DSSD - easy discount??

[Oryx]

There is no reason that you shouldn't be offered 10 - 15% off list plus the full VAT back as a non UK resident. The refund of the VAT does not cost the retailer anything and so this you not be factored into the deal. You should be aiming to get at least £1,000 off plus the VAT refunded. The current discount of £550 is measly in my opinion.

[JP Chestnut]

Originally Posted by JGX

$9K is roughly (give or take) what the OP would pay (assuming a decent discount and 16.6% VAT back) for a BNIB one from an AD with full warranty here in the UK.

Thanks for the information. That's a great deal for sure, which is fairly specific to his situation due to the VAT reduction. I suppose I was speaking more generally and with a US centered frame of reference. For instance, to achieve that deal in the US, you would need a 25% discount plus somehow get out of paying sales tax. That's a tall order!

[kultschar]

Originally Posted by JGX

Yes, with the VAT refund it's a good price but I can't but help feel that £550 is a little 'mean' for a loyal customer. As has been said, I'd expect to see at least £800 off.

Yes you are correct, £550 is obviously not 10% but I guess still a discount.

Suppose there are a few ways to see it really, firstly im originally from the UK and not used to having tax free purchases so I guess from this point of views im getting a pretty good deal for a BNIB DSSD.

I think the total is £6200ish delivered (rrp is £8050) hence a saving of £1800ish which is fair chunk off and I guess in a few months the rrp is likely to go up to at least 8.5K

Ive noticed used ones are creeping up to 6K in the UK on various forums etc

I guess I could negotiate a bit more however maybe being over the top?

I think because of the large VAT deduction they may be skimping on the AD discount.

[JGX]

Originally Posted by JP Chestnut

Thanks for the information. That's a great deal for sure, which is fairly specific to his situation due to the VAT reduction. I suppose I was speaking more generally and with a US centered frame of reference. For instance, to achieve that deal in the US, you would need a 25% discount plus somehow get out of paying sales tax. That's a tall order!

Yea we get hammered for sales tax in the UK (currently 20%) so with say a 10% discount, you're looking at getting nearly 27% off!

kultschar,

I think they are skimping more than a bit. Personally, I'd push for the 10% or go down the signet shareholders card route.

[Oryx]

Kultschar you are missing the point here. The refund of VAT is irrelevant to the discount you reveive. I have been a non UK resident for a number of years and have received VAT refunds. Your question was if you are getting a good deal and the answer, quite simply, is no you are not.

The VAT refund in no way impacts the margin made by the retailer and so does not have any bearing on the discount.

You are displaying some of the signals of someone that is desperate to get the watch and is looking for justification to support your assertion that you are getting a good deal - trying to predict future price riaes etc is also a futile and irrelavent exercise.

You need to decide if you are desperate to get the watch at an "okish" price or whether you want to get the best deal possible.

If it is the latter then from my experience you should be saving another £500 on this purchase at least.

[RJC]

Originally Posted by kultschar

Quite a few UK members have mentioned that the DSSD can be had with significant discounts in the UK, I know some people like to boast and can sometimes exaggerate % figures

So VERY true!!!

[kultschar]

Originally Posted by Oryx

Kultschar you are missing the point here. The refund of VAT is irrelevant to the discount you reveive. I have been a non UK resident for a number of years and have received VAT refunds. Your question was if you are getting a good deal and the answer, quite simply, is no you are not.

The VAT refund in no way impacts the margin made by the retailer and so does not have any bearing on the discount.

You are displaying some of the signals of someone that is desperate to get the watch and is looking for justification to support your assertion that you are getting a good deal - trying to predict future price riaes etc is also a futile and irrelavent exercise.

You need to decide if you are desperate to get the watch at an "okish" price or whether you want to get the best deal possible.

If it is the latter then from my experience you should be saving another £500 on this purchase at least.

To be honest I'm not desperate however will *fully* admit inexperienced with negotiating with ADs.

The other very important thing that I must mention with regards to going to another AD is that only one courier delivers here from UK and only DHL from USA. UK's Royal Mail does not cover more then £250 insurance to my location. DHL have all sorts of clauses about watches and jewellery (believe maxes out at £800 insurance wise)

One benefit of my AD is that they are happy to send here and the watch is covered with their own shop insurance which is a huge plus. This delivery problem prevents me from doing deals with the US sellers here which give good deals. I have not found another AD in UK willing to send out to me VAT free either with their own insurance. This is a very important factor in all this also (although does not have anything to do with discounts etc but I am at a disadvantage unless I go on vacation however that would not help financially savings wise lol)

Maybe haggle down to 6K then

[kultschar]

Originally Posted by JGX

Yea we get hammered for sales tax in the UK (currently 20%) so with say a 10% discount, you're looking at getting nearly 27% off!

kultschar,

I think they are skimping more than a bit. Personally, I'd push for the 10% or go down the signet shareholders card route.

Yeah I think will try my negotiating skills and see what happens

[JP Chestnut]

I agree with you that the dealer is doing you a service by being willing to ship and insure. I probably wouldn't try to squeeze them due to this and the fact that you're getting a good deal (all things considered).

[kultschar]

Originally Posted by JP Chestnut

I agree with you that the dealer is doing you a service by being willing to ship and insure. I probably wouldn't try to squeeze them due to this and the fact that you're getting a good deal (all things considered).

This does have a huge factor really as not likely to solve delivery probs with other sellers. US sellers is sadly out of the question.

Checking the great deals here on TRF from reputable sellers, recent past deals have ranged around US $10,200ish for BNIB and this deal is under 10K delivered etc

Actual discount I'm being given by AD works out at 6.8% (then of course VAT off discounted amount)

[Oryx]

In order to calculate the discount you need to remove the VAT first - so the net of VAT price is the gross price of the watch divided by 1.2 (20% VAT) which gives you the net of VAT price you will be paying. You should compare this to the rrp net of VAT - i.e RRP price divided by 1.2. Divide the net of VAT price you are being offered by the net of VAT RRP price and then subtract 1 this will give yout the % discount.

You need to be happy with all parts of the transaction and so should go with the dealer that gives you the best overall service - seems like the one you have in mind meets that criteria. Although it is still worth trying to get the price down a bit more - especially when you are ready to move on the purchase.

[Kaylesdad]

Go in with cash deduct 10% slap it on the table and say take it or leave it to the dealer. No fear of loss. If they refuse take your cash and move on. VAT. is irrelevant

[Oryx]

Agree with that Kaylesdad - entice the AD with the fact that you are ready to move and will buy subject to the agreement of a discount of x%. The prospect of securing a sale there and then should hopefully be enough to make the dealer agree.

[Dream99]

As I understand things with AD discounts from Rolex dealers Ive dealt with in the Uk are as follows.
All Sports watches in SS = zero discounts. (GMT's, SUB's, Daytona's and DSSD's)
Bi metal watches including all of the above (Except DSSD) = around 10-12% Discount
All Gold watches around 15-20% discount.
As an Example: I purchased a Platinum/SS Yachtmaster yesterday from an AD in Wales and got 13.5% discount.

[ChuckFinlay]

Time for Signet use is running out, my local EJ's windows are looking very sad now.

The other AD I try and use, Fraser Hart, refused point blank a discount on my 114060.

Anyway, an Irish AD I use was happy to discount, and funnily enough, FH still have their's sitting in the window unsold.

[Oryx]

I have brought many Rolex sports watches from UK AD's and have always got a discount to the rrp.

You need to avoid the large chains like E/J or Goldsmiths as they normally offer little or no discount on SS models.

[Kelvinwong]

You want a great discount? Go with Davidsw !!!

[RolexDivers]

I seriously doubt any AD will give you a substantial discount on the
GOD OF DIVERS = DSSD. I doubt the discount would be any larger than
that on the SUB C ----

[AnnemarieGirl]

Originally Posted by Dream99

As I understand things with AD discounts from Rolex dealers Ive dealt with in the Uk are as follows.
All Sports watches in SS = zero discounts. (GMT's, SUB's, Daytona's and DSSD's)
Bi metal watches including all of the above (Except DSSD) = around 10-12% Discount
All Gold watches around 15-20% discount.
As an Example: I purchased a Platinum/SS Yachtmaster yesterday from an AD in Wales and got 13.5% discount.

Amazed you got such a generous discount on the YM as this is also categorised as a SS model (with a little bit of platinum) but well done. I have not had this experience with any of my local ADs although not ventured across the bridge into Wales just yet. Which place did you go to? Went to both Goldsmiths in Bristol and to Mallorys of Bath. 0% discounts offered from all three.

AM.