Found 114060 Sub (preowned)

[mrcsatx]

I visited my local AD today during lunch and found that they had just received a black Sub no date 114060 that a frequent customer traded in on Friday. Apparently, hes a habitual trade in guy who likes to change it up often. Watch was purchased from this same AD in late November. So, he literally had it 1 month and traded it in. Looks to be in pristine condition, from my un-trained eye. Still has almost 5 yrs on Rolex warranty left. AD is selling at new MSRP.

Ive been dropping in almost every week to see if they had anything new, hoping to wait for a Hulk, but it looks like that may be a while. Thinking of picking this one up for MSRP and then trading in for Hulk or GMT if it becomes available. If anything, it helps me build a relationship with this AD.

Thoughts? What should I ask or be careful of when buying a pre-owned Sub?

Thanks in advance..

[HogwldFLTR]

Ask yourself do you really want the watch. There is literally no issue associated with buying a two month old watch from an AD other than price. In today's market they are free to charge what they want on formerly owned watches.

[Bxtek]

If you like the ND Sub, I would say go for it. It's basically new, or as close to new as you're going to get pre-owned. This would definitely be a good hold over until your Hulk or GMT arrives.

[RHIII]

Originally Posted by HogwldFLTR

Ask yourself do you really want the watch. There is literally no issue associated with buying a two month old watch from an AD other than price. In today's market they are free to charge what they want on formerly owned watches.

^^^this 100%


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[Seibei]

Leave it for someone who really wants it.

[burnthesehills]

I think an AD selling a used Sub for full retail is a bit lame regardless of the market. But that’s just me.

[42itus]

I would be careful if you buy it without the intention of keeping it. If you trade it in you will lose a few hundred at best. Well, in my opinion anyway. And if you lose say$500 after 3 months, was that worth it to build a relationship? And I’m just throwing numbers out there, I don’t typically buy and sell so I’m not qualified to say how much or how little you will lose.
Good luck.


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[1WatchDawg]

If you really want it and like it, go for it. If not pass and let someone else have it.It's a great piece in any collection and you really can't lose, try and negotiate the tax.

[Ticknaway]

Try and find out the customers name and buy his next watch before he trades it in! LoL

[rlrobson08]

Originally Posted by mrcsatx

I visited my local AD today during lunch and found that they had just received a black Sub no date 114060 that a frequent customer traded in on Friday. Apparently, hes a habitual trade in guy who likes to change it up often. Watch was purchased from this same AD in late November. So, he literally had it 1 month and traded it in. Looks to be in pristine condition, from my un-trained eye. Still has almost 5 yrs on Rolex warranty left. AD is selling at new MSRP.



Ive been dropping in almost every week to see if they had anything new, hoping to wait for a Hulk, but it looks like that may be a while. Thinking of picking this one up for MSRP and then trading in for Hulk or GMT if it becomes available. If anything, it helps me build a relationship with this AD.



Thoughts? What should I ask or be careful of when buying a pre-owned Sub?



Thanks in advance..

Sure. The AD is making a hell of a living on this watch.

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[Chiboy]

Originally Posted by Ticknaway

Try and find out the customers name and buy his next watch before he trades it in! LoL

Hahahahaha! Great idea. I guess buying this watch would get you their name on the warrantee card!

[IllCommunication]

Buy and wear. Trade when the Hulk comes if you can. No issues with a 1 month old watch I wouldnt imagine but you can have them check. Sounds like a good plan if you can swing it.

[burnthesehills]

Originally Posted by IllCommunication

Buy and wear. Trade when the Hulk comes if you can. No issues with a 1 month old watch I wouldnt imagine but you can have them check. Sounds like a good plan if you can swing it.

Yeah but the AD may low ball him with the trade value.

Why not just save your cash and get on a waiting list for the Hulk?

[mrcsatx]

Originally Posted by Ticknaway

Try and find out the customers name and buy his next watch before he trades it in! LoL

This is exactly what I told the AD. Lol..

Thanks all for the responses.

I'm going to go for it. Bird in hand.....

[woof]

No brainer.... should get it

[NoVaSubowner]

Originally Posted by burnthesehills

I think an AD selling a used Sub for full retail is a bit lame regardless of the market. But that’s just me.

Have you seen what the greys are selling lnib 114060’s for? Pretty much full retail.


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[Nairn1980]

Originally Posted by burnthesehills

I think an AD selling a used Sub for full retail is a bit lame regardless of the market. But that’s just me.

For full retail is a great price.
Here in the UK it would be at least £1,000 over retail

[sportsmaven20]

Originally Posted by woof

No brainer.... should get it

Agree 100%...I just saw a 6-month old 114060 in St Thomas last week and they wanted $8800 USD for it, so MSRP ($7500 USD) is a very fair deal!

[Sublovin]

So you are buying a watch you don’t really want, knowing you will trade it in at a loss as soon as possible??
Sounds silly...No

[Ducati796]

I traded in a two month old 114060 towards my SD43. Just a few months ago. I would absolutely have bought that 114060 if I was someone else. Warranty still there, watch was in PERFECT condition and I wore it all the time and advised AD that watch was +\- a half a second. Of the 5 ive had not one of them ran better than that sub. I miss it but wouldnt buy it back. Point is....quite possible to get a womderful piece

[blue997]

Seems like an okay deal to me if you actually intend to keep it long-term, but I bet the watch is gone by now :-P

[Chilly Coconut]

Originally Posted by Ducati796

I traded in a two month old 114060 towards my SD43. Just a few months ago. I would absolutely have bought that 114060 if I was someone else. Warranty still there, watch was in PERFECT condition and I wore it all the time and advised AD that watch was +\- a half a second. Of the 5 ive had not one of them ran better than that sub. I miss it but wouldnt buy it back. Point is....quite possible to get a womderful piece

Except that he’s planning to trade it as soon as what he really wants becomes available. At which point, he’ll realize a loss on the watch. How does that make any sense?

[Chilly Coconut]

Originally Posted by Sublovin

So you are buying a watch you don’t really want, knowing you will trade it in at a loss as soon as possible??
Sounds silly...No

This, 100%. Man, Rolex really has peoples’ heads all kinds of messed up these days.

[Carondelet]

Originally Posted by burnthesehills

I think an AD selling a used Sub for full retail is a bit lame regardless of the market. But that’s just me.

I completely agree. On GP I wouldn't buy that watch. Pre-owned is not new, and I'm in the camp of people that don't pay over retail for a luxury item.

I can understand this behavior with a Grey Market Dealer - it's how they make money. With an AD though, I think it's an extremely dishonest practice to sell a new and pre-owned watch at the same price, especially when it was a watch they sold only recently.

Regardless of my personal feelings about that situation though, I think that it might not be in your best interest to buy the watch unless you're going to hold onto it. You'll likely lose money on your trade-up to the Hulk.

On the flip side though, you can think of it like wearing a 'loaner watch' for $X (where X is the difference between the purchase price of the No Date Sub and the trade-in price) until you get your Hulk. In that way, as long as X is a low enough number that it doesn't bother you, it could be a great way to wear a nice watch while waiting for your dream piece!

[Nikrnic]

If your plan is to buy it, wear it, trade it back to the AD on a Hulk or Gmt and lose 500 on the trade, think again. I'll bet you'll lose more like 1k + tax of course, unless you retail it.

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[DoDe]

Originally Posted by Chilly Coconut

This, 100%. Man, Rolex really has peoples’ heads all kinds of messed up these days.

Only the gullible ones

[mrcsatx]

Originally Posted by Carondelet

I completely agree. On GP I wouldn't buy that watch. Pre-owned is not new, and I'm in the camp of people that don't pay over retail for a luxury item.



I can understand this behavior with a Grey Market Dealer - it's how they make money. With an AD though, I think it's an extremely dishonest practice to sell a new and pre-owned watch at the same price, especially when it was a watch they sold only recently.



Regardless of my personal feelings about that situation though, I think that it might not be in your best interest to buy the watch unless you're going to hold onto it. You'll likely lose money on your trade-up to the Hulk.



On the flip side though, you can think of it like wearing a 'loaner watch' for $X (where X is the difference between the purchase price of the No Date Sub and the trade-in price) until you get your Hulk. In that way, as long as X is a low enough number that it doesn't bother you, it could be a great way to wear a nice watch while waiting for your dream piece!

I like where your mind is at..

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[The Libertine]

Originally Posted by Nikrnic

If your plan is to buy it, wear it, trade it back to the AD on a Hulk or Gmt and lose 500 on the trade, think again. I'll bet you'll lose more like 1k + tax of course, unless you retail it.

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I agree. Why not let someone who genuinely wants this model Submariner the opportunity to own?

[JMtimes5]

FOMO strikes again....
Best of luck to you.

[joshua.pearl3]

No! You are buying a used watch (it doesn't matter whether it is 1 month or 1 year old) at full retail price, which you don't really like that much and are planning to go through the trouble of selling it (at a loss!) once the watch you've ordered arrives??