Anybody ever fail at negotiating?

[Softswerve]

I recently bought a yg datejust from a vintage dealer and I am happy with the watch but am really kicking myself for not even trying to negotiate. It was my first really big watch purchase and previous to that, I had a negative experience negotiating with another dealer for the same model, so fear kicked in, and I just agreed to the first price he put down. In retrospect, I probably could have respectfully asked for 5-10% off and saved a considerable chunk of $$$.

Anyway, just posting in hopes some of you have done something similarly dumb and felt like an unnecessary spendthrift at some point. Please tell me your stories and lessons learned so I don’t feel so bad!

[jb335]

Personally, I love negotiating and never miss a chance.

Where I live, there is a local law that requires grocery stores to charge ten cents for paper or plastic bags and I always ask for a discount, every time. Haven’t won that one yet, but I love trying.

You just got to get over that uncomfortable feeling.

Either way, don’t beat yourself up. I’m sure the money you could have possibly saved is not going to change your life and you are happy with the watch. So don’t worry about it.


Sent from my iPhone using Tapatalk

[jitdc]

I think that is always the plight of secondary market purchases. At retail it's usually a no brainer. But preowned, IMHO, the price is really subjective because it ultimately depends on the value you place on it and are willing to pay for it. In the end we all wish we could get a better deal though.

[Tridor]

If you don't ask, then you don't get.

[Vince M.]

You miss every shot you don't take. I always throw out my first offer super low with a jovial laugh ( as I am a big jokester ).

[Chewbacca]

I make offers throughout the Classifieds then hammer negotiations until sellers take 75% off.

Rolex owners always win.

[Guppydriver]

I'm married.

Every single day.

[Krash]

Originally Posted by Guppydriver

I'm married.

Every single day.

I was going to say the same thing. Lol


Sent from my iPhone using Tapatalk

[Harry-57]

I got 16% off my latest Omega in December 2022. I didn't bother asking for a discount on the blue Sky Dweller they sold me in July 2022. Maybe I missed a trick there but I doubt it.

I have received discounts on Rolex but not in 2021 or 2022. I ask if I think there's a possibility on a new watch. For a second hand watch I regard it as an essential box to tick and although I don't buy used watches often, I've always paid less than the advertised price.

If you are happy with your watch and you paid what you were prepared to (which is obviously the case), there's no reason to kick yourself. Just make a note to self for future reference.

[Mr Ben]

Originally Posted by Guppydriver

I'm married.

Every single day.

Lol - I was going to say practice on a kid. I try every day and it never works - it shows how effective a technique being stubborn, unreasonable, demanding and irrational really is!

[JSolution]

If you weren’t happy with the price you were paying at the time you wouldn’t of bought it- forget about it.

[aehaas]

Never for a watch but I have paid more than the advertised price a few times just because it was worth it to me.

Ali

[Wahlberg]

If you are happy with the price and the watch is correct, then who cares?

Would love to see that YG DJ!

[inadeje]

I never miss an opportunity to negotiate, in whatever acquisition situation it may be.

At Rolex ADs any attempt to negotiate is futile since around early 2019. However, I do recall being offered unsolicited discounts at ADs on Rolex previously.

I haven’t bought many watches from Greys, but on the occasions I have, I’ve used the multi-vendor low ball strategy. Essentially, it’s identifying a series of vendors of the same reference, entering a declared offer but also advising that the same offer has been made to X vendors and the first to acquiesce will gain the sale.

That strategy doesn’t work with niche watches, vintage, etc, since generally speaking it’s rare that several vendors have exactly the watch I seek.

[Softswerve]

Originally Posted by Wahlberg

If you are happy with the price and the watch is correct, then who cares?

Would love to see that YG DJ!

That’s the thing, I wasn’t really happy with the price but overspent on my own budget because of the previous negative experience. Now I’m fixated on overpaying / paying a premium and fear this is going to taint how I feel about the watch. Definitely my own rookie mistake! Hoping all these thoughts go away once I actually receive it.

[Softswerve]

Originally Posted by jb335

Personally, I love negotiating and never miss a chance.

Where I live, there is a local law that requires grocery stores to charge ten cents for paper or plastic bags and I always ask for a discount, every time. Haven’t won that one yet, but I love trying.

You just got to get over that uncomfortable feeling.

Either way, don’t beat yourself up. I’m sure the money you could have possibly saved is not going to change your life and you are happy with the watch. So don’t worry about it.

Sent from my iPhone using Tapatalk

Thank you. Great perspective. A big lesson learned to think more carefully about what I’m able and willing to pay on big purchases like this.

[MrGoat]

I will negotiate anything if I think the price is too high.

I have also paid more than the asking price for many items because I felt the asking price was way too low.

When I negotiate to buy I usually start within <5% of my number. If we don’t hit my number I walk. My number could be 5-50% lower than the asking price.

When I sell I look at all the comps and come with a number 10-50% lower depending on how attached I am to said item, condition, what I’ve got into it, etc. I rarely ever budge from my selling number.


Sent from my Apple privacy invasion product

[fskywalker]

Originally Posted by Guppydriver

I'm married.

Every single day.

Sent from my iPhone using Tapatalk Pro

[pk552502]

Think about it like this: You paid for a lesson and learned something. I learned a lot through purchasing a few watches as well. Mainly on what to look out for on case condition. Some knowledge comes with purchase experiences.

[BillA]

Live and learn, you will make up for it next time.

[beshannon]

I believe that some people believe "negotiating" means they get everything they want.

I know many people who want a deal that is 100% in their favor and often it is no longer about the purchase.

[Softswerve]

Originally Posted by pk552502

Think about it like this: You paid for a lesson and learned something. I learned a lot through purchasing a few watches as well. Mainly on what to look out for on case condition. Some knowledge comes with purchase experiences.

100%. What are you looking for on case condition now?

[DG123]

Originally Posted by Softswerve

I recently bought a yg datejust from a vintage dealer and I am happy with the watch but am really kicking myself for not even trying to negotiate. It was my first really big watch purchase and previous to that, I had a negative experience negotiating with another dealer for the same model, so fear kicked in, and I just agreed to the first price he put down. In retrospect, I probably could have respectfully asked for 5-10% off and saved a considerable chunk of $$$.

Anyway, just posting in hopes some of you have done something similarly dumb and felt like an unnecessary spendthrift at some point. Please tell me your stories and lessons learned so I don’t feel so bad!

Enjoy your new watch!

[NYG1121]

I live for negotiations whether it be watches, cars or any other big ticket item. But the key is being informed and knowing the market value of what you are trying to negotiate for (and what your own item is worth if trading). I have had estimates off by thousands every single time so you have to do your due diligence to protect yourself.

[Tools]

Failed at negotiating???

I don't waste precious time and energy looking backwards.

[Oystersteel92]

Sure, all the time when I was younger. Part of that was being less in control of my emotions, and part of it was constantly being in a state of financial weakness.

Now, neither of those is true. You have to be willing to walk away.

[train-time]

Congratulations on your new watch and welcome to the forum! Enjoy it and never look back.

[Boopie]

Originally Posted by JSolution

If you weren’t happy with the price you were paying at the time you wouldn’t of bought it- forget about it.

Totally agreed. There’s no point in carrying guilt around like that.

I always negotiate prices at antique shops, bring cash etc. so I’m used to doing that. I’ve negotiated the prices on all of my watches (including my only new one, which I bought from a grey dealer).

On the other hand, I just bought a half century old classic car sight unseen from the other side of the country, without even asking for any price reduction, the day it was listed. I recognized that the price was fantastic, from that seller. I have zero regrets.

Failing at negotiating means you paid too much for something, or you didn’t pay enough for something toy really wanted. I negotiated on a number of cars before I bought mine. If I’d paid more, I would have gotten a different car. But, my car is perfect for me. I don’t see any of the other negotiations as “failed.” You have to know when to walk away, too.

[Jari37]

Originally Posted by jb335

Personally, I love negotiating and never miss a chance.

Where I live, there is a local law that requires grocery stores to charge ten cents for paper or plastic bags and I always ask for a discount, every time. Haven’t won that one yet, but I love trying.

You just got to get over that uncomfortable feeling.

Either way, don’t beat yourself up. I’m sure the money you could have possibly saved is not going to change your life and you are happy with the watch. So don’t worry about it.


Sent from my iPhone using Tapatalk

Lots of wisdom in this post. Bravo

Sent from my MHA-L09 using Tapatalk

[WatchGuy1966]

How much do you love the watch?

Was it worth it?

Or will that little regret stay with you forever?

I think you see where I'm going here.... Forgive yourself and love the watch