Cash ir Credit?

[jparr]

HI im new here and i was wandering ? Did most of you buy your rolex cash or credit ? I was thinking about credit but i dont know if it is best to do it or jus save till i have the money ..

[Tools]

I'm not sure how this is Rolex Watch related...

Personal finance is a personal choice. Some like to use credit cards and get card advantages, some like the Dealer financing...

For luxury items, I like to use a card for the miles etc., then pay it off when the bill comes in....... I don't think that it is prudent to pay anything additional in finance charges or interest...

[DRAWTOOL]

I use a debit card, that way I don't have to see my money go away... It just gets sucked outta my account electromologically.

[Mike B]

Credit Card for me, almost all the time. Then, pay it off within 1-2 months. Best way to do it IMO ! (next to cash of course).
If you don't have the money, then keep saving until you have what you want, then buy it IMO.

[Numismatist]

I think some have said that an AD will give a better discount for cash...

[Art 1]

I ask my wife to write a check.

[Idle Swede]

Originally Posted by Art 1

I ask my wife to write a check.

Let's swithch wifes for a couple of days.

[rmcarlton]

With any luxury item, I try to have the cash in the bank to back up the purchase.

[onkyo]

Credit for points then pay off immediately.

Always avoid finance charges.

[Welshwatchman]

Tesco Credit Card for me, ugly blue thing, no glitz or razamatazz.

Watches, telly, PC, deposit on cars, food, clothes, tickets, holidays, everything really. Pay it off when the statement arrives same as the rest of you.

Points make prizes and last year's Xmas was paid for with the reward points.

[scoobydoo]

Like Larry said, it really does boil down to personal preference and what you are comfortable with. For most products, if the seller is offering 0% financing, I am all over it, like white on rice. To me, it's free money and I know that I will pay it off before the promo period ends.

[ingoodtime]

While I do not know anything about your financial means, Buying a Rolex is not chump change for a lot of us. Some scrimp and save, others charge, some do a combo of both. If you have the urge and just have to wear a Rolex now, then using credit may be the way to go. Some major stores offer different financing plans from 20 month no interest to maybe 9.9 % interest.The problem with that is most of those stores won't give you a nickle off if you get the interest free deal. So,you end up paying msrp.

No matter what you do, I wish you the best with your Rolex dream. Now that I own one, I know I want another.

I see a GMT in my future.

[AIKO]

Cash, credit is out!

[ijen0311]

mine was 24 months no interest financing, so I used that.

[Chozn1]

Cash only for toys. Or on the credit card and paid off completely the day I get the bill.

[keschete]

Originally Posted by jparr

HI im new here and i was wandering ? Did most of you buy your rolex cash or credit ? I was thinking about credit but i dont know if it is best to do it or jus save till i have the money ..

I used my credit card to buy the watch and get my rewards points and then I used cash to pay the credit card off before I accrued intrest and I got a $100 gas credit card as my reward!! Hehehe!

I wouldn't buy a luxury item like a watch unless you have the funds to buy it. Save up and get the watch when you have the money.

[clarencek]

Cash / wire transfer... but I've never bought one new, all my rolexes are used (though two still had stickers on them. :-)

[MortgageGuy]

Well since I do mortgages for a living, I would say you would refinance your house to get the CASH out to buy as many Rolex as you want Wait a minute, wasnt this what got our economy to where it is today???

Most definitely cash only or the card and payoff immediately. Rolex is pricey enough without having to add credit card finance charges on top of it all...

[cwru32]

everyone is sugar coating! so dont listen to them
if you dont have fiunds then dont buy it. if you have and have no savings dont buy it ( eventho i did)
next, most stores dont like CC for this type of purchases. if you pay cash u can get 3% discount!

[TSW]

Amex or cash.

[Yume-sama]

If it's something I don't TECHNICALLY need like, say, a Rolex (I know! Don't hurt me!) it will be a cash purchase.

Borrowing money or going in debt to buy something like that is not smart

And my AD gives a discount on top for cash, as they don't have to pay CC fees.

[babylon]

paying on credit because u don't have the money, or the means to pay for this thing at any given instant, is not a good idea at all. Really, most people reach for a rolex because they CAN afford it, actual payment method at the checkout is done many different ways for many different personal reasons. That old addage defininately applies to rolex purchases, "if u can't pay, u can't play!" Good luck with your payment method,

[JJ Irani]

Originally Posted by Art 1

I ask my wife to write a check.

Originally Posted by Idle Swede

Let's swithch wifes for a couple of days.

[PeterT]

Big purchases on the credit card as I get cash back when I use it. When the bill comes in, pay it off in full.
I have made use of interest free credit and a recent purchase was in cash.

Peter

[padi56]

Originally Posted by ijen0311

mine was 24 months no interest financing, so I used that.

Now that is the best sort of credit interest free.

[camster]

I scrimped,saved,and worked an extra part time gig to pay cash for mine. It took me over a year,but I have had my first Rolex for 4 months now,and I am working on my next one. This forum makes this a very addicting hobby of mine. I am now destined for a very broke and poor future,but at least I will know what time it is,and I will be able to tell it in style.

[JLV]

I just recently purchased a new Rolex 16610 from an AD. It was from a very reputable family owned jewelry store that has been in business for 100+ years. They gave me a discount for paying cash and allowed me to "lay it away" for up to 6 months with no interest, however, I paid in full in 6 weeks. Personally, I prefer to save the money and then make the purchase rather than using credit and having to pay interest.

[Erix]

I quit smoking, saved up the cigarette money and bought my Sub cash.
I didn't have to wait but I did anyway just so I could justify it by "it would have gone up in smoke anyway"...

[simoesm]

Debit card too get the most discount possible...

[moviefreak]

Wish I could pay with Monopoly Cash...