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rb250 · 1 April 2016, 10:38 AM

Buy on TRF and look for a good deal if you can afford it. Buy from a trusted seller.

ernie2 · 1 April 2016, 11:05 AM

This is a blunt but true answer. If you cannot swing the cash to buy it out right, with discount or not, this watch is not for you

rollerballer · 1 April 2016, 01:05 PM

I find myself keeping a watch for a longer period if I opt for 0% interest financing.

NeoAnderson · 1 April 2016, 01:23 PM

Do whatever you feel is most comfortable. Financing is a good tool when used correctly for the borrower. The lender is betting against you proper use.

koshiru · 1 April 2016, 01:51 PM

I got mine with 0% financing and max discount for my PM Greenie

Watch@ddict · 1 April 2016, 02:16 PM

Outright. Wu tang clan said it best. Cash rules everything around me, CREAM

greanie · 2 April 2016, 12:07 AM

Lots of good Feedback!

Opinions, Thoughts, and Personal feelings !!! All very welcome.

superdog · 2 April 2016, 01:10 AM

I really don't like owing anyone anything.

I pay for just about everything in cash. I do use my Amex to get points, but then I pay it off the very next day.

The way I see it:

People tend to increase their confidence and then their spending as they start to begin making more money.

Often times, that leads into creating more debt with the purchase of houses, cars, vacations, watches, etc..

Then the bottom drops, economy softens, oil falters, earners get sick, or any number of things that can happen.

The big monthly nut, based on a lot of debt that is on a monthly cycle, gets a lot tougher to pay.

I realize that my viewpoint comes from a place of anxiety. But I have seen way too many wealthy people go into a valley that they can't climb out of because when things got tough, their bills were just way too high.

I pay off everything. My monthly nut is lower than it was when I was 22, and I am now 42.

I would never ever suggest buying anything, especially a luxury item with credit. Cash is king. (of course, taking advantage of points and then the quick payoff is the same thing in my mind).

RICHARD_LEWIS · 2 April 2016, 01:19 AM

My personal preference is to save and buy outright when I've got the money to do so - I'm not a fan of finance, even when offered 0%.

I'd love to buy my 2nd Rolex, but right now I've got more important things which need to be addressed first. Once they're sorted, then I'll think about the next watch. After all, a Rolex (or Patek, etc) is a luxury, not a necessity.

Spartacus · 2 April 2016, 01:48 AM

I would not finance, I would advise to anyone who is financing through an AD to make sure you understand how the financing works and make sure you fully understand the ramifications of using the AD's mode/method of their financing option.

lzz73 · 2 April 2016, 03:28 AM

Let's say you are going to buy a new Sub (which I believe is $8,850 if not mistaken), and you're offered 30 months and 0%. Equal payments of 8,850/30 = 295/month.

Because it's a sub, there's no wiggle room on price, and the price is firm. You have the cash in hand and can either buy it outright (period 0) or finance over 30 periods.

If you buy outright, the cost = Present Value = 8,850.

If you finance at 0%, then the 295 you pay per month must be discounted back to period 0. I assumed a 2% annual discount rate. In that case, you end up paying $8,625 and change.

Cost pay cash = 8,850
Cost finance (0%) = 8,625

So, even if you had the cash in hand, it might be wise to finance. Of course, there are other variables that must be considered like credit card points or miles, hassle-free, etc. that other members have pointed out.

It's a personal choice, and case by case. But at least you can see where financing might benefit.

Rolexing24_7 · 2 April 2016, 04:23 AM

pay for it cash

doubleinfive · 2 April 2016, 06:35 AM

Doesn't matter how you acquired it as long as you have it...

Porter · 2 April 2016, 07:30 AM

Clear for me...CASH! I think credits are for urgent and unaffordable "situations". If I don't have the money I don't buy.

Jaycnyp · 2 April 2016, 08:48 AM

0% or some killer deal to finance, then finance. Otherwise cash!

RolexxxeloR · 2 April 2016, 09:07 AM

You'll get these guys on here who'll talk about the time value of money, and how you could put your money to work elsewhere (opportunity cost) to beat any apr, etc... While these options are all viable, why not just buy the watch if you have the money? If you're looking at financing a watch and using the time value of money concept, or opportunity cost, etc..., you may be looking for ways to justify a purchase you're not yet able to afford.

Baco Noir · 2 April 2016, 09:15 AM

Just bought an Explorer II on my AMEX that gives me 2% back directly into my Fidelity account and will pay the bill off in full as I do every month.

VinnieVegas · 2 April 2016, 09:18 AM

I honestly don't think an item like a very nice watch should be bought on credit. Save up and buy it, and enjoy your timepiece.

RolexxxeloR · 2 April 2016, 09:25 AM

Quote:

Originally Posted by Baco Noir

Just bought an Explorer II on my AMEX that gives me 2% back directly into my Fidelity account and will pay the bill off in full as I do every month.

To me, this is the same as paying cash. No question.

superdog · 2 April 2016, 09:52 AM

Quote:

Originally Posted by RolexxxeloR

To me, this is the same as paying cash. No question.

Agree.

1 April 2016, 01:51 PM	#35
koshiru "TRF" Member Join Date: Dec 2008 Location: Rolex Land Posts: 119	I got mine with 0% financing and max discount for my PM Greenie __________________ ******************************************* 116231 Roman Sun Dial \| 116613 Blue Submariner 17000 OysterQuartz White Roman \|17013 OysterQuartz Blue Dial 16710 GMT II Pepsi \| 116718 GMT II Green 126711CHNR GMT II Rootbeer \| 116523 Daytona Racing Blue \| 118338 President Day Date MOP Pavé Dial

1 April 2016, 02:16 PM	#36
Watch@ddict "TRF" Member Join Date: Dec 2015 Real Name: Kevin M. Location: Los Angeles Watch: GMT2C/LVC/SSYM1/Da Posts: 180	Outright. Wu tang clan said it best. Cash rules everything around me, CREAM __________________ Speed, price, and quality...you only get 2.

2 April 2016, 01:10 AM	#38
superdog 2024 Pledge Member Join Date: Oct 2011 Real Name: Seth Location: nj Watch: Omega Posts: 24,827	I really don't like owing anyone anything. I pay for just about everything in cash. I do use my Amex to get points, but then I pay it off the very next day. The way I see it: People tend to increase their confidence and then their spending as they start to begin making more money. Often times, that leads into creating more debt with the purchase of houses, cars, vacations, watches, etc.. Then the bottom drops, economy softens, oil falters, earners get sick, or any number of things that can happen. The big monthly nut, based on a lot of debt that is on a monthly cycle, gets a lot tougher to pay. I realize that my viewpoint comes from a place of anxiety. But I have seen way too many wealthy people go into a valley that they can't climb out of because when things got tough, their bills were just way too high. I pay off everything. My monthly nut is lower than it was when I was 22, and I am now 42. I would never ever suggest buying anything, especially a luxury item with credit. Cash is king. (of course, taking advantage of points and then the quick payoff is the same thing in my mind). __________________ If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff)

2 April 2016, 09:15 AM	#47
Baco Noir "TRF" Member Join Date: Dec 2007 Real Name: Roger Location: Colorado Watch: this ya'll Posts: 4,961	Just bought an Explorer II on my AMEX that gives me 2% back directly into my Fidelity account and will pay the bill off in full as I do every month. __________________ Current Collection: Rolex 126619LB, 116710BLNR, and 216570 polar Explorer II; Omega Apollo 8 Speedmaster and Planet Ocean 42; Tudor BB Bronze Bucherer Blue Edition; Nomos Neomatik 42; Breitling Aerospace, Avenger Blackbird, & SuperOcean 44; Doxa 300 Pro Carbon; Stowa Limette; Laco Napa Flieger; Mickey Mouse Timex Electric; and dare I say it...an Apple Watch too

2 April 2016, 09:18 AM	#48
VinnieVegas "TRF" Member Join Date: Jan 2015 Real Name: Vincent B Location: New York, NY Watch: '06 GMT Master II Posts: 1,261	I honestly don't think an item like a very nice watch should be bought on credit. Save up and buy it, and enjoy your timepiece. __________________ Wearing Today: * Seiko SRP777 (2017)

1 April 2016, 10:38 AM	#31
rb250 "TRF" Member Join Date: Jan 2014 Real Name: Ryan Location: Houston Watch: Tudor, Seiko Posts: 236	Buy on TRF and look for a good deal if you can afford it. Buy from a trusted seller.

1 April 2016, 11:05 AM	#32
ernie2 "TRF" Member Join Date: Apr 2015 Real Name: Arnold Location: New York Watch: SD4K+BLNR Posts: 849	This is a blunt but true answer. If you cannot swing the cash to buy it out right, with discount or not, this watch is not for you

1 April 2016, 01:05 PM	#33
rollerballer "TRF" Member Join Date: Mar 2016 Location: SS Posts: 137	I find myself keeping a watch for a longer period if I opt for 0% interest financing.

1 April 2016, 01:23 PM	#34
NeoAnderson "TRF" Member Join Date: Sep 2015 Real Name: NeoAnderson Location: Tax Free Shopping Posts: 725	Do whatever you feel is most comfortable. Financing is a good tool when used correctly for the borrower. The lender is betting against you proper use.

2 April 2016, 12:07 AM	#37
greanie "TRF" Member Join Date: Oct 2015 Location: Texas Posts: 234	Lots of good Feedback! Opinions, Thoughts, and Personal feelings !!! All very welcome.

2 April 2016, 01:19 AM	#39
RICHARD_LEWIS "TRF" Member Join Date: Nov 2012 Location: London Watch: 116610LV Posts: 482	My personal preference is to save and buy outright when I've got the money to do so - I'm not a fan of finance, even when offered 0%. I'd love to buy my 2nd Rolex, but right now I've got more important things which need to be addressed first. Once they're sorted, then I'll think about the next watch. After all, a Rolex (or Patek, etc) is a luxury, not a necessity.

2 April 2016, 01:48 AM	#40
Spartacus "TRF" Member Join Date: Apr 2010 Location: DC Watch: Daytona Posts: 2,742	I would not finance, I would advise to anyone who is financing through an AD to make sure you understand how the financing works and make sure you fully understand the ramifications of using the AD's mode/method of their financing option.

2 April 2016, 03:28 AM	#41
lzz73 "TRF" Member Join Date: Aug 2011 Location: Billings, MT Watch: 228238 Posts: 437	Let's say you are going to buy a new Sub (which I believe is $8,850 if not mistaken), and you're offered 30 months and 0%. Equal payments of 8,850/30 = 295/month. Because it's a sub, there's no wiggle room on price, and the price is firm. You have the cash in hand and can either buy it outright (period 0) or finance over 30 periods. If you buy outright, the cost = Present Value = 8,850. If you finance at 0%, then the 295 you pay per month must be discounted back to period 0. I assumed a 2% annual discount rate. In that case, you end up paying $8,625 and change. Cost pay cash = 8,850 Cost finance (0%) = 8,625 So, even if you had the cash in hand, it might be wise to finance. Of course, there are other variables that must be considered like credit card points or miles, hassle-free, etc. that other members have pointed out. It's a personal choice, and case by case. But at least you can see where financing might benefit.

2 April 2016, 04:23 AM	#42
Rolexing24_7 "TRF" Member Join Date: Nov 2015 Real Name: @rolexing24_7 Location: Miami Watch: DAYTONAS Posts: 492	pay for it cash

2 April 2016, 06:35 AM	#43
doubleinfive "TRF" Member Join Date: Aug 2012 Location: CA Posts: 655	Doesn't matter how you acquired it as long as you have it...

2 April 2016, 07:30 AM	#44
Porter "TRF" Member Join Date: Nov 2015 Real Name: Carlos Location: Eivissa Watch: Rolex, Tudor.... Posts: 1,635	Clear for me...CASH! I think credits are for urgent and unaffordable "situations". If I don't have the money I don't buy.

2 April 2016, 08:48 AM	#45
Jaycnyp "TRF" Member Join Date: May 2014 Real Name: Jay Location: Classified Watch: Addict Posts: 1,122	0% or some killer deal to finance, then finance. Otherwise cash!

2 April 2016, 09:07 AM	#46
RolexxxeloR Banned Join Date: Jul 2015 Real Name: Mario Location: Westland, MI Posts: 481	You'll get these guys on here who'll talk about the time value of money, and how you could put your money to work elsewhere (opportunity cost) to beat any apr, etc... While these options are all viable, why not just buy the watch if you have the money? If you're looking at financing a watch and using the time value of money concept, or opportunity cost, etc..., you may be looking for ways to justify a purchase you're not yet able to afford.

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