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3 January 2020, 09:13 PM | #1 |
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Canada deposit
So a local Canadian Rolex AD told me they can get me a 116610ln in about 6 months but I have to leave a deposit for 35 per cent of the total cost first. Is this normal?
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3 January 2020, 09:15 PM | #2 |
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Real Name: Brian (TBone)
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It may be the new normal yes. Do you have a purchase history with the AD? Where abouts are you located?
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3 January 2020, 09:55 PM | #3 |
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I assume no discounts and you will pay taxes. Why not go Grey and get the watch tomorrow. If you look at retail plus tax you, will be close on the Grey Market. Look at our Trusted Sellers here, get your watch and start wearing and enjoying it.
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3 January 2020, 09:58 PM | #4 |
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3 January 2020, 09:59 PM | #5 |
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Buying from outside of Canada after customs duties it ends up being a lot more and when I see these watches come up in Canada they are also a lot more than new after tax
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3 January 2020, 09:59 PM | #6 |
2024 ROLEX SUBMARINER 41 Pledge Member
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Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
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3 January 2020, 10:57 PM | #7 |
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If that’s the watch you really want, I’d do it. Maybe ask if it doesn’t come within X months, you get your money back. But I’d do it regardless. But I bet it comes sooner.
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3 January 2020, 11:18 PM | #8 |
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I’ve done this a couple times. I think I know the AD you are referring to and both times the watch came in earlier than expected. I know a lot of guys here scoff at the idea of paying a deposit, but in my view it guarantees you get the watch versus being put on a “list” that may or may not actually exist.
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4 January 2020, 04:36 AM | #9 |
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Location: Canada
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thanks all!
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4 January 2020, 04:41 AM | #10 |
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If he puts that in writing,you can pay the deposit of 35%.
If he doesnt want to,why not ? |
4 January 2020, 04:44 AM | #11 | |
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Quote:
I would ask for some sort of back-up or confirmation that a specific model will be reserved for you. |
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4 January 2020, 04:44 AM | #12 |
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In today's market, I would be more than happy to leave the deposit at the official AD, if that would secure the purchase of a desired piece.
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4 January 2020, 04:51 AM | #13 |
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4 January 2020, 05:05 AM | #14 |
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Go for it OP, buying grey in Canada is gonna get you skinned alive by the customs, sales taxes and current exchange rate with the US dollar. You should only do it for a good deal on a PM watch otherwise it's just not worth the trouble.
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4 January 2020, 05:08 AM | #15 |
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Interesting....my initial hunt in November 2019 for an E1 had all ADs telling me they wouldn't accept a deposit.
(in Southern Ontario - I was hunting from Toronto, as far West as London, and as far North as Collingwood) |
4 January 2020, 05:43 AM | #16 |
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Would you be willing to share which AD in a PM? Looking for the same model in Toronto
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4 January 2020, 07:57 AM | #17 |
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I just got a virtually unworn 2010 14060M from a trusted seller from this forum. Paid zero taxes and duties .
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4 January 2020, 08:59 AM | #18 |
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4 January 2020, 09:42 AM | #19 |
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4 January 2020, 09:49 AM | #20 |
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There's no rules per se but when there is a list of people waiting for any certain piece I'm sure the AD will call those who put money down before they call just a name written down. I recently called an AD out of state on another brand and was told pretty much the same thing, refundable deposit of course due to it being wanted with an ongoing list.
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4 January 2020, 09:51 AM | #21 |
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Totally normal for that model in Ontario. I’m actually surprised they’ve committed to getting it for you at all! If you want it, go for it. But remember the price went up - now $10.5 plus tax for the sub date.
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4 January 2020, 09:55 AM | #22 |
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Clarify whether the deposit can be returned should you change your mind / life circumstances
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4 January 2020, 10:15 AM | #23 |
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Location: Canada
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Canada deposit
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4 January 2020, 10:58 AM | #24 |
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4 January 2020, 11:24 AM | #25 |
"TRF" Member
Join Date: Feb 2016
Real Name: Ken
Location: Canada
Watch: Rolex 116610LV
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4 January 2020, 11:43 AM | #26 |
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Only if the deposit is 100% refundable - regardless.
Then no worries. Sent from my iPhone using Tapatalk |
4 January 2020, 12:02 PM | #27 |
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4 January 2020, 01:49 PM | #28 |
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No idea why . Maybe because it came from an individual and not a business ? Two Steinharts from Germany and Singapore garnered $110 and $29 tax and duty on declared values of $580 and $100 respectively recently before I purchased the Rolex .They did not satisfy the Rolex itch though.
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4 January 2020, 04:33 PM | #29 |
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Was this Raffi?????????
Make sure you read the fine print on your deposit. Heard many a complaints from others who left big deposits and when they no longer wanted to wait because 6 months was stretched to a year, Raffi would only give them an in store credit and not the return of funds. |
4 January 2020, 04:50 PM | #30 |
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yes i believe this would be raffi's in sq one im also on the same situation however i paid for the watch in full plus taxes and was told 6 months but i checked last couple weeks closer to my b-day they said around feb but this was ordered and paid for in october
good luck my friend |
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