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View Poll Results: Did you finance your rolex? | |||
Yes, I did. | 36 | 17.39% | |
No, I paid cash. | 171 | 82.61% | |
Voters: 207. You may not vote on this poll |
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23 April 2008, 11:36 AM | #61 |
Member
Join Date: Sep 2007
Real Name: Gil
Location: NC
Watch: Sea-Dweller
Posts: 432
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No brainer for me. Use someone else's money if you can. If you have interest-free financing for any length of time and it's a major purchase for you, use their money. But you better pay on time, every time, or they will default you and charge you a truly obscene interest rate, on the order of 24% APR. I have used these promotional financing deals many times even if I had the money to just write a check ... the interest I make on the money in the bank is worth it.
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23 April 2008, 11:46 AM | #62 | |
"TRF" Member
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Location: Annapolis, MD
Watch: Sea-Dweller 16600
Posts: 5,081
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Quote:
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23 April 2008, 11:48 AM | #63 | |
TRF Moderator & 2024 DATE-JUST41 Patron
Join Date: May 2005
Real Name: God
Location: Washington, D.C.
Watch: What do you think?
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Quote:
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23 April 2008, 12:01 PM | #64 | |
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Quote:
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23 April 2008, 12:01 PM | #65 |
Deregistered
Join Date: Jun 2007
Location: Vancouver
Watch: Rolex Datejust
Posts: 450
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Well I got into deep doo doo years ago by over extending myself in credit. Never again, I would rather go without than get into that position again!
A rolex is just a watch, made in the millions. It's not that special and certainly wearing one does not mark you out to be special or show that you have made it! Trust me if you hang out with the crowd that thinks wearing an expensive watch is a sign of worthiness you are on a slippery slope of extreme unhappiness! If you can't stretch to the Rollie at the moment then either save for one or aim a little lower in price( note, that does not mean you have to sacrifice quality) and have fun collecting something you can look at and know you own outright! Events that have happened to me over the past few months have shown me that nothing external that I have means anything without inner happiness, As much as I love watches they are nothing in comparison to feeling safe and secure, get that sorted then go get the fripperies of life, you'll enjoy them more, trust me! |
23 April 2008, 12:02 PM | #66 |
Banned
Join Date: Feb 2008
Location: Florida, Canada
Watch: Rol/Seik/Tud/Omega
Posts: 30,244
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I write a check.
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23 April 2008, 12:34 PM | #67 |
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Real Name: Mike
Location: Kentucky
Watch: 16610 1675 Speedy
Posts: 1,057
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I had the money to pay cash, but did a 6 month same as cash deal (0% INT).
If I didn't have the cash I would not have financed. Too many Murphy's out there.
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23 April 2008, 01:47 PM | #68 | |
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Location: Perth/Singapore
Posts: 1,764
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Quote:
ie. 0% interest on credit for 12mths. Now putting the cash in a term deposit earning the basic rate (6% in my case) and doing so for the duration until i get the bill in the mail asking me to pay up!
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23 April 2008, 02:11 PM | #69 |
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Real Name: Jason
Location: at home
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23 April 2008, 07:18 PM | #70 |
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Join Date: Jul 2005
Real Name: Adam
Location: Philly ‘burbs
Posts: 5,632
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I never financed a watch, usually pay via cash or check. If I do use my credit card, I pay the balance off right away.
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23 April 2008, 07:28 PM | #71 |
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Real Name: Vukota Brajovi
Location: Belgrade,Serbia
Watch: ing movies!
Posts: 3,812
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I really don`t know what to say,but the same thing as most of the members already said:cash rules!For me,at least...
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23 April 2008, 08:16 PM | #72 | |
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Real Name: Michael
Location: Melb, Australia
Watch: SS GMTIIC
Posts: 1,350
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Quote:
Do not buy on credit if you cannot to pay off the full amount in a very short space of time. Save the money, then pay cash. House, mortgage payments, family etc take priority over any sort of 'watch'. |
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23 April 2008, 09:11 PM | #73 |
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Join Date: Feb 2008
Location: U.K
Posts: 20
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beg, steel & borrow.... but never credit ;-)
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23 April 2008, 09:29 PM | #74 |
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Join Date: May 2007
Real Name: Jay
Location: Here n there
Watch: Sub
Posts: 1,641
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Yes, on credit cards in case I have problems but cash gives better discounts!
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23 April 2008, 10:10 PM | #75 |
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Real Name: Buz
Location: Atlanta
Watch: Rolex Tudor Pam
Posts: 5,108
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Pay cash. If they offer 0% financing ask for a comparable discount to the amount of interest not being charged. I hate trying to remember to make a payment. I like life as simple as possible.
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23 April 2008, 10:17 PM | #76 |
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Join Date: Sep 2007
Real Name: Bubba
Location: Bitsyville!
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Posts: 10,053
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The subject of credit now ranks right next to "are we in a recession" in terms of being controversial. As far as having a zero FICO (Fair Isaac Company) score just go to aaacredit.com and read the following.
"The bureau may have duplicate information. This causes reduced scoring. Why a zero score? Not enough credit, too much derogatory credit, or no activity of any kind in the last 6 months." |
23 April 2008, 10:27 PM | #77 | |
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Quote:
Save, work hard, and you will be wearing a crown of your own someday. And it will be even sweeter than you'll ever expect. Good luck, dP
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23 April 2008, 10:43 PM | #78 |
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Join Date: Dec 2006
Real Name: Darren
Location: Virginia, USA
Watch: GMT
Posts: 923
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0% for 12 months on my TT GMTIIc. Same price as cash. A no brainer.
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23 April 2008, 10:48 PM | #79 |
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Real Name: Brendan
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23 April 2008, 10:53 PM | #80 |
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Location: oklahoma city
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I'm with you guys who would rather save up and pay in cash. Gives you something to look forward to! Living debt-free gives me peace of mind that's worth more than anything I could buy on credit.
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23 April 2008, 10:58 PM | #81 |
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Thumbs down
Haven't and wouldn't.
Agree w/ other Replies here in that one shouldn't spend money they don't have on something of this nature. Further, I believe that working forward toward it brings more satisfaction; working after to pay for something you already have and is growing older brings resentment.
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24 April 2008, 07:12 AM | #82 |
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Location: FL
Posts: 201
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The problem is, if I save for two years, there will be two price increases likely. If I put on a 0% credit card with $1000 down, then if I have to sell, then I will probably not loose money.
PS my truck is paid for, so i have no car payment. |
24 April 2008, 07:21 AM | #83 |
"TRF" Member
Join Date: Sep 2007
Real Name: Bubba
Location: Bitsyville!
Watch: Blue YM today!
Posts: 10,053
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You have received good advice both for and against debt. If you have made up your mind just do it.
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24 April 2008, 08:28 AM | #84 |
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Join Date: Dec 2007
Real Name: Brad
Location: NC
Watch: Any Rolex
Posts: 378
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I've paid cash for every Rolex I've had. I can't see going in debt for a watch. I love 'em but I'm not going to make a watch payment to have one.
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24 April 2008, 09:01 AM | #85 |
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Watch: Submariner
Posts: 2,480
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It's a matter of semantics. If people have the cash and pay over time at 0% that doesn't count as "financing". If you don't have the money and put it on a CC at some interest rate, then hope to pay over time, then it is "financing". Two very different things.
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24 April 2008, 09:21 AM | #86 | |
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Real Name: Miguel Cornejo
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Watch: 116500LN
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Quote:
Rolex watches are a nice watch as many other watches and the fact that you can buy one shows jack shit about who you are or what you have achieved! Credit no credit, cash or food stamps! If you want one you will get one new or used and that's it! Since you have no Debt try and keep it that way! It is so nice not having debts! Save cash every month, put it on layaway use those 0% loans if you like en enjoy life! Is you do not have the cash right now you will soon and that will only mean you wanted it bad! not that you "made it in life"... please people!!!
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24 April 2008, 09:43 AM | #87 |
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yup like everyone here said if its 0% finance. than yes.
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24 April 2008, 10:49 AM | #88 |
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Real Name: Ron
Location: Alabama
Watch: Daytona,TT Sub,GMT
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Cash! Cash! Cash!
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24 April 2008, 11:07 AM | #89 |
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Real Name: Julio César
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Watch: Rolex LV
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The only right thing is never to pay interest on anything. If the store or the credit card doesn’t offer you an accommodated way with no interest to pay for the watch, don´t buy it. You pay with credit and your soul is theirs. Cash always and only if doesn´t intervene with your lifestyle: food, medics, and house.
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24 April 2008, 12:06 PM | #90 |
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Real Name: Dennis
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No, paid cash for all of them. A Rolex is a luxury item for me, and I could not afford to pay cash for one, I shouldn't own one.
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