Daytona-Bizzare trip to the AD today...

[TheVTCGuy]

I found this afternoon kind of strange... first off, I purchased my SS Daytona from my AD on February 1, so it's roughly 6 1/2 months old; (of course, I love it). It seemed to me, at least roughly scanning E-bay, that the SS was coming down in price a bit, maybe they were not as hard to get anymore .

Anyway, I am at the mall this afternoon and wonder in an AD to take a look at their Rolex case, (not the same one I purchased mine from). I ask to see the WG, with the meteroite dial. Beautiful watch and if Ed Mchmann shows up at my door telling me I won the publishers clearing house sweepstakes I'll go ahead and buy it, but honestly it's way out of my price range.

The manager of the store starts asking all kinds of questions about my SS, do I have the box? papers? can he check the serial # (which I let him do). He tells me if I buy the WG, he'll give me FULL retail on my SS as a trade-in! AND gave me a great price on the WG!!! About 6K off retail. I tell him I'll think about it, and 15 minutes later he calls me and offers me 10K for my Daytona! That's MORE then retail for a new one!

There's no way I could spend the money for the WG (or... could I?....) but I just found it strange an AD offering me more then retail for mine...

What do you guys think?

[frostie]

Now that is strange

I can't explain it

Maybe he wanted to get rid off the WG daytona ?

[MikeV]

Maybe he knows someone who is looking to buy an SS Daytona even if it's pre-owned. Being only a few months old, all he would have to do is give it a very light polish for hairline scratches and it would completely brand new and sell it for more than 10k. Torn. is selling preowned for 15-16k. Let's say he sells it for 12k, he still makes a profit from your watch and even with the discount, he still makes a profit on the WG Daytona.

[gmtobsessed]

Originally Posted by MikeV

Maybe he knows someone who is looking to buy an SS Daytona even if it's pre-owned. Being only a few months old, all he would have to do is give it a very light polish for hairline scratches and it would completely brand new and sell it for more than 10k. Torn. is selling preowned for 15-16k. Let's say he sells it for 12k, he still makes a profit from your watch and even with the discount, he still makes a profit on the WG Daytona.

Agree with this, which is

[walds11]

Well, if you could sell the SS Daytona at a good price and get a killer discount on the WG Daytona, then that's ok, as long as you could afford it.

[toph]

Originally Posted by MikeV

Maybe he knows someone who is looking to buy an SS Daytona even if it's pre-owned. Being only a few months old, all he would have to do is give it a very light polish for hairline scratches and it would completely brand new and sell it for more than 10k. Torn. is selling preowned for 15-16k. Let's say he sells it for 12k, he still makes a profit from your watch and even with the discount, he still makes a profit on the WG Daytona.

i think you are exactly right.

An AD selling a new rolex for over MSRP in my opinion is a definite NO NO- and i hate hearing these stories! But a pre-owned rolex he can sell for what ever he like as the watch was probably sold for MSRP originally- not saying its the right thing but i would deem it as acceptable.

[marshallr47]

I love my SS Daytona. If I could get a WG w/ meteorite dial for a great price, I would do it. What was he selling the WG Daytona for?

[SLS]

From what I know here in the US, AD's do not have the ability to check the watch against the Rolex lost & stolen list. So the fact that he asked for you serial # is really odd & a bit fishy IMO. As far as offering you a good deal on the WG Daytona, it has proabably been sitting for a while and they want to move it, 6K off plus 10K trade in is tempting though!
~Scott

[BigHat]

Really not that surprising. I got $13,550 in trade for a six month old SS Daytona. Of course, some of that has to be considered a discount on the replacement watch. Personally, I'd just consider everyting you get over $8,000 to be a discount on the WG model.

By the way, just getting $6K off on that watch alone is an excellent deal.

[tphan]

You let him check the serial number of your SS Daytona? you know the bracelet have to be removed correct?

I wouldn't have let an AD do that just because they want to see the SN. The lug could be scratched.

[CKay]

I understand that ADs are not allowed to sell preowned Rolexes. The hefty discount and high trade in price sounds too good to be true. Just walk away.

[GQGreek]

Originally Posted by tphan

You let him check the serial number of your SS Daytona? you know the bracelet have to be removed correct?

I wouldn't have let an AD do that just because they want to see the SN. The lug could be scratched.

The SN is in the chapter ring of the Z and M models.

[stevenshin]

He can move a SS easily. At 10K, he will make a profit on it, too. Think of all the people that walk in everyday asking about a SS Daytona. Even if he doesn't profit from it, but breaks even, he was able to move a WG that may have been there for a long time. A piece like that frees up a lot fo capital for the dealer to refresh their inventory.

[Chozn1]

Originally Posted by CKay

I understand that ADs are not allowed to sell preowned Rolexes. The hefty discount and high trade in price sounds too good to be true. Just walk away.

Uh, yes they can, and for whatever price they like. My AD has watch shows where all they sell is pre-owned inventory.

My money says they've had that WG for quite some time and want to unload it as others have said. The markup on anything gold with Rolex is enough to give them plenty of wiggle room. Toss in the fact that they've probably had it since before the price increase and you come up with a 6k discount.

[TheVTCGuy]

Originally Posted by marshallr47

i love my ss daytona. If i could get a wg w/ meteorite dial for a great price, i would do it. What was he selling the wg daytona for?

27k

[pricojorge]

i would give my left nut for a white gold daytona with a METEORITE dial

shit i would give all my watches right now, SD, Explorer, and Submariner

[dsimon9]

First, you should do what makes you happy. As long as it does not involve personal financial ruin. Having said this, keep in mind, he is offering you more than MSRP for the SS Daytona, while discounting the other watch. That should tell you something.

IMHO, keep the SS Daytona. Unless you prefer the Meteorite Daytona. Also chances are you will probably get a better price for the SS watch if you sold it independently and he would still discount the WG.

My $0.02 worth.

[Wolfgang427]

Originally Posted by TheVTCGuy

27k

At that price your not getting much of a discount on the gold Daytona. There's plenty of LNIB used WG-Daytona's at a much better price on the secondary market. I would pass on that deal.

[veilstylez]

Originally Posted by wolfgang427

At that price your not getting much of a discount on the gold Daytona. There's plenty of LNIB used WG-Daytona's at a much better price on the secondary market. I would pass on that deal.

x2 I've seen WG meteorite for 17k-19k at GMs

[TheVTCGuy]

Originally Posted by veilstylez

x2 I've seen WG meteorite for 17k-19k at GMs

Hey Veli, this sounds like a really good deal, think I could get the standard dial for even a little less? I'm in SOCAL myself and was wondering if you had some local contacts?

Everyone, thanks for the advice and info, I think I'm going to pass on the deal, I just don't have a good feeling about it. If anyone is interested E-mail me and I will give out the AD details.

[Z-Sub]

Originally Posted by TheVTCGuy

Hey Veli, this sounds like a really good deal, think I could get the standard dial for even a little less? I'm in SOCAL myself and was wondering if you had some local contacts?

Everyone, thanks for the advice and info, I think I'm going to pass on the deal, I just don't have a good feeling about it. If anyone is interested E-mail me and I will give out the AD details.

The lower priced items if I remember correctly were D serial going for about 19K, standard dial.
The cost basis for AD on a WG Daytona is 60% of MSRP. So a white gold standard dial would cost them about 18K and not even 20K for Meterorite dial. as mentioned, it was a move to get the WG out the door fast.

[veilstylez]

Originally Posted by TheVTCGuy

Hey Veli, this sounds like a really good deal, think I could get the standard dial for even a little less? I'm in SOCAL myself and was wondering if you had some local contacts?

Everyone, thanks for the advice and info, I think I'm going to pass on the deal, I just don't have a good feeling about it. If anyone is interested E-mail me and I will give out the AD details.

Hey Paul, I will ask my GM guy. He had one at like 18k or 19k brand new,but I think its gone. Its funny because he wanted to trade his meteorite straight up for the WG black dial one. So Im guessing its the same value there. But who knows. I'll give him a call and find out for you.