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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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Old 23 April 2008, 03:13 AM   #1
Smoak352
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Do any of you finance your rolex?

I want a rolex sub badly. I am 23, single, own a home and have no credit card debt. I do not have the cash to buy a Rolex right now, but do you think it is dumb to have one financed?
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Old 23 April 2008, 03:14 AM   #2
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Yes.
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Old 23 April 2008, 03:15 AM   #3
Smoak352
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Please explain why as well.
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Old 23 April 2008, 03:16 AM   #4
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Probably not a good idea!
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Old 23 April 2008, 03:16 AM   #5
Welshwatchman
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If you can get 0% finance on a Rolex SS sports model then it's not so bad.

Just make sure that you are not stretching yourself, that's all.
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Old 23 April 2008, 03:17 AM   #6
Smoak352
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Yes, 0% credit card.
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Old 23 April 2008, 03:19 AM   #7
ohsixx
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A local AD has no interest for 24 months. Look for something like that.
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Old 23 April 2008, 03:19 AM   #8
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I did for my GMT. If I save up the necessary scratch, its so much $$, I can't rationalise spending it on a watch once its saved up in a nice nest egg! If you buy with a credit card and then pay off the balance as soon as possible (ie in a few months, max) then that's that.

No accounting for logic I suppose..........

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Old 23 April 2008, 03:24 AM   #9
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Quote:
Originally Posted by Welshwatchman View Post
If you can get 0% finance on a Rolex SS sports model then it's not so bad.

Just make sure that you are not stretching yourself, that's all.
X2
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Old 23 April 2008, 03:26 AM   #10
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Personally i didn't finance my watch, and secondly if i did not have the money to buy something i wouldn't buy it.
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Old 23 April 2008, 03:28 AM   #11
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0% intrest is great.
I bought my SD for 18 month 0% and SS Daytona for 24 month 0%. (Got 21 more months to go on that one.)
Can't beat free $$.
Putting it on a Credit Card with high intrest is not a good idea.
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Old 23 April 2008, 03:28 AM   #12
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Quote:
Originally Posted by Smoak352 View Post
Yes, 0% credit card.
If its 0% and you can make the payments then its a no brainer.
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Old 23 April 2008, 03:55 AM   #13
ratmotortom
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I didn't finance mine, but if I had to finance one instead of not having one, I'd do it !
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Old 23 April 2008, 03:58 AM   #14
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I police myself, I don't buy on credit too easy to do crazy things like buy four watches at once.l
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Old 23 April 2008, 04:02 AM   #15
harvey
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i put 20% down and paid the rest on 12 months interest free credit. althought i had the cash to pay but why...when you have this offer? savings in the bank can earn you interest.

there is a marked difference between interest free credit and high percentage finance.
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Old 23 April 2008, 04:03 AM   #16
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Quote:
Originally Posted by toph View Post
Personally i didn't finance my watch, and secondly if i did not have the money to buy something i wouldn't buy it.
Same thing here. Call me old fashioned, but I save for things.
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Old 23 April 2008, 04:05 AM   #17
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If life has taught me one lesson it is this. If you don't have the spare cash to throw away on such items.....DO NOT FINANCE OR BORROW MONEY to get it.
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Old 23 April 2008, 04:05 AM   #18
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I have done both.
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Old 23 April 2008, 04:10 AM   #19
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Just make sure you put some money down. If something bad happens then at least you won't be negative if you have to sell. As long as you are responsible, credit is GREAT!
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Old 23 April 2008, 04:12 AM   #20
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Cash only. Simple rule of thumb:

If I can't afford, I won't buy it!!

And when I can afford it, I shall buy it!!
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Old 23 April 2008, 04:15 AM   #21
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X2!!!

Quote:
Originally Posted by toph View Post
Personally i didn't finance my watch, and secondly if i did not have the money to buy something i wouldn't buy it.
X2!!!
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Old 23 April 2008, 04:29 AM   #22
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Some things like family emergencies or being in a strange town with a broken down car merit putting things on credit. Aside from a mortgage and maybe an automobile, I couldn't justify putting such a luxury item as a Rolex on credit. I waited a long time to finally get mine and I purchased it with cash. No buyers remorse, just pure pleasure knowing that I was able to buy my Rolex free and clear. I enjoy it every day!
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Old 23 April 2008, 04:32 AM   #23
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Kudos for the most part...

Quote:
Originally Posted by Smoak352 View Post
I want a rolex sub badly. I am 23, single, own a home and have no credit card debt. I do not have the cash to buy a Rolex right now, but do you think it is dumb to have one financed?
Kudos to you. You have a home and no debt. Remember the later, "No Debt". Stay in the black, kid
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Old 23 April 2008, 04:37 AM   #24
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I financed my 16610 Sub...07 model Z series 0% interest for 24 months and $1200.00 down. Paid it off in 8 months......misson accomplished. I did pay cash for my first Datejust a 1603 and paid cash for my wifes 6917 Date and diamond bezel.
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Old 23 April 2008, 04:43 AM   #25
Jimbits76
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I finance my Rolex.

He often borrows twenty quid for a night on the town...comes back all covered in strange fingerprints and with the old hairline scratch...obvious signs of a good night.
I wait up until all hours worried about him, sleepless nights thinking if he is safe but he doesn't care. Not once has he ever paid me back!

My wife says it's time to let go, they all grow up and move on and it's my job to help him out with a little money here and there!

I don't know...sometimes I feel guilty about thinking...just at certain times....

Would an Omega have treated me in this manner?

J
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Old 23 April 2008, 04:50 AM   #26
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Cash only. I cannot justify using a cedit card for a luxury item I don't need.
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Old 23 April 2008, 04:51 AM   #27
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seems like it would be good investment 0% interest. Your not buying a car very little so it seems
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Old 23 April 2008, 04:57 AM   #28
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Quote:
Originally Posted by Smoak352 View Post
Please explain why as well.
You said it all in your original post. It's great that you have your own home, but I think you should be focusing on investing your money and amassing some wealth. A Rolex is a luxury item. If I was in your situation, I'd concentrate on getting a nest egg started. It'd be your smartest move.
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Old 23 April 2008, 05:06 AM   #29
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Actually, I charged it to get the credit card points. Then, I paid the entire balance off in cold hard cash (check).
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Old 23 April 2008, 05:09 AM   #30
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Quote:
Originally Posted by SeaDweller1220 View Post
0% intrest is great.
I bought my SD for 18 month 0% and SS Daytona for 24 month 0%. (Got 21 more months to go on that one.)
Can't beat free $$.
Putting it on a Credit Card with high intrest is not a good idea.
Me 2
I would never pay interest on a watch
free credit at an AD is the way to go IMO
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