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LPT · 11 October 2011, 04:52 AM

Good afternoon, I have decided I would like to purchase a Submariner. The problem is, after much research, I still dont have a clue on what to pay.

I live in Alberta. I have visited a few Rolex dealer jewelry shops, and have noticed quite a difference in pricing from what I notice on this forum and on the net. 116610LN for 8400+$CAN and 16610 in the same stores for the same price. I feel that they are and can charge shoppers this as a result of ignorance.

So my questions is? how much should I be paying for a Sub 16610LN or a new 116610LN. What's fair?

I appreciate any insight. Thanks

imono · 11 October 2011, 05:12 AM

I would buy new from the Authorized Dealer.
Try to negotiate for 10 to 20% discount if possible.
Too many pitfalls to avoid for a beginner.
Buy from AD and you won't spend sleepless nights wondering what if the watch is not real etc.

Danand · 11 October 2011, 11:38 AM

Quote:

Originally Posted by imono

I would buy new from the Authorized Dealer.
Try to negotiate for 10 to 20% discount if possible.
Too many pitfalls to avoid for a beginner.
Buy from AD and you won't spend sleepless nights wondering what if the watch is not real etc.

For a first purchase I agree with the AD route. 116610's in Canada over the last year or so have been bought for between 10 and 30 % discount. I think if you can get 15-20 % you are doing well. (even 10% is ok- don't stress too much about it and you'll enjoy your watch regardless.).

Good luck.

Grissom · 11 October 2011, 05:20 AM

You can also consider buying from one of the "trusted" sellers here in TRF, such as justrolexes (tony), bodybump (oscar), mosco (greg) and davidsw (david) to name just a few....

Best of luck, and welcome to TRF and the addictive world of Rolex!

dddrees · 11 October 2011, 05:42 AM

Welcome to TRF.

Take your time, look around, and do some research. The AD route works for some, while purchasing from a trusted seller on TRF works for others.

The most important thing is that you buy the seller and make sure you get exactly what you are paying for.

threemonkeys · 11 October 2011, 10:53 AM

I bought my first Rolex from an authorized retailer. No stress and no hassle. Yes, take your and don't rush your decision.

brkanand · 11 October 2011, 11:06 AM

Welcome to TRF. Soon you will have gathered enough info to buy more than one! Post pictures once you buy. Good luck!

BarkMaster · 11 October 2011, 11:09 AM

Note to self: RTFT

blackmsport · 11 October 2011, 11:21 AM

Buy here from trusted sellers and save save save

snowbird · 11 October 2011, 11:37 AM

Members from Canada have talked about 30% discounts though I can't recall if that includes the Sub. You wouldn't get that kind of discount in the US but I understand prices are significantly higher in Canada so the higher discounting makes sense.

The number of dealers in your area is probably going to be important in influencing how much discounting there is.

GradyPhilpott · 11 October 2011, 12:31 PM

I bought my first Rolex when I was clueless, too.

Here's what's important.

Know how much you can afford going in.

Ask the salesman to show you the watches in that range.

Pick the one you like.

Don't worry about the one's that cost more than you can afford, because no sooner than you leave the store, you will already be plotting how to raise enough cash for the next one.

It is hard to make a mistake when you buy a Rolex.

eric23 · 11 October 2011, 12:54 PM

Welcome to the TRF!

RolexPete32 · 11 October 2011, 12:59 PM

Welcome. An AD is my suggestion with a 20% firm discount.

gwalker · 12 October 2011, 04:58 AM

I personally buy from an AD. If you research it you can get as good of a deal from an AD as a grey dealer and you don't have to worry.

Badgerblack · 12 October 2011, 09:19 AM

AD or trusted dealer. Any other route could be costly.

Regards,

Steve.

ducatidoc · 12 October 2011, 10:53 AM

At least take some comfort knowing that the model you're looking at is arguably the most iconic model in a line-up of otherwise iconic models. Translation: you can probably sell it very readily for close to what you paid if it doesn't satisfy.

11 October 2011, 04:52 AM	#1
LPT "TRF" Member Join Date: Oct 2011 Location: Alberta Posts: 1	How to buy my first Rolex? Im clueless Good afternoon, I have decided I would like to purchase a Submariner. The problem is, after much research, I still dont have a clue on what to pay. I live in Alberta. I have visited a few Rolex dealer jewelry shops, and have noticed quite a difference in pricing from what I notice on this forum and on the net. 116610LN for 8400+$CAN and 16610 in the same stores for the same price. I feel that they are and can charge shoppers this as a result of ignorance. So my questions is? how much should I be paying for a Sub 16610LN or a new 116610LN. What's fair? I appreciate any insight. Thanks

11 October 2011, 05:20 AM	#4
Grissom "TRF" Member Join Date: Oct 2010 Real Name: Nathan Location: US, Latin America Watch: GMT IIc 18K/SS Posts: 3,349	You can also consider buying from one of the "trusted" sellers here in TRF, such as justrolexes (tony), bodybump (oscar), mosco (greg) and davidsw (david) to name just a few.... Best of luck, and welcome to TRF and the addictive world of Rolex! __________________ *(Member NAWCC since 1976)* 116713LN GMT-IIc 18k/SS (Z) + 116520 SS Daytona (M) + 16700 GMT Master (A) + 16610LV Submariner (V) + 16600 Sea Dweller (Z) + 116400 Milgauss White Dial (V) + 70330N Tudor Heritage Chronograph Grey w/Black Sub Dials (J) + 5513 Submariner Serif Dial (5.2 Mil) Who else needs an Intervention? (109 297) (137 237) (73 115) (221) (23) (56) (229) P-Club Member #5 RIP JJ Irani - TRF Legend

11 October 2011, 05:42 AM	#5
dddrees "TRF" Member Join Date: May 2010 Real Name: Dan Location: USA Watch: This N That Posts: 34,253	Welcome to TRF. Take your time, look around, and do some research. The AD route works for some, while purchasing from a trusted seller on TRF works for others. The most important thing is that you buy the seller and make sure you get exactly what you are paying for. __________________ When it captures your imagination, that's when you know you have found your passion. Loyal Foot Soldier of The Nylon Nation. Card Carrying Member of the Global Association of Retro-Grouch-Curmudgeons

11 October 2011, 11:09 AM	#8
BarkMaster "TRF" Member Join Date: Jul 2009 Location: Texas Watch: 18078 YG DD Posts: 7,962	Note to self: RTFT __________________ BARK BARK BARK BARK BARK BARK BARK BARK BARK BARK BARK BARK

11 October 2011, 12:31 PM	#11
GradyPhilpott 2024 SubLV41 Pledge Member Join Date: Sep 2008 Location: New Mexico Watch: Seiko #SRK047 Posts: 34,460	I bought my first Rolex when I was clueless, too. Here's what's important. Know how much you can afford going in. Ask the salesman to show you the watches in that range. Pick the one you like. Don't worry about the one's that cost more than you can afford, because no sooner than you leave the store, you will already be plotting how to raise enough cash for the next one. It is hard to make a mistake when you buy a Rolex. __________________ JJ Inaugural TRF $50 Watch Challenge Winner

11 October 2011, 05:12 AM	#2
imono "TRF" Member Join Date: Jan 2010 Location: USA Posts: 3,241	I would buy new from the Authorized Dealer. Try to negotiate for 10 to 20% discount if possible. Too many pitfalls to avoid for a beginner. Buy from AD and you won't spend sleepless nights wondering what if the watch is not real etc.

11 October 2011, 10:53 AM	#6
threemonkeys "TRF" Member Join Date: Feb 2011 Real Name: Craig Location: Seattle-ish, USA Watch: GMTIIc, AK, LVc Posts: 7,022	I bought my first Rolex from an authorized retailer. No stress and no hassle. Yes, take your and don't rush your decision.

11 October 2011, 11:06 AM	#7
brkanand 2024 Pledge Member Join Date: Jul 2009 Real Name: DrK Location: India Watch: 4=YMDaytonaGMTHulk Posts: 7,052	Welcome to TRF. Soon you will have gathered enough info to buy more than one! Post pictures once you buy. Good luck!

11 October 2011, 11:21 AM	#9
blackmsport Banned Join Date: May 2009 Location: Melb - Australia Posts: 2,959	Buy here from trusted sellers and save save save

11 October 2011, 11:37 AM	#10
snowbird "TRF" Member Join Date: Sep 2009 Location: USA Watch: Sea-Dweller 16600 Posts: 2,157	Members from Canada have talked about 30% discounts though I can't recall if that includes the Sub. You wouldn't get that kind of discount in the US but I understand prices are significantly higher in Canada so the higher discounting makes sense. The number of dealers in your area is probably going to be important in influencing how much discounting there is.

11 October 2011, 12:54 PM	#12
eric23 "TRF" Member Join Date: Apr 2008 Real Name: Eric Location: Calgary Posts: 9,595	Welcome to the TRF!

11 October 2011, 12:59 PM	#13
RolexPete32 "TRF" Member Join Date: Dec 2008 Real Name: Peter Location: Canada Watch: You know... Rolex Posts: 1,520	Welcome. An AD is my suggestion with a 20% firm discount.

12 October 2011, 04:58 AM	#14
gwalker "TRF" Member Join Date: Jul 2011 Real Name: Gunter Location: AL/NJ Watch: DSSD; 116610LN Posts: 5,509	I personally buy from an AD. If you research it you can get as good of a deal from an AD as a grey dealer and you don't have to worry.

12 October 2011, 09:19 AM	#15
Badgerblack "TRF" Member Join Date: Dec 2010 Location: UK Posts: 11	AD or trusted dealer. Any other route could be costly. Regards, Steve.

12 October 2011, 10:53 AM	#16
ducatidoc "TRF" Member Join Date: Jul 2009 Location: the doc side Watch: zenith Posts: 3,779	At least take some comfort knowing that the model you're looking at is arguably the most iconic model in a line-up of otherwise iconic models. Translation: you can probably sell it very readily for close to what you paid if it doesn't satisfy. __________________ The payments remain long after the novelty has worn off. # 26371 NAWCC Member

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