Tough decision or is it?

[ikincooper]

I suppose it depends on what you think would bring you the most happiness over the next few years; having a lesser car and a BLNR or having a more expensive car and no additional Rolex in your collection (or some other combination of getting the BLNR and car and letting some other pieces go)?

A cheap car will get you from A to B and a cheap watch will tell the time so you should make a personal decision based on your own happiness.

From what you’ve said, it’d probably get the car you want and also the BLNR then sell some of your existing watches




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[Mystro]

In this situation with this watch,...........you buy the new BLNR. Its that good and it will haunt you if you don't.

[2001jesper]

1. Buy the BLNR
2. Drive your current car a few more years
3. Sell PAM to accelerate 2

[fiddyg]

Thanks for the feedback everyone. I have decided to get it. Will be picking it up tomorrow. I’ll be sure to post pics.


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[avences]

Originally Posted by fiddyg

Thanks for the feedback everyone. I have decided to get it. Will be picking it up tomorrow. I’ll be sure to post pics.


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Great choice. The car can wait a bit.
Congrats

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[Laszlo]

Originally Posted by logo

I’d take it and sell the Panerai.

Yup, me too. And the Speedy. Buh bye.

[Tom5518]

Originally Posted by Mystro

In this situation with this watch,...........you buy the new BLNR. Its that good and it will haunt you if you don't.

Totally agree. My priorities when it comes to "wants" is to buy more watch and less car. But, nothing wrong with it if you would rather have a nicer car.

The one thing I will add however, is in 15 years the car will likely either be rotting in a junkyard or being driven by trash. The BLNR however, will still be a nice watch and just as cool as the day it was when new.

[BigAppleBill]

Buy a Patek and take the bus.

[No SUBctitute]

Originally Posted by fiddyg

The compromise would be buying a less expensive car to kinda make up the difference in price.

Buy the watch and a less expensive car. Its the more financially savvy move. Let's demonstrate.

Buy a Lexus IS300 for $38,000. After 5 years it will be worth $19,000. (BMW, Mercedes, Audi have even worse depreciation.)

Buy a Honda Accord Sport for $28,000 and a BLNR for $10,000, spending the same $38,000 as above. After 5 years the car will be worth $15,000 and the watch conservatively will be worth $8,000. That's a total of $23,000. You are better off by $4,000 than if you bought the pricier car.

(Use Edmunds TCO online to gauge deprecation and expenses of a car.)

[AK797]

Originally Posted by fiddyg

Thanks for the feedback everyone. I have decided to get it. Will be picking it up tomorrow. I’ll be sure to post pics.


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Will you sell the PAM to cover the cost as is highly recommended or switch down on the car?

[AK797]

Originally Posted by BigAppleBill

Buy a Patek and take the bus.

Or buy a gold Patek and run like the wind.

[AJMarcus]

I’d take it and flip the Panerai or Datejust. or Speedy. You have options if you want it that badly.

[TonyD]

Yes the watch is rare and yes you could always sell it quickly and likely for a profit.

BUT I am normally very financially conservative. I would never buy anything that had the slightest impact on my finances. If you don't have excess cash then don't buy it.

My advice is plan for your future, with savings, investments etc. Wait until you are doing well before indulging in such things.

Your post doesn't mention investments, cash reserves, kids, family, house etc. All those things come first.

[Swaye]

I wouldn't let a BLNR that you really like go. Sell off the PAM or Speedy. Easy decision. Those are easily replaceable anytime.

[fiddyg]

Originally Posted by TonyD

Yes the watch is rare and yes you could always sell it quickly and likely for a profit.



BUT I am normally very financially conservative. I would never buy anything that had the slightest impact on my finances. If you don't have excess cash then don't buy it.



My advice is plan for your future, with savings, investments etc. Wait until you are doing well before indulging in such things.



Your post doesn't mention investments, cash reserves, kids, family, house etc. All those things come first.

Oh yeah definitely. I’m not gonna buy a watch if I can’t pay my mortgage. Definitely got the future in mind. It’s disposable income. And I’m not draining savings in order to buy it.


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[fiddyg]

Originally Posted by AK797

Will you sell the PAM to cover the cost as is highly recommended or switch down on the car?

I actually decided to sell some shoes off. Have multiple pairs of the same shoes (yeezy, and jordans) that I actually don’t even really care for as much now. Guess I went from a shoe head to a watch type a person.


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[TonyD]

Originally Posted by fiddyg

I actually decided to sell some shoes off. Have 2 pairs of shoes that I actually don’t even really care for as much now. Guess I went from a shoe head to a watch type a person.

Its funny you mention this. I work with a guy who recently picked up his first automatic watch and I can see him getting into watches. Previously his infatuation was sneakers. Sneakers can get CRAZY with rare and expensive styles. There is a whole subculture based in sneakers.

And you thought WIS guys were crazy!

[fiddyg]

IMG_1537.JPG

Sorry for the not so great pic.


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[blada4life]

Originally Posted by WatchGuy1966

Your car will lose that value as soon as you drive off the new car lot. Get the same car, but get a certified pre-owned. And get the watch.

This. Assuming you were going to pay cash for it otherwise financing options are better new.


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[fiddyg]

Here is another pic of the watch.


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[Dr.Stu]

Originally Posted by AK797

Or buy a gold Patek and run like the wind.

Literally made me laugh out loud!

OP, congrats on a good call. I had a bit of a wait, but got one from my AD and couldn’t be happier (wearing it now)!

[12o'clockhigh]

Very nice. I'm still (im)patiently waiting for "the call."

I think you made the right decision.

[nworbled]

Originally Posted by fiddyg

Here is another pic of the watch.


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Haha, that's great. Congratulations!

So what car were you going to buy? And what car are you going to buy now instead?

[kevo88]

This watch won’t depreciate as hard as a car

[ganagati]

Originally Posted by TonyD

Its funny you mention this. I work with a guy who recently picked up his first automatic watch and I can see him getting into watches. Previously his infatuation was sneakers. Sneakers can get CRAZY with rare and expensive styles. There is a whole subculture based in sneakers.

And you thought WIS guys were crazy!

A subculture of shoe nuts? What a bunch of weirdos! Why would anyone waste so much money on shoes!?!

Anyway, OP - definitely pick up the BLNR if it's still there!

Edit - just saw you got it. Congrats!!!

[fiddyg]

Originally Posted by nworbled

Haha, that's great. Congratulations!



So what car were you going to buy? And what car are you going to buy now instead?

Originally I was thinking a BMW or Tesla but after much thought was leaning towards a Lexus. We already have GX460 but needed a car for me since my 04 Accord gave out on me lol. Now it’s looking like Honda or Toyota, more reasonable and less expensive than the previous options.


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[fiddyg]

Originally Posted by 12o'clockhigh

Very nice. I'm still (im)patiently waiting for "the call."



I think you made the right decision.

My AD asked me back in April when if I wanted to be put on the list and I said why not (done through email as well). Never thought I’d get the call. Goodluck on your wait as well. How long have you been (im)patiently waiting?


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[brandrea]

Originally Posted by junamuan

Yep, get rid of Pam.

To each their own

I had a BLNR and got rid of it for a Pam

[junamuan]

Originally Posted by brandrea

To each their own

I had a BLNR and got rid of it for a Pam

Did the opposite.

Sold my Pam104 to fund my BLNR.

Everyone of us is in unique situation

[nworbled]

Originally Posted by fiddyg

Originally I was thinking a BMW or Tesla but after much thought was leaning towards a Lexus. We already have GX460 but needed a car for me since my 04 Accord gave out on me lol. Now it’s looking like Honda or Toyota, more reasonable and less expensive than the previous options.


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A Honda or Toyota is sensible. Like someone else said earlier, a car is a depreciating asset whereas it's possible that your watch may appreciate in value--at the very least it likely won't depreciate as quickly as your car will.

Now had you posed this question on a BMW forum I'm sure the response would have been to buy a Casio and get a 3 series.