An AD sell a SS Daytona at a Market Premium.

[wanttobuyadaytona]

Hi Guys,

I am new here. I have been lurking at this Rolex forum for a while. Last week I drop by an Rolex AD at Artesia with a friend. So we ask do you guys have the Daytona and all the good stuff. The sales guy is offering a Brand New SS Daytona white dial for 24K. The sales guy is offering me to pay half cash and half Credit card. Is that a good deal? I always want a SS daytona white dial but not that comfortable to deal with online grey dealers. Thank you in advance.

[Nairn1980]

Originally Posted by wanttobuyadaytona

Hi Guys,

I am new here. I have been lurking at this Rolex forum for a while. Last week I drop by an Rolex AD at Artesia with a friend. So we ask do you guys have the Daytona and all the good stuff. The sales guy is offering a Brand New SS Daytona white dial for 24K. The sales guy is offering me to pay half cash and half Credit card. Is that a good deal? I always want a SS daytona white dial but not that comfortable to deal with online grey dealers. Thank you in advance.

Well you’re not going to get one at MRSP that’s for sure

[TempoKing]

i agree with you
Grey dealers do not provide the same - honest - Rolex Service
and Rolex does not want to even hear about them..

The good part is
Rolex does not have a problem if their Authorized Dealer
Is charging unethical Black Market prices....or as you say...market premium
So you are all set

[McinRolex]

That's Bhindi Jewelers and they've been doing that quite a while actually!

They said they can only bundle with some DD to either consider Batman.

While they say they don't have any hot models in stock but they do have them in their safe.
Shady and very much enjoying this whole rolex shortage on their own.

I would avoid them and look for someone else in the South Bay.

[TswaneNguni]

Originally Posted by McinRolex

That's Bhindi Jewelers and they've been doing that quite a while actually!

They said they can only bundle with some DD to either consider Batman.

While they say they don't have any hot models in stock but they do have them in their safe.
Shady and very much enjoying this whole rolex shortage on their own.

I would avoid them and look for someone else in the South Bay.

Good ,name the dealer

[Rwatcher]

Dealer being outed on the forum, crazy times.

[jimcameron]

Just so I understand, you're going to finance $12,000 on your credit card to buy a watch?

[brucethemanlee]

Originally Posted by jimcameron

Just so I understand, you're going to finance $12,000 on your credit card to buy a watch?

Yeah not exactly a brilliant idea


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[padi56]

Originally Posted by wanttobuyadaytona

Hi Guys,

I am new here. I have been lurking at this Rolex forum for a while. Last week I drop by an Rolex AD at Artesia with a friend. So we ask do you guys have the Daytona and all the good stuff. The sales guy is offering a Brand New SS Daytona white dial for 24K. The sales guy is offering me to pay half cash and half Credit card. Is that a good deal? I always want a SS daytona white dial but not that comfortable to deal with online grey dealers. Thank you in advance.

Anyone paying crazy prices for what in the real world is a slightly cosmetically changed 20 year old watch only fuels more greed from sellers.But in theory ADs could charge what they like for watches, as it clearly states on the Rolex site its only a recommended price.

[macrowatch]

Made more funny and bold by how the extra portion on top is in cash! Bets on if the cash sale is reported for taxes? Lol.

[train-time]

Interesting way for an AD to offer a Daytona.

Welcome to the Stainless Steel Rolex Forum!

[beshannon]

Originally Posted by wanttobuyadaytona

s that a good deal?

Only you know how desperate you are.

[NeoAnderson]

Cash is going into pocket, credit is the known sell amount.

Doesnt the porsche dealer charge over msrp for gt2/gt3's?

[GB-man]

That’s funny My first ever rolex I bought on TRF from a major dealer was basically drop shipped from them with my name on the card. Those were the days.

[MTdweller]

$24k is in the ballpark for what greys are asking. I would only do it if you’re ok paying the premium and you can pay your credit card off with $$$ in your bank account. Not a good idea to finance, especially with the high rates on a credit card.

[sgwatchguy]

OP’s name is a declaration of intent. The end result is predictable. ¯\_(ツ)_/¯




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[superstarmar]

Originally Posted by train-time

Interesting way for an AD to offer a Daytona.

Welcome to the Stainless Steel Rolex Forum!

TT anyone?

[Milehighmiracle]

Originally Posted by jimcameron

Just so I understand, you're going to finance $12,000 on your credit card to buy a watch?

Why do people have such a hard time understanding why people would use a credit card for a major purchase? You get the points and pay it off immediately. Not like you’re required to carry a balance.

[Waxtactic]

Not sure it's worth it unless you have the cash on hand. The interest you'll get slapped with on your CC is going to be insane.

[77T]

Arrest them! Oh, wait...isn’t every piece of jewelry carrying about the same markup as that Daytona?

I don’t know what the AD’s contract with Rolex states about price gouging but it must have minimal power over this activity.


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[Tavli3]

I was under the impression that the recommended price per Rolex was intended to indicate that below MSRP prices are possible. My AD made it clear they are not allowed to sell over MSRP.

If ADs are allowed to sell over MSRP why aren't all of them doing it? Why do they have to sell out the backdoor to greys to make the vig?

Makes no sense if Rolex allows them to sell over list that they are not doing it. It's not out of the goodness of their hearts, if they could they would.

I think with this AD as someone said the cash and credit deal was so the cash goes unnoticed by Rolex and the sale is booked at MSRP per Rolex requirements via the credit card. Seems not kosher to me.

[samson66]

I simply cannot believe greys are getting $24,000 for a $13,000 watch. I mean, I get paying a premium once in a while but nearly DOUBLE? Insanity!

[BroncoOne]

Originally Posted by Milehighmiracle

Why do people have such a hard time understanding why people would use a credit card for a major purchase? You get the points and pay it off immediately. Not like you’re required to carry a balance.

Correct. If the dealer is willing to eat the credit card fees, which in this case appears to be the case because he is pocketing the cash and recording g the cc sale as MSRP (ish)

[jrs146]

It doesn’t seem right for an AD to sell at gray prices. I get the gray market and I have no major problem with it. It’s capitalism. However I believe Rolex forbids ADs from selling over msrp.

[djgallo]

MSRP means manufacturer recommended retail price....therefor I would think the AD’s should be able to sell at any price they desire.... including the current market price, or customer negotiated price. If this was the case most everyone would be buying the watches from the AD’s....and not the greys...

Why not?

[beshannon]

Originally Posted by jrs146

However I believe Rolex forbids ADs from selling over msrp.

Why?

The prices are suggested as MSRP indicates

[JR16]

I would never ever ever pay that much for a Daytona but hey it’s your cash.

With that said, If this is indeed a brand new watch and not being sold as “pre-owned” (even if it is BNIB) I would first talk to the store manager to confirm this is legit SA practice and if it is I would contact Rolex USA with the AD and manager names and let Rolex do what they think is best


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[Jona]

For my "values" over MSRP is a no go. Frankly I don't think a Daytona is worth $13k. OP consider if you are buying the watch or the hype. But only you can decide if it is worth $xx to you.

[jrs146]

Originally Posted by beshannon

Why?



The prices are suggested as MSRP indicates

I’m 99.99% certain that US AD’s have language in their licensing agreement with Rolex that forbids them from selling OVER MSRP, although they are permitted to sell UNDER MSRP. This is very common under a brand licensing contract. It’s just bad business to have inconsistent pricing on the up-side. I think other international AD’s may have more flexibility however as stated, in quite certain AD’s in the US are restricted.

[1665fan]

Report to Rolex!!!!