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4 July 2024, 04:46 PM | #1 |
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Watch buying in Europe
I have already been turned down twice but in the unlikely event I can find what I want….if I were to buy a Good Day Date 49 here am I calculations correctly that it would be around 5-6k less than in the states due to getting a large portion of the VAT back?
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4 July 2024, 05:30 PM | #2 |
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You're right about the VAT refund making a significant difference. When you purchase a watch in Europe, you typically pay the local VAT, which can be quite high. However, as a non-resident, you can often reclaim most of that VAT when you leave the country.
For a high-value purchase like a Day-Date, this could indeed save you a substantial amount. Just make sure to keep all your receipts and get the necessary paperwork done before you leave. Also, check the specific refund rate and process for the country where you're buying the watch, as it can vary. |
4 July 2024, 05:32 PM | #3 |
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Don't forget : you will have to pay the US VAT when you return to the US!
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4 July 2024, 05:43 PM | #4 |
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Good luck finding at msrp
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4 July 2024, 05:56 PM | #5 |
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I am in Europe now. Went to an AD in Sicily. The SA didn’t even greet me when I walked in. I asked about explorer, they said they don’t have ANY watch in stock and proceeded to ignore me. I asked to try on a day date and she said it’s for display only. No trying on. I know not all AD’s are like this, but this kind of service from some AD’s is not good for image of Rolex.
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4 July 2024, 07:29 PM | #6 | |
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Quote:
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4 July 2024, 06:08 PM | #7 |
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VAT is varying across Europe, from 8.1% in Switzerland to 27% in Hungary. The way customs are handling the export documents, are totally different as well. There are countries were you just present the goods at the airport before security to get all stamps on the docs from customs, then there are countries were you present the goods after security check to customs. And there countries (e.g. Germany) where you present your goods to customs, you get all needed stamps, then you have to put your goods into your suitcase/bag and the customs will check in your baggage. And don't forget, you need to contact the customs at the airport or place of your last destination before leaving the EU or non-EU territory. So be careful when buying in a EU-country and leaving from a non-EU country or vice versa. And on top of all, there are organisations who will claim the VAT back for you and the commission for that is actually quite high for that service. But unfortunately almost impossible to do it by yourself, unless you come back to Europe, go to the AD who sold you the Rolex and claim back full VAT right there in the shop.
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4 July 2024, 08:18 PM | #8 |
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They were much nicer in Capri than Rome even though I could not buy my current grail. I had an appointment at a Rolex dealer but had mild food poisoning so couldn’t go at my time. Just tried now and was told not without an appointment while wearing my DD 40 plat. My wife said it’s become offensive that you are begging to buy a 40k watch and it’s ridiculous. She’s not wrong it is a bit of a turn off at this point. I hate my addiction….
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4 July 2024, 10:33 PM | #9 | |
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My wife is also into timepieces, so ask your wife what other brands / timepieces she approves of. Surely brands like Cartier, Omega, Tudor, etc. are to be considered. By chance have you / her seen the custom-made watches by Torsti Laine? It was great fun for my wife and i to bond while designing a custom timepiece together. Look forward to hearing back about the many other timepieces you desire. PS: Below is my wife's custom timepiece we designed, am curious what your wife thinks about it. Maybe she'd prefer a different color or dial design for you? Many thanks and look forward to hearing back. Laine_GG3_Wrist_Cashmere.jpg
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4 July 2024, 08:27 PM | #10 |
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Just buy a Panerai in Italy to make your trip memorable.
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4 July 2024, 10:21 PM | #11 |
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I’m guessing it will depend on where you are in Europe. I think I’m right in thinking you don’t get your vat back now on leaving uk borders so it will vary from country to country
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5 July 2024, 12:39 AM | #12 |
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I use this website to give me an idea of what the refund will look like.
https://glocalzone.com/vat-refund-calculator I’ve found that sometimes it’s right on and other times it can be off a few percent. Also, some countries allow the retailer to limit the VAT that’ll be refunded. Make sure you ask how much you’ll be refunded before you buy. Refunds on large purchases typically take place at the airport on departure but occasionally you’ll find some that will do it in store, or maybe that depends on the country requirements. Sent from my iPhone using Tapatalk |
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