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Globule · 16 July 2016, 05:23 AM

I have decided to flip my 116234 for a yellow gold and stainless DJ, so I visited a branch of the AD from whom I originally purchased the watch, (and another Rolex for my wife), about sixteen months ago. Would you believe that I was offered a mere 40% of the price I paid from new against the new watch? Even the branch manager appeared horrified!

I would have been happier if they just admitted they did not want a trade.

They will be selling me nothing more.

MonBK · 16 July 2016, 05:26 AM

Sounds fair?

dysondiver · 16 July 2016, 05:28 AM

ive been looking at them of late ,,, they need a mark up , but that does sound low ,,,

Rags · 16 July 2016, 05:28 AM

You might do better with one of the trusted sellers here on the forum.

Globule · 16 July 2016, 05:28 AM

Quote:

Originally Posted by MonBK

Sounds fair?

Who for?

MonBK · 16 July 2016, 05:30 AM

Quote:

Originally Posted by Globule

Who for?

Them.

Globule · 16 July 2016, 05:35 AM

Living in the UK virtually precludes using trusted sellers. In any event I want to buy new. I have more irons in the fire yet, and in any event I will not be giving the watch away!

MonBK · 16 July 2016, 05:38 AM

Quote:

Originally Posted by Globule

Living in the UK virtually precludes using trusted sellers. In any event I want to buy new. I have more irons in the fire yet, and in any event I will not be giving the watch away!

Did you get a discount when you bought it?

Globule · 16 July 2016, 05:41 AM

Quote:

Originally Posted by MonBK

Did you get a discount when you bought it?

Oh yes. A very generous 5% on two watches!

ref1655 · 16 July 2016, 05:41 AM

Quote:

Originally Posted by Globule

Even the branch manager appeared horrified!

then he should have done something about it.

superdog · 16 July 2016, 05:42 AM

its not a great selling watch.

you have the right to not be happy, but:

if they offered you 40%. They can probably sell it at maybe 60-70%.

And they have the right to make some money as well. They have all their brick and mortar expenses that they have to pay.

I personally don't think it is insulting.

m1911a1 · 16 July 2016, 05:42 AM

Quote:

Originally Posted by Globule

I would have been happier if they just admitted they did not want a trade.

I have a feeling you'd still be upset.....
It's only business....especially on their part...
There may be a number of reasons they gave you the response/figures they did.
Too numerous to list here.....but I'll bet offending you was not on the list.

Think about this....
At 16 months the watch is definitely USED.
What would any end user pay for this watch right now? MSRP less 30%?
That means the AD has 30% for themselves in which they have to probably Service, then SELL.....
This means Inventory it for who knows HOW long before the first or hundredth prospect wants to shell out ANY money for it.....
If that happens for them relatively smoothly, they will make 20%~25%.

You are trading UP....which is good for all....
Do you think that was their final answer.....or would they reconsider?

Chadridv · 16 July 2016, 05:43 AM

It sounds insane but, 30-40% of MSRP is standard on AD trade in. I don't think you should feel insulted.

Globule · 16 July 2016, 05:44 AM

Quote:

Originally Posted by ref1655

then he should have done something about it.

Easy said but I was not prepared to argue the toss with someone who had no influence over the "deal". There are plenty of AD's who are prepared to go the distance. Clearly "loyalty" has no place in this AD's business plan.

Onikage · 16 July 2016, 05:44 AM

I'd be furious, then I wouldn't buy new from AD with a peey 5% discount so I probably wouldn't be actually.

m1911a1 · 16 July 2016, 05:44 AM

Quote:

Originally Posted by superdog

its not a great selling watch.

you have the right to not be happy, but:

if they offered you 40%. They can probably sell it at maybe 60-70%.

And they have the right to make some money as well. They have all their brick and mortar expenses that they have to pay.

I personally don't think it is insulting.

I agree!

WAK4 · 16 July 2016, 05:44 AM

Figure maybe at 20% hit for being used, then add 20% markup for them to sell. No, it doesn't feel good, but that's what seems to happen with dealers and trades which is why I try to sell on my own.

Good luck

m1911a1 · 16 July 2016, 05:46 AM

Quote:

Originally Posted by Globule

There are plenty of AD's who are prepared to go the distance

What would "the distance" mean to you? Another 10%?

superdog · 16 July 2016, 05:48 AM

Quote:

Originally Posted by Onikage

I'd be furious, then I wouldn't buy new from AD with a peey 5% discount so I probably wouldn't be actually.

The Libertine · 16 July 2016, 05:49 AM

Quote:

Originally Posted by superdog

its not a great selling watch.

you have the right to not be happy, but:

if they offered you 40%. They can probably sell it at maybe 60-70%.

And they have the right to make some money as well. They have all their brick and mortar expenses that they have to pay.

I personally don't think it is insulting.

I agree. The AD figured in the price they could resell at, and figuring in their profit, offered you the buying price. Sorry, but I don't really see it as insulting either.

Etschell · 16 July 2016, 05:49 AM

even rick from pawn stars would pay you more.

try a trusted seller here. maybe trade value is more. you are in the UK i see.

joe100 · 16 July 2016, 05:50 AM

That's probably about right.

The Libertine · 16 July 2016, 05:50 AM

Quote:

Originally Posted by Etschell

even rick from pawn stars would pay you more.

try a trusted seller here. maybe trade value is more. you are in the UK i see.

Private sales will net more than going through commercial vendor.

No different than if you sell a car to a dealer vs. selling it privately....

cda555 · 16 July 2016, 05:52 AM

Could you try selling it yourself? Maybe you could get more that way?

Globule · 16 July 2016, 05:53 AM

Watch this space ...

superdog · 16 July 2016, 05:54 AM

Quote:

Originally Posted by Globule

Watch this space ...

x 2

MonBK · 16 July 2016, 05:56 AM

x3 ^

brookish · 16 July 2016, 05:58 AM

I think it's rather obvious that they would offer this. They would probably spend a little on getting it polished, touched-up and then would like to make a profit. If you look at the second hand prices in such shops and realise they are making a profit then obviously they bought it for less than they are selling it for. I wouldn't be insulted, I would have asked them in the first place. Just sell it privately, you will gain much more (or lose less)...

Duey · 16 July 2016, 06:00 AM

Quote:

Originally Posted by superdog

its not a great selling watch.

you have the right to not be happy, but:

if they offered you 40%. They can probably sell it at maybe 60-70%.

And they have the right to make some money as well. They have all their brick and mortar expenses that they have to pay.

I personally don't think it is insulting.

Totally agree with Seth here -

Your AD can buy a new one from Rolex for about 36.5% off MSRP.
So offering you 40% off MSRP for your used one is more then fair ..

Ferdelious · 16 July 2016, 06:00 AM

My AD gives pretty good trade values but you have to spend 100% more than what they give you. And no discounts on the new piece. It probably all works out to be the same.

16 July 2016, 05:23 AM	#1
Globule "TRF" Member Join Date: Apr 2015 Real Name: G. L. O. Bule Location: UK Watch: out for snakes. Posts: 271	Insulted by AD I have decided to flip my 116234 for a yellow gold and stainless DJ, so I visited a branch of the AD from whom I originally purchased the watch, (and another Rolex for my wife), about sixteen months ago. Would you believe that I was offered a mere 40% of the price I paid from new against the new watch? Even the branch manager appeared horrified! I would have been happier if they just admitted they did not want a trade. They will be selling me nothing more. __________________ House guarded by Rottweiler three days a week ... guess which days.

16 July 2016, 05:28 AM	#4
Rags 2024 Pledge Member Join Date: Jan 2009 Real Name: Chuck Location: SW Florida Watch: 16233,16610,214270 Posts: 11,196	You might do better with one of the trusted sellers here on the forum. __________________ 16233 Y Serial Datejust 16610 Z Serial Submariner 214270 Explorer *114300 Oyster Perpetual* *76200 Tudor Date+Day*

16 July 2016, 05:35 AM	#7
Globule "TRF" Member Join Date: Apr 2015 Real Name: G. L. O. Bule Location: UK Watch: out for snakes. Posts: 271	Living in the UK virtually precludes using trusted sellers. In any event I want to buy new. I have more irons in the fire yet, and in any event I will not be giving the watch away! __________________ House guarded by Rottweiler three days a week ... guess which days.

16 July 2016, 05:42 AM	#11
superdog 2024 Pledge Member Join Date: Oct 2011 Real Name: Seth Location: nj Watch: Omega Posts: 24,834	its not a great selling watch. you have the right to not be happy, but: if they offered you 40%. They can probably sell it at maybe 60-70%. And they have the right to make some money as well. They have all their brick and mortar expenses that they have to pay. I personally don't think it is insulting. __________________ If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff)

16 July 2016, 05:44 AM	#15
Onikage "TRF" Member Join Date: Feb 2011 Location: England Watch: 16710, 16628 Posts: 7,757	I'd be furious, then I wouldn't buy new from AD with a peey 5% discount so I probably wouldn't be actually. __________________ GMT II 16710 TRADITIONAL ( D- Serial #) ROLEXFANBOY P-Club Member #4

16 July 2016, 05:26 AM	#2
MonBK Banned Join Date: Nov 2010 Location: Kingstown Posts: 58,279	Sounds fair?

16 July 2016, 05:28 AM	#3
dysondiver "TRF" Member Join Date: Jul 2010 Real Name: tom Location: northern ireland Watch: my fins Posts: 10,063	ive been looking at them of late ,,, they need a mark up , but that does sound low ,,,

16 July 2016, 05:43 AM	#13
Chadridv 2024 Pledge Member Join Date: Oct 2014 Real Name: Chadri Location: LI, NY Watch: 116610LV Posts: 11,357	It sounds insane but, 30-40% of MSRP is standard on AD trade in. I don't think you should feel insulted.

16 July 2016, 05:44 AM	#17
WAK4 2024 Pledge Member Join Date: Oct 2008 Real Name: Bill Location: NJ Watch: Always changing Posts: 4,172	Figure maybe at 20% hit for being used, then add 20% markup for them to sell. No, it doesn't feel good, but that's what seems to happen with dealers and trades which is why I try to sell on my own. Good luck

16 July 2016, 05:49 AM	#21
Etschell "TRF" Member Join Date: Dec 2013 Location: FL Watch: platinum sub Posts: 15,884	even rick from pawn stars would pay you more. try a trusted seller here. maybe trade value is more. you are in the UK i see. __________________ If you wind it, they will run. 25 or 6 to 4.

16 July 2016, 05:50 AM	#22
joe100 2024 SubLV41 Pledge Member Join Date: Nov 2007 Real Name: Joe Location: New Mexico Watch: Explorer Posts: 12,840	That's probably about right. __________________ It's Espresso, not Expresso. Coffee is not a train in Italy. -TRF Member 6982-

16 July 2016, 05:52 AM	#24
cda555 "TRF" Member Join Date: May 2016 Location: USA Watch: 126610LV and SMP Posts: 1,645	Could you try selling it yourself? Maybe you could get more that way?

16 July 2016, 05:53 AM	#25
Globule "TRF" Member Join Date: Apr 2015 Real Name: G. L. O. Bule Location: UK Watch: out for snakes. Posts: 271	Watch this space ... __________________ House guarded by Rottweiler three days a week ... guess which days.

16 July 2016, 05:56 AM	#27
MonBK Banned Join Date: Nov 2010 Location: Kingstown Posts: 58,279	x3 ^

16 July 2016, 05:58 AM	#28
brookish "TRF" Member Join Date: Jul 2015 Location: Europe Watch: Rolex Deep Blue Posts: 316	I think it's rather obvious that they would offer this. They would probably spend a little on getting it polished, touched-up and then would like to make a profit. If you look at the second hand prices in such shops and realise they are making a profit then obviously they bought it for less than they are selling it for. I wouldn't be insulted, I would have asked them in the first place. Just sell it privately, you will gain much more (or lose less)... __________________ __________________ Current collection: Rolex Sea-Dweller, Rolex Deepsea D-blue, Rolex 116613LB, Rolex Explorer II (black), Omega Speedmaster SS, IWC Ingenieur Chrono, Panerai PAM127, Panerai PAM328, Panerai PAM629, Panerai PAM217, Panerai PAM339, Panerai PAM341, Panerai PAM605, Panerai PAM376

16 July 2016, 06:00 AM	#30
Ferdelious 2024 SubLV41 Pledge Member Join Date: May 2013 Real Name: Matt Location: Tampa, FL Watch: Hulk/SD4K/SeaQ/P39 Posts: 3,203	My AD gives pretty good trade values but you have to spend 100% more than what they give you. And no discounts on the new piece. It probably all works out to be the same. __________________ Why is it, "A penny for your thoughts," but, "you have to put your two cents in?" Somebody's making a penny.

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