarely is the answer "no".

[Spencer]

Z-RO

[vh_bu98]

Originally Posted by vic_the_pro

Hey guys,
quick question because i was just curious...

How much discount did you guys get off the MSRP when you bought your rolex? Which Rolex was it? Did you guys buy it from an authorized dealer?
Used Brand new?

Just curious because I think this thread will help some people that are looking to purchase a brand new rolex... my understanding is that you usually get around 20-30% off the MSRP

I got 0% off MSRP for my LV that I bought brand new from an AD. I visited a few stores and 5% was the average discount in the Dallas area for the Rolexes that I was looking at.

If you can tell me where I can get 30% off for a brand new TT Sub from an AD, I'll be all over it.

[rolexfan21]

Originally Posted by vh_bu98

I got 0% off MSRP for my LV that I bought brand new from an AD. I visited a few stores and 5% was the average discount in the Dallas area for the Rolexes that I was looking at.

If you can tell me where I can get 30% off for a brand new TT Sub from an AD, I'll be all over it.

I know someone that got a Sub TT for a REALLY great price... AD too and brand new... paid 5000$ brand new! but that was a special occasion... sometimes its WHO you know not what you know... and I'm not too sure about the demand for the LV (that's the green one i think right?) but I called a store in Toronto and asked her about a few of the Rolex's and she told me OVER THE PHONE that she'd give me 20% discount on mostly all of the rolexs there... with the exception of a few daytonas etc... there are some watches that you just cannot bargain for.

[JJ Irani]

Originally Posted by vic_the_pro

I know someone that got a Sub TT for a REALLY great price... AD too and brand new... paid 5000$ brand new!

WOW!! Now that is a super-duper price!! Even my AD couldn't come anywhere close to that one!!

[rolexfan21]

Originally Posted by JJ Irani

WOW!! Now that is a super-duper price!! Even my AD couldn't come anywhere close to that one!!

but I think that was the dealer making NOTHING... it was sort of a personal gift/favor i guess. at least we know what the ultimate low price for that watch would be.... honestly... the more i look at these forums the more watches I want... Im thinking now blue sub, LV, daytona (if i can get a good price) or TOG. i donoooooooooo :) i want to take my time deciding because i want to be happy with this watch

[Blue Bull]

Originally Posted by vic_the_pro

but I think that was the dealer making NOTHING... it was sort of a personal gift/favor i guess. at least we know what the ultimate low price for that watch would be.... honestly... the more i look at these forums the more watches I want... Im thinking now blue sub, LV, daytona (if i can get a good price) or TOG. i donoooooooooo :) i want to take my time deciding because i want to be happy with this watch

Aaah,thinking Blue TT Sub ... I am biased,but I love this watch.Just a warning,this is not a discreet watch.People notice it.Have received more compliments on it in 3 weeks time,compared to nearly 6 years with the GMT II.Blue or black,the TT Sub,is a very nice design(Come to think of it,its obvious,thats the reason,I bought one ... ) Other personal favourites are the new TT GMT,the ss Sub and GMT.Expl I, a ss DJ with Romans/blue face and off course the DDs. Panerai 112 or 88 would go down VERY nicely ..

[dssxxxx]

Originally Posted by vic_the_pro

I know someone that got a Sub TT for a REALLY great price... AD too and brand new... paid 5000$ brand new!

Exactly what I paid...........in 2003. List: $6850.00, I think.

[vh_bu98]

Originally Posted by vic_the_pro

I know someone that got a Sub TT for a REALLY great price... AD too and brand new... paid 5000$ brand new! but that was a special occasion... sometimes its WHO you know not what you know... and I'm not too sure about the demand for the LV (that's the green one i think right?) but I called a store in Toronto and asked her about a few of the Rolex's and she told me OVER THE PHONE that she'd give me 20% discount on mostly all of the rolexs there... with the exception of a few daytonas etc... there are some watches that you just cannot bargain for.

Call a few ADs in Toronto and ask them if they have an LV in stock and if they would disount it. I'm curious how the Canadian market is with the LV.

The TT blue sub goes for $7800 USD and so far $7400 has been the lowest that has been offered to me. But I didn't wave a pile of cash in front of them either. If the Canadian ADs have good deals, I'll be in British Columbia this summer and may look for one. Although the currency exchange isn't hot and 14% in taxes pretty much makes me weary. My only other question is what are the prices in Canada? My LV was retail around $5500 USD so that's around $6470 CDN.

[Alcan]

Originally Posted by vic_the_pro

I know someone that got a Sub TT for a REALLY great price... AD too and brand new... paid 5000$ brand new!

Hmmm... that watch retails for $9,720.00 Cdn. Does this someone have an in with an AD? I'm looking for a Plat/SS YachtMaster for the right price.

[Prince Tudor]

WOW, it's a sellers' market in the States, eh?
As long as you show you mean business and are really prepared to buy you should be able to knock 15-20% off most in Canada.
Most of my experience has been with Tudors. I was able to knock off just over 25% on my last buy from an AD that I had never been to before.

[Prince Tudor]

When you include the crazy Canadian taxes, of course.

[Kris]

Originally Posted by vic_the_pro

Hey guys,
quick question because i was just curious...

How much discount did you guys get off the MSRP when you bought your rolex? Which Rolex was it? Did you guys buy it from an authorized dealer?
Used Brand new?

Just curious because I think this thread will help some people that are looking to purchase a brand new rolex... my understanding is that you usually get around 20-30% off the MSRP

I bought my SD from an AD in Yorkville, Toronto this past week. I checked a whole bunch of dealers for discounts on the following models;

16570
16600
16610
16610 LV - NO DISCOUNT - Not one single dealer would budge on this!
16710

3 Dealers were in the GTA and the 4th Dealer was in Ottawa.

Dealer #1: La Differance originally offered 20% on the above listed models and when I said I'd pay cash, they said 21%.

Dealer #2: Humbertown originally offered up 19%, but when I said I could get 19% at another AD in the Downtown area, they said they'd match that 19% and give me an additional 2% for 21% if I paid cash.

Dealer #3: Howards Fine Jewellery in Ottawa quoted me a discount of 15.9% even after I told them at the time I had a quote for 19% from an AD in Toronto.................go figure

Dealer #4: Royal De Versailles, the very first AD I went to on my quest for my first Rolex set the standard at 19%. After visiting Dealer #1, I walked into RDV and asked for the SD. The AD said she'd give 14%. I told her I could get 21% next door for cash. To show her my commitment to buying the SD from her exclusively and that I wasn't a tire-kicker, I pulled out 5 crisp $100 bills from and envelope and said I was prepared to give her a deposit. A couple of minutes and a brief conversation with the AD owner and it was official, I had a new Rolex.

I believe AD's in most cases CAN'T resist a cash deal. I was told that VISA/Mastercard (and other credit-cards companies) charge jewellers high transaction service costs as it's known in the industry that in most cases, the credit card companies don't recoup all the money from customer's that make expensive purchases in these kinds of stores. I had one person confirm that VISA takes something like a 4% bite out of the final price of the watch!

It benefits you if you pay cash as the dealer is more willing to split that 4% with you on top of whatever discount has been offered and I'm assuming also as most people tend to pay with a credit card in the first place (As no one is carrying around $6000 in cash in their wallet), whatever discount they give you is what they can give you on a credit card purchase.

As someone else mentioned here, when you've decided what watch you want, and what you are willing to pay, go to a dealer with some cash in your pocket for a deposit to show they you are committed, tell them what you want and that'd you'd leave a deposit if they accept your terms. This way you assure the AD you are no tire-kicker.

As for the Sub LV, I couldn't get the AD to give me a discount, however, when I was discussing this with her the first time around I didn't tell her I'd be paying cash for the watch. I never revisited the LV with her again, even when I was in the process of working a deal for the SD. I remember she was pretty stringent with sticking with the MSRP of $6,700 CAD so I figured with cash, maybe she'd give me 5%???????????

I think the only way you can get a 30% discount is if you've done lot's of business with the AD in the past and they value your business. Either that or you have some other connections. At 30%, I don't think the AD is making any money off the watch anymore.

There's enough AD's in the GTA and the surrounding area (Including Woodbridge & Oakville) where it's safe to say you could walk into anyone of them and be bold and ask for that 30% and see what they say. Either they laugh at you and ask you to leave or they give you a counter offer and you find a middle-ground. The dealer would want a show of good-faith from you that you're not just playing them on a rope with the other dealers and that's where the deposit comes into play.

Something to think about. This is what I got out of my experience with my SD.