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Old 4 November 2008, 10:33 AM   #1
bigterpsfan
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Icon10 Buyer's Remorse

I am really close to purchasing the SS GMT-IIc. I am just a bit nervous about laying down that type of cash. The most I have have every spent on a watch before this was $600 on a Gucci (don't laugh - I didn't know any better back then) and that was 10 yrs ago when I was 26. Please tell me about your holy cow what have I just done stories. Thanks!
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Old 4 November 2008, 10:35 AM   #2
redshirt1957
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If it's in your budget.

If you are paying cash.

If you don't need the money anytime soon.

If you really like it.

Go for it.
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Old 4 November 2008, 10:40 AM   #3
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No regrets here. I waited over a year to get my GMTIIc, and it is the best money ever spent on a watch. Buyers remorse only occurs when you buy something stupid like a wedding ring!
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Old 4 November 2008, 10:42 AM   #4
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Read the Redneck.
Can you afford it?
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Old 4 November 2008, 10:44 AM   #5
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Well, just got my first and I can tell you that every time I look at my wrist I regret not having done it sooner. All those years wasted with crummy watches!!
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Old 4 November 2008, 10:50 AM   #6
bigterpsfan
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Define afford. Is my house paid off......no! Can I retire now....no! But do I have "extra cash" in the bank that I am not going to use anytime soon.....yes!
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Old 4 November 2008, 10:50 AM   #7
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Quote:
Originally Posted by bigterpsfan View Post
I am really close to purchasing the SS GMT-IIc. I am just a bit nervous about laying down that type of cash. The most I have have every spent on a watch before this was $600 on a Gucci (don't laugh - I didn't know any better back then) and that was 10 yrs ago when I was 26. Please tell me about your holy $hiT what have I just done stories. Thanks!
no holy shit here. Just don't go beyond your means and you will be fine.
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Old 4 November 2008, 10:52 AM   #8
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I say go for it!
also save yourself a ton of money and buy from a seller here on the forum,we have our very own for sale section..
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Old 4 November 2008, 10:59 AM   #9
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It's a watch, not a wife!
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Old 4 November 2008, 11:00 AM   #10
dean mack
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what the hell if you need cash down the track mate sell a kidney, or even better get your missus to flog one of hers!!
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Old 4 November 2008, 11:03 AM   #11
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My Holy shit was working for a big name company that wasn't paying me shit then leaving and starting a new career in 2003 which paid me much more $. Then getting a letter in the mail for a class action lawsuit filed by a former manager of said company and signing on that dotted line to gladly opt in. Here's the holy shit, 4 months later I got a check in mail to go buy my SS Gmt IIc with cash and plenty left in my pocket. Best payback I and a few thousand others got from that crap-ass company, all be it 4 and a half years after I left.
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Old 4 November 2008, 11:06 AM   #12
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If you can afford it, go for it.
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Old 4 November 2008, 11:10 AM   #13
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Buy it and get some scratches on it. Rinse. Repeat.
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Old 4 November 2008, 11:11 AM   #14
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I bought a 1K Movado back in college. I didn't know watches well and thought that watch looked cool. It still sits in my safe doing nothing for me.

But you can't go wrong with a SS GMT Rolex. At 36yo, you've waited too long already! I'm 34yo, and I just got my first Rolex, and wish I had bought one 10 or 15 years ago. Prices have really gone up over the years. The GMT is an everyday, every occasion watch. You definately will get plenty of enjoyment for what you pay for it.
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Old 4 November 2008, 11:18 AM   #15
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The only time I've had serious doubts about my watch purchase is when I've bought brands other than Rolex.

Get the GMT, you will not regret it
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Old 4 November 2008, 11:18 AM   #16
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Consider it as a transfer of funds. In this current climate if you can buy a SS GMT IIc for RRP or less then go for it. IMO prices from Rolex are not about to go down.
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Old 4 November 2008, 11:22 AM   #17
dro57
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Originally Posted by redshirt1957 View Post
If it's in your budget.

If you are paying cash.

If you don't need the money anytime soon.

If you really like it.

Go for it.

X2

Bottom line, if you can afford it, go for it. If you are debt heavy or have any debt outstanding forget it.
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Old 4 November 2008, 11:24 AM   #18
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Absolutely no regrets. If you are getting a good price (i.e. shopping from some of the great TRF members in here), you can't go wrong. If you hate the watch (which you won't --- you'll love it), you can always turn back around and sell it. Try doing that with a Gucci. That's the beauty behind the Rolex brand --- awesome watch and if you don't like it, sell it ... like cash in the bank (making interest).
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Old 4 November 2008, 11:35 AM   #19
bigterpsfan
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dro57 - well i do have debt - house - but that is it - so that doesn't count :)
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Old 4 November 2008, 11:40 AM   #20
dro57
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dro57 - well i do have debt - house - but that is it - so that doesn't count :)

If that mortgage isn't killing you, you sound like me. That's the only debt I carry. I own my cars, fattened up my pension plan & 457 and disposible income with kid grown up moved out....life is good and three years from retirement. Ah yes...I see my DD yellow on the horizon
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Old 4 November 2008, 11:40 AM   #21
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If you can pay cash do it

I look back on the watches I bought on the way to owning a Rolex and think that if I had just dropped the cash then on what I really wanted I would have been ahead! Do it and enjoy!
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Old 4 November 2008, 11:43 AM   #22
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Quote:
Originally Posted by Cato View Post
I bought a 1K Movado back in college. I didn't know watches well and thought that watch looked cool. It still sits in my safe doing nothing for me.

But you can't go wrong with a SS GMT Rolex. At 36yo, you've waited too long already! I'm 34yo, and I just got my first Rolex, and wish I had bought one 10 or 15 years ago. Prices have really gone up over the years. The GMT is an everyday, every occasion watch. You definately will get plenty of enjoyment for what you pay for it.
Amen to that! I wanted one from high school on and just kept putting it off because of the cost. Finally bought a pre-owned one when I was about in my early forties. Wore it for about 20 years and loved every day of it. Every time I looked at it I got a good feeling. Recently I've bought 3 new ones and I only regret not getting a new one sooner. Unless you're starving the cost will fade quickly and all you'll have left is the joy. Good luck!
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Old 4 November 2008, 11:49 AM   #23
bigterpsfan
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I am doing the right things - maxing out my 401k, saving a bit, paying down extra on my mortgage - I did not mention a $250 monthly car payment but it is minimal
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Old 4 November 2008, 12:06 PM   #24
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It sounds like you are doing the right things, GO FOR IT !


Quote:
Originally Posted by bigterpsfan View Post
I am doing the right things - maxing out my 401k, saving a bit, paying down extra on my mortgage - I did not mention a $250 monthly car payment but it is minimal
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Old 4 November 2008, 12:08 PM   #25
dro57
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It sounds like you are doing the right things, GO FOR IT !
Ditto...pull the trigger. The grin on your face when you walk out with it will be priceless
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Old 4 November 2008, 12:26 PM   #26
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Go for it. I look at it this way. Having a Rolex on my wrist is like having money in the bank. You can always sell it and sometimes make money with a Rolex. I dont know a whole lot of other watches that you can do that with.
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Old 4 November 2008, 12:35 PM   #27
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I had never spent more than $220 for a watch.

For decades, I thought accuracy was king.

I still do, but there are other factors to consider.

I thought anyone who spent thousands on a watch was deluded.

As I began to accumulate watches and to study watches and to look at watches and to talk to people about watches, I began to want at least one "prestige" watch.

I settled on a Rolex Explorer and dropped about $5200 on one about a month ago.

I have not had one seconds worth of regret.

If love watches and you buy a watch you want and if you have the means to pay for it, what's to regret?
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Old 4 November 2008, 12:38 PM   #28
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Holy Sh*t for me was, after spending a week deciding, jumping and leaving the company I worked at for 30 years. I left for a fine gig and paid in taxes almost what I grossed working for my former establishment. Then my $360 Seiko Kinetic (now that was a Holy Sh*t expense for a mere wrist watch on my old salary) quit and I was shown the error of my ways by my little brother, who suggested I look at a Rolex. 6 Rolexes in 6 months paid for in cash- is now my Holy Sh*t!!
Don't over extend yourself. Pay cash for it and you'll be ok. This is a really crappy time to run up a big credit card balance at 24% APR.
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Old 4 November 2008, 12:49 PM   #29
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you're never regret it, I purchased my first brand-new Rolex ( submariner) when the price was $3899
five years down the road I can't even keep up with what it's worth I just recently received the back from the Rolex service center looks brand-new. that watch will never be flip it will be passed on to my son.
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Old 4 November 2008, 01:27 PM   #30
ajfjunior
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i bought the same watch a few weeks ago...and i love it, follow your heart.
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