It would be virtually impossible to enforce a credit agreement if the debtor lived outside the UK. CW is right on this issue.
Robin
"Class A" and "Class B" CW customers?
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Re: "Class A" and "Class B" CW customers?
C9GMT C8 Mk 1 C5 Malvern 2011 C9FLE C50 Malvern COSC C60 FLE2012 2013FLE
Oris Big Crown, Hublot, Rolex Datejust, Nomos Tangomat.
See my book, Aynho Junction, in the News section of http://www.robinbarkerphotography.com
Oris Big Crown, Hublot, Rolex Datejust, Nomos Tangomat.
See my book, Aynho Junction, in the News section of http://www.robinbarkerphotography.com
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Re: "Class A" and "Class B" CW customers?
...let alone send round the 'heavy boys' to collect any unpaid debt! "I'm just off to Australia, need to collect £80 from a Bruce Minogue for his last payment on a C8 Flyer"robinbarke wrote:It would be virtually impossible to enforce a credit agreement if the debtor lived outside the UK. CW is right on this issue.
Robin
(The name "Bruce Minogue" is naturally a tongue in cheek comment, not meant to offend anyone)
C60 GMT (SOKKO)
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- DISJT
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Re: "Class A" and "Class B" CW customers?
I think it will lead to even more watch touts.
Can now buy up all the stock in the sale on 0% finance and return them if they don't sell after 30 days and not have to spend any more than the 20% deposit which you'll get back.
Can now buy up all the stock in the sale on 0% finance and return them if they don't sell after 30 days and not have to spend any more than the 20% deposit which you'll get back.
CHRIS
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Re: "Class A" and "Class B" CW customers?
This should be extremely obvious to everyone... why is this an issue?robinbarke wrote:It would be virtually impossible to enforce a credit agreement if the debtor lived outside the UK. CW is right on this issue.
Robin
Go on a vacation to any country other than your home and try to get a loan...
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Re: "Class A" and "Class B" CW customers?
I've not checked the t & c's, but I assume any finance is secured to the watch, so in theory you can only sell the watch or watches once the credit has been cleared off. If it's unsecured then no issues other than credit checks, eligibility, payments etcDISJT wrote:I think it will lead to even more watch touts.
Can now buy up all the stock in the sale on 0% finance and return them if they don't sell after 30 days and not have to spend any more than the 20% deposit which you'll get back.
It's not for me, but I'm sure it will help some genuine buyers get on the ladder.
Current collection incl Citizen, G-Shock, Rolex, Seiko, Sinn & Tag.
Chris
Chris
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Re: "Class A" and "Class B" CW customers?
Indeed. A good point. One person could tie up the entire sale stock by putting it into the basket and then awaiting credit approval. His buying power has, effectively increased fivefold.DISJT wrote:I think it will lead to even more watch touts.
Can now buy up all the stock in the sale on 0% finance and return them if they don't sell after 30 days and not have to spend any more than the 20% deposit which you'll get back.
Steve.
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Re: "Class A" and "Class B" CW customers?
Buying in bulk would only be a benefit in sales periods when the price is marked down say 50% - if you were buying multiples of the bronze Trident for instance you would only be able to use one voucher code, unless you made multiple applications which wouldn't be recommended.
If you buy in bulk in a sale, you also need to accept that perhaps the item has sold out by the time of credit acceptance and we also know website stock management can be poor.
In summary if you purchased lets say 20 items on HP, I'd be amazed if the order would go smoothly!
If you buy in bulk in a sale, you also need to accept that perhaps the item has sold out by the time of credit acceptance and we also know website stock management can be poor.
In summary if you purchased lets say 20 items on HP, I'd be amazed if the order would go smoothly!
Current collection incl Citizen, G-Shock, Rolex, Seiko, Sinn & Tag.
Chris
Chris
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Re: "Class A" and "Class B" CW customers?
Can that really be the case? If it can, that would mean we'd need to ensure that any CW we buy pre-owned is not under finance... and I have no idea how that's going to be done.what-time-is-it wrote:... but I assume any finance is secured to the watch, so in theory you can only sell the watch or watches once the credit has been cleared off.
I'm betting the credit debt is against the person, not the watch for one simple reason. CW take a 20% deposit, leaving 80% of the value outstanding. Yet CW have set the benchmark for used value at 30% off with their Nearly New pricing, meaning the value of the watch is immediately less than the value owed. That makes me think the debt is not secured against the watch...
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Omega Ω 11xSpeedy+14xSeamaster+4xConnie+DeVille
Cartier+2xPanerai+2xFarer+2xOris+Sinn+11xSeiko+ManyVintage
B&R+Halios+5xVisitor+TagH+6xTissot+2xZelos+4xCertina+more
Family12xCW+2xΩ+Cartier
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Re: "Class A" and "Class B" CW customers?
I've never purchased a watch on finance, but have seen plenty of other brand watch owners mention that it's finance clear and on some occasions even show the settlement letter on ebay.
I can't see anything on the CW website about what type of finance it is, but perhaps someone else can enlighten us?
I can't see anything on the CW website about what type of finance it is, but perhaps someone else can enlighten us?
Current collection incl Citizen, G-Shock, Rolex, Seiko, Sinn & Tag.
Chris
Chris
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Re: "Class A" and "Class B" CW customers?
Some interesting reading
https://www.jewelleryfinance.co.uk/#Poi ... llateral-4
https://www.closeretailfinance.co.uk/ho ... r-customer
https://www.jewelleryfinance.co.uk/#Poi ... llateral-4
https://www.closeretailfinance.co.uk/ho ... r-customer
WatchChat on Facebook
The friendliest watch group on Facebook chatting about our watch passion and whatever else happens to come up.
The friendliest watch group on Facebook chatting about our watch passion and whatever else happens to come up.
Re: "Class A" and "Class B" CW customers?
Same here, never purchased a watch on finance. And i am not planning to do so.what-time-is-it wrote:I've never purchased a watch on finance, but have seen plenty of other brand watch owners mention that it's finance clear and on some occasions even show the settlement letter on ebay.
I can't see anything on the CW website about what type of finance it is, but perhaps someone else can enlighten us?
I won't lend some money for a hobby, only for buying a house.
Frank
C5 Malvern slimline
C5 Malvern automatic Mk II
C20 LIDO
C5 Malvern slimline
C5 Malvern automatic Mk II
C20 LIDO