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jparr · 20 August 2009, 06:44 AM

HI im new here and i was wandering ? Did most of you buy your rolex cash or credit ? I was thinking about credit but i dont know if it is best to do it or jus save till i have the money ..

Tools · 20 August 2009, 09:48 AM

I'm not sure how this is Rolex Watch related...

Personal finance is a personal choice. Some like to use credit cards and get card advantages, some like the Dealer financing...

For luxury items, I like to use a card for the miles etc., then pay it off when the bill comes in....... I don't think that it is prudent to pay anything additional in finance charges or interest...

DRAWTOOL · 20 August 2009, 10:16 AM

I use a debit card, that way I don't have to see my money go away... It just gets sucked outta my account electromologically.

Mike B · 20 August 2009, 10:21 AM

Credit Card for me, almost all the time. Then, pay it off within 1-2 months. Best way to do it IMO ! (next to cash of course).
If you don't have the money, then keep saving until you have what you want, then buy it IMO.

Numismatist · 20 August 2009, 10:28 AM

I think some have said that an AD will give a better discount for cash...

Art 1 · 20 August 2009, 10:48 AM

I ask my wife to write a check.

Idle Swede · 20 August 2009, 10:52 AM

Quote:

Originally Posted by Art 1

I ask my wife to write a check.

Let's swithch wifes for a couple of days.

rmcarlton · 20 August 2009, 10:55 AM

With any luxury item, I try to have the cash in the bank to back up the purchase.

onkyo · 20 August 2009, 11:01 AM

Credit for points then pay off immediately.

Always avoid finance charges.

pain888 · 21 August 2009, 12:50 AM

Quote:

Originally Posted by onkyo

Credit for points then pay off immediately.

Always avoid finance charges.

total agree

Dan Pierce · 21 August 2009, 12:55 AM

Quote:

Originally Posted by onkyo

Credit for points then pay off immediately.

Always avoid finance charges.

Absolutely!

dP

jms_w · 21 August 2009, 02:43 AM

I think the general concensus that pretty much everyone here has is that you should always have the cash to comfortably pay for your Rolex in FULL, whether you write a check, do a wire transfer, or use a credit card and pay it off immediately. When I say "comfortably" I mean that you don't blow your savings account and emergency fund. If you can pull a no interest deal like Jen and can pay it off at the end of the term, that would be ideal but those are difficult to find. I personally paid cash for both of mine.

viper · 22 August 2009, 08:46 AM

Quote:

Originally Posted by onkyo

Credit for points then pay off immediately.

Always avoid finance charges.

Welshwatchman · 20 August 2009, 11:35 AM

Tesco Credit Card for me, ugly blue thing, no glitz or razamatazz.

Watches, telly, PC, deposit on cars, food, clothes, tickets, holidays, everything really. Pay it off when the statement arrives same as the rest of you.

Points make prizes and last year's Xmas was paid for with the reward points.

ingoodtime · 20 August 2009, 11:45 AM

While I do not know anything about your financial means, Buying a Rolex is not chump change for a lot of us. Some scrimp and save, others charge, some do a combo of both. If you have the urge and just have to wear a Rolex now, then using credit may be the way to go. Some major stores offer different financing plans from 20 month no interest to maybe 9.9 % interest.The problem with that is most of those stores won't give you a nickle off if you get the interest free deal. So,you end up paying msrp.

No matter what you do, I wish you the best with your Rolex dream. Now that I own one, I know I want another.

I see a GMT in my future.

scoobydoo · 20 August 2009, 11:40 AM

Like Larry said, it really does boil down to personal preference and what you are comfortable with. For most products, if the seller is offering 0% financing, I am all over it, like white on rice. To me, it's free money and I know that I will pay it off before the promo period ends.

AIKO · 20 August 2009, 12:21 PM

Cash, credit is out!

ijen0311 · 20 August 2009, 12:22 PM

mine was 24 months no interest financing, so I used that.

clarencek · 20 August 2009, 12:30 PM

Cash / wire transfer... but I've never bought one new, all my rolexes are used (though two still had stickers on them. :-)

MortgageGuy · 20 August 2009, 03:36 PM

Well since I do mortgages for a living, I would say you would refinance your house to get the CASH out to buy as many Rolex as you want

Wait a minute, wasnt this what got our economy to where it is today???

Most definitely cash only or the card and payoff immediately. Rolex is pricey enough without having to add credit card finance charges on top of it all...

padi56 · 20 August 2009, 08:16 PM

Quote:

Originally Posted by ijen0311

mine was 24 months no interest financing, so I used that.

Now that is the best sort of credit interest free.

Chozn1 · 20 August 2009, 12:26 PM

Cash only for toys. Or on the credit card and paid off completely the day I get the bill.

keschete · 20 August 2009, 12:30 PM

Quote:

Originally Posted by jparr

HI im new here and i was wandering ? Did most of you buy your rolex cash or credit ? I was thinking about credit but i dont know if it is best to do it or jus save till i have the money ..

I used my credit card to buy the watch and get my rewards points and then I used cash to pay the credit card off before I accrued intrest and I got a $100 gas credit card as my reward!! Hehehe!

I wouldn't buy a luxury item like a watch unless you have the funds to buy it. Save up and get the watch when you have the money.

cwru32 · 20 August 2009, 04:03 PM

everyone is sugar coating!

so dont listen to them

if you dont have fiunds then dont buy it. if you have and have no savings dont buy it ( eventho i did)
next, most stores dont like CC for this type of purchases. if you pay cash u can get 3% discount!

TSW · 20 August 2009, 04:06 PM

Amex or cash.

dmontic71 · 21 August 2009, 10:47 AM

If you have to finance then I would wait... Sometimes the thrill of the pursuit is better than the capture!

SeaDweller1220 · 21 August 2009, 01:44 PM

0% intrest BABY!!!!!
I have the money and make my best deal and then put it on my AD's account.
Bought my:
SD in 2006 10% off MSRP and 18 month/0%
SS Daytona in 2008 MSRP and 24 month/0%
SS GMT II-C in 2009 18% off MSRP 3 month/0%.
ONLY as long as you have the cash available.
Don't miss a payment or you pay finance charges!!!!

maverick · 21 August 2009, 01:52 PM

AMEX (I like the points also) or cash.

=) maverick

walds11 · 21 August 2009, 07:19 PM

Good stuff, but make sure you pay off the bills when the promo periods are over. A lot of jacka**es for get to do that. LOL!

Quote:

Originally Posted by SeaDweller1220

0% intrest BABY!!!!!
I have the money and make my best deal and then put it on my AD's account.
Bought my:
SD in 2006 10% off MSRP and 18 month/0%
SS Daytona in 2008 MSRP and 24 month/0%
SS GMT II-C in 2009 18% off MSRP 3 month/0%.
ONLY as long as you have the cash available.
Don't miss a payment or you pay finance charges!!!!

Z-Sub · 23 August 2009, 04:20 PM

Credit whenever possible to earn points and cash only if discount justifies it.

20 August 2009, 06:44 AM	#1
jparr "TRF" Member Join Date: Aug 2009 Location: wabash,IN Posts: 4	Cash ir Credit? HI im new here and i was wandering ? Did most of you buy your rolex cash or credit ? I was thinking about credit but i dont know if it is best to do it or jus save till i have the money ..

20 August 2009, 09:48 AM	#2
Tools TRF Moderator & 2025 Titanium Yacht-Master Patron Join Date: May 2007 Real Name: Larry Location: Mojave Desert Watch: GMT's Posts: 43,672	I'm not sure how this is Rolex Watch related... Personal finance is a personal choice. Some like to use credit cards and get card advantages, some like the Dealer financing... For luxury items, I like to use a card for the miles etc., then pay it off when the bill comes in....... I don't think that it is prudent to pay anything additional in finance charges or interest... __________________ (Chill ... It's just a watch Forum.....) NAWCC Member

20 August 2009, 10:28 AM	#5
Numismatist "TRF" Member Join Date: Nov 2007 Real Name: Chris Location: Camden ME & STT Watch: 116600 Posts: 6,350	I think some have said that an AD will give a better discount for cash... __________________ Rolex 116600 Sea-dweller Montblanc Solitaire Doué Black & White Legrand FP Montblanc Solitaire Doué Black & White RB Montblanc Meisterstück Diamond Mozart BP Montblanc Meisterstück Mozart BP

21 August 2009, 02:43 AM	#12
jms_w "TRF" Member Join Date: Dec 2007 Location: East Coast Watch: 116710LN Posts: 557	I think the general concensus that pretty much everyone here has is that you should always have the cash to comfortably pay for your Rolex in FULL, whether you write a check, do a wire transfer, or use a credit card and pay it off immediately. When I say "comfortably" I mean that you don't blow your savings account and emergency fund. If you can pull a no interest deal like Jen and can pay it off at the end of the term, that would be ideal but those are difficult to find. I personally paid cash for both of mine. __________________ 116520\|116610LV\|116710LN\|16613\|16233 244 232.30.42\|3222.80 A2332212 CFX-200\|Riseman\|GW-M5610

20 August 2009, 11:35 AM	#14
Welshwatchman "TRF" Member Join Date: Apr 2006 Real Name: Paul Location: Wales, UK Posts: 14,578	Tesco Credit Card for me, ugly blue thing, no glitz or razamatazz. Watches, telly, PC, deposit on cars, food, clothes, tickets, holidays, everything really. Pay it off when the statement arrives same as the rest of you. Points make prizes and last year's Xmas was paid for with the reward points. __________________ ..33

20 August 2009, 10:16 AM	#3
DRAWTOOL "TRF" Member Join Date: Apr 2009 Real Name: Mikey Uí Néill Location: Olden Texas Watch: 14060M & 16570 Posts: 1,941	I use a debit card, that way I don't have to see my money go away... It just gets sucked outta my account electromologically.

20 August 2009, 10:21 AM	#4
Mike B "TRF" Member Join Date: Jun 2008 Real Name: Mike Location: Gilbert, AZ Watch: DSSD, Omega SMP Posts: 3,055	Credit Card for me, almost all the time. Then, pay it off within 1-2 months. Best way to do it IMO ! (next to cash of course). If you don't have the money, then keep saving until you have what you want, then buy it IMO.

20 August 2009, 10:48 AM	#6
Art 1 Banned Join Date: Feb 2008 Location: Florida, Canada Watch: Rol/Seik/Tud/Omega Posts: 30,244	I ask my wife to write a check.

20 August 2009, 10:55 AM	#8
rmcarlton "TRF" Member Join Date: Oct 2007 Real Name: Monty Location: Georgia Watch: Sub LV Posts: 787	With any luxury item, I try to have the cash in the bank to back up the purchase.

20 August 2009, 11:01 AM	#9
onkyo Banned Join Date: Apr 2008 Real Name: Pav Location: Manhattan Posts: 11,495	Credit for points then pay off immediately. Always avoid finance charges.

20 August 2009, 11:45 AM	#15
ingoodtime "TRF" Member Join Date: Sep 2008 Location: USA Posts: 2,834	cash or credit?? While I do not know anything about your financial means, Buying a Rolex is not chump change for a lot of us. Some scrimp and save, others charge, some do a combo of both. If you have the urge and just have to wear a Rolex now, then using credit may be the way to go. Some major stores offer different financing plans from 20 month no interest to maybe 9.9 % interest.The problem with that is most of those stores won't give you a nickle off if you get the interest free deal. So,you end up paying msrp. No matter what you do, I wish you the best with your Rolex dream. Now that I own one, I know I want another. I see a GMT in my future.

20 August 2009, 11:40 AM	#16
scoobydoo Member Join Date: Jun 2009 Real Name: MD Location: Central, PA Watch: The "Hulk" Posts: 115	Like Larry said, it really does boil down to personal preference and what you are comfortable with. For most products, if the seller is offering 0% financing, I am all over it, like white on rice. To me, it's free money and I know that I will pay it off before the promo period ends.

20 August 2009, 12:21 PM	#17
AIKO "TRF" Member Join Date: Nov 2008 Location: South Carolina Posts: 1,937	Cash, credit is out!

20 August 2009, 12:22 PM	#18
ijen0311 "TRF" Member Join Date: Dec 2008 Real Name: Jen Location: Jax, FL Watch: Sea-Dweller Posts: 3,977	mine was 24 months no interest financing, so I used that.

20 August 2009, 12:30 PM	#19
clarencek "TRF" Member Join Date: Apr 2009 Location: New York Posts: 400	Cash / wire transfer... but I've never bought one new, all my rolexes are used (though two still had stickers on them. :-)

20 August 2009, 03:36 PM	#20
MortgageGuy "TRF" Member Join Date: Jun 2009 Real Name: Adam Location: Orlando, Florida Watch: Me Posts: 9,935	Well since I do mortgages for a living, I would say you would refinance your house to get the CASH out to buy as many Rolex as you want Wait a minute, wasnt this what got our economy to where it is today??? Most definitely cash only or the card and payoff immediately. Rolex is pricey enough without having to add credit card finance charges on top of it all... __________________ The richest people in the world look for and build NETWORKS, Everyone else looks for work... Robert Kiyosaki

20 August 2009, 12:26 PM	#22
Chozn1 "TRF" Member Join Date: Jan 2008 Location: South GA Watch: Sub and President Posts: 1,501	Cash only for toys. Or on the credit card and paid off completely the day I get the bill. __________________ Current Models... (K)Bluesy (M) TT DJ In search of DayDate Prior models... Just about everything.

20 August 2009, 04:03 PM	#24
cwru32 "TRF" Member Join Date: Aug 2008 Location: Edmonton Watch: GMT IIC TT Posts: 443	everyone is sugar coating! so dont listen to them if you dont have fiunds then dont buy it. if you have and have no savings dont buy it ( eventho i did) next, most stores dont like CC for this type of purchases. if you pay cash u can get 3% discount! __________________ بدست من امروز جز این قلم نیست، باری خدمتی میکنم ـ ابوالفضل بیهقی

20 August 2009, 04:06 PM	#25
TSW "TRF" Member Join Date: Feb 2009 Real Name: TSW Location: Le Brassus Watch: Rolex & AP's Posts: 27,449	Amex or cash. __________________ AP Owners Club IG @swiss.watch.connection

21 August 2009, 10:47 AM	#26
dmontic71 Member Join Date: Jul 2009 Real Name: Dave Location: Tampa, FL Watch: Rolex Explorer II Posts: 33	Cash... If you have to finance then I would wait... Sometimes the thrill of the pursuit is better than the capture!

21 August 2009, 01:44 PM	#27
SeaDweller1220 "TRF" Member Join Date: Jan 2008 Real Name: Morten Location: Delaware Watch: SD, Daytona, GMT-C Posts: 273	0% intrest BABY!!!!! I have the money and make my best deal and then put it on my AD's account. Bought my: SD in 2006 10% off MSRP and 18 month/0% SS Daytona in 2008 MSRP and 24 month/0% SS GMT II-C in 2009 18% off MSRP 3 month/0%. ONLY as long as you have the cash available. Don't miss a payment or you pay finance charges!!!! __________________ Current collection: Sea Dweller, SS Daytona, Hulk, Batman, DSSD D-Blue, SS Daytona-C, Pepsi-C

21 August 2009, 01:52 PM	#28
maverick Banned Join Date: May 2005 Real Name: maverick Location: Prescott Watch: Rolex Posts: 1,175	AMEX (I like the points also) or cash. =) maverick

23 August 2009, 04:20 PM	#30
Z-Sub 2025 Pledge Member Join Date: Jun 2008 Location: So Cal, USA Watch: Not a ONEWatch Man Posts: 7,383	Credit whenever possible to earn points and cash only if discount justifies it. __________________ SS Submariner Date "Z" SS SeaDweller "D" SS Submariner "Random" TT Blue Submariner "P" SS GMT-Master ll "M", Pepsi Pam 311, 524, 297

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