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12 August 2024, 01:21 PM | #1 |
"TRF" Member
Join Date: Jan 2019
Location: North Carolina
Posts: 133
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Take the hit or hang on?
It’s been awhile since I posted about my impulse buy of a 2023 DJ 41 from an AD. It’s a nice watch, but I’ve not bonded with it nor do I wear it often. It largely sits unused in the case.
The resale market is weak, but I can sell it for about a 20% loss to a local dealer, much of it related to the high sales tax where I live. Excluding the sales tax his offer is 13% below retail. I’d rather not take the loss, but frankly the hit isn’t significant. The bigger issue is the lack of use, and my feeling that not using the watch makes little sense. I’ve placed it for sale locally, but realistically it will be challenging to move it. Even if I do, the difference may amount to $1k or so compared to the dealer offer. Again, it’s not the financial decision that has me holding on, it’s more a question of wearing it, finding I still don’t use it as much as I thought I would, and finding that the extra wear makes it even harder to sell. The dealer is a friend, suggesting that I keep it, noting that markets change and it really is a nice watch. My son has Rolex and Omega watches I’ve handed down. My young grandsons are all under 10, and watch inheritance isn’t much of an issue. How would you suggest I consider my option? Have any of you had a similar situation, and how what did you do? |
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