Odysseus Prepayment

[sxdcfv911]

I called the Lange Boutique in NY in November and was told by the SA that they would accept a downpayment and place an order for Odysseus WG. The stainless steel model was not an option. So, I put down $13K non-refundable deposit. The SA emailed me yesterday stating a price increase was coming and I could lock in the current price of $43K if I pay it off and expected delivery is toward the end of the year.

Anyone have any concerns about this approach?

There's enough chatter about prepayment and then a 'bait and switch' whereby the model paid for is delayed and use the funds for another watch.

Thanks.

[Bloomberg]

I got the same thing for the 15202ST years ago.
The full payment locked the price and I got it several weeks after.

[raclaims]

I mean if you plan to get it why not save some $$ if you can

That said I don’t love laying out too much $$ either

It’s nice to just get a watch that’s paid for too - feels like a gift!

[sgrossma]

If they can't deliver the watch, I am sure you can probably get your money back. I would prepay to lock it in. It is better to have a chance than no chance at all, in my opinion. The only reason not to do it is if you think you can earn a lot more than like 10% on that 30k during the balance of the year, but also have the funds liquid enough to have quick access when the time comes.

[HMHM]

Honestly speaking, I wouldn't?
When the money is still in your hands, you can decide at your own leisure whether you want the watch when it arrives. Leaving a deposit/full amount with the boutique gives you no room for manoeuvre should you take a fancy on something else and secondly if the boutique is unable to deliver for some reason, your money is tied down with them.

[rag5178]

I suppose it depends on the size of the price increase. Anything less than 10% and I personally would just rather hang onto the money myself rather than tying it up for the next 8-9+ months.

[londonpilgrim]

I had a similar experience with a Moser Streamliner funky blue - popped down 50% and it turned up 10 months later - price increase but was so gaga over it, it didn't bother me.

[PPFANBOY]

I'd do it. IMO it cements your allocation and you save a bit too. Win win.

[ap1]

I’d do it

[DonLee]

$43k for a Lange "day-date" is a great deal IMO. do it.

[dchang81]

Delivery by the end of the year ?? I was told much longer than that, so I'd jump on them if they can deliver.

[epicurus]

Originally Posted by PPFANBOY

I'd do it. IMO it cements your allocation and you save a bit too. Win win.

assures them a sale too. who knows where economy will be by then.

[Chiboy]

You already would be pretty reluctant to walk away with a $13k non-refundable deposit. So....in for a penny, in for a pound.

[sgrossma]

If they can't deliver within the stated timeframe, is it still non-refundable? I am sure at some point you can just walk away and get a refund (I would imagine).

[sxdcfv911]

I'm going to do it, appreciate the input.

[GeraldGentaFan]

Good decision. Would have done the same.

[Gotwire]

They have stopped taking Odysseus orders until summer. I agree with locking in price now especially with deposit already. Demand stripping supply on Odysseus apparently regardless of purchase history. I got both my SS and WG early on when no one cared!