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1259 · 31 July 2022, 05:24 AM

Is it common for ADs to require a deposit? How many of you have put down a deposit in the past? Did you find that you got your desired Watch quicker? What is a fair amount to require?

2loaded · 31 July 2022, 05:28 AM

ADs have their own rules as should you. Personally I don't give out free loans and will move on if asked to.

Bizcut1 · 31 July 2022, 05:41 AM

Quote:

Originally Posted by 2loaded

ADs have their own rules as should you. Personally I don't give out free loans and will move on if asked to.

DocHorton · 31 July 2022, 05:48 AM

A buddy of mine put down a $5k deposit about a year ago for a YG black dial Sub. He was promised he would receive it by the end of 2021. He still hasn't gotten it, Lol.

Foolish, IMO.

Bmats · 31 July 2022, 06:00 AM

I have no issues if I trust the place.

brucethemanlee · 31 July 2022, 06:09 AM

Depends on the AD

However if you’re putting it down at a smaller mom/pop local AD I’d be weary as Rolex has been culling their ADs. Who knows what will happen to the AD if Rolex pulls the plug. Usually the biggest money make for ADs is their Rolex distribution so if they lose that they may or may close up shop. What will happen to your deposit then?!?!

Just food for thought

Bxtek · 31 July 2022, 06:14 AM

Yeah, I've read some horror stories about deposits. One story I read, the guy left his deposit with them for over 1.5+ years. Watch never came, place lost their Rolex AD status and they had to refund his money. 100% interest free loan for the store!

I've also read a few where they pay for the watch fully in advance, thinking that it will help the delivery time. I think I remember one guy getting his watch just fine in a short amount of time. I'm not sure how the other ones turned out.

173rdabn · 31 July 2022, 06:38 AM

Not on your life. Why loan money for something you may not get and possibly lose the deposit. It's not like a special order one off.

omar10213245 · 31 July 2022, 06:49 AM

Not sure I'd call it a deposit, but I put down a $100 "placeholder" with my A.D. for the new Omega Aqua Terra when they start getting them in, which SHOULD be soon

joli160 · 31 July 2022, 06:55 AM

I don’t play these AD games ever.

mario1971 · 31 July 2022, 07:02 AM

My AD asked me for a 10% deposit when ordering a Daytona in white gold - that's the rules for gold Rolexes. They do not charge advances for steel ones.

Harry-57 · 31 July 2022, 07:08 AM

Depends on the seller and how much you trust them. I used to give my AD a small deposit if they requested it. They haven't asked me for one for years. I placed a small deposit on a Rolex I bought from a grey dealer to take it off display until I arrived to collected it.

If you're not happy to do it, don't.

Harry-57 · 31 July 2022, 07:08 AM

Depends on the seller and how much you trust them. I used to give my AD a small deposit if they requested it. They haven't asked me for one for years. I placed a small deposit on a Rolex I bought from a grey dealer to take it off display until I arrived to collected it.

If you're not happy to do it, don't.

mountainjogger · 31 July 2022, 07:27 AM

I could understand this practice in the past, but not in today's market.

Unless you are talking about an expensive precious stone encrusted Rolex, I there is no reason for a deposit, except as a free loan. If you don't take it, the next person will. Or they could put it in the display case and watch fights break out over it.

Rado63 · 31 July 2022, 07:51 AM

It depends on the brand. I would be unclear how any Rolex AD can take deposits today, because they can not order anything, and they don't know what inventory is coming and even if they do know what is shipping to them, how to fill multiple orders from multiple deposits?

S.Explorer · 31 July 2022, 08:23 AM

Quote:

Originally Posted by Rado63

It depends on the brand. I would be unclear how any Rolex AD can take deposits today, because they can not order anything, and they don't know what inventory is coming and even if they do know what is shipping to them, how to fill multiple orders from multiple deposits?

Indeed, many ADs refuse to take deposits.

SLWoodster · 31 July 2022, 09:25 AM

I have like $4-5k in deposits out right now. It does not mean you get the watch faster than the next "incoming". It should mean you get the watch faster than the next guy who asks though.

BUT WHO KNOWS?!

SLWoodster · 31 July 2022, 09:25 AM

I have like $4-5k in deposits out right now. It does not mean you get the watch faster than the next "incoming". It should mean you get the watch faster than the next guy who asks though.

BUT WHO KNOWS?!

russ86 · 31 July 2022, 01:25 PM

In the past I used to put down deposit all the time, 10% or 20% depending on a watch. Thus said in the past 2 years I didnt put a deposit on any watch, my main AD took down that option as well as other AD’s I buy from. Now they put your “interest” on a watch without any deposit options.

russ86 · 31 July 2022, 01:26 PM

Deleted

Moondoggy · 31 July 2022, 01:30 PM

Not a chance. Madness.

Frog7151 · 31 July 2022, 09:43 PM

My AD will not take a deposit. They are a regional chain jewelry store with stores in, VA, NC, and TN. The manager as well as several SA said Rolex distribution is controlled by HQ. They also said purchase history is not a factor in how HQ determines who gets a watch.

brandrea · 31 July 2022, 09:48 PM

Depends on the reference more so than the AD IMO.

I paid in full for a reference at the AD Basel event on May 1 2017. The watch was delivered a few days later on May 4. Otherwise, I’ve never paid a deposit on a watch.

brandrea · 31 July 2022, 09:49 PM

Depends on the reference more so than the AD IMO.

I paid in full for a reference at the AD Basel event on May 1 2017. The watch was delivered a few days later on May 4. Otherwise, I’ve never paid a deposit on a watch.

travisb · 31 July 2022, 09:53 PM

It's up to the AD.
In over 20 years of collecting I have never been asked for a deposit and they have always come through with what I wanted.

TheRtHonA · 31 July 2022, 10:06 PM

My wife and I paid a 20% deposit for matching turquoise oyster perpetuals as wedding gifts to each other. I think in this scenario it helped the store prioritise them and ensure we received them in time for the wedding.

amh · 31 July 2022, 10:29 PM

I would in a heartbeat if it guaranteed my position in the waiting list.

However I asked about this possibility and didn't even get a reply to my text.

Calatrava r · 31 July 2022, 11:47 PM

Quote:

Originally Posted by mario1971

My AD asked me for a 10% deposit when ordering a Daytona in white gold - that's the rules for gold Rolexes. They do not charge advances for steel ones.

Odd they feel the need to do that. They can sell all the PM pieces they can get at full MSRP, so what difference would it make if you do not take it.

wesdaniel · 1 August 2022, 02:17 AM

It depends on the watch and the scenario.

If you're putting in a deposit on a known shipment with a known arrival date in order to secure one piece of the shipment, fine.

If you're just giving them money in the hopes that they might attach your name to a watch without a known arrival date, no.

wesdaniel · 1 August 2022, 02:17 AM

It depends on the watch and the scenario.

If you're putting in a deposit on a known shipment with a known arrival date in order to secure one piece of the shipment, fine.

If you're just giving them money in the hopes that they might attach your name to a watch without a known arrival date, no.

31 July 2022, 05:24 AM	#1
1259 "TRF" Member Join Date: Jun 2022 Location: California Posts: 342	Deposit at the AD Is it common for ADs to require a deposit? How many of you have put down a deposit in the past? Did you find that you got your desired Watch quicker? What is a fair amount to require?

31 July 2022, 06:55 AM	#10
joli160 2024 SubLV41 Pledge Member Join Date: Apr 2013 Location: NL Watch: Yachtmaster Posts: 14,759	I don’t play these AD games ever. __________________ Day Date 18238, Yachtmaster 16622, Deepsea 116660, Submariner 116619, SkyD 326935, DJ 178271, DJ 69158, Yachtmaster 169622, GMT 116713LN, GMT 126711.

31 July 2022, 07:02 AM	#11
mario1971 "TRF" Member Join Date: Aug 2018 Real Name: Mariusz Location: Poland, EU Watch: Rolex/ALS/Chopard Posts: 2,656	My AD asked me for a 10% deposit when ordering a Daytona in white gold - that's the rules for gold Rolexes. They do not charge advances for steel ones. __________________ This is my opinion and I fully support it

31 July 2022, 07:27 AM	#14
mountainjogger 2024 Pledge Member Join Date: Aug 2010 Real Name: H Location: North Carolina Watch: M99230B-0008 Posts: 5,675	I could understand this practice in the past, but not in today's market. Unless you are talking about an expensive precious stone encrusted Rolex, I there is no reason for a deposit, except as a free loan. If you don't take it, the next person will. Or they could put it in the display case and watch fights break out over it. __________________ The King of Cool.

31 July 2022, 07:51 AM	#15
Rado63 "TRF" Member Join Date: May 2017 Real Name: Alan Location: Northern, CA Watch: 116334 Posts: 2,215	It depends on the brand. I would be unclear how any Rolex AD can take deposits today, because they can not order anything, and they don't know what inventory is coming and even if they do know what is shipping to them, how to fill multiple orders from multiple deposits? __________________ Rolex 116334 126600 228235

31 July 2022, 05:28 AM	#2
2loaded "TRF" Member Join Date: Jun 2016 Location: USA Watch: es watches Posts: 2,107	ADs have their own rules as should you. Personally I don't give out free loans and will move on if asked to.

31 July 2022, 05:48 AM	#4
DocHorton "TRF" Member Join Date: Jun 2012 Location: God Bless Texas Watch: Smurf, DD40, SkyD. Posts: 1,517	A buddy of mine put down a $5k deposit about a year ago for a YG black dial Sub. He was promised he would receive it by the end of 2021. He still hasn't gotten it, Lol. Foolish, IMO.

31 July 2022, 06:00 AM	#5
Bmats 2024 SubLV41 Pledge Member Join Date: May 2021 Location: East Coast Posts: 556	I have no issues if I trust the place.

31 July 2022, 06:09 AM	#6
brucethemanlee "TRF" Member Join Date: Apr 2016 Location: 1 of 13 Colonies Posts: 8,575	Depends on the AD However if you’re putting it down at a smaller mom/pop local AD I’d be weary as Rolex has been culling their ADs. Who knows what will happen to the AD if Rolex pulls the plug. Usually the biggest money make for ADs is their Rolex distribution so if they lose that they may or may close up shop. What will happen to your deposit then?!?! Just food for thought

31 July 2022, 06:14 AM	#7
Bxtek "TRF" Member Join Date: May 2018 Location: CA Posts: 2,636	Yeah, I've read some horror stories about deposits. One story I read, the guy left his deposit with them for over 1.5+ years. Watch never came, place lost their Rolex AD status and they had to refund his money. 100% interest free loan for the store! I've also read a few where they pay for the watch fully in advance, thinking that it will help the delivery time. I think I remember one guy getting his watch just fine in a short amount of time. I'm not sure how the other ones turned out.

31 July 2022, 06:38 AM	#8
173rdabn 2024 SubLV41 Pledge Member Join Date: Jan 2013 Real Name: George Location: Cape Cod Watch: 216570 Explorer II Posts: 2,422	Not on your life. Why loan money for something you may not get and possibly lose the deposit. It's not like a special order one off.

31 July 2022, 06:49 AM	#9
omar10213245 2024 SubLV41 Pledge Member Join Date: Jun 2020 Real Name: Omar Location: somewhere Watch: 126515LN (sundust) Posts: 1,309	Not sure I'd call it a deposit, but I put down a $100 "placeholder" with my A.D. for the new Omega Aqua Terra when they start getting them in, which SHOULD be soon

31 July 2022, 07:08 AM	#12
Harry-57 2024 Pledge Member Join Date: Apr 2018 Real Name: Harry Location: England Posts: 10,676	Depends on the seller and how much you trust them. I used to give my AD a small deposit if they requested it. They haven't asked me for one for years. I placed a small deposit on a Rolex I bought from a grey dealer to take it off display until I arrived to collected it. If you're not happy to do it, don't.

31 July 2022, 09:25 AM	#17
SLWoodster "TRF" Member Join Date: Apr 2019 Location: California Watch: GMT BLNR Posts: 1,513	I have like $4-5k in deposits out right now. It does not mean you get the watch faster than the next "incoming". It should mean you get the watch faster than the next guy who asks though. BUT WHO KNOWS?!

31 July 2022, 01:25 PM	#19
russ86 "TRF" Member Join Date: Mar 2018 Real Name: Ross C. Location: Miami, FL. Posts: 964	In the past I used to put down deposit all the time, 10% or 20% depending on a watch. Thus said in the past 2 years I didnt put a deposit on any watch, my main AD took down that option as well as other AD’s I buy from. Now they put your “interest” on a watch without any deposit options.

31 July 2022, 01:26 PM	#20
russ86 "TRF" Member Join Date: Mar 2018 Real Name: Ross C. Location: Miami, FL. Posts: 964	Deleted Last edited by russ86; 31 July 2022 at 01:26 PM.. Reason: reply was duplicated for some reason

31 July 2022, 01:30 PM	#21
Moondoggy "TRF" Member Join Date: Jan 2015 Real Name: Knackers Location: NI/Aust/USA Watch: and wait Posts: 3,299	Not a chance. Madness.

31 July 2022, 09:43 PM	#22
Frog7151 "TRF" Member Join Date: Mar 2022 Location: VA Watch: Looking Posts: 140	My AD will not take a deposit. They are a regional chain jewelry store with stores in, VA, NC, and TN. The manager as well as several SA said Rolex distribution is controlled by HQ. They also said purchase history is not a factor in how HQ determines who gets a watch.

31 July 2022, 09:48 PM	#23
brandrea 2024 SubLV41 Pledge Member Join Date: Jul 2013 Real Name: Brian (TBone) Location: canada Watch: es make me smile Posts: 78,097	Depends on the reference more so than the AD IMO. I paid in full for a reference at the AD Basel event on May 1 2017. The watch was delivered a few days later on May 4. Otherwise, I’ve never paid a deposit on a watch.

31 July 2022, 09:49 PM	#24
brandrea 2024 SubLV41 Pledge Member Join Date: Jul 2013 Real Name: Brian (TBone) Location: canada Watch: es make me smile Posts: 78,097	Depends on the reference more so than the AD IMO. I paid in full for a reference at the AD Basel event on May 1 2017. The watch was delivered a few days later on May 4. Otherwise, I’ve never paid a deposit on a watch.

31 July 2022, 09:53 PM	#25
travisb 2024 SubLV41 Pledge Member Join Date: Aug 2009 Real Name: Travis Location: FL / NYC Watch: Yes.. Posts: 33,493	It's up to the AD. In over 20 years of collecting I have never been asked for a deposit and they have always come through with what I wanted.

31 July 2022, 10:06 PM	#26
TheRtHonA "TRF" Member Join Date: Feb 2017 Location: London Posts: 111	My wife and I paid a 20% deposit for matching turquoise oyster perpetuals as wedding gifts to each other. I think in this scenario it helped the store prioritise them and ensure we received them in time for the wedding.

31 July 2022, 10:29 PM	#27
amh "TRF" Member Join Date: Oct 2008 Location: Tejas Watch: Various Posts: 5,082	I would in a heartbeat if it guaranteed my position in the waiting list. However I asked about this possibility and didn't even get a reply to my text.

1 August 2022, 02:17 AM	#29
wesdaniel 2024 SubLV41 Pledge Member Join Date: Dec 2011 Real Name: Wes Location: California Watch: Varies Posts: 1,347	It depends on the watch and the scenario. If you're putting in a deposit on a known shipment with a known arrival date in order to secure one piece of the shipment, fine. If you're just giving them money in the hopes that they might attach your name to a watch without a known arrival date, no.

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