ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

AlB · 30 March 2007, 02:54 AM

Anyone know of a reference that could give an idea of trade in values if one wanted to trade in their Rolex for a new one?

Alternatively, is there perhaps a predictable formula? Such as, if a private party sale would bring $XX, a trade in would bring in 80% of that.

Any help appreciated. This is for a new style Datejust purchased in December 2006.

Thanks!

Al

Rockrolex · 30 March 2007, 03:04 AM

The best I can tell you, Al, is to go on fleabay and see what pre-owned DJs are going for there. Take enough of a sampling and it will give you a fairly good picture of what a private sale would bring.

If you take it to an AD, you will likely only get 50% of the private sale amount (on average).

Gaijin · 30 March 2007, 03:09 AM

Do most ADs take trade ins? I talked to mine and they steadfastly do not.

Rockrolex · 30 March 2007, 03:15 AM

Quote:

Originally Posted by KansaiVet

Do most ADs take trade ins? I talked to mine and they steadfastly do not.

I think some do. Mayors in Boca Raton has a whole section devoted to previously owned Rolexes - but they're no bargains there.

JJ Irani · 30 March 2007, 03:59 AM

Quote:

Originally Posted by KansaiVet

Do most ADs take trade ins? I talked to mine and they steadfastly do not.

In Auckland, we have two Rolex ADs. One of them will, the other won't. You'd be much better off selling it privately. On a trade-in be prepared to take a big hit.

An actual end-user will always give you the BEST price. Once you have the cash in hand, you can get a better deal with your AD rather than with a trade-in. Remember, he also has to worry about selling your piece and has money invested in it.

With straight cash, you will get a much better deal. Sell it privately.

JJ

colemanitis · 30 March 2007, 04:22 AM

My AD will take trades, however they'll only give 50% of the appraised value. Even they recommend selling privately, then coming w/ cash in hand to buy a new watch.

astcell · 30 March 2007, 04:58 AM

Quote:

Originally Posted by JJ Irani

With straight cash, you will get a much better deal. Sell it privately.
JJ

And with gay cash I am sure they can swish up a deal for you.

D4UK · 30 March 2007, 05:55 AM

yep in the UK my AD will give you 50% of the current RRP minus the cost of a service on a trade in... def worth selling privately.

Chris B · 30 March 2007, 06:03 AM

Quote:

Originally Posted by astcell

And with gay cash I am sure they can swish up a deal for you.

Seriously, some sound advice posted here,

AlB · 30 March 2007, 06:12 AM

Thanks all around for the advice. It is hard- the watch still smiles at me- but the GMT II is like a the girl I always had a crush on....

Of course, I am already a watch two-timer, what with the Omega that does not even know yet about her stable mate. Maybe 2007 will be such a hot year I can justify another purchase in 9 months...

nko51 · 30 March 2007, 06:54 AM

Watch the selling prices on Ebay for the model you want, that will give you a general feeling for what they are selling for.

vh_bu98 · 30 March 2007, 12:02 PM

Keep an eye on private sales here and other places on your model and go to some ADs and ask them. It also does depend on the model as well, since some will get a higher trade-in value than others. I know that my trade-in is about equal to if I were to sell it privately.

30 March 2007, 02:54 AM	#1
AlB Member Join Date: Mar 2007 Location: Washington, DC Posts: 16	Trade in Values? Anyone know of a reference that could give an idea of trade in values if one wanted to trade in their Rolex for a new one? Alternatively, is there perhaps a predictable formula? Such as, if a private party sale would bring $XX, a trade in would bring in 80% of that. Any help appreciated. This is for a new style Datejust purchased in December 2006. Thanks! Al

30 March 2007, 03:04 AM	#2
Rockrolex TRF Moderator & 2024 SubLV41 Patron Join Date: May 2005 Real Name: God Location: Washington, D.C. Watch: What do you think? Posts: 37,954	The best I can tell you, Al, is to go on fleabay and see what pre-owned DJs are going for there. Take enough of a sampling and it will give you a fairly good picture of what a private sale would bring. If you take it to an AD, you will likely only get 50% of the private sale amount (on average). __________________ Despite the high cost of living, it's still very popular. *Tosser Cabinet Member* Official Member: 'Perpetual 30' Vegas International GTG 2016 Official Member "WIS-CON" Las Vegas International GTG 2017 Official Member "WIS-CON" Las Vegas International GTG 2018 Official Member "WIS-CON" Las Vegas International GTG 2019

30 March 2007, 04:22 AM	#6
colemanitis "TRF" Member Join Date: Apr 2006 Real Name: Jeff Location: Florida Watch: PAM 1090 Posts: 3,723	My AD will take trades, however they'll only give 50% of the appraised value. Even they recommend selling privately, then coming w/ cash in hand to buy a new watch. __________________ Member #471

30 March 2007, 06:54 AM	#11
nko51 "TRF" Member Join Date: Feb 2007 Real Name: Alex Location: USA Watch: TT Blue Sub Posts: 2,542	Watch the selling prices on Ebay for the model you want, that will give you a general feeling for what they are selling for. __________________

30 March 2007, 03:09 AM	#3
Gaijin 2024 ROLEX DATEJUST41 Pledge Member Join Date: Feb 2007 Location: Japan Watch: ing your back. Posts: 16,179	Do most ADs take trade ins? I talked to mine and they steadfastly do not.

30 March 2007, 05:55 AM	#8
D4UK Banned Join Date: May 2006 Location: USA Watch: TT SUB LV GMTII Posts: 527	yep in the UK my AD will give you 50% of the current RRP minus the cost of a service on a trade in... def worth selling privately.

30 March 2007, 06:12 AM	#10
AlB Member Join Date: Mar 2007 Location: Washington, DC Posts: 16	Thanks all around for the advice. It is hard- the watch still smiles at me- but the GMT II is like a the girl I always had a crush on.... Of course, I am already a watch two-timer, what with the Omega that does not even know yet about her stable mate. Maybe 2007 will be such a hot year I can justify another purchase in 9 months...

30 March 2007, 12:02 PM	#12
vh_bu98 "TRF" Member Join Date: Nov 2006 Real Name: Vu Location: Dallas area Watch: Platinum YM Posts: 2,646	Keep an eye on private sales here and other places on your model and go to some ADs and ask them. It also does depend on the model as well, since some will get a higher trade-in value than others. I know that my trade-in is about equal to if I were to sell it privately.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)