ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Chrono_lando · 22 April 2018, 10:57 PM

I believe most ADs can usually do 6-12 months financing. But it’s difficult to get if you’re wanting to purchase a limited piece. Has anyone ever opened a credit card just to purchase a watch? What we do for our love for watches...

Sent from my iPhone using Tapatalk

Rockrolex · 22 April 2018, 10:58 PM

Yes. I did that to purchase a Tudor Grantour Big Date.

Gaijin · 22 April 2018, 11:01 PM

Yes. Took their free 0 % money and paid off the watch in under a year. Otherwise back interest all the way back to the date of purchase would have been 20 %. Which is what they are counting on when they make these offers. That you will go a day over.

Bt122 · 22 April 2018, 11:05 PM

Time value of money... 0. = free money.

Etschell · 22 April 2018, 11:57 PM

nope. i would only do 0 percent dealer financing if i had to pay retail. otherwise i would try for a discount.

gmh1013 · 23 April 2018, 12:06 AM

oh yeah

Any4xx · 23 April 2018, 02:51 AM

I did this last year. Not an expensive model (Exp II), but 30 months at 0% made for payments roughly matching my monthly coffee expense. I didn’t seek the financing option, but the salesman offered it. Most likely because I was dressed, as is usual for me, like a rube. I figured 0% was a no-brainer.

tyler1980 · 23 April 2018, 02:57 AM

personally i would rather wait until i had the cash and put it on a points earning credit card instead. You make no money on 0% interest if you are floating a free loan to yourself but you make money (in terms of CC points/miles) to pay with a non 0% reward card and pay in full.

123Blueface · 23 April 2018, 03:28 AM

Yup.
Last four watches.
Great discount and 0% for 24 months.
Money is set aside to pay for it if need be but in the meantime, invested, getting a descent return and paying no interest.
No brained from my perspective.

subtona · 23 April 2018, 03:39 AM

Why not.

TheVTCGuy · 23 April 2018, 03:44 AM

Quote:

Originally Posted by 123Blueface

Yup.
Last four watches.
Great discount and 0% for 24 months.
Money is set aside to pay for it if need be but in the meantime, invested, getting a descent return and paying no interest.
No brained from my perspective.

Totally agree, my last three Rolexes were purchased this way.

Sporkmaker · 23 April 2018, 03:48 AM

I've used the convenience checks that come with my statement. They hit you with 3% of the total immediately but then it's interest free for a year. The particular grey dealer I go through offers an additional 2% off their already discounted watches if you pay with a check so it's basically a wash....but I get the instant watch gratification now.

swils8610 · 23 April 2018, 04:33 AM

Yup. Would do it again too.

Sent from my iPhone using Tapatalk Pro

Laszlo · 23 April 2018, 05:24 AM

I usually use PayPal, that 6-month interest free program, seems to be working pretty well and PayPal does not report any credit or activity to FICO.

Chrono_lando · 23 April 2018, 08:24 AM

Quote:

Originally Posted by 123Blueface

Yup.

Last four watches.

Great discount and 0% for 24 months.

Money is set aside to pay for it if need be but in the meantime, invested, getting a descent return and paying no interest.

No brained from my perspective.

Where are you finding 0% for 24 months? The best financing option the AD has is 12 months 0%

Best credit card is 18 months 0%

Sent from my iPhone using Tapatalk

123Blueface · 23 April 2018, 08:31 AM

Quote:

Originally Posted by Chrono_lando

Where are you finding 0% for 24 months? The best financing option the AD has is 12 months 0%

Best credit card is 18 months 0%

Sent from my iPhone using Tapatalk

I got 24 months from Breitling/Little Switzerland. A regular for them.
Local AD (Mayor’s) is now offering 36 months to include Rolex.

Etschell · 23 April 2018, 09:40 AM

Quote:

Originally Posted by 123Blueface

I got 24 months from Breitling/Little Switzerland. A regular for them.
Local AD (Mayor’s) is now offering 36 months to include Rolex.

is mayors 0 percent? and could you tell me which one?

123Blueface · 23 April 2018, 09:47 AM

Quote:

Originally Posted by Etschell

is mayors 0 percent? and could you tell me which one?

Yup.
I was just recently at the Boca Raton mall one and was offered 36 months 0 interest and doubled Rolex warranty to 10 years.
Only catch.........no discount.
But........lots of SS in stock.
In fact, lots and lots compared to what folks post here recently. No BLNR or Daytona C that day but have seen them other times.

Etschell · 23 April 2018, 10:06 AM

Quote:

Originally Posted by 123Blueface

Yup.
I was just recently at the Boca Raton mall one and was offered 36 months 0 interest and doubled Rolex warranty to 10 years.
Only catch.........no discount.
But........lots of SS in stock.
In fact, lots and lots compared to what folks post here recently. No BLNR or Daytona C that day but have seen them other times.

thanks. im always up that way for work.

jr Dunn also does it little further south.

WJGESQ · 23 April 2018, 11:52 AM

Quote:

Originally Posted by Etschell

is mayors 0 percent? and could you tell me which one?

Tampa.

superdog · 23 April 2018, 07:09 PM

I haven’t. I don’t like debt, for nearly any reason.

tyler1980 · 23 April 2018, 07:12 PM

Quote:

Originally Posted by superdog

I haven’t. I don’t like debt, for nearly any reason.

me neither especially for a watch. However if i got 0% on a car and i had the money and it was making 8% being invested i would defer paying in full and take the finance. Even at 4% finance i probably would.

Probably negligible gain for a ss rolex in the same scenario.

superdog · 23 April 2018, 08:35 PM

Quote:

Originally Posted by tyler1980

me neither especially for a watch. However if i got 0% on a car and i had the money and it was making 8% being invested i would defer paying in full and take the finance. Even at 4% finance i probably would.

Probably negligible gain for a ss rolex in the same scenario.

I wouldn’t. For a watch it seems, as you say, negligible. What am I going to make? A few hundred bucks? I honestly don’t get that, at all. But maybe that’s why I’m no baller.

For a car, I still wouldn’t.

What if I lose the invested money? Or what if that investment simply dips? When I need the loot, it’s not there or I have to take it out of the investment at a loss. Then I’ve got this extra monthly expense and no way to pay for it.

Once I put something into an investment account, for all intents and purposes, it’s gone. I’ve no intention of taking it out.

I’d prefer to pay cash for just about everything, including my house, and then have more money to put away monthly.

I try and keep my monthly nut as low as possible.

pickettt · 24 April 2018, 02:53 AM

Debt in any form is the new slavery.

mjclark32 · 24 April 2018, 03:10 AM

I haven't and wouldn't open a CC for a watch/jewelry

Etschell · 24 April 2018, 03:11 AM

Quote:

Originally Posted by superdog

I wouldn’t. For a watch it seems, as you say, negligible. What am I going to make? A few hundred bucks? I honestly don’t get that, at all. But maybe that’s why I’m no baller.

For a car, I still wouldn’t.

What if I lose the invested money? Or what if that investment simply dips? When I need the loot, it’s not there or I have to take it out of the investment at a loss. Then I’ve got this extra monthly expense and no way to pay for it.

Once I put something into an investment account, for all intents and purposes, it’s gone. I’ve no intention of taking it out.

I’d prefer to pay cash for just about everything, including my house, and then have more money to put away monthly.

I try and keep my monthly nut as low as possible.

2.5% CD for 5 years while you pay off car. you cant lose money on the CD. the car obviously you will lose a ton.

TheVTCGuy · 24 April 2018, 03:12 AM

Quote:

Originally Posted by 123Blueface

Yup.
I was just recently at the Boca Raton mall one and was offered 36 months 0 interest and doubled Rolex warranty to 10 years.
Only catch.........no discount.
But........lots of SS in stock.
In fact, lots and lots compared to what folks post here recently. No BLNR or Daytona C that day but have seen them other times.

Wow, 36 month no interest is a great deal IMHO. I wish my AD offered that.

123Blueface · 24 April 2018, 03:20 AM

Quote:

Originally Posted by TheVTCGuy

Wow, 36 month no interest is a great deal IMHO. I wish my AD offered that.

It’s a double edged sword.
My life is literally on the line each time I pass by, as my wife prepares to hang me by a nearby tree.

superdog · 24 April 2018, 03:56 AM

Quote:

Originally Posted by Etschell

2.5% CD for 5 years while you pay off car. you cant lose money on the CD. the car obviously you will lose a ton.

What if I need the money before the term is up?

TheVTCGuy · 24 April 2018, 04:01 AM

Quote:

Originally Posted by 123Blueface

It’s a double edged sword.
My life is literally on the line each time I pass by, as my wife prepares to hang me by a nearby tree.

I see your point... At least tell her to put the new Rolex on your wrist so you look good swinging.

22 April 2018, 10:57 PM	#1
Chrono_lando "TRF" Member Join Date: May 2017 Location: Atlanta Posts: 138	Has anyone opened a credit card just to get a watch for 0% APR for more months than w I believe most ADs can usually do 6-12 months financing. But it’s difficult to get if you’re wanting to purchase a limited piece. Has anyone ever opened a credit card just to purchase a watch? What we do for our love for watches... Sent from my iPhone using Tapatalk

22 April 2018, 10:58 PM	#2
Rockrolex TRF Moderator & 2024 DATE-JUST41 Patron Join Date: May 2005 Real Name: God Location: Washington, D.C. Watch: What do you think? Posts: 37,508	Yes. I did that to purchase a Tudor Grantour Big Date. __________________ Despite the high cost of living, it's still very popular. *Tosser Cabinet Member* Official Member: 'Perpetual 30' Vegas International GTG 2016 Official Member "WIS-CON" Las Vegas International GTG 2017 Official Member "WIS-CON" Las Vegas International GTG 2018 Official Member "WIS-CON" Las Vegas International GTG 2019

22 April 2018, 11:57 PM	#5
Etschell "TRF" Member Join Date: Dec 2013 Location: FL Watch: platinum sub Posts: 15,884	nope. i would only do 0 percent dealer financing if i had to pay retail. otherwise i would try for a discount. __________________ If you wind it, they will run. 25 or 6 to 4.

23 April 2018, 02:57 AM	#8
tyler1980 "TRF" Member Join Date: Apr 2015 Location: Houston Posts: 17,622	personally i would rather wait until i had the cash and put it on a points earning credit card instead. You make no money on 0% interest if you are floating a free loan to yourself but you make money (in terms of CC points/miles) to pay with a non 0% reward card and pay in full. __________________ 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 April 2018, 03:39 AM	#10
subtona "TRF" Member Join Date: Jan 2011 Real Name: gus Location: East Coast Watch: APK & sometimes Y Posts: 25,997	Why not. __________________

22 April 2018, 11:01 PM	#3
Gaijin 2024 ROLEX DATEJUST41 Pledge Member Join Date: Feb 2007 Location: Japan Watch: ing your back. Posts: 16,180	Yes. Took their free 0 % money and paid off the watch in under a year. Otherwise back interest all the way back to the date of purchase would have been 20 %. Which is what they are counting on when they make these offers. That you will go a day over.

22 April 2018, 11:05 PM	#4
Bt122 Banned Join Date: Mar 2018 Location: Bi coastal Watch: Ok...Watching Posts: 937	Time value of money... 0. = free money.

23 April 2018, 12:06 AM	#6
gmh1013 Banned Join Date: Jun 2008 Real Name: greg Location: Tempe AZ Watch: GMT Posts: 5,703	oh yeah

23 April 2018, 02:51 AM	#7
Any4xx "TRF" Member Join Date: May 2017 Real Name: Tom Location: Central CA Posts: 151	I did this last year. Not an expensive model (Exp II), but 30 months at 0% made for payments roughly matching my monthly coffee expense. I didn’t seek the financing option, but the salesman offered it. Most likely because I was dressed, as is usual for me, like a rube. I figured 0% was a no-brainer.

23 April 2018, 03:28 AM	#9
123Blueface "TRF" Member Join Date: Jun 2015 Location: USA Watch: All Posts: 4,939	Yup. Last four watches. Great discount and 0% for 24 months. Money is set aside to pay for it if need be but in the meantime, invested, getting a descent return and paying no interest. No brained from my perspective.

23 April 2018, 03:48 AM	#12
Sporkmaker "TRF" Member Join Date: Dec 2017 Location: Isleton CA Watch: peripherally Posts: 111	I've used the convenience checks that come with my statement. They hit you with 3% of the total immediately but then it's interest free for a year. The particular grey dealer I go through offers an additional 2% off their already discounted watches if you pay with a check so it's basically a wash....but I get the instant watch gratification now.

23 April 2018, 04:33 AM	#13
swils8610 2024 ROLEX DATEJUST41 Pledge Member Join Date: Sep 2012 Real Name: shannon Location: usa Posts: 8,993	Yup. Would do it again too. Sent from my iPhone using Tapatalk Pro

23 April 2018, 05:24 AM	#14
Laszlo 2024 ROLEX DATEJUST41 Pledge Member Join Date: Nov 2007 Location: San Francisco, CA Watch: Date & No Date Posts: 10,857	I usually use PayPal, that 6-month interest free program, seems to be working pretty well and PayPal does not report any credit or activity to FICO. __________________ "You might as well question why we breathe. If we stop breathing, we'll die. If we stop fighting our enemies, the world will die." Paul Henreid as Victor Laszlo in Casablanca

23 April 2018, 07:09 PM	#21
superdog 2024 Pledge Member Join Date: Oct 2011 Real Name: Seth Location: nj Watch: Omega Posts: 24,697	I haven’t. I don’t like debt, for nearly any reason. __________________ If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff)

24 April 2018, 02:53 AM	#24
pickettt "TRF" Member Join Date: Jul 2017 Location: California Watch: Shiny One Posts: 5,364	Debt in any form is the new slavery.

24 April 2018, 03:10 AM	#25
mjclark32 "TRF" Member Join Date: Mar 2010 Real Name: MJC Location: PHL USA Watch: IWC, Rolex, AP Posts: 29,232	I haven't and wouldn't open a CC for a watch/jewelry __________________

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)