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Carrots · 23 July 2018, 03:13 AM

I expressed an interest in a new LV with a dealer whom I have bought from in the recent past. I was told that I would need to pay for it in full and that they would then order it and hope to deliver it to me within 90 days.

Last time around I told them what I wanted, waited for it to arrive and then paid for it the same day that it arrived, and so I ought to be on their non tire kicker list. And even if I did flake on the order this is not a hard watch to sell to someone else.....

So I gotta ask....Is this the latest new strategy for pissing people off and pushing them away? A deposit is one thing, but 9k now for a watch in 90 days...…….?!

Etschell · 23 July 2018, 03:37 AM

id do it if you want the watch as long as it is refundable.

MTBer · 23 July 2018, 03:45 AM

Strange situation to me-they carry no risk 'ordering' this watch because it's in high demand, so there's no reason they really need a deposit from you. If the watch doesn't get there in 90 days and you demand your deposit back, they've bought themselves a 3-month interest-free loan at the possible expense of losing customer.

tyler1980 · 23 July 2018, 03:51 AM

I wouldn’t. 90 days I don’t believe and if you didn’t buy it it’s not like there isn’t a line of other people ready to buy it. Deposit in this situation I will never understand

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superdog · 23 July 2018, 04:16 AM

I wouldn’t like it.

But I’d do it if I was asked to

Bluepilot15 · 23 July 2018, 04:22 AM

Our local AD wants 50% down non-refundable. This is why I’ve been cultivating a relationship with an out of state AD!

DARK_KNIGHT · 23 July 2018, 04:33 AM

Quote:

Originally Posted by Carrots

So I gotta ask....Is this the latest new strategy for pissing people off and pushing them away? A deposit is one thing, but 9k now for a watch in 90 days...…….?!

I can´t speak towards "policy", since the feedback from members seem to differ, even in the same State/Country.

Maybe this AD has cash flow troubles.

AK797 · 23 July 2018, 05:10 AM

Sounds like they are testing you and seeing if you are a flipper. They can't order this from Rolex with a time frame, so they probably have one.

brucethemanlee · 23 July 2018, 05:36 AM

90 days is a LONG time to part with that amount of cash

Esp since the AD really has no idea when and what timepieces they will get. They’re “hoping” LV will arrive in that time. It could be much longer !!

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The Libertine · 23 July 2018, 05:38 AM

They want you to pay for something they **hope** to deliver in 90 days?

No thanks.

scombs263 · 23 July 2018, 05:42 AM

When I inquired about a watch from Tourneau who I bought from before, they asked for a full deposit to help cut down on the serious/non serious names on their list.

MariettaMike · 23 July 2018, 05:49 AM

I'd try another AD and if you don't find a better deal go back to the AD and, pay in advance for the LV, otherwise, forget about it.

Bigblu10 · 23 July 2018, 05:53 AM

Quote:

Originally Posted by AK797

Sounds like they are testing you and seeing if you are a flipper. They can't order this from Rolex with a time frame, so they probably have one.

What most have said here is the hulk is an allocation piece, so how could the AD "order" one? Smells fishy to me.

Likestheshiny · 23 July 2018, 06:04 AM

Wouldn't bother me, but it would have to be refundable and I'd want a guarantee of the arrival date. I wouldn't part with that much money for "We'll get it sometime maybe," but as long as there was a reasonably firm date I'd be fine with it.

SLS · 23 July 2018, 06:11 AM

In today's climate, I would do it. But on day 91, it had better be on my wrist.

Dj_masse · 23 July 2018, 06:35 AM

Par for the course in some AD’s in Toronto. Demanding full payment via bank draft only to even get on the list for high demand models. Lists are so long they’re not even taking orders for BLNR, LV or Daytona C either.

People here have no problem paying months in advance for a watch with no guarantee delivery date.

Fujiman · 23 July 2018, 06:43 AM

That's a chump move by the dealer for people that are, well, chumps.

Carrots · 23 July 2018, 07:59 AM

Quote:

Originally Posted by Fujiman

That's a chump move by the dealer for people that are, well, chumps.

That was my first reaction. I think I'll shop around. Or pass. #NoChump

Thanks for the input everyone.

The Libertine · 23 July 2018, 08:06 AM

Quote:

Originally Posted by Carrots

That was my first reaction. I think I'll shop around. Or pass. #NoChump

Thanks for the input everyone.

Good idea.

Easy E · 23 July 2018, 08:26 AM

I have a few ADs I talk with from time to time, one quite regular. They all have told me they get call everyday from all over the country from people looking for all the hot models. If they placed an order for every call that came in and some how, magically Rolex delivered they would have a ton of surplus watches.

One dealer told me a while back his Daytona list was at 17, but if he called everyone on the list and told them to come pick up their watch, maybe 4 would show up.

The AD that I actually placed my 500LN order with required a 50% deposit. I stroked them a check on the spot for the full package. I wanted them to know I was serious. I don’t mind not having the money, that’s kinda the point, I want the watch.

Just my .02

Easy E · 23 July 2018, 08:28 AM

Quote:

Originally Posted by AK797

Sounds like they are testing you and seeing if you are a flipper. They can't order this from Rolex with a time frame, so they probably have one.

Seems plausible

chad362wiley · 23 July 2018, 08:30 AM

i do that for all my watches

uniqueMR · 23 July 2018, 08:31 AM

Never heard of prepay. 20% deposit is average, acceptable...

The Watchmaven · 23 July 2018, 08:33 AM

I'd do it, particularly if I couldn't find it elsewhere and it was a suggested list price. ADs are on the look out for flippers.

Carrots · 23 July 2018, 08:45 AM

I know this dealer well enough that I am certain that they don't have one on hand to 'test' me with.

And yes, requesting a deposit is reasonable. Requesting 100% pre-payment from a proven serious / non flipping recent customer not so much I don't think. It's subjective of course as the replies here show, but I'm saying no to this deal.

Fujiman · 23 July 2018, 08:51 AM

Why do so many people play this game with dealers and Rolex when there is no shortage of the 5 digit sports watches around? Yes, they're used now but so what? IMO, they are far better looking without the blingy PCL and polished lugs on some models. I know the bracelet is said to be improved with easier fit adjustments and some of the movements have been changed about but if you get 2-3 seconds a day from a 5 digit, is it really worth thousands of dollars to maybe gain one second better accuracy? If you prefer the 6 digit references, that's fine but look at the lunacy involved to acquire one at far above MSRP.

To me, this whole thing is madness. I'm sure I'll get insulted by some here but think about it.

kalo925 · 23 July 2018, 08:56 AM

Quote:

Originally Posted by Carrots

So I gotta ask....Is this the latest new strategy for pissing people off and pushing them away? A deposit is one thing, but 9k now for a watch in 90 days...…….?!

Good grief. I assume you have the cash in a low interest account. Most of my cash is earning 1.6%, but I have plenty of cash earning 0.1-.3%! Aren't these watches selling at least a $2k premium? So at 1% you are spending about $20 bucks to get $2k extra value... It's silly to not do it IMO.

WJGESQ · 23 July 2018, 09:37 AM

Quote:

Originally Posted by Carrots

I expressed an interest in a new LV with a dealer whom I have bought from in the recent past. I was told that I would need to pay for it in full and that they would then order it and hope to deliver it to me within 90 days.

Last time around I told them what I wanted, waited for it to arrive and then paid for it the same day that it arrived, and so I ought to be on their non tire kicker list. And even if I did flake on the order this is not a hard watch to sell to someone else.....

So I gotta ask....Is this the latest new strategy for pissing people off and pushing them away? A deposit is one thing, but 9k now for a watch in 90 days...…….?!

So no.

Tri-Tip · 23 July 2018, 09:59 AM

I can understand a small non-refundable deposit for a special order. Maybe 10% tops, as they will easily be able to sell the watch if you back out.

100% up front is unreasonable without some sort of performance clause on their part. What do they give you if they can't deliver in 90 days??? A 1% discount for each day it's late? If that were the case, I might got for it.

GradyPhilpott · 23 July 2018, 10:27 AM

I would not pay full price in advance.

That's ridiculous.

Fifty-percent is reasonable if, and only if, the watch in question is guaranteed to have my name on it, and even then I would have to have absolute trust in the AD, based on significant experience.

Personally, ninety days is too long, regardless of any other factors.

23 July 2018, 03:13 AM	#1
Carrots "TRF" Member Join Date: Oct 2016 Real Name: Mr. Carrots Location: The Lake Watch: me eat ribs! Posts: 57	Paying in full in advance I expressed an interest in a new LV with a dealer whom I have bought from in the recent past. I was told that I would need to pay for it in full and that they would then order it and hope to deliver it to me within 90 days. Last time around I told them what I wanted, waited for it to arrive and then paid for it the same day that it arrived, and so I ought to be on their non tire kicker list. And even if I did flake on the order this is not a hard watch to sell to someone else..... So I gotta ask....Is this the latest new strategy for pissing people off and pushing them away? A deposit is one thing, but 9k now for a watch in 90 days...…….?!

23 July 2018, 03:37 AM	#2
Etschell "TRF" Member Join Date: Dec 2013 Location: FL Watch: platinum sub Posts: 15,884	id do it if you want the watch as long as it is refundable. __________________ If you wind it, they will run. 25 or 6 to 4.

23 July 2018, 03:51 AM	#4
tyler1980 "TRF" Member Join Date: Apr 2015 Location: Houston Posts: 17,622	I wouldn’t. 90 days I don’t believe and if you didn’t buy it it’s not like there isn’t a line of other people ready to buy it. Deposit in this situation I will never understand Sent from my iPhone using Tapatalk __________________ Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition)

23 July 2018, 04:16 AM	#5
superdog 2024 Pledge Member Join Date: Oct 2011 Real Name: Seth Location: nj Watch: Omega Posts: 24,693	I wouldn’t like it. But I’d do it if I was asked to __________________ If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff)

23 July 2018, 05:36 AM	#9
brucethemanlee "TRF" Member Join Date: Apr 2016 Location: 1 of 13 Colonies Posts: 8,490	Paying in full in advance 90 days is a LONG time to part with that amount of cash Esp since the AD really has no idea when and what timepieces they will get. They’re “hoping” LV will arrive in that time. It could be much longer !! Sent from my iPhone using Tapatalk

23 July 2018, 03:45 AM	#3
MTBer "TRF" Member Join Date: May 2018 Location: USA Posts: 537	Strange situation to me-they carry no risk 'ordering' this watch because it's in high demand, so there's no reason they really need a deposit from you. If the watch doesn't get there in 90 days and you demand your deposit back, they've bought themselves a 3-month interest-free loan at the possible expense of losing customer.

23 July 2018, 04:22 AM	#6
Bluepilot15 "TRF" Member Join Date: May 2018 Real Name: Troy Location: NH Watch: 16710A Posts: 151	Our local AD wants 50% down non-refundable. This is why I’ve been cultivating a relationship with an out of state AD!

23 July 2018, 05:10 AM	#8
AK797 2024 Pledge Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,225	Sounds like they are testing you and seeing if you are a flipper. They can't order this from Rolex with a time frame, so they probably have one.

23 July 2018, 05:38 AM	#10
The Libertine Banned Join Date: May 2014 Real Name: Mike Location: BOS Watch: 16710;14060;214270 Posts: 6,375	They want you to pay for something they hope to deliver in 90 days? No thanks.

23 July 2018, 05:42 AM	#11
scombs263 2024 Pledge Member Join Date: Sep 2014 Real Name: COMBS#263 Location: Los Angeles, Ca. Watch: Rolex SD43 Posts: 2,188	When I inquired about a watch from Tourneau who I bought from before, they asked for a full deposit to help cut down on the serious/non serious names on their list.

23 July 2018, 05:49 AM	#12
MariettaMike "TRF" Member Join Date: Jun 2016 Location: USA Watch: GMT II BLRO Posts: 616	I'd try another AD and if you don't find a better deal go back to the AD and, pay in advance for the LV, otherwise, forget about it.

23 July 2018, 06:04 AM	#14
Likestheshiny "TRF" Member Join Date: Apr 2017 Location: _ Posts: 1,877	Wouldn't bother me, but it would have to be refundable and I'd want a guarantee of the arrival date. I wouldn't part with that much money for "We'll get it sometime maybe," but as long as there was a reasonably firm date I'd be fine with it.

23 July 2018, 06:11 AM	#15
SLS "TRF" Member Join Date: Aug 2006 Real Name: Scott Location: GMT -7 Watch: GMT's & Sub's Posts: 10,399	In today's climate, I would do it. But on day 91, it had better be on my wrist. __________________ "The bitterness of poor quality remains long after the sweetness of lower price is forgotten." -Benjamin Franklin Member No. 922

23 July 2018, 06:35 AM	#16
Dj_masse "TRF" Member Join Date: May 2017 Location: Parts Unknown Watch: ALS Lange 1 Daymat Posts: 308	Par for the course in some AD’s in Toronto. Demanding full payment via bank draft only to even get on the list for high demand models. Lists are so long they’re not even taking orders for BLNR, LV or Daytona C either. People here have no problem paying months in advance for a watch with no guarantee delivery date. __________________ Rolex 116519 (WG OF) AP 15450 (Blue) Rolex 14270 Rolex 16570 (Polar)

23 July 2018, 06:43 AM	#17
Fujiman Banned Join Date: May 2018 Location: USA Posts: 182	That's a chump move by the dealer for people that are, well, chumps.

23 July 2018, 08:26 AM	#20
Easy E 2024 ROLEX DATEJUST41 X2 Pledge Member Join Date: Jun 2017 Location: GA Posts: 4,297	I have a few ADs I talk with from time to time, one quite regular. They all have told me they get call everyday from all over the country from people looking for all the hot models. If they placed an order for every call that came in and some how, magically Rolex delivered they would have a ton of surplus watches. One dealer told me a while back his Daytona list was at 17, but if he called everyone on the list and told them to come pick up their watch, maybe 4 would show up. The AD that I actually placed my 500LN order with required a 50% deposit. I stroked them a check on the spot for the full package. I wanted them to know I was serious. I don’t mind not having the money, that’s kinda the point, I want the watch. Just my .02

23 July 2018, 08:30 AM	#22
chad362wiley "TRF" Member Join Date: Aug 2017 Location: N/A Posts: 1,218	i do that for all my watches __________________ 116506

23 July 2018, 08:31 AM	#23
uniqueMR 2024 Pledge Member Join Date: May 2018 Location: USA Watch: P A T E K Posts: 4,694	Never heard of prepay. 20% deposit is average, acceptable... __________________ A. Lange & Sohne \| Audemars Piguet \| F.P.Journe \| Omega \| Patek Philippe \| Rolex \| Tudor \| ...and Othersss

23 July 2018, 08:33 AM	#24
The Watchmaven "TRF" Member Join Date: Jul 2018 Location: Florida Watch: Rolex Sub Posts: 17	I'd do it, particularly if I couldn't find it elsewhere and it was a suggested list price. ADs are on the look out for flippers.

23 July 2018, 08:45 AM	#25
Carrots "TRF" Member Join Date: Oct 2016 Real Name: Mr. Carrots Location: The Lake Watch: me eat ribs! Posts: 57	I know this dealer well enough that I am certain that they don't have one on hand to 'test' me with. And yes, requesting a deposit is reasonable. Requesting 100% pre-payment from a proven serious / non flipping recent customer not so much I don't think. It's subjective of course as the replies here show, but I'm saying no to this deal.

23 July 2018, 08:51 AM	#26
Fujiman Banned Join Date: May 2018 Location: USA Posts: 182	Why do so many people play this game with dealers and Rolex when there is no shortage of the 5 digit sports watches around? Yes, they're used now but so what? IMO, they are far better looking without the blingy PCL and polished lugs on some models. I know the bracelet is said to be improved with easier fit adjustments and some of the movements have been changed about but if you get 2-3 seconds a day from a 5 digit, is it really worth thousands of dollars to maybe gain one second better accuracy? If you prefer the 6 digit references, that's fine but look at the lunacy involved to acquire one at far above MSRP. To me, this whole thing is madness. I'm sure I'll get insulted by some here but think about it.

23 July 2018, 09:59 AM	#29
Tri-Tip "TRF" Member Join Date: Jan 2011 Location: CA, USA Watch: Out!!! Posts: 6,406	I can understand a small non-refundable deposit for a special order. Maybe 10% tops, as they will easily be able to sell the watch if you back out. 100% up front is unreasonable without some sort of performance clause on their part. What do they give you if they can't deliver in 90 days??? A 1% discount for each day it's late? If that were the case, I might got for it.

23 July 2018, 10:27 AM	#30
GradyPhilpott 2024 ROLEX DATEJUST41 Pledge Member Join Date: Sep 2008 Location: New Mexico Watch: 116710 BLNR Posts: 34,346	I would not pay full price in advance. That's ridiculous. Fifty-percent is reasonable if, and only if, the watch in question is guaranteed to have my name on it, and even then I would have to have absolute trust in the AD, based on significant experience. Personally, ninety days is too long, regardless of any other factors. __________________ JJ Inaugural TRF $50 Watch Challenge Winner

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