0% financing from AD.is it worth it?

[fabini]

the AD offers 0% financing for 30 months. the catch is,no discount. should I or shouldn't I?? your thoughts??

[psv]

I much rather take a good discount.

[JayJ]

Sure, why not if a discount is not on the table.

[cop414]

I did 0% layaway on my Sub for 6 months and still got a decent discount, might pay to shop around. I generally won't finance a luxury purchase like that but it was a soon to be discontinued model and I wanted it nib and I didn't want to take possession of it until a certain date (my retirement) but in looking back I would have still done it without the discount.
My next Rolex pruchase(s) will be cash on the counter.

[liuk3]

What is the discount if you don't finance it?


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[Duey]

You're in Florida so look up DavidSW and get a great discount !

[brandrea]

I'd shop around, cash is king. If you don't need the financing it's a no brainer.

[fabini]

if no financing, there's a minimum discount(10%). I still find the 0% very attractive.

[Chute]

I'd say it's not a bad idea especially if you get a desireable model like a SS Daytona or BLNR, but if it was me, I'd put it in a safe and not wear it or remove the stickers until I paid it off. If you take the entire 30 months to pay it off there's a good chance another price increase will occur in the mean time so that's a quasi discount.

[Lpugliese]

I would only buy, if you could pay cash

[Mr. K]

sure why not. But I'd also have the cash first, just in my bank not the ADs

[kunlun]

Nope! Don't make luxury purchases like a watch on credit. Just save up, then find yourself a discount from a better AD.

[Tools]

Originally Posted by fabini

the AD offers 0% financing for 30 months. the catch is,no discount. should I or shouldn't I?? your thoughts??

It's up to you. If it's on a watch where little or no discount can be had, it's a good deal. If it's one where you could easily get a discount then you are paying for that 0%.

Some folks don't mind paying for their watch over time; it's convenient and doesn't take such a hit on the account at once.

[WS9D]

I did it. It's free money. Why fork out $13k of my money when I can drop it in my money market account and let it do something for me over 24 months, or in your case, 30 months. Just don't buy anything on credit you don't already have the cash for. That's when you get into trouble.

[Danny83]

I wouldnt you can get a deal right here on trf

[rebel_1]

I'm inclined to say no, although it's your deal. Just realize there is no such thing as 0%. Everything has a cost. In my business, 0% for 30 months probably cost 15% or so if not 20% of the deal.

[Watchgeek5000]

Your better off getting the watch for much less some place else, and paying the 5% or so interest on your regular credit card. You'll still be saving a lot of money!

[Case61]

Originally Posted by Duey

You're in Florida so look up DavidSW and get a great discount !

x2

[Prestige_Swiss]

good info on here

[eonflux]

Originally Posted by fabini

if no financing, there's a minimum discount(10%). I still find the 0% very attractive.

If you took the 30-month, 0% deal, could you make more than the 10% discount you would lose?

[dadonn2]

Sounds like Mayor's. I say it depends on the watch- the interest equivalent you're paying is the price difference between msrp plus tax and whatever the piece goes for from a trusted seller or discounted from an AD. Unless your dollars parked elsewhere are earning notable interest, in which case the equation gets a little more complex.

[Orange123]

0% credit card, get the discount and 0%...win win...assuming you get 0% credit cards in U.S.

[HogwldFLTR]

Originally Posted by Tools

It's up to you. If it's on a watch where little or no discount can be had, it's a good deal. If it's one where you could easily get a discount then you are paying for that 0%.

Some folks don't mind paying for their watch over time; it's convenient and doesn't take such a hit on the account at once.

Can't argue with this; sounds like sound advice!!!

[Gaijin]

I have done it. Just make sure that you pay it off before the what was it 30 months? If not they retroactively charge high interest back to day one of the loan .

[Ruud Van Driver]

When it comes to 0%, I would only do it if I had the funds in the bank. It's free money and I don't have to worry about putting my savings back. If it's a desirable piece with no discount, then go for it. However, as others have said, shop around and see if you can get the same reference elsewhere with a discount to be sure you're getting the best deal.

[colpol]

The main variable here is - do you have the cash & do you want to put it down ??

My brother bought a Omega Planet Ocean about 3.5 years ago on 36 months 0%.

10% down & 36 payments that after a while he probably barely noticed. If he'd put the full balance down - he'd have noticed !!!

I 0% my Kawaski KLR650 about 13 years over 2 years. They were offering a lot of OT at the time & that was my incentive to put my hand up. I reckon I paid for the bike via OT whereas I could have put the balance down\ been a lazy bas & not did the OT

Only you can say what works best for you

[dysondiver]

on luxury items ,,, dont spend what you dont have.

[Rashid.bk]

I'd do it, but depends on the watch. If it's a watch I can get discounted through a trusted seller, I'd rather that.
However watches like the BLNR and DSSD D Blue aren't being discounted enough to make a dent anywhere. You may save taxes but the peace of mind and possible relationship building with an AD make those savings insufficient for me.

I bought my BLNR with no discount, but it was sealed in a shipping coffin and I was the first person to touch it after the factory. The BLNR is getting a bit easier to find but the D Blue is still a bit difficult.

For a "normal" Rolex I'd go with a trusted seller for the savings if I had the money in hand. It might also be the better option if buying a high dollar precious metal watch, this way you're not taking that giant hit and can enjoy the watch today.

[Jari from Finland]

I myself wouln't buy a watch on hire purschase
even then if the rate is 0 %. 10 % discount while
paying with cash save your money with few hundreds
of dollars.

[1William]

It depends on the model and the metal. On a PM model the no interest does not work due to the large hit you will take in value as opposed to what you could see in discount. For SS models that are currently popular the numbers work better.