AD wants full price upfront for Sub - 5 month wait

[pachanga]

Large local AD will guarantee Sub delivery within 5 months but wants full price upfront. No other AD in the city (I live in a large North American metropolis) will even put me on a list. Am I crazy to do it?


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[moneymike83]

I paid in full and waited for 6 months and yes It’s worth it! Someone recently paid 11,500 for a pre owned.


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[BillA]

As long as you can get your full money back if you cancel or they go longer than 6 months.
In no way should it be non-refundable.

[Stonecutter6]

I bet they have one in the back and will either give it to you the day you drop off payment or within a week or so.

[pickettt]

Originally Posted by BillA

As long as you can get your full money back if you cancel or they go longer than 6 months.
In no way should it be non-refundable.

Full money back.....with interest or no deal.

Originally Posted by Stonecutter6

I bet they have one in the back and will either give it to you the day you drop off payment or within a week or so.

I paid upfront and had a 116710 in 3 days, so maybe.

[minke19104]

I wouldn't do it.

[pepsiretail]

Why not, if it is the one you want. All dealers in Toronto would be considered reputable.

[illiguy]

Go for it.

[sj24k]

Seems kind of ridiculous to me. I would give them my Amex card and tell them to charge a refundable deposit of no more than 25% then pay remainder when they deliver.

I guess if you’re trying to establish a long-term relationship and you’re certain you can get a refund if they can’t deliver or you change your mind, then perhaps? But not the kind of merchant I’d want to do business with.


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[173rdabn]

Nope. Greedy SOB. My reply follows

[nwbusa]

One risk is that the AD goes out of business before delivering your watch... something to consider.

[klenboy]

I personally wouldn’t do it. Just because that is not the normal practice in my immediate local area. I would steer clear of AD’s like this.

[BCWIII]

I would avoid doing this, if you can.

Just this last Friday I received a call from my AD for the Sub 116610 after only a two week wait. Paid when I picked up the watch today! and this is first Rolex.

I realize my story isn’t the normal but try not to be bullied by AD’s. These watches are being released to them and developing a relationship with the sales person is the quickest way to get the phone call.

Good luck!

[Michaeli Paulo]

It’s your money and your deal, so obviously your decision.

But to me, it sounds like the AD is just insuring you buy the watch from them. They know another dealer might get one to you quicker, so by taking your money now, you’re “theirs.”

Perhaps it’s different all over, but I recently visited 13 AD’s in Southern California inquiring after a 114060. Within around two months, three of them responded with watches. And I have absolutely no purchase history with Rolex.

Just food for thought. :)

Michael

[kieselguhr]

In business transactions, the ability to step back, walk away, and never look back is a powerful move. Also works in other aspects of life.


AOW

[Bizcut1]

Interesting...so many games being played....

[Notsoprobro]

I’d never pay upfront for an item that’s not immediately available. Any time I see this practice I’m just left with the question “What protection do I have if they were to go out of business?”


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[Wimbledon]

Originally Posted by pachanga

Large local AD will guarantee Sub delivery within 5 months but wants full price upfront. No other AD in the city (I live in a large North American metropolis) will even put me on a list. Am I crazy to do it?


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There is no such thing as a "list". This is a term invented by the consumer, not the AD. There is no running list in the back or under the counter. However, what they do have is priority customers who get first dibs on watches.

What I've found is they if they are asking you to pay in full, there's a watch in their pipeline that they are willing to sell you. They just won't tell you that in those words.

[GB-man]

Raffi huh lol

[DoDe]

If you want to buy a Sub from this AD, you should pay upfront. If you do not want to buy a Sub from this AD you should not.

[Maverick686]

What's the MSRP of a Submariner date these days?

I see lots for sale at Greys/online for $11,500 - nuts to me.

[superstarmar]

Originally Posted by Maverick686

What's the MSRP of a Submariner date these days?

I see lots for sale at Greys/online for $11,500 - nuts to me.

Still $8550 USD plus tax or ship no tax .

[knightofgold]

Why not? I bet you can't find one in 5 months and if you want to pay MSRP, then go for it!

[TreiseKL]

I would do it

[Oxfordian]

Not a route I would go down, if the dealer is reputable they would get the watch for you and then charge you when you collect the watch.

If the AD can get the watch within 5 months because you pay up front they can get the watch within 5 months without you paying upfront.

The AD isn't going to lose out, the watch is that popular that if you didn't buy it someone else would be more than happy to step in and buy the watch, it certainly isn't going to sit in the AD's safe for years.

In reality there isn't a justifiable reason why you should pay up front, but its your money and ultimately your decision what you do.

[GentleMonster]

IMO it’s no lose if you are assured of getting the watch within that time frame. My guess is you are likely to be allocated >5 months if you paid the full deposit.

As many had said, AD has no problem moving that Sub. Why not take this opportunity to build a relationship. Your next watch would not have to pay a deposit

[boothus]

Not ideal but still a better investment than sticking the cash in a savings account.

Just agree to a full refund if the AD doesn’t deliver within x months. They should have no issue getting you that watch within 5 months.

I don’t applaud what the AD is doing but I get it - less work for them altogether.

[padi56]

Originally Posted by pachanga

Large local AD will guarantee Sub delivery within 5 months but wants full price upfront. No other AD in the city (I live in a large North American metropolis) will even put me on a list. Am I crazy to do it?


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I can understand any AD asking for a 10% refundable deposit but anyone paying full price and have to wait months 100% no. If they do must be sixpence short of a shilling, especially on high production watches like subs made in there hundreds of thousands.

[calebb90]

Originally Posted by boothus

Not ideal but still a better investment than sticking the cash in a savings account.

Just agree to a full refund if the AD doesn’t deliver within x months. They should have no issue getting you that watch within 5 months.

I don’t applaud what the AD is doing but I get it - less work for them altogether.

Wow, first time I’ve heard being on a waiting “list” called an investment.

[WatchLurv]

Not the first thread in here about Canadian AD taking full payment. As rumours has spired it seems there's one name that reoccurs with that practice.

You handing over your money means they can float their business without loans (ultimately) and interest. Say your watch costs 10,000 USD. They get it for 6500. When they sell it, they pocket the 3500. Now since you just lent them 10K, how many times do you think they can roll your 10K before your loved Sub Date drops into their shipment and they can finally allocate it for you? Say the 10K is rolled 6 times (6 months, assuming they get monthly shipment)...That's 3500 x 6 = 21K USD profit they've made off your 10K by you lending it to them for 6 months.

It's one heck of a business if you got 10 customers doing 10,000 USD each. 100K float for stock you receive and sell on. Imagine they get their weekly shipments and sell that off with the customers' cash they have received for the Sub date? And what if this isn't the only watch they make people pre-pay in full for? 10 hot Rolex model x 10 people all putting an average 12000 in ==== 1.2M USD.

Good day and done.

PS what a great time to be a Rolex AD. Just get payments taken in full and you dont even need to produce the watch for them before 6-8 months down the line. Serious cashflow.