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singaporepatek · 10 January 2020, 01:28 PM

I was going to order a 5212 from my Patek AD and was told delivery within 6 months of deposit because it is special order and the deposit is 50%, which is approximately $16,500. A 50% deposit sounds like a lot. What is normal deposit amount for special orders like this?

Plastique999 · 10 January 2020, 01:28 PM

Hell no!

Sent from my Zeitwerk

Ichiran · 10 January 2020, 01:35 PM

The Singapore ADs don't accept deposits. Are you ordering from other locations?

Humble michael · 10 January 2020, 01:37 PM

Nope , not me. Just tell them to put you on the list . When the piece comes in they can call you and you will pay in full immediately. If they don’t want to do that - forget it! :-)

singaporepatek · 10 January 2020, 01:53 PM

Quote:

Originally Posted by Ichiran

The Singapore ADs don't accept deposits. Are you ordering from other locations?

This is from AD in America.

Fat_ninja · 10 January 2020, 02:05 PM

None of my Payek AD’s in US take deposits for Patek

singaporepatek · 10 January 2020, 02:08 PM

They claim the deposit is required because I’m placing a “special order”

golfski · 10 January 2020, 04:20 PM

I personally would give my AD 50% down right now to guarantee me a 5212 within 6 months!

Russell996 · 10 January 2020, 04:31 PM

Never been asked for a deposit for a Patek, once for a Daytona C (20% for 6 months delivery). I thought it was a Patek policy not to accept deposits.

Erson · 10 January 2020, 04:37 PM

Dont, if u put money, and they say they cant get the watch, it is almost imposible to get ur money back. Deposit $100 is okay

Codik · 10 January 2020, 07:11 PM

My AD asks for 10% deposit. Think that’s fair. 50% seems high.

ts3 · 10 January 2020, 07:27 PM

I'd have a hard time providing any deposit as I am not in the business of funding ADs or watch manufacturers...

Question to those who have provided a deposit in the past, say on an RM...

Does the money sit in an escrow account, with the AD, or does the AD pass it on straight to the manufacturer? In other words, who has to go under for the customer to lose the deposit?

Mr Naultilus · 10 January 2020, 07:50 PM

I've never had to pay a deposit, but it's what ever you feel comfortable with

Sent from my J8210 using Tapatalk

Kittayos · 10 January 2020, 10:08 PM

20% deposit in Australia for me.

ap1 · 10 January 2020, 10:14 PM

No1 likes to give a deposit. If it’s a watch I really wanted and have CONFIDENCE they will deliver than I would leave a significant deposit. Ask if it’s refundable if not delivered in 6 mos or make them write that down.

beshannon · 10 January 2020, 10:21 PM

$0.00

JR16 · 10 January 2020, 10:41 PM

I’ve never had to give a deposit and can’t imagine my AD asking me. If it’s an AD you don’t have a good relationship with , then I would be suspcious they are going to get you a 5212 within 6 months, deposit or not. With that said, would I put down $1000 to build some trust and show real intent? Sure! $16k- hard pass.

Sent from my iPhone using Tapatalk Pro

PJ S · 10 January 2020, 10:48 PM

Quote:

Originally Posted by ts3

I'd have a hard time providing any deposit as I am not in the business of funding ADs or watch manufacturers...

Question to those who have provided a deposit in the past, say on an RM...

Does the money sit in an escrow account, with the AD, or does the AD pass it on straight to the manufacturer? In other words, who has to go under for the customer to lose the deposit?

Any deposit paid goes into the retailer’s bank account. Liability rests with the retailer, no-one else.
Suppliers often work on a 30 day invoice, which only comes into effect once purchases have been processed and dispatched.

Only put down any amount that you’d be willing to potentially lose.

Fat_ninja · 10 January 2020, 10:51 PM

Just be careful with the big AD that begins with a T. They did that in Vegas on my daytona... I pulled my relationship and went to Boston. No more deposits

Don’t let them string u along... unless the manager is taking the deposit I’d take my deposit back unless it doesn’t bother u . They won’t go bankrupt

RHIII · 11 January 2020, 12:29 AM

Here’s the thing - Deposits at ADs make about as much sense as off-road tires on a Ferrari. ESPECIALLY 50%. That is completely absurd. Even if it’s for a super hyped up reference (which honestly what reference ISN’T these days...) why not just ask people to pre-pay 100%? (Because that would have to be backed by a guarantee)

I would be very hesitant. And if I even considered, I’d make sure that it is 100% refundable - regardless - and for ANY reason - like I changed my mind.

I’ve heard of SAs in my ADs taking like 500$ from customers- to hold a place in a line if multiple SAs are ordering the same reference - or to lock down the next one that comes in...

I’ve even offered to 100% pay for my watch before it came in - and they said, nope. Not necessary.

Just my .02

Sent from my iPhone using Tapatalk

SDDS · 11 January 2020, 03:50 AM

My AD asks for 20%

Sent from my iPhone using Tapatalk

tchaic · 11 January 2020, 03:59 AM

I paid $2k on a 5726. I’d be fine with any deposit as long as timed to a certain delivery timeline. Say under 1 year.

singaporepatek · 11 January 2020, 04:31 AM

When I asked about timeline they said no guarantee.

Fat_ninja · 11 January 2020, 04:37 AM

Quote:

Originally Posted by singaporepatek

When I asked about timeline they said no guarantee.

U didn’t work with a manager. The sales associate just wants to make it look like he sold something.

Superburrito · 11 January 2020, 04:41 AM

I've never paid a deposit for the 4 Pateks I've purchased through US ADs. Just paid in full upon purchase.

Apheaven · 11 January 2020, 06:20 AM

Quote:

Originally Posted by Fat_ninja

U didn’t work with a manager. The sales associate just wants to make it look like he sold something.

^This

Sent from my iPhone using Tapatalk

np2016 · 11 January 2020, 08:54 AM

I've never put a deposit down for any timepiece I have. Most I would ever put down is 1k on my credit card.

Calatrava r · 11 January 2020, 08:54 AM

Fifty percent seems high but this is a hard to get watch at the moment ( I think). If you can reach a good comfort level with the store and want the watch, go for it.

benlee · 11 January 2020, 10:57 AM

I never pay any deposit, with the exception of independent watches that are made to order. Even for those cases, not more than 15%.

Fat_ninja · 11 January 2020, 11:15 AM

Quote:

Originally Posted by benlee

I never pay any deposit, with the exception of independent watches that are made to order. Even for those cases, not more than 15%.

RM requires full deposit. :(

10 January 2020, 01:28 PM	#1
singaporepatek Banned Join Date: Dec 2019 Location: Singapore Posts: 152	Reasonable deposit amount I was going to order a 5212 from my Patek AD and was told delivery within 6 months of deposit because it is special order and the deposit is 50%, which is approximately $16,500. A 50% deposit sounds like a lot. What is normal deposit amount for special orders like this?

10 January 2020, 10:21 PM	#16
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,895	$0.00 __________________ Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent

11 January 2020, 03:50 AM	#21
SDDS "TRF" Member Join Date: Apr 2009 Real Name: Yazan Location: Canada Posts: 4,781	My AD asks for 20% Sent from my iPhone using Tapatalk __________________ Patek Philippe 5167 Patek Philippe 5905P black dial Rolex Deepsea 116660 M series Rolex Oysterquartz 17000 N series Rolex OP 41MM 124300 Green Dial

11 January 2020, 04:41 AM	#25
Superburrito "TRF" Member Join Date: Mar 2017 Location: California Watch: 26420RO Posts: 448	I've never paid a deposit for the 4 Pateks I've purchased through US ADs. Just paid in full upon purchase. __________________ Current collection: AP 26420RO.OO.A002CA.01, PP 5164A, AP 15202BA, Omega 310.32.42.50.01.002, Tudor m79030b-0003, Garmin Epix Gen 2 Waiting for: AP 126715ST.OO.1356ST.01

11 January 2020, 10:57 AM	#29
benlee "TRF" Member Join Date: Dec 2012 Real Name: Ben Location: SIN & JKT Watch: Rolex, AP, PP Posts: 9,873	I never pay any deposit, with the exception of independent watches that are made to order. Even for those cases, not more than 15%. __________________ Follow me on Instagram : benlee789

10 January 2020, 01:28 PM	#2
Plastique999 "TRF" Member Join Date: Jun 2014 Location: CA Watch: VC Toledo 1952 Posts: 1,063	Hell no! Sent from my Zeitwerk

10 January 2020, 01:35 PM	#3
Ichiran 2024 Pledge Member Join Date: Jan 2018 Real Name: Michael Location: Dotonbori Watch: Mostly blue dials Posts: 7,591	The Singapore ADs don't accept deposits. Are you ordering from other locations?

10 January 2020, 01:37 PM	#4
Humble michael "TRF" Member Join Date: Oct 2014 Real Name: James Cline Location: san antonio Watch: 5711 white , 5990, Posts: 1,218	Nope , not me. Just tell them to put you on the list . When the piece comes in they can call you and you will pay in full immediately. If they don’t want to do that - forget it! :-)

10 January 2020, 02:05 PM	#6
Fat_ninja Banned Join Date: May 2018 Real Name: Jonathan Location: USA Watch: P-01 Posts: 11,772	None of my Payek AD’s in US take deposits for Patek

10 January 2020, 02:08 PM	#7
singaporepatek Banned Join Date: Dec 2019 Location: Singapore Posts: 152	They claim the deposit is required because I’m placing a “special order”

10 January 2020, 04:20 PM	#8
golfski "TRF" Member Join Date: Jun 2019 Location: US Watch: me whip & nay nay Posts: 397	I personally would give my AD 50% down right now to guarantee me a 5212 within 6 months!

10 January 2020, 04:31 PM	#9
Russell996 2024 Pledge Member Join Date: May 2016 Location: UK Posts: 4,172	Never been asked for a deposit for a Patek, once for a Daytona C (20% for 6 months delivery). I thought it was a Patek policy not to accept deposits.

10 January 2020, 04:37 PM	#10
Erson Banned Join Date: Oct 2019 Location: jakarta Posts: 243	Dont, if u put money, and they say they cant get the watch, it is almost imposible to get ur money back. Deposit $100 is okay

10 January 2020, 07:11 PM	#11
Codik "TRF" Member Join Date: Sep 2016 Location: UK Posts: 284	My AD asks for 10% deposit. Think that’s fair. 50% seems high.

10 January 2020, 07:27 PM	#12
ts3 "TRF" Member Join Date: Nov 2018 Location: Europe Posts: 3,220	I'd have a hard time providing any deposit as I am not in the business of funding ADs or watch manufacturers... Question to those who have provided a deposit in the past, say on an RM... Does the money sit in an escrow account, with the AD, or does the AD pass it on straight to the manufacturer? In other words, who has to go under for the customer to lose the deposit?

10 January 2020, 07:50 PM	#13
Mr Naultilus Banned Join Date: Sep 2019 Location: uk Posts: 435	I've never had to pay a deposit, but it's what ever you feel comfortable with Sent from my J8210 using Tapatalk

10 January 2020, 10:08 PM	#14
Kittayos "TRF" Member Join Date: Aug 2013 Location: Bkk Posts: 308	20% deposit in Australia for me.

10 January 2020, 10:14 PM	#15
ap1 2024 Pledge Member Join Date: Mar 2013 Location: usa Posts: 19,027	No1 likes to give a deposit. If it’s a watch I really wanted and have CONFIDENCE they will deliver than I would leave a significant deposit. Ask if it’s refundable if not delivered in 6 mos or make them write that down.

10 January 2020, 10:41 PM	#17
JR16 2024 Pledge Member Join Date: Jan 2013 Location: USA Posts: 6,185	I’ve never had to give a deposit and can’t imagine my AD asking me. If it’s an AD you don’t have a good relationship with , then I would be suspcious they are going to get you a 5212 within 6 months, deposit or not. With that said, would I put down $1000 to build some trust and show real intent? Sure! $16k- hard pass. Sent from my iPhone using Tapatalk Pro

10 January 2020, 10:51 PM	#19
Fat_ninja Banned Join Date: May 2018 Real Name: Jonathan Location: USA Watch: P-01 Posts: 11,772	Just be careful with the big AD that begins with a T. They did that in Vegas on my daytona... I pulled my relationship and went to Boston. No more deposits Don’t let them string u along... unless the manager is taking the deposit I’d take my deposit back unless it doesn’t bother u . They won’t go bankrupt

11 January 2020, 12:29 AM	#20
RHIII Member Join Date: Jul 2014 Real Name: Roger Location: ... Watch: AP/Rolex/PP Posts: 6,309	Here’s the thing - Deposits at ADs make about as much sense as off-road tires on a Ferrari. ESPECIALLY 50%. That is completely absurd. Even if it’s for a super hyped up reference (which honestly what reference ISN’T these days...) why not just ask people to pre-pay 100%? (Because that would have to be backed by a guarantee) I would be very hesitant. And if I even considered, I’d make sure that it is 100% refundable - regardless - and for ANY reason - like I changed my mind. I’ve heard of SAs in my ADs taking like 500$ from customers- to hold a place in a line if multiple SAs are ordering the same reference - or to lock down the next one that comes in... I’ve even offered to 100% pay for my watch before it came in - and they said, nope. Not necessary. Just my .02 Sent from my iPhone using Tapatalk

11 January 2020, 03:59 AM	#22
tchaic "TRF" Member Join Date: Sep 2015 Real Name: Chris Location: USA Watch: Tag Heuer 2000 Posts: 490	I paid $2k on a 5726. I’d be fine with any deposit as long as timed to a certain delivery timeline. Say under 1 year.

11 January 2020, 04:31 AM	#23
singaporepatek Banned Join Date: Dec 2019 Location: Singapore Posts: 152	When I asked about timeline they said no guarantee.

11 January 2020, 08:54 AM	#27
np2016 "TRF" Member Join Date: Apr 2016 Location: Ohio Watch: Rolex, Patek, AP, Posts: 522	I've never put a deposit down for any timepiece I have. Most I would ever put down is 1k on my credit card.

11 January 2020, 08:54 AM	#28
Calatrava r 2024 Pledge Member Join Date: Mar 2017 Location: United States Watch: Rolex and Patek Posts: 10,572	Fifty percent seems high but this is a hard to get watch at the moment ( I think). If you can reach a good comfort level with the store and want the watch, go for it.

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