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15 June 2019, 03:59 PM | #1 |
"TRF" Member
Join Date: Apr 2017
Location: anaheim hills
Posts: 6
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asked for a full deposit for 15500
Long time lurker, learnt a lot from this forum.
so ad asked for a full payment deposit for 15500 without a definite delivery date, sometime later this year... what do you guys think? yay or nay?? |
15 June 2019, 05:59 PM | #2 |
"TRF" Member
Join Date: Jan 2019
Location: Switzerland
Watch: RO41, BLNR, LV,...
Posts: 60
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Full deposit if commitment on delivery date.
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15 June 2019, 06:21 PM | #3 |
"TRF" Member
Join Date: Jun 2017
Location: Los Angeles
Watch: 3970
Posts: 3,850
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I think this is par for the course; perhaps ask if it will be this year
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15 June 2019, 07:20 PM | #4 |
"TRF" Member
Join Date: Dec 2012
Real Name: Ash
Location: UK
Watch: AP Royal Oak
Posts: 4,544
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If you’re not known to the AD then full deposit is understandable, if you are known to the AD then I’d expect either no deposit or max 5K.
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15 June 2019, 11:43 PM | #5 |
"TRF" Member
Join Date: Feb 2012
Location: Dallas
Watch: 116520
Posts: 58
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I had no prior relationship or AP purchases and was asked to pay a 25% refundable deposit on my 15500.
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15 June 2019, 11:46 PM | #6 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 76,452
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As long as it’s fully refundable I’d say yes.
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15 June 2019, 11:58 PM | #7 |
"TRF" Member
Join Date: Jun 2018
Location: NY, NY
Watch: 15500Blue&26470IO
Posts: 107
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I’d go to an AP boutique, i paid 25% refundable deposit with a 4 month (received in only 6 weeks) delivery time frame for my 15500 from the bal harbour boutique.
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16 June 2019, 03:02 PM | #8 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Nov 2012
Location: USA
Watch: addiction issues
Posts: 37,176
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Eh better trust the AD because if they go under then you are out 20k. AP themselves take 25% but much safer leaving them my money than an AD.
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16 June 2019, 04:37 PM | #9 |
"TRF" Member
Join Date: Aug 2018
Real Name: Martijn
Location: Amsterdam
Watch: On the left wrist
Posts: 723
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Full deposit for a 15500ST?
No delivery date set? I would not go there. Maybe the AD will get one or two 15500ST pieces this year. And who will say he will deliver to you first? |
16 June 2019, 05:13 PM | #10 |
"TRF" Member
Join Date: Dec 2012
Real Name: Ben
Location: SIN & JKT
Watch: Rolex, AP, PP
Posts: 9,873
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This, and if you trust the AD.
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16 June 2019, 09:02 PM | #11 | |
Banned
Join Date: Mar 2014
Location: UK
Posts: 3,990
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Quote:
Why would you even entertain the notion of giving all your money to an entity you have absolutely no guarantee are still going to be in business in 3 months, 6 months, or 12 months time? Tell them if they seriously want your custom, they’ll phone you the minute it arrives and checked it over – you’ll be there within the hour to pay for it and have it sized. Remind them that banks are in the business of providing funds to improve cashflow, not you! |
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17 June 2019, 01:33 AM | #12 | |
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Join Date: Apr 2017
Location: anaheim hills
Posts: 6
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Quote:
Thanks again. |
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17 June 2019, 04:18 AM | #13 |
2024 Pledge Member
Join Date: May 2012
Real Name: Soly
Location: UK/US
Watch: Rolex, AP, PP
Posts: 3,089
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I paid in full for a blue dial 15500 but with a definite date/guarantee that I will have the first one in the country. I received it within 2 months. Next watch I ordered, I didn't even have to pay the deposit since it arrives in November, that was 6 months from my order date.
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17 June 2019, 06:34 AM | #14 |
"TRF" Member
Join Date: Aug 2017
Real Name: Troy
Location: Houston, TX
Watch: 16710 GMT, BBR
Posts: 926
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No way without a definite delivery date. That deposit is worth hundreds of dollars in interest depending on the time frame.
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17 June 2019, 11:28 AM | #15 |
"TRF" Member
Join Date: Feb 2018
Real Name: Tony
Location: New York
Watch: PP 5711/1a-011
Posts: 478
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I don't know that I would do it, unless they guarantee delivery in writing on a specific date, with the right to a full refund for any reason. AP boutique only asks for 25%, with a guaranteed delivery within the year. How big is this AD? Insisting on a full deposit might indicate liquidity issues with the shop...
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17 June 2019, 11:42 AM | #16 |
Banned
Join Date: May 2019
Location: Canada
Posts: 2,052
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So guaranteed delivery within six months. If you trust them, why not? Sure, it is a little unusual but, again, you are the only one with enough information to make the call. As others have said, there are alternatives but they may not be open, or an inconvenience, to you.
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