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Overkill · 9 November 2008, 05:54 AM

I walked by Tourneau in Houston the other day and thought I'd check out the GMTIIc. The rep. told me that I could get a free appraisal for my Sub if I wanted to consider trading it in, so I thought why not.

They said my Y-serial Sub was worth $4,000 right now, so I'm just wondering... is that reasonable?

Z-Sub · 9 November 2008, 06:09 AM

That's a great quote for Y serial.

SLS · 9 November 2008, 06:35 AM

Wow! Was that for a trade in? Does not leave them much room to make margins on resale.
~Scott

JJ Irani · 9 November 2008, 07:13 AM

Quote:

Originally Posted by Overkill

I walked by Tourneau in Houston the other day and thought I'd check out the GMTIIc. The rep. told me that I could get a free appraisal for my Sub if I wanted to consider trading it in, so I thought why not.

They said my Y-serial Sub was worth $4,000 right now, so I'm just wondering... is that reasonable?

That's a good price if you can actually get that much for it on a resale. Were they prepared to pay you that price on a possible trade-in for a new watch of your choice?

JJ

mailman · 9 November 2008, 07:19 AM

Quote:

Originally Posted by SLS

Wow! Was that for a trade in? Does not leave them much room to make margins on resale.
~Scott

You're right Scott but maybe they do it like car dealers do. They show you on paper that they're giving you $4k but in reality they're only giving you $3k

I know on trades that one of the AD's I deal with won't give the discount on the new purchase.

SLS · 9 November 2008, 07:45 AM

Quote:

Originally Posted by mailman

You're right Scott but maybe they do it like car dealers do. They show you on paper that they're giving you $4k but in reality they're only giving you $3k

I know on trades that one of the AD's I deal with won't give the discount on the new purchase.

With Tourneau, you never knoe what they are trying to do! They must do a lot of volume for Rolex and that's why Rolex sticks with them, Tourneau has the worst repuatation of any AD I know.
~Scott

mailman · 9 November 2008, 07:48 AM

Quote:

Originally Posted by SLS

With Tourneau, you never knoe what they are trying to do! They must do a lot of volume for Rolex and that's why Rolex sticks with them, Tourneau has the worst repuatation of any AD I know.
~Scott

From what I've read about them you're right on

Your thoughts on why Rolex sticks with them are very good also. Can't imagine any other reason why

marke · 9 November 2008, 07:51 AM

not a bad deal at that price

marke

Overkill · 9 November 2008, 08:34 AM

I've also read a lot of not so nice things about Tourneau, mostly on this forum :P

JJ, that $4,000 quote was for a trade in, after I had expressed my potential interest in trading my Sub for a GMT-IIC.

On the other hand though, he said the GMT-IIC was $7,000. That's not too good a deal now, is it?

Overkill · 9 November 2008, 08:34 AM

I've also read a lot of not so nice things about Tourneau, mostly on this forum :P

JJ, that $4,000 quote was for a trade in, after I had expressed my potential interest in trading my Sub for a GMT-IIC.

On the other hand though, he said the GMT-IIC was $7,000. That's not too good a deal now, is it?

Edit: I dunno what happened there, it got posted twice. Sorry.

SLS · 9 November 2008, 08:59 AM

$6,825 is MSRP for a GMT IIc, maybe they bought it before the latest round of price increases....still does not explain the price for your Sub! This is coming from a company who used to sell LNIB "pre-owned" SS Daytonas for $15K.
~Scott

klayface · 9 November 2008, 09:04 AM

I encountered the same offer with my sub about 3 weeks ago with a tourneau store in the san fernando valley, ca.

I was really tempted and it was a real generous offer but their mark up on rolex watches is insane.

For example a white dial daytona that goes for about 9k at a AD like ben bridge was at 15,500 there..

TimeToGo · 9 November 2008, 09:17 AM

As some have mentioned here, it's like buying a car. You get money on your trade in but not on the new purchase, one or the other. The SS Subs are always on demand, and they will get their money one way or another.

If you did not pay that much for your sub, sounds like a great deal if you want a new Rolex from an AD. Again, you can not go wrong.

I also had such an experience at an AD in DC. I had a two tone GMT, that I purchased used for about $2K and I offered for trade for a ladies watch. I looked around and saw a very nice datejust for my wife. The dealer traded straight up and said they could not give me cash in return.

I was happy with the trade.

cody p · 9 November 2008, 09:21 AM

sounds like you visited the tourneau located on top of 'sugar candy mountain'.

TimeToGo · 9 November 2008, 09:38 AM

I considered myself fortunate (not as much as the wife, of course).

I do not know if the datejust, obviously not a fast mover, had something to do with it....

Mr. K · 9 November 2008, 09:59 AM

After thinking about this, here is what I think.

They sell you a GMTII for 7K.

You can buy a GMTII elsewhere for $6,825 and after a friendly discount of say 20%, you can pay about $5460.00

$7000
(5460)
--------
$1540.00

The acutal amt they are into your SS sub is $4000-1540=$2460

Now they can sell the SS sub for $3500 or so to someone who is not Rolex savy, basically anyone who would buy from the big T.

All that for $1000 bucks? But you have to remember if a AD can give YOU a 20% discount they must have a bigger margin than that.

Plus they can add it to their sales as another "new" watch sold.

marshallr47 · 9 November 2008, 10:51 AM

That sounds like a good price to me.

9 November 2008, 05:54 AM	#1
Overkill "TRF" Member Join Date: Mar 2008 Real Name: Youssef Location: Cairo, Egypt Watch: Milgauss Z-Blue Posts: 925	$4,000 for my Sub? I walked by Tourneau in Houston the other day and thought I'd check out the GMTIIc. The rep. told me that I could get a free appraisal for my Sub if I wanted to consider trading it in, so I thought why not. They said my Y-serial Sub was worth $4,000 right now, so I'm just wondering... is that reasonable? __________________ Rolex GMT-Master II 116700 Rolex Explorer 214270 Rolex Milgauss 116400GV Z-Blue IWC Portuguese Hand Wound IW5454-08 Panerai Radiomir PAM183

9 November 2008, 06:09 AM	#2
Z-Sub 2024 Pledge Member Join Date: Jun 2008 Location: So Cal, USA Watch: Not a ONEWatch Man Posts: 7,383	That's a great quote for Y serial. __________________ SS Submariner Date "Z" SS SeaDweller "D" SS Submariner "Random" TT Blue Submariner "P" SS GMT-Master ll "M", Pepsi Pam 311, 524, 297 Last edited by Z-Sub; 9 November 2008 at 06:09 AM.. Reason: .

9 November 2008, 06:35 AM	#3
SLS "TRF" Member Join Date: Aug 2006 Real Name: Scott Location: GMT -7 Watch: GMT's & Sub's Posts: 10,399	Wow! Was that for a trade in? Does not leave them much room to make margins on resale. ~Scott __________________ "The bitterness of poor quality remains long after the sweetness of lower price is forgotten." -Benjamin Franklin Member No. 922

9 November 2008, 08:34 AM	#9
Overkill "TRF" Member Join Date: Mar 2008 Real Name: Youssef Location: Cairo, Egypt Watch: Milgauss Z-Blue Posts: 925	I've also read a lot of not so nice things about Tourneau, mostly on this forum :P JJ, that $4,000 quote was for a trade in, after I had expressed my potential interest in trading my Sub for a GMT-IIC. On the other hand though, he said the GMT-IIC was $7,000. That's not too good a deal now, is it? __________________ Rolex GMT-Master II 116700 Rolex Explorer 214270 Rolex Milgauss 116400GV Z-Blue IWC Portuguese Hand Wound IW5454-08 Panerai Radiomir PAM183

9 November 2008, 08:34 AM	#10
Overkill "TRF" Member Join Date: Mar 2008 Real Name: Youssef Location: Cairo, Egypt Watch: Milgauss Z-Blue Posts: 925	I've also read a lot of not so nice things about Tourneau, mostly on this forum :P JJ, that $4,000 quote was for a trade in, after I had expressed my potential interest in trading my Sub for a GMT-IIC. On the other hand though, he said the GMT-IIC was $7,000. That's not too good a deal now, is it? Edit: I dunno what happened there, it got posted twice. Sorry. __________________ Rolex GMT-Master II 116700 Rolex Explorer 214270 Rolex Milgauss 116400GV Z-Blue IWC Portuguese Hand Wound IW5454-08 Panerai Radiomir PAM183

9 November 2008, 07:51 AM	#8
marke Banned Join Date: Mar 2008 Real Name: Mark Location: UK Nationwide... Watch: Daytona Posts: 1,842	not a bad deal at that price marke

9 November 2008, 08:59 AM	#11
SLS "TRF" Member Join Date: Aug 2006 Real Name: Scott Location: GMT -7 Watch: GMT's & Sub's Posts: 10,399	$6,825 is MSRP for a GMT IIc, maybe they bought it before the latest round of price increases....still does not explain the price for your Sub! This is coming from a company who used to sell LNIB "pre-owned" SS Daytonas for $15K. ~Scott __________________ "The bitterness of poor quality remains long after the sweetness of lower price is forgotten." -Benjamin Franklin Member No. 922

9 November 2008, 09:04 AM	#12
klayface Member Join Date: Oct 2008 Real Name: Chuck Norris Location: So. California Watch: SS Daytona w/ dial Posts: 346	I encountered the same offer with my sub about 3 weeks ago with a tourneau store in the san fernando valley, ca. I was really tempted and it was a real generous offer but their mark up on rolex watches is insane. For example a white dial daytona that goes for about 9k at a AD like ben bridge was at 15,500 there..

9 November 2008, 09:17 AM	#13
TimeToGo 2024 ROLEX DATEJUST41 Pledge Member Join Date: Sep 2008 Location: North Florida Posts: 16,629	As some have mentioned here, it's like buying a car. You get money on your trade in but not on the new purchase, one or the other. The SS Subs are always on demand, and they will get their money one way or another. If you did not pay that much for your sub, sounds like a great deal if you want a new Rolex from an AD. Again, you can not go wrong. I also had such an experience at an AD in DC. I had a two tone GMT, that I purchased used for about $2K and I offered for trade for a ladies watch. I looked around and saw a very nice datejust for my wife. The dealer traded straight up and said they could not give me cash in return. I was happy with the trade.

9 November 2008, 09:21 AM	#14
cody p "TRF" Member Join Date: Jun 2008 Location: Canada Watch: Air-King 114200 Posts: 2,878	sounds like you visited the tourneau located on top of 'sugar candy mountain'.

9 November 2008, 09:38 AM	#15
TimeToGo 2024 ROLEX DATEJUST41 Pledge Member Join Date: Sep 2008 Location: North Florida Posts: 16,629	I considered myself fortunate (not as much as the wife, of course). I do not know if the datejust, obviously not a fast mover, had something to do with it....

9 November 2008, 09:59 AM	#16
Mr. K "TRF" Member Join Date: May 2005 Real Name: Mark Location: Seattle-ish Posts: 6,036	After thinking about this, here is what I think. They sell you a GMTII for 7K. You can buy a GMTII elsewhere for $6,825 and after a friendly discount of say 20%, you can pay about $5460.00 $7000 (5460) -------- $1540.00 The acutal amt they are into your SS sub is $4000-1540=$2460 Now they can sell the SS sub for $3500 or so to someone who is not Rolex savy, basically anyone who would buy from the big T. All that for $1000 bucks? But you have to remember if a AD can give YOU a 20% discount they must have a bigger margin than that. Plus they can add it to their sales as another "new" watch sold.

9 November 2008, 10:51 AM	#17
marshallr47 "TRF" Member Join Date: Oct 2006 Real Name: Ron Location: Alabama Watch: Daytona,TT Sub,GMT Posts: 4,673	That sounds like a good price to me. __________________ Ron

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