Trading Watch Back in to AD?

[Mike V]

Hey guys - I'm thinking about trading my Panerai 164k out for a Rolex GMTIIc. Been going back and forth about if I really want to go for it or not. That being said, I was wondering if it's a possibility for me to bring my Panerai back to the AD that I bought it from a year ago and "trade it in". Is this a standard practice? Or am I crazy for thinking of it?

Any advice/suggestions would be greatly appreciated!

Thanks!

Mike

[Naples09]

Some will some will not. You need to ask the AD

[Mike V]

Originally Posted by Naples09

Some will some will not. You need to ask the AD

I'll definitely call in the morning to see what they say.

Anyone done this before? Is it worthwhile or would I be better served selling it here?

[Naples09]

more money if sold here

less risk if you trade it in at the AD

[MB7000]

I don't think it's a bad Idea, if it's truly a new watch you want, the only concern I would have is that the dealer will most likely not give too much for it in trade, at least that has been my experience.

either way good luck.

Remember the heart wants what the heart wants!

[Mike V]

Originally Posted by MB7000

I don't think it's a bad Idea, if it's truly a new watch you want, the only concern I would have is that the dealer will most likely not give too much for it in trade, at least that has been my experience.

either way good luck.

Remember the heart wants what the heart wants!

Thank you! I'm a bit torn at the moment. i love my Panerai, but I just don't seem to wear it very often. Maybe once a week. Feel like I would get more use out of a more traditional sport watch.

Wish I had endless funds to have more than a couple of watches at a time!!!!!

[ohfivepro]

We do a few trade-ins and straight purchases from customers. You'll get the least money by selling to a shop but it's immediate and you won't get conned. You'll normally get slightly more if you're trading in and you'll get the most cash if you sell privately, but there's much more room for problems (fake money, getting robbed, scammed etc)

If we buy a watch for £1000 it'll probably be sold for £1995 minus any refurb costs. If you sold it yourself you could get at least £1500 and the new buyer pays for a service. It's quite a lot of extra cash so you should probably consider a private sale 1st IMO.

[Mike V]

Originally Posted by ohfivepro

We do a few trade-ins and straight purchases from customers. You'll get the least money by selling to a shop but it's immediate and you won't get conned. You'll normally get slightly more if you're trading in and you'll get the most cash if you sell privately, but there's much more room for problems (fake money, getting robbed, scammed etc)

If we buy a watch for £1000 it'll probably be sold for £1995 minus any refurb costs. If you sold it yourself you could get at least £1500 and the new buyer pays for a service. It's quite a lot of extra cash so you should probably consider a private sale 1st IMO.

Thank you for the advice. I appreciate it very much.

[Shade]

Well as mentioned, some AD will do it, some don't.

Those who does it, usually will mark it at a lower price than you sell it yourself here. Since they will want to get profit out of it, and create a reasonable enough margin depending on the sales record for that particular model you're trading in.

I would be better off selling it here, but if you want easy and no hassle, trading it in with the AD wouldn't be a bad option.