ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

ahoude23 · 6 October 2008, 09:27 AM

just curious, how do you pay for your watches, cash, finance, or combination? I'm trying to save the money to pay cash, but may get impatient and do half down/half payments. AD near me usually has no interest for 18 mth, could swing that if I can't wait.

Tools · 6 October 2008, 09:34 AM

I think that this is a matter of personal comfort..

I don't like to use credit for a luxury products like watches, vacations, etc., or anything that is perishable or consumable, such as dinners, groceries, etc.. although I do use a card and pay it off when the bill comes.

But.... payments over time for a Rolex, with no interest, can be a good value. At the end of the period, the watch is certainly still worth about what you paid for it, and your money was able to earn a small bit of interest before final payment..

Much as I love them, I don't believe that anybody should over-extend themselves for a watch though..

srl7741 · 6 October 2008, 09:34 AM

Cash, always.

Widows Son · 6 October 2008, 09:34 AM

Cash only for toys. I have heard of some AD's doing a same as cash for 12 months. If you were disciplined enough to put the correct amount of money away each month, and pay it off when you should, that wouldn't be a bad deal. otherwise, save until you can pay cash.

chicagowatchman · 6 October 2008, 09:35 AM

I put it on my AA miles mastercard then paid it off the next month.....mine as well get a free trip to go along with my Rolex!

Some ADs will offer up to 2 years interest free....but be careful they sometimes wont discount as deep, and if you miss a payment WACK you get for all past and future interest sometimes up to 21%

toph · 6 October 2008, 09:35 AM

cash. never used credit, never will

Bisquitlips · 6 October 2008, 09:39 AM

I bought mine on Amex to get the points /$$ and then paid it off immediately.

That .000000001% really helped!

redshirt1957 · 6 October 2008, 09:40 AM

Interest free is still debt and I do not believe in debt, especially on a luxury item. What looks likes a small monthly payment today sure changes when funds get tight. Miss a payment with your AD and see how nice they are. Save and buy with cash.

A lot here do not agree with me on this subject, so use your own judgement.

Troy · 6 October 2008, 09:43 AM

Cash

C. Davidson · 6 October 2008, 09:43 AM

Cash.

I can see the benefits to buying a Rolex with a no interest loan. Keep the money in a C.D. and get a 3% or 4% return on your investment.

Numismatist · 6 October 2008, 09:44 AM

Quote:

Originally Posted by C. Davidson

Cash.

I can see the benefits to buying a Rolex with a no interest loan. Keep the money in a C.D. and get a 3% or 4% return on your investment.

My kinda' thinkin'!

karmatp · 6 October 2008, 09:45 AM

I used to pay cash only but the last two went on my Disney Visa, when the bill comes I pay if off right away and score some sweet Disney dollars. I usually sell a watch after I buy another these day's, I can't justify having watches sitting in my drawer not being worn.

redshirt1957 · 6 October 2008, 09:52 AM

Quote:

Originally Posted by Numismatist

My kinda' thinkin'!

Sounds like me in the '80s when I was making good money as a CFP.

CKay · 6 October 2008, 09:53 AM

Buy with credit card with no interest 24 months payments. I deposit the cash in NZD earning 9.4% interest per year or about 18.8% in 2 years. Makes sense to me. It is like purchasing your Rolex at about 20% discount. If I was given a 10% discount for the watch, that would be a total discount of 30%. In addition, U will also get a 1000 dollars cash rebate for paying for the watch using the credit card. Not too bad at all!

CKay · 6 October 2008, 09:53 AM

Buy with credit card with no interest 24 months payments. I deposit the cash in NZD earning 9.4% interest per year or about 18.8% in 2 years. Makes sense to me. It is like purchasing your Rolex at about 20% discount. If I was given a 10% discount for the watch, that would be a total discount of 30%.

chopperboy · 6 October 2008, 09:58 AM

Debit Card Straight Out Of My Account! I'm Like A Few Others, Pay For It While I Can.......

toph · 6 October 2008, 09:59 AM

on second thoughts give me your credit card and i will show you

at7724 · 6 October 2008, 10:00 AM

cash is king.

MACRAME QUEENS · 6 October 2008, 10:00 AM

Wrote a massive check after very diligently saving for months. Credit is dangerous stuff.

Launch Mini · 6 October 2008, 10:03 AM

Just a thought.
If you have a mortgage or other debt, and you save cash for a watch instead of paying down debt, are you really paying "Cash" for your watch?
Just a thought.

Chozn1 · 6 October 2008, 10:08 AM

Quote:

Originally Posted by Launch Mini

Just a thought.
If you have a mortgage or other debt, and you save cash for a watch instead of paying down debt, are you really paying "Cash" for your watch?
Just a thought.

Good point. But then again, my house is paid for and don't have other debt either.

toph · 6 October 2008, 10:09 AM

Quote:

Originally Posted by Launch Mini

Just a thought.
If you have a mortgage or other debt, and you save cash for a watch instead of paying down debt, are you really paying "Cash" for your watch?
Just a thought.

fair point but,
Say you have a mortgage and you have your monthly repayments fixed for a term of say 25 years. You pay all your payments on time yet during this period you also manage to save up for a rolex and pay cash. I would say that is paying cash.

Chozn1 · 6 October 2008, 10:11 AM

Quote:

Originally Posted by toph

fair point but,
Say you have a mortgage and you have your monthly repayments fixed for a term of say 25 years. You pay all your payments on time yet during this period you also manage to save up for a rolex and pay cash. I would say that is paying cash.

Yeah, but you're still technically in debt. It's a valid point. Personally I wouldn't go borrow money against my house to pay for a Rolex, and most people would say it's not the same, but the fact is you're taking away money that could be applied to the debt of your home so...

I realize I'm the minority here, but I waited to purchase my last two Rolexes until the house was paid off. Was it fun? No. Did I pay cash? Yes, and it hasn't really bothered me since I don't have any other payments. Again, I realize this isn't popular, and I certainly wouldn't hold it against anyone to go get a Rolex when they have a mortgage as long as they aren't falling behind on it or getting 2nd mortgages or something. The home will in the long run appreciate, so if you're going to owe on something, that's the way to go.

toph · 6 October 2008, 10:16 AM

Quote:

Originally Posted by Chozn1

Yeah, but you're still technically in debt. It's a valid point. Personally I wouldn't go borrow money against my house to pay for a Rolex, and most people would say it's not the same, but the fact is you're taking away money that could be applied to the debt of your home so...

I dont have a mortgage either, but in this instance, seeing as there can be early repayment penalties etc, it is possile to say that you are paying cash as your mortgage is being paid at an agreed rate. BUT as you say, technically you are not as you could put this rolex money towards your debt.

tphan · 6 October 2008, 10:22 AM

My expensive watches are paid for with money I get from building Ford 302/351 cid engines. There are lot mustangs out there, and they all going fast.

Another words cash...never dip into the paychecks or cc.

Rockrolex · 6 October 2008, 10:22 AM

I use a charge card for everything. Technically, it's a credit card. But since I pay it in full each month, I am not carrying a credit balance. But I do get beaucoup miles each month which allows me the freedom to upgrade on long haul trips to Europe or the West Coast. To me that's worth it.

SLS · 6 October 2008, 10:24 AM

Cash

MrRetep · 6 October 2008, 10:24 AM

I dont pay for them

ratae1950 · 6 October 2008, 10:26 AM

Card for airline miles then immediate payment.

eric23 · 6 October 2008, 10:30 AM

Cash always!

6 October 2008, 09:27 AM	#1
ahoude23 Member Join Date: Jul 2008 Real Name: Andy Location: Michigan Watch: TAG Aquaracer Posts: 31	How do you pay for yours? just curious, how do you pay for your watches, cash, finance, or combination? I'm trying to save the money to pay cash, but may get impatient and do half down/half payments. AD near me usually has no interest for 18 mth, could swing that if I can't wait.

6 October 2008, 09:34 AM	#2
Tools TRF Moderator & 2024 SubLV41 Patron Join Date: May 2007 Real Name: Larry Location: Mojave Desert Watch: GMT's Posts: 43,515	I think that this is a matter of personal comfort.. I don't like to use credit for a luxury products like watches, vacations, etc., or anything that is perishable or consumable, such as dinners, groceries, etc.. although I do use a card and pay it off when the bill comes. But.... payments over time for a Rolex, with no interest, can be a good value. At the end of the period, the watch is certainly still worth about what you paid for it, and your money was able to earn a small bit of interest before final payment.. Much as I love them, I don't believe that anybody should over-extend themselves for a watch though.. __________________ (Chill ... It's just a watch Forum.....) NAWCC Member

6 October 2008, 09:35 AM	#5
chicagowatchman "TRF" Member Join Date: Jul 2007 Location: Chicago IL Watch: Platinum DDMasterp Posts: 1,983	I put it on my AA miles mastercard then paid it off the next month.....mine as well get a free trip to go along with my Rolex! Some ADs will offer up to 2 years interest free....but be careful they sometimes wont discount as deep, and if you miss a payment WACK you get for all past and future interest sometimes up to 21% __________________ Men's Platinum Day Date Masterpiece Men's 18k Day Date Crown Collection Men's Franck Muller 18k Conquistador Cortez Men's SS Cartier Pasha MEMBER # 5534 USA CHICAGO IL

6 October 2008, 09:35 AM	#6
toph "TRF" Member Join Date: Apr 2008 Real Name: ChrisTOPHer Location: Sydney Watch: Rolex, Brellum, Posts: 12,601	cash. never used credit, never will __________________ "Where no counsel is the people fall, but in the multitude of counselors there is safety." Member No.# 11795

6 October 2008, 09:39 AM	#7
Bisquitlips 2024 Pledge Member Join Date: Sep 2008 Real Name: Richard Location: USA Watch: YM Deep Space Posts: 12,521	I bought mine on Amex to get the points /$$ and then paid it off immediately. That .000000001% really helped! __________________ Rolex Yacht-Master 40mm (SS-YG / Deep Space MOP) 16623 Breitling Aerospace Titanium / 18K with UTC. Omega Speedmaster 3510.50 Oris TT1 Pro Diver Regulator 43MM

6 October 2008, 09:34 AM	#3
srl7741 Member Join Date: Sep 2008 Location: GMT-6 Posts: 126	Cash, always.

6 October 2008, 09:34 AM	#4
Widows Son "TRF" Member Join Date: Apr 2008 Location: Hudson Ohio Posts: 3,564	Cash only for toys. I have heard of some AD's doing a same as cash for 12 months. If you were disciplined enough to put the correct amount of money away each month, and pay it off when you should, that wouldn't be a bad deal. otherwise, save until you can pay cash.

6 October 2008, 09:40 AM	#8
redshirt1957 "TRF" Member Join Date: Sep 2007 Real Name: Bubba Location: Bitsyville! Watch: Blue YM today! Posts: 10,053	Interest free is still debt and I do not believe in debt, especially on a luxury item. What looks likes a small monthly payment today sure changes when funds get tight. Miss a payment with your AD and see how nice they are. Save and buy with cash. A lot here do not agree with me on this subject, so use your own judgement.

6 October 2008, 09:43 AM	#9
Troy Banned Join Date: Oct 2007 Real Name: Troy Location: Calgary, Alberta Watch: Tudor Sub. 7928 Posts: 1,275	Cash

6 October 2008, 09:43 AM	#10
C. Davidson "TRF" Member Join Date: Aug 2008 Real Name: Chris Location: WXSW Watch: GMT (116710) Posts: 2,723	Cash. I can see the benefits to buying a Rolex with a no interest loan. Keep the money in a C.D. and get a 3% or 4% return on your investment. __________________ -Cheers, Chris #15,634 "The heart of the discerning acquires knowledge; the ears of the wise seek it out."

6 October 2008, 09:45 AM	#12
karmatp "TRF" Member Join Date: Sep 2007 Real Name: Trevor Location: Arizona Posts: 5,740	I used to pay cash only but the last two went on my Disney Visa, when the bill comes I pay if off right away and score some sweet Disney dollars. I usually sell a watch after I buy another these day's, I can't justify having watches sitting in my drawer not being worn. __________________ My grails:

6 October 2008, 09:53 AM	#14
CKay "TRF" Member Join Date: Jul 2008 Location: Singapore Posts: 467	Buy with credit card with no interest 24 months payments. I deposit the cash in NZD earning 9.4% interest per year or about 18.8% in 2 years. Makes sense to me. It is like purchasing your Rolex at about 20% discount. If I was given a 10% discount for the watch, that would be a total discount of 30%. In addition, U will also get a 1000 dollars cash rebate for paying for the watch using the credit card. Not too bad at all! __________________ BLACK IS THICKER THAN BLOOD

6 October 2008, 09:58 AM	#16
chopperboy "TRF" Member Join Date: Aug 2008 Real Name: Matt Location: Florida USA Watch: Rolex Baby!! Posts: 442	Debit Card Straight Out Of My Account! I'm Like A Few Others, Pay For It While I Can....... __________________

6 October 2008, 09:59 AM	#17
toph "TRF" Member Join Date: Apr 2008 Real Name: ChrisTOPHer Location: Sydney Watch: Rolex, Brellum, Posts: 12,601	on second thoughts give me your credit card and i will show you __________________ "Where no counsel is the people fall, but in the multitude of counselors there is safety." Member No.# 11795

6 October 2008, 10:00 AM	#18
at7724 Banned Join Date: Jul 2008 Location: Home! Posts: 148	cash is king.

6 October 2008, 10:00 AM	#19
MACRAME QUEENS Banned Join Date: Aug 2008 Location: US Posts: 255	Wrote a massive check after very diligently saving for months. Credit is dangerous stuff.

6 October 2008, 10:03 AM	#20
Launch Mini "TRF" Member Join Date: Jan 2006 Real Name: John Location: Canada, eh Watch: can I? Posts: 6,240	Just a thought. If you have a mortgage or other debt, and you save cash for a watch instead of paying down debt, are you really paying "Cash" for your watch? Just a thought. __________________ Something witty to go here. Member # 293

6 October 2008, 10:22 AM	#25
tphan "TRF" Member Join Date: Mar 2008 Location: Dallas, TX Posts: 831	My expensive watches are paid for with money I get from building Ford 302/351 cid engines. There are lot mustangs out there, and they all going fast. Another words cash...never dip into the paychecks or cc.

6 October 2008, 10:22 AM	#26
Rockrolex TRF Moderator & 2024 SubLV41 Patron Join Date: May 2005 Real Name: God Location: Washington, D.C. Watch: What do you think? Posts: 37,969	I use a charge card for everything. Technically, it's a credit card. But since I pay it in full each month, I am not carrying a credit balance. But I do get beaucoup miles each month which allows me the freedom to upgrade on long haul trips to Europe or the West Coast. To me that's worth it. __________________ Despite the high cost of living, it's still very popular. *Tosser Cabinet Member* Official Member: 'Perpetual 30' Vegas International GTG 2016 Official Member "WIS-CON" Las Vegas International GTG 2017 Official Member "WIS-CON" Las Vegas International GTG 2018 Official Member "WIS-CON" Las Vegas International GTG 2019

6 October 2008, 10:24 AM	#27
SLS "TRF" Member Join Date: Aug 2006 Real Name: Scott Location: GMT -7 Watch: GMT's & Sub's Posts: 10,401	Cash

6 October 2008, 10:24 AM	#28
MrRetep "TRF" Member Join Date: Sep 2008 Real Name: Pete Location: Orange County, CA Watch: the Lakers Posts: 686	I dont pay for them

6 October 2008, 10:26 AM	#29
ratae1950 "TRF" Member Join Date: Jul 2007 Real Name: Peter Location: Cambridge Ma Posts: 2,331	Card for airline miles then immediate payment. __________________ Yunnoworameenmiduck

6 October 2008, 10:30 AM	#30
eric23 "TRF" Member Join Date: Apr 2008 Real Name: Eric Location: Calgary Posts: 9,595	Cash always!

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