Cold hard cash or is a Rolex just as good ????

[kandyman]

Well I am a bit of a nervous soul at the moment, I've got a few 0% loans for a car and a Rolex watch which seems like a good deal and idea at the time i took it out. But given the uncertainty around the economy and more recently work, I'm getting a bit concerned.

I've got some savings, but just wondering if i should get rid of the Rolex, and settle the loan for it. Or should I just keep the watch and service the loan..I mean a Rolex is good a retaining value right ???

Oh what to do.........advice any one ?

[Lion]

Keep the watch and sell the car. No seriously if you are paying no interest on the loan I would keep the watch and consider selling if your finances takes a dive!!!

[roach13]

You will never get back what you paid for the watch ...... never.

[chriseskew24]

Originally Posted by roach13

You will never get back what you paid for the watch ...... never.

Why do you have a crystal ball. He wount anytime soon but who knows what the future holds for his watch.. Most Rolex's sell for higher then you buy them for if you hold it long enough.

I would keep the watch for now. And if i had to let it go I woul when the time comes. You will defenantly take a hit on what you paid for it right now though.

[Mosco]

Originally Posted by roach13

You will never get back what you paid for the watch ...... never.

Absolutely wrong. Let's start with - how do you know what was paid for the watch? You can't make a blanket statement like that!

[Idle Swede]

Originally Posted by Mosco

Absolutely wrong. Let's start with - how do you know what was paid for the watch? You can't make a blanket statement like that!

Relax Greg, it's not the first time he makes them.

[Mosco]

Originally Posted by Idle Swede

Relax Greg, it's not the first time he makes them.

Leo,

Thanks for the info, my friend!
I know - certain folks just need to be ignored...

[cowincanada]

Originally Posted by Mosco

Leo,

Thanks for the info, my friend!
I know - certain folks just need to be ignored...

Greg, but its too much fun NOT to ignore them


Keep the watch, until you absolutely need to sell it. You're not losing money
on the 0% loan anyway.

[Welshwatchman]

Originally Posted by roach13

You will never get back what you paid for the watch ...... never.

I have, five times.

I suggest keep the payments going and keep the watch. Revue the situation if your circumstances change.

A Rolex will be easier to sell than most any other brand if and when the time comes.

[sexner]

Originally Posted by Welshwatchman

I have, five times.

I suggest keep the payments going and keep the watch. Revue the situation if your circumstances change.

A Rolex will be easier to sell than most any other brand if and when the time comes.

And I have also on three separate Rolex's.

[redshirt1957]

It's only a good deal if you can afford it, zero interest or not. If you have the resources to pay off the car(s) and watch at any time then no problem. If you had to borrow money because you did not have the funds, look around, there are many who made that mistake and are in deep trouble. Buy what you can afford and sleep well at night. I used to drive $1,500 cars and sure, people made fun of me. Now, I drive what I want.

[kandyman]

I am keener to keep the watch, I really do like it...and I did get a good discount with it plus the 0% loan. What the hell....you only live once. Enjoy and stop worrying I guess....:)

[Tools]

0% loans are generally pretty good because you can keep your interest earning capital and only let it go on a monthly basis..

This is only good if you are able to keep the payments up though.. If you are in over your head, then it was a bad decision from tlhe beginning and a lesson learned about stretching yourself too thin..

Hope that you can keep the watch... it is a lifetime investment.........You won't ever need to buy another watch..........

[mgm]

Originally Posted by kandyman

I am keener to keep the watch, I really do like it...and I did get a good discount with it plus the 0% loan. What the hell....you only live once. Enjoy and stop worrying I guess....:)

The only good thing about the current economy is that you can't be held responsible for making a stupid decision. Buy, sell, or hold 'em, no one knows what the future holds. You can sell and everything goes up, you can hold and everything goes down, and there's no way that anybody knows. So there's a bit of joy there.

[kandyman]

Thanks for the advice all...nice to have a take on peoples opinions. I can cover the repayments on the watch and car as I am still employed, but i guess when a company is making cut backs and people around you get nervous and have low morale...it's hard not to get affected. I do hope this economy picks up.....I was hoping the summer would have kick stated it more :) Oh well...I'll just keep my head down and try dodge the axe.

[Numismatist]

Given that you recently bought it (new I assume), then you'll most likely loose money selling it - so don't do it unless you really need the dough.

What did you buy?

[East Bay Rider]

I'm not smart enough to make interest $$ while paying on a 0% loan. I'd rather just save up and pay it all when I can afford to buy it than to have a loan. I guess I just hate paying bills.

[sakuraba]

Keep the watch, forget the car.

I know you guys have the MOT to worry about aside from registration and insurance not to mention repairs and maintenance, so why buy something that will continue to cost you money? Just my worth.

[Jimbits76]

I accept both watches and cash...

Send to:

Bitsy McBitz
Near the Queen and David Jones, Manchester
England
United Kingdom.



J

[Mosco]

Originally Posted by Jimbits76

I accept both watches and cash...

Send to:

Bitsy McBitz
Near the Queen and David Jones, Manchester
England
United Kingdom.



J

Jimbo, you're silly!!!

[sexner]

Originally Posted by kandyman

Well I am a bit of a nervous soul at the moment, I've got a few 0% loans for a car and a Rolex watch which seems like a good deal and idea at the time i took it out. But given the uncertainty around the economy and more recently work, I'm getting a bit concerned.

I've got some savings, but just wondering if i should get rid of the Rolex, and settle the loan for it. Or should I just keep the watch and service the loan..I mean a Rolex is good a retaining value right ???

Oh what to do.........advice any one ?

As Larry said you will not need to buy another watch.

If you can comfortably afford to service the loans without resorting to a diet consisting strictly of hot dogs and Kraft Dinner it would be wise to keep the Rolex.

Good luck