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16 July 2020, 02:17 AM | #1 |
"TRF" Member
Join Date: Feb 2020
Location: Dallas
Watch: 1943 Omega c. 33.3
Posts: 25
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AP Deposit
Greetings all,
I was asked to wire transfer a 50% deposit to AP. Their explanation for this is because I'm new to the brand, i.e. no prior purchases. Has anyone had a similar experience? Just want to make sure I am not being mistreated/scammed. Thank you! |
16 July 2020, 02:27 AM | #2 | |
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Join Date: May 2018
Location: sf
Watch: 15450ST
Posts: 540
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Quote:
when i bought mine two years ago i was asked to pay around 35% to get the allocation, but they also said i had to finish paying the rest before some date which was a few weeks before i would get the watch. essentially had to pay 100% in the next ~2 months and got the watch not long after. no idea if it’s normal but i didn’t mind to be honest. i knew i was going to pay the full amount and would be getting the watch so i didn’t care if it was paid before i got it or the day of |
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16 July 2020, 02:44 AM | #3 |
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Location: NNJ
Posts: 552
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Which boutique is this? Depending on the piece it's either a 25%-50%, so it's not entirely uncommon.
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16 July 2020, 02:52 AM | #4 |
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Join Date: Nov 2019
Location: Singapore
Posts: 51
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As long the deposit is direct to the AP boutique and not AD or grey dealer.
Also you should be super happy if they are willing to taking a deposit from u ! as it means a confirm allocation for your lovely time piece. As many boutique now stop taking in deposit and only offer a interest list... |
16 July 2020, 02:53 AM | #5 | |
"TRF" Member
Join Date: Apr 2016
Location: Atlanta
Watch: No Rolex
Posts: 722
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AP Deposit
Quote:
Assuming it’s a boutique, you’re not being scammed. They may not require a deposit from their established whales, but it is standard practice at AP boutiques, at least the company-owned ones in the U.S. I was asked for a 25% deposit, and they only asked for more when I switched my allocation to a more expensive timepiece. On my own, I did pay more toward my deposit after a few months so I could pay an even $10K balance when the watch came in. And as @Sookanian just said, in my experience, putting down a deposit with AP meant I would be getting a watch. I spent some time on a couple AD waitlists in the past (not AP), and it really meant nothing. |
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16 July 2020, 02:56 AM | #6 |
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Location: Florida/Canada
Posts: 1,278
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I had to put down 25% to secure a 15500ST last year. No wire transfer though, they accepted a credit card. I paid the balance when I picked up the watch.
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16 July 2020, 03:00 AM | #7 |
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Join Date: Apr 2020
Real Name: Nico
Location: Arizona
Posts: 81
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I was asked to wire the full amount back in May, which I thought was strange. I did end up doing it, though.
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16 July 2020, 03:00 AM | #8 | |
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Join Date: May 2019
Location: West LA
Posts: 122
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Quote:
If this is a corp boutique I wouldn't hesitate. But if it's a partner boutique, I would speak to a manager and get terms in writing. |
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16 July 2020, 03:06 AM | #9 |
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Join Date: Feb 2020
Location: Dallas
Watch: 1943 Omega c. 33.3
Posts: 25
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Thank you all for the reassurances!
It's the NYC boutique. Novice question perhaps, but is it refundable? The reason I ask, is I have put my interest down at the Dallas boutique as well. So I'm wondering what my options would be if they received an allocation sooner. |
16 July 2020, 03:11 AM | #10 | |
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Quote:
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16 July 2020, 04:32 AM | #11 |
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Join Date: Oct 2015
Location: LA<>NY
Watch: Rolex♠Lange
Posts: 2,277
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Why not? It shows you are serious and puts you right in front of the line for a watch many others will ask for but never get.
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16 July 2020, 04:33 AM | #12 |
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Join Date: Nov 2014
Location: San Fran
Posts: 2,212
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I have done the same for AP boutique
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16 July 2020, 04:43 AM | #13 |
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Join Date: Jun 2020
Location: USA
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With the NYC boutique you’re in good hands, go ahead with the deposit. The reason they ask for wire transfer is because you’re first time client, on your second timepiece you will be provided with a link to place your 25% deposit using your preferred method of payment.
Most likely deposits are refundable, but to be on the safe side, you should ask your sales person. Good luck Sent from my iPhone using Tapatalk
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16 July 2020, 06:05 AM | #14 | |
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Location: USA
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Quote:
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16 July 2020, 06:14 AM | #15 |
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Join Date: Mar 2020
Real Name: Chris
Location: Nampa, ID
Watch: Tachymeter
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Recently paid in full up front for my Daytona 116519LN and received in less than 30 days! Long standing AD in NorCal and they only asked for 10% up front so, paying in full was my call.
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16 July 2020, 06:57 AM | #16 |
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Join Date: Aug 2017
Location: Bay Area
Watch: AP/PP/PAM/Rolex
Posts: 308
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I put down a 25% on both my 15400st and ROO CE 44mm. It’s not unusual for the boutique to ask for a deposit since it secures your allocation.
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16 July 2020, 07:03 AM | #17 |
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Location: NNJ
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16 July 2020, 08:01 AM | #18 |
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Join Date: Apr 2020
Real Name: Nico
Location: Arizona
Posts: 81
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16 July 2020, 09:42 AM | #19 |
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Join Date: Apr 2018
Location: Seattle
Watch: Explorer II
Posts: 777
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I put down $500 and am waiting for my 15500
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Daytona White 116500LN, GMT II BLNR, Explorer II Polar, Submariner 116610LV, GMT II BLRO, Sky Dweller Blue. |
16 July 2020, 10:13 AM | #20 |
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Join Date: Jul 2020
Real Name: Gary
Location: Malibu
Watch: 5711
Posts: 17
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maciej,
Westime had a shop in Malibu for a short time. After first visit, I didn’t even window shop there. Bought a few pieces from Traditional when they were in Malibu and their Newport store-was always a great experience. |
16 July 2020, 12:30 PM | #21 |
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Location: Hong Kong
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I made a deposit and that was refundable (stated in the receipt)
As long as it is to an AP BT, then it should be fine. |
16 July 2020, 02:47 PM | #22 |
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Join Date: Jul 2018
Real Name: Goh
Location: Singapore
Watch: 116622
Posts: 438
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Would advise to go down to the boutique and make the deposit physically. It will come with a receipt stating that its refundable as stated above.
If you can't go down physically, make sure you do your due diligence on their email to make sure its not a scam.
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Watches owned: Rolex GMT II 126710BLRO | Patek Philippe 5205G | Audemars Piguet 15500ST | Rolex DJ 16233 | Tudor BBBBB 79250BB | Ball DM1036A |
16 July 2020, 05:41 PM | #23 |
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Join Date: Dec 2014
Location: EU
Watch: AP & Rolex
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They never ask me a deposit
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17 July 2020, 12:09 AM | #24 |
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17 July 2020, 01:23 AM | #25 |
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Location: HK
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Maybe you can state in a handwritten note transferrable to a RM 10 if AP piece doesn't come through! What piece is coming? Very excited for you? (PS, this means yes, deposit with the store should be fine. PPS, they store is also the partner in another AP branded boutique in case you need more piece of mind).
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17 July 2020, 01:35 AM | #26 | |
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Join Date: Apr 2020
Real Name: Nico
Location: Arizona
Posts: 81
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Agreed, Yoni has been great. Hoping to have the watch on my wrist before my 25th birthday next month... we’ll see!
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17 July 2020, 02:02 AM | #27 |
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Join Date: Dec 2018
Location: New York
Posts: 761
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Seems this is a common practice for AP
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17 July 2020, 02:39 AM | #28 |
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Join Date: Mar 2014
Real Name: Michael
Location: Connecticut
Posts: 1,372
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Not uncommon. If NYC boutique, no worries at all. I know from my experience for Blancpain LEs they want 100% up front to be guaranteed the watch
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17 July 2020, 04:59 AM | #29 | |
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Join Date: Mar 2019
Location: San Francisco
Posts: 2,851
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Quote:
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17 July 2020, 04:01 PM | #30 |
"TRF" Member
Join Date: Sep 2019
Location: Singapore
Watch: AP
Posts: 232
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Yes, for my first one. But subsequent watches nope.
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