If you want to buy a Rolex
- Thegreyman
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Re: If you want to buy a Rolex
^^^it's called section 75 protection, see linked article below, essentially yes pay at least £100 on a credit card and you are covered
https://www.moneysavingexpert.com/shopp ... purchases/
https://www.moneysavingexpert.com/shopp ... purchases/
Patrick
C60 Pro 300, C60 Sunrise, C63 Sealander Lucerne blue LE, C65 Dartmouth, W11 Amelia (wife), C63 Sealander (son)
Some others + a few on the way
C60 Pro 300, C60 Sunrise, C63 Sealander Lucerne blue LE, C65 Dartmouth, W11 Amelia (wife), C63 Sealander (son)
Some others + a few on the way
- Thegreyman
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Re: If you want to buy a Rolex
Back to the whole Rolex thing. The Rolex AD that I bought both my Sub and Tudor GMT from did not request any deposit, only required payment in full when I was picking up the watch and provided all warranty cards etc straight away.
I wouldn't be too keen on paying in full before the watch had a confirmed delivery date however section 75 would give some peace of mind.
I would expect having taken payment in full that the price would be confirmed at that level and not then subject to change, that would be normal in a business transaction in my view.
I agree it must be somewhat frustrating being a Rolex AD with all the enquiries for watches that they can't get their hands on. They deserve their 35% or whatever mark up there is, as they are only going to earn that on a low volume of sales (of the SS Sports Rolex models that they get supplied). As Neil says probbably more profitable to sell many more Omega, Breitling, Panerai or other high end models where you maybe give a bit of a discount but can still sell a decent volume and make a decent margin. The grey market prices show that there are decent margins on a lot of these brands for the high street AD.
I wouldn't be too keen on paying in full before the watch had a confirmed delivery date however section 75 would give some peace of mind.
I would expect having taken payment in full that the price would be confirmed at that level and not then subject to change, that would be normal in a business transaction in my view.
I agree it must be somewhat frustrating being a Rolex AD with all the enquiries for watches that they can't get their hands on. They deserve their 35% or whatever mark up there is, as they are only going to earn that on a low volume of sales (of the SS Sports Rolex models that they get supplied). As Neil says probbably more profitable to sell many more Omega, Breitling, Panerai or other high end models where you maybe give a bit of a discount but can still sell a decent volume and make a decent margin. The grey market prices show that there are decent margins on a lot of these brands for the high street AD.
Patrick
C60 Pro 300, C60 Sunrise, C63 Sealander Lucerne blue LE, C65 Dartmouth, W11 Amelia (wife), C63 Sealander (son)
Some others + a few on the way
C60 Pro 300, C60 Sunrise, C63 Sealander Lucerne blue LE, C65 Dartmouth, W11 Amelia (wife), C63 Sealander (son)
Some others + a few on the way
- Mr Broadside
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Re: If you want to buy a Rolex
You are correct. A non refundable deposit would most likely constitute an unfair contract term under the Consumer Rights Act 2015.
Re: If you want to buy a Rolex
In 1994 I was able to obtain a discount on a Rolex Explorer II (which I still own) from an Authorised Dealer (AD),
as I was paying in full (for cash). £1755 reduced to £1530.
As an aside. That AD had a six month old Explorer II in their shop window for £1200 the previous day. I didn't have the money
with me at the time, so decided to return the following day. To my disappointment, when I returned it had just been sold.
as I was paying in full (for cash). £1755 reduced to £1530.
As an aside. That AD had a six month old Explorer II in their shop window for £1200 the previous day. I didn't have the money
with me at the time, so decided to return the following day. To my disappointment, when I returned it had just been sold.
Aristo Vollmer Beobachter Automatic Chronometer
Rolex Explorer
Steinhart Ocean Military Vintage
Traser Automatic
Zeno Explorer
Rolex Explorer
Steinhart Ocean Military Vintage
Traser Automatic
Zeno Explorer
Re: If you want to buy a Rolex
Out of interest what does "jointly liable" actually mean in money terms? That the credit card company has to pay the whole amount in any circumstances? or they pay that bit that was on their credit card? any other option?hughesyn wrote: ↑Sat Feb 02, 2019 10:53 amAmazingly, if you use the credit card even for only part payment (over £100), the credit card company becomes jointly liable for the whole thing. Even if you pay the rest a different way.
EDIT - I was part way through writing the above so didn't see the link explaining credit card cover until after I posted. thanks.
Re: If you want to buy a Rolex
Err, things were a little different in 1994 even with Rolex watches so maybe a little irrelevant to purchasing 1 nowadays and what ADs want or don't want people to do?De Sisti wrote: ↑Sat Feb 02, 2019 12:44 pm In 1994 I was able to obtain a discount on a Rolex Explorer II (which I still own) from an Authorised Dealer (AD),
as I was paying in full (for cash). £1755 reduced to £1530.
As an aside. That AD had a six month old Explorer II in their shop window for £1200 the previous day. I didn't have the money
with me at the time, so decided to return the following day. To my disappointment, when I returned it had just been sold.
Re: If you want to buy a Rolex
Yes, I'm aware of that. Just letting people know that Rolex now have a stranglehold on distribution and nowadays, won't allow discounts. I have been told that if Authorised Dealers (ADs) give discounts they lose their AD accreditation. Happy to be corrected on that.
Aristo Vollmer Beobachter Automatic Chronometer
Rolex Explorer
Steinhart Ocean Military Vintage
Traser Automatic
Zeno Explorer
Rolex Explorer
Steinhart Ocean Military Vintage
Traser Automatic
Zeno Explorer
Re: If you want to buy a Rolex
Not all Rolex watches are the same, and not all AD's are the same.
Of the last three I have purchased, one was available ex-stock, one I had to wait a week for and the other took about a year. On one, I got a discount, and the other two were RRP. In all three cases I received small promotional items from the AD. I did not leave deposits, I always received the warranty docs and the stickers were removed in front of me.
Of the last three I have purchased, one was available ex-stock, one I had to wait a week for and the other took about a year. On one, I got a discount, and the other two were RRP. In all three cases I received small promotional items from the AD. I did not leave deposits, I always received the warranty docs and the stickers were removed in front of me.
Richard
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Re: If you want to buy a Rolex
I've heard similar comments. Feels very much like price fixing and anti-competitve tactics doesn't it.
Current collection incl Citizen, G-Shock, Rolex, Seiko, Sinn & Tag.
Chris
Chris
Re: If you want to buy a Rolex
I've cheekily asked for a Rolex golfing umbrella. They said they'd put one aside for me.
Aristo Vollmer Beobachter Automatic Chronometer
Rolex Explorer
Steinhart Ocean Military Vintage
Traser Automatic
Zeno Explorer
Rolex Explorer
Steinhart Ocean Military Vintage
Traser Automatic
Zeno Explorer
- Robotaz
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Re: If you want to buy a Rolex
That’s a painful illustration. Shame on that dealer. That’s rotten.StrappedUp wrote:^^^ agreed. That's a bit extreme considering they've supposedly got waiting lists as long as The Mall.
I can imagine ...
"Please sir, could I pass on the £5k luxury purchase I was supposed to make as I've unfortunately lost my job."
"I'm sorry Sir, but you'll just have to sell all your worldly possessions and stump up the additional £4k. Or move your family out onto the streets if needs be.
What else do you expect me to do with the watch?
Surely not ask the next person on the ever growing waiting list?"
@robotazky
Re: If you want to buy a Rolex
Not really.what-time-is-it wrote: ↑Sat Feb 02, 2019 3:29 pmI've heard similar comments. Feels very much like price fixing and anti-competitve tactics doesn't it.
Rolex - like any company - are entitled to specific the price their product sells at. It’s just the case that being the brand that keeps many ADs in profit, they can be more draconian & pushy in their contracts with ADs who take their product.
Why do you think ADs spend fortunes in bedecking their stores in identikit Rolex furnishing? Image.
Discounting isn’t ‘sexy’ - it isn’t in keeping with the ethos of ‘luxury’, scarcity, exclusivity, premium etc.
Hence why Burberry literally set fire to £90m of their own stock over five years, and Richmonte bought-back near £500m of their own watches, rather than see them fall into bargain bins & sales.
- hughesyn
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Re: If you want to buy a Rolex
C8 Pilot Mk II Vintage; C5 Quartz Mk II; C4 'Phoenix', C5 MMXV FLE, C7 Automatic Chronograph
- Amor Vincit Omnia
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Re: If you want to buy a Rolex
Probably a kind of strange inverse logic going on with me. The more I read about the company's strategies the less I find myself wanting to get on board and the more their products begin to lose appeal.
It isn't "sexy" (to my way of thinking at least) to **** about with people's aspirations and expectations (not to mention their hard-earned and then imposing ridiculous conditions re. warranty cards and stickers &c.) in order to create an aura of ultra-exclusivity.
They can go screw somebody else.
Steve
Linguist; retired teacher; pilgrim; apprentice travel writer
Take nothing but pictures, leave nothing but footprints, kill nothing but time
Avoid loud and aggressive persons; they are vexatious to the spirit. (Max Ehrmann)
Linguist; retired teacher; pilgrim; apprentice travel writer
Take nothing but pictures, leave nothing but footprints, kill nothing but time
Avoid loud and aggressive persons; they are vexatious to the spirit. (Max Ehrmann)
Re: If you want to buy a Rolex
^^^^^I think in reality the only people that Rolex are screwing are the other brands, who can only dream of having such a level of internet coverage to keep their brand at a level where they don’t have to beg customers to take a watch off their hands....
“Just off to check the stickers I carefully stored in the box, of a watch bought a few years ago, before Rolex ADs apparently started messing with customers and removing stickers, as a means of screwing the customer experience! ”
There are a few folk, who if they read the above sentence would realise the absurdity of all the anguish about stickers being removed. Who wears the stickers!
Neil
“Just off to check the stickers I carefully stored in the box, of a watch bought a few years ago, before Rolex ADs apparently started messing with customers and removing stickers, as a means of screwing the customer experience! ”
There are a few folk, who if they read the above sentence would realise the absurdity of all the anguish about stickers being removed. Who wears the stickers!
Neil
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