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creddy · 8 February 2016, 03:20 AM

In the process of buying a Rolex and was wondering everyone's view on buying new from an AD or second hand? Looking at the Explorer which is £4300 new or could get 3900 unworn second hand. What are the pros and cons of buying second hand as oppose to new other than the fact it's cheaper.

Thanks all

Wing-Co · 8 February 2016, 03:24 AM

Complete piece of mind- you've already stated the saving of £400 the other route.

Spartacus · 8 February 2016, 03:28 AM

If I can afford new, I'm going new. If I must have it and preowned pricing gets it into my range or offers 50% savings, then, I'm all for it!

beer · 8 February 2016, 03:30 AM

£3900 is less than a 10% discount, something which is probably achievable at an AD as well

then again said the used model may be negotiable as well which makes my point moot but something to think about

Rolexsmolex · 8 February 2016, 04:14 AM

Heres 2 ways of looking at it.....

If you buy new from an AD, you are the first owner and you have a warranty...However if you flip it you will lose money. (in some cases, a lot of money)

If you buy a pre-owned, you are not the first owner, no warranty...However if you sell it, you can get what you paid for it.

In both cases I speak of selling quickly after buying.

(i will never buy new again...example: I bought a new GMT Master 2 Yellow Gold (Green dial) for 27 grand with healthy discount from AD.... You can get one that is a couple of years old for 20 grand on Bobs Watches..now if you buy it from Bobs Watches for 20 grand and then turn around and sell it right away, you can still get 20 grand for it)

Goldfish68 · 8 February 2016, 04:17 AM

If the watch is genuine, brand new condition and from a reputable agent, any saving is a bonus.

creddy · 8 February 2016, 04:39 AM

Quote:

Originally Posted by Rolexsmolex

Heres 2 ways of looking at it.....

If you buy new from an AD, you are the first owner and you have a warranty...However if you flip it you will lose money. (in some cases, a lot of money)

If you buy a pre-owned, you are not the first owner, no warranty...However if you sell it, you can get what you paid for it.

In both cases I speak of selling quickly after buying.

(i will never buy new again...example: I bought a new GMT Master 2 Yellow Gold (Green dial) for 27 grand with healthy discount from AD.... You can get one that is a couple of years old for 20 grand on Bobs Watches..now if you buy it from Bobs Watches for 20 grand and then turn around and sell it right away, you can still get 20 grand for it)

If i buy pre-owned for an Explorer model dated May 2015 will I not have the same warranty as buying a new Explorer from AD?

Many thanks for all your replies!

beer · 8 February 2016, 05:15 AM

Quote:

Originally Posted by Rolexsmolex

(i will never buy new again...example: I bought a new GMT Master 2 Yellow Gold (Green dial) for 27 grand with healthy discount from AD.... You can get one that is a couple of years old for 20 grand on Bobs Watches..now if you buy it from Bobs Watches for 20 grand and then turn around and sell it right away, you can still get 20 grand for it)

yes this is even more the case in the UK as with OP, as we have 20% VAT which is basically an additional 20% loss when it comes to selling

when buying second hand or even BNIB from grey dealer i believe dealers only pay tax on the margin so will be in the single digit %s

Highland Ranger · 8 February 2016, 05:29 AM

New from AD gets you peace of mind of warranty and knowing that watch is not stolen or tampered with. If you buy to keep, probably way to go. For informed flippers, other venues worth investigating.

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Sublovin · 8 February 2016, 05:29 AM

Depends on the discount. I like buying used mostly.....let someone else take the hit on depreciation. Just like a car...
Umless the new deal is great or it is a limited piece

blufinz52 · 8 February 2016, 05:29 AM

Unworn 2nd hand from a reputable seller is the way to go IMO.

KBM · 8 February 2016, 05:31 AM

To me, pre-owned would only be a valid choice with a much more substantial price difference, or if the model I wanted was no longer available new.

Wcdhtwn · 8 February 2016, 05:31 AM

For that amount of money I'd go new. It would have to be 2x the savings you mention to start me thinking about pre owned.

NeedlessKane · 8 February 2016, 06:41 AM

Unfortunately none of the watches I want are currently made, so I have to go second hand. I would rather save $$ and buy from a reputable seller on TRF anyway, even if I had the choice.

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ltmgeller · 8 February 2016, 06:45 AM

Trusted sellers here are always a good option.

fskywalker · 8 February 2016, 07:01 AM

Used is the way to go! Unless price difference is really small

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brandrea · 8 February 2016, 07:08 AM

Quote:

Originally Posted by kauebm

To me, pre-owned would only be a valid choice with a much more substantial price difference, or if the model I wanted was no longer available new.

Pretty much the same for me.

GMT Aviator · 8 February 2016, 08:00 AM

Three of my four Rolex are pre-owned. One of those however was a safe queen owned by a collector with.....wait for it.....almost 500 luxury watches in his collection and a significant number of those were Rolex! He'd only ever 'tried on' the Pepsi stick dial GMT I bought from him so I consider that a new watch when I bought it.....and I've not worn it either! It's now in my safe in its box and has almost doubled in value since I've owned it.
My other 2 pre-owned were good pre-owned examples but without box and papers and both have been through RSC for service and re-finishing by Rolex. They are like the day they were new.
The only new Rolex I own I purchased tax free from an AD boutique at the airport, and could still flip it now and lose nothing because of the saving I made buying duty free.
I'm a little more reluctant to walk down my local high street and pay AD sticker price on another new one though, when good pre-owned examples are so much cheaper and the first owner has already taken the big hit on depreciation.

motoikkyu · 9 February 2016, 06:36 AM

As a vintage guy, the models I choose are generally not available new or new-old-stock, so secondary market is my chosen venue. I have bought from authorized dealers, but only "pre-owned" for the authenticity and the dealer's warranty. Overall, I have been satisfied even in the secondary market: minor problems can usually be corrected fairly easily. I had a mainspring go on my Explorer II once, but even that was not horribly costly using a reputable independent watchmaker.

xjeeunitx · 9 February 2016, 07:14 AM

Always buy used from a reputable seller. You will save hundreds to thousands of dollars. The watches are always in like new condition.

Steve36Efc · 9 February 2016, 07:28 AM

For the sake of £400 I'd go new from an AD, you should be able to negotiate a discount especially if your not going down the 0% finance route. You'll also have your name on the warranty and a 5 year warranty whereas if the watch from a grey dealer is older than July last year you'll only have a 3 year warranty.

Colin W · 9 February 2016, 08:24 AM

Quote:

Originally Posted by blufinz52

Unworn 2nd hand from a reputable seller is the way to go IMO.

Agree 👍😄

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DJExplorer · 9 February 2016, 08:36 AM

For £400 go for the peace of mind at the AD. You'll be its first owner and that kind of feels good.
If you can plan it with a trip out of Heathrow sometime then you save the 20% tax instantly. A very good deal. But it's all about how you feel with the watch.
Just because you paid full AD price will not mean you will feel as if you missed out. You'll soon forget how much it cost and be at one with your explorer. Trust me, you will be looking for the next before you gripe over a £400 difference.

WJGESQ · 9 February 2016, 08:54 AM

Quote:

Originally Posted by creddy

In the process of buying a Rolex and was wondering everyone's view on buying new from an AD or second hand? Looking at the Explorer which is £4300 new or could get 3900 unworn second hand. What are the pros and cons of buying second hand as oppose to new other than the fact it's cheaper.

Thanks all

Used. Slightly. Money matters.

swils8610 · 9 February 2016, 08:54 AM

The term second hand makes me laugh a little. It's an old time saying. My grandmother used to say second hand when referring to things she bought during WWII. We got it second hand during the war...you couldn't get them new!!

Girkmonster · 9 February 2016, 09:18 AM

you are overlooking the cost of the first service, which will exceed the savings. New watch should have a longer warranty and peace of mind.

AK797 · 9 February 2016, 09:18 AM

If the savings were good I had no issue buying a few SS watches used, but for PM I will only buy new and unworn.

THC · 9 February 2016, 10:16 AM

I am a TRF trusted seller, groupie... Rolex makes a tank and rarely is the warranty needed in the first 10 years... Save the money, buy slightly used, save thousands, and get 99.9% the product... IMHO of course

schsieh · 9 February 2016, 03:56 PM

Like other said, if the difference is only £400, I'd buy new from AD, or get a pre-owned from a trusted seller to save £1000!

ilovewatchestoo · 9 February 2016, 04:20 PM

For that small price difference buy brand new from an ad. And that way you build a relationship with your ad.

8 February 2016, 03:20 AM	#1
creddy "TRF" Member Join Date: Feb 2016 Location: UK Watch: Explorer 214270 Posts: 19	Buying new or second hand? In the process of buying a Rolex and was wondering everyone's view on buying new from an AD or second hand? Looking at the Explorer which is £4300 new or could get 3900 unworn second hand. What are the pros and cons of buying second hand as oppose to new other than the fact it's cheaper. Thanks all

8 February 2016, 03:30 AM	#4
beer "TRF" Member Join Date: May 2015 Location: Watch Dealer atm! Watch: all Posts: 2,800	£3900 is less than a 10% discount, something which is probably achievable at an AD as well then again said the used model may be negotiable as well which makes my point moot but something to think about __________________

8 February 2016, 06:41 AM	#14
NeedlessKane "TRF" Member Join Date: May 2012 Location: USA Watch: 1991 14060 Sub Posts: 498	Unfortunately none of the watches I want are currently made, so I have to go second hand. I would rather save $$ and buy from a reputable seller on TRF anyway, even if I had the choice. Sent from my iPhone using Tapatalk __________________ 1991 14060 Submariner 1994 Tudor Big Block 1995 Rolex Explorer II 1992 Omega Speedmaster Pro

8 February 2016, 07:01 AM	#16
fskywalker 2024 Pledge Member Join Date: Aug 2014 Real Name: Francisco Location: San Juan, PR Watch: Is Ticking ! Posts: 25,154	Used is the way to go! Unless price difference is really small Sent from my iPhone using Tapatalk __________________ Francisco ♛ 16610 / 116264 Ω 168.022 / 2535.80.00 / 310.30.42.50.01.002 / 210.90.42.20.01.001 Zenith 02.480.405 2FA security enabled

9 February 2016, 06:36 AM	#19
motoikkyu 2024 Pledge Member Join Date: Apr 2012 Location: PRJ Posts: 1,732	As a vintage guy, the models I choose are generally not available new or new-old-stock, so secondary market is my chosen venue. I have bought from authorized dealers, but only "pre-owned" for the authenticity and the dealer's warranty. Overall, I have been satisfied even in the secondary market: minor problems can usually be corrected fairly easily. I had a mainspring go on my Explorer II once, but even that was not horribly costly using a reputable independent watchmaker. __________________ "Do you like Breitling?" "I don't know, really, I've never been Breitled"

8 February 2016, 03:24 AM	#2
Wing-Co "TRF" Member Join Date: May 2012 Location: Germany Watch: Day Date 40mm WG Posts: 573	Complete piece of mind- you've already stated the saving of £400 the other route.

8 February 2016, 03:28 AM	#3
Spartacus "TRF" Member Join Date: Apr 2010 Location: DC Watch: Daytona Posts: 2,742	If I can afford new, I'm going new. If I must have it and preowned pricing gets it into my range or offers 50% savings, then, I'm all for it!

8 February 2016, 04:14 AM	#5
Rolexsmolex Banned Join Date: Dec 2015 Location: USA Posts: 69	Heres 2 ways of looking at it..... If you buy new from an AD, you are the first owner and you have a warranty...However if you flip it you will lose money. (in some cases, a lot of money) If you buy a pre-owned, you are not the first owner, no warranty...However if you sell it, you can get what you paid for it. In both cases I speak of selling quickly after buying. (i will never buy new again...example: I bought a new GMT Master 2 Yellow Gold (Green dial) for 27 grand with healthy discount from AD.... You can get one that is a couple of years old for 20 grand on Bobs Watches..now if you buy it from Bobs Watches for 20 grand and then turn around and sell it right away, you can still get 20 grand for it)

8 February 2016, 04:17 AM	#6
Goldfish68 "TRF" Member Join Date: Dec 2015 Location: England Posts: 113	If the watch is genuine, brand new condition and from a reputable agent, any saving is a bonus.

8 February 2016, 05:29 AM	#9
Highland Ranger "TRF" Member Join Date: Apr 2007 Location: USA Posts: 573	New from AD gets you peace of mind of warranty and knowing that watch is not stolen or tampered with. If you buy to keep, probably way to go. For informed flippers, other venues worth investigating. Sent from my Nexus 6P using Tapatalk

8 February 2016, 05:29 AM	#10
Sublovin 2024 Pledge Member Join Date: Sep 2012 Location: USA Watch: Lots Posts: 4,593	Depends on the discount. I like buying used mostly.....let someone else take the hit on depreciation. Just like a car... Umless the new deal is great or it is a limited piece

8 February 2016, 05:29 AM	#11
blufinz52 2024 SubLV41 Pledge Member Join Date: Feb 2014 Real Name: Mike Location: NH Watch: 116400GV 124060 Posts: 1,192	Unworn 2nd hand from a reputable seller is the way to go IMO.

8 February 2016, 05:31 AM	#12
KBM 2024 SubLV41 Pledge Member Join Date: Jan 2010 Real Name: K. Location: 780 Posts: 10,451	To me, pre-owned would only be a valid choice with a much more substantial price difference, or if the model I wanted was no longer available new.

8 February 2016, 05:31 AM	#13
Wcdhtwn "TRF" Member Join Date: Aug 2015 Location: Houston Watch: SkyD, SD43, GMT2 Posts: 5,058	For that amount of money I'd go new. It would have to be 2x the savings you mention to start me thinking about pre owned.

8 February 2016, 06:45 AM	#15
ltmgeller 2024 SubLV41 Pledge Member Join Date: Aug 2012 Real Name: Mike Location: New York Watch: Rolex Posts: 22,482	Trusted sellers here are always a good option.

8 February 2016, 08:00 AM	#18
GMT Aviator 2024 SubLV41 Pledge Member Join Date: Dec 2015 Real Name: Mike Location: London Posts: 3,314	Three of my four Rolex are pre-owned. One of those however was a safe queen owned by a collector with.....wait for it.....almost 500 luxury watches in his collection and a significant number of those were Rolex! He'd only ever 'tried on' the Pepsi stick dial GMT I bought from him so I consider that a new watch when I bought it.....and I've not worn it either! It's now in my safe in its box and has almost doubled in value since I've owned it. My other 2 pre-owned were good pre-owned examples but without box and papers and both have been through RSC for service and re-finishing by Rolex. They are like the day they were new. The only new Rolex I own I purchased tax free from an AD boutique at the airport, and could still flip it now and lose nothing because of the saving I made buying duty free. I'm a little more reluctant to walk down my local high street and pay AD sticker price on another new one though, when good pre-owned examples are so much cheaper and the first owner has already taken the big hit on depreciation.

9 February 2016, 07:14 AM	#20
xjeeunitx 2024 Pledge Member Join Date: Aug 2008 Posts: 5,456	Always buy used from a reputable seller. You will save hundreds to thousands of dollars. The watches are always in like new condition.

9 February 2016, 07:28 AM	#21
Steve36Efc "TRF" Member Join Date: Jul 2012 Location: Wales Watch: 126603 Posts: 2,606	For the sake of £400 I'd go new from an AD, you should be able to negotiate a discount especially if your not going down the 0% finance route. You'll also have your name on the warranty and a 5 year warranty whereas if the watch from a grey dealer is older than July last year you'll only have a 3 year warranty. Last edited by Steve36Efc; 9 February 2016 at 07:33 AM.. Reason: Added comments

9 February 2016, 08:36 AM	#23
DJExplorer "TRF" Member Join Date: Nov 2014 Location: GA Posts: 403	For £400 go for the peace of mind at the AD. You'll be its first owner and that kind of feels good. If you can plan it with a trip out of Heathrow sometime then you save the 20% tax instantly. A very good deal. But it's all about how you feel with the watch. Just because you paid full AD price will not mean you will feel as if you missed out. You'll soon forget how much it cost and be at one with your explorer. Trust me, you will be looking for the next before you gripe over a £400 difference.

9 February 2016, 08:54 AM	#25
swils8610 2024 SubLV41 Pledge Member Join Date: Sep 2012 Real Name: shannon Location: usa Posts: 9,200	The term second hand makes me laugh a little. It's an old time saying. My grandmother used to say second hand when referring to things she bought during WWII. We got it second hand during the war...you couldn't get them new!!

9 February 2016, 09:18 AM	#26
Girkmonster "TRF" Member Join Date: Feb 2014 Location: Missouri Watch: GMT II, 16710 Red/ Posts: 194	you are overlooking the cost of the first service, which will exceed the savings. New watch should have a longer warranty and peace of mind.

9 February 2016, 09:18 AM	#27
AK797 2024 Pledge Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,368	If the savings were good I had no issue buying a few SS watches used, but for PM I will only buy new and unworn.

9 February 2016, 10:16 AM	#28
THC 2024 SubLV41 Pledge Member Join Date: Jun 2013 Real Name: Tom Location: Mandeville La Watch: 126333 Posts: 10,659	I am a TRF trusted seller, groupie... Rolex makes a tank and rarely is the warranty needed in the first 10 years... Save the money, buy slightly used, save thousands, and get 99.9% the product... IMHO of course

9 February 2016, 03:56 PM	#29
schsieh "TRF" Member Join Date: Jan 2015 Location: US Posts: 49	Like other said, if the difference is only £400, I'd buy new from AD, or get a pre-owned from a trusted seller to save £1000!

9 February 2016, 04:20 PM	#30
ilovewatchestoo "TRF" Member Join Date: Feb 2015 Real Name: Eric Location: California Watch: 114060 Posts: 425	For that small price difference buy brand new from an ad. And that way you build a relationship with your ad.

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