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15 September 2018, 09:51 AM | #1 |
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Location: NY
Posts: 216
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Is the deposit for waiting list safe
Hey everyone; in light of the new norm that we need to put deposit for steel professional models, how safe is our deposit being held by the AD. I had read a lot of threads where many members here are required to put deposit on the watches. What happen when an AD went out of businesses?
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15 September 2018, 10:48 AM | #2 |
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Real Name: RJ
Location: UK Coast
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You would probably lose your deposit in most cases.
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15 September 2018, 10:52 AM | #3 |
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Join Date: Apr 2016
Real Name: Doug
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Watch: Rolex President
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Unless the money was held in escrow by an independent party and you had a contract covering the business default, you are out of luck.
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15 September 2018, 10:59 AM | #4 |
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Real Name: Larry
Location: Finger Lakes
Posts: 6,007
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You join the ranks of unsecured creditors, waiting to recover anything leftover after the secured creditors are done picking at the bones.
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15 September 2018, 11:06 AM | #5 |
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Adiosis, erevedache, sayonara, hasta luego, see u later alligator, bon voyage...min chi do chi,....
I realize I hardly spelled one correctly, but they are all a farewell . Gone, gonzo, bu-bye.... |
15 September 2018, 11:51 AM | #6 |
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Real Name: Seth
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Gone for good.
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15 September 2018, 11:57 AM | #7 |
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Join Date: Nov 2012
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Watch: addiction issues
Posts: 36,815
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For this reason I only leave a deposit with the AP boutique. I don’t trust individual ADs. I am not a bank. If they want a loan they will have to pay me interest lol
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15 September 2018, 12:03 PM | #8 |
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Location: USA
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This has been discussed a lot. The short answer is, it’s a scam at most places. I wouldn’t do it!
Sent from my iPhone using Tapatalk
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Wear the watch you like, not the one they tell you to wear! |
15 September 2018, 12:06 PM | #9 |
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You'd get double your money back and the watch for free.
Or not. |
15 September 2018, 12:16 PM | #10 |
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Join Date: Mar 2017
Location: NY
Posts: 216
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Since you mention about AP boutique, what do you think about the royal oak perpetual calendar in steel and blue dial
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15 September 2018, 12:19 PM | #11 |
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If the store goes out of business or if there an alien invasion, well...
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15 September 2018, 12:23 PM | #12 |
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Join Date: Oct 2010
Real Name: Rodney
Location: CT
Watch: 116710 BLNR
Posts: 224
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Put your cash with 0$ interest and zero predictability if or when your watch will arrive -- this option is Not for me.
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15 September 2018, 12:33 PM | #13 |
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Aaaaaaand.........it’s gone.
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15 September 2018, 12:42 PM | #14 |
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15 September 2018, 12:51 PM | #15 |
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Join Date: May 2015
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I have never been asked for a deposit even when an AD ordered a watch for me they didn’t have in the store. I wouldn’t put a deposit down without a agreement on when they would produce the watch or at least a window like “not to exceed 3 months”.
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15 September 2018, 01:01 PM | #16 |
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Watch: addiction issues
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I think it’s gorgeous. I’ve enterained it myself many times but not sure I’d be willing to set it everytime I want to wear it. Would probably need a winder
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15 September 2018, 01:07 PM | #17 |
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Join Date: Feb 2011
Location: England
Watch: 16710, 16628
Posts: 7,755
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How are all the no folks acquiring SS? Deposits are how it's done no?
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15 September 2018, 01:21 PM | #18 |
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Join Date: Jun 2016
Location: Canada
Watch: DJII, Sub
Posts: 597
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in that case deposit would been gone.
If the AD just looses the Rolex franchise I hope you can get your money back. |
15 September 2018, 01:34 PM | #19 |
Banned
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15 September 2018, 01:36 PM | #20 |
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Location: Brisbane
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It's been completely safe for me to date.
And it's worked a treat |
15 September 2018, 01:47 PM | #21 |
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Real Name: Lee
Location: Kentucky
Watch: SWISS
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I was at an AD today that was asking for full pre-payment to be 3rd on the list for an LVc. I asked what if the watch doesn’t deliver before model changes, discontinuance or lack of availability, he said no worries that I would receive the current model within 9 months. I politely declined.
BTW, I am at a coastal resort city, no previous history, first time in store.
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Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference. -ROBERT FROST |
15 September 2018, 02:01 PM | #22 |
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Did you see the Florida Porsche dealer that stole 2.5 million in deposits today? Look on the web. It is the biggest Porsche dealer in the USA. Buyer beware
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16 September 2018, 04:18 AM | #23 |
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Location: UK
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In the UK pay the deposit by credit card and any problems the credit card company will refund you
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16 September 2018, 04:26 AM | #24 |
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16 September 2018, 04:28 AM | #25 |
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this
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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) |
16 September 2018, 04:31 AM | #26 | |
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Quote:
Point taken though. I put a 50% deposit down on a Daytona and bankruptcy was my biggest concern.
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Datejust w/black Tapestry dial (1985) / Daytona (2016) |
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16 September 2018, 04:50 AM | #27 |
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its probably safer than the horror you will be faced with after receiving your watch. Cant travel with it, cant do outdoor activities with it, clubs are probably a no go, swimming is ok but only if its a DSSD, and they remove the protective stickers and expose your watch to unnecessary danger.
Nothing is safe and now we can add a deposit to the list seriously though, with the other dangers you probably still have a watch, so sure an AD going bankrupt and you being without a watch and your money is not that wild of a concern given some context.
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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 September 2018, 03:16 AM | #28 |
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Bad for business
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23 September 2018, 03:24 AM | #29 | |
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Real Name: Brian
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Quote:
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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 |
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