|
Post by JBHII on Nov 20, 2007 10:24:50 GMT -5
Hey everyone what is your thought on this? ADs would be less prone to provide a discount due to Christmas shopping and it would be better to purchase a watch in January when sales are slow. I have heard that before and want others to chime in. Thanks! From one perspective, I think this varies by dealer. Though some of the biggest and best sales and discounts to be had on any and all products are during Christmas....I don't see why a Rolex watch would be any different.
|
|
|
Post by wantonebad on Nov 20, 2007 10:43:54 GMT -5
Hey everyone what is your thought on this? ADs would be less prone to provide a discount due to Christmas shopping and it would be better to purchase a watch in January when sales are slow. I have heard that before and want others to chime in. Thanks! Probably some truth to that, the only caveat would be the motivation of both parties, if there is a sale to be made will an AD exploit the time of the year and haggle less? Perhaps but I think deals can be cut before an after the big day JMHO
|
|
|
Post by idriveanm5 on Nov 20, 2007 11:00:23 GMT -5
I think, so many times, that with Rolex watches, the other seasonal sales and promotions going on within a store really don't matter. Dealers utilize seasonal sales to push special financing promotions on Rolex watches, but I haven't found that the discounts are necessarily any better. Now, if it's seasonal and a dealer is hungry, then that's a different story. However, I really think (and my experience sort of supports this claim), that the best discounts had on Rolex watches are with AD's where you've built a relationship over a number of years, and you happen to negotiate a hard line with them no matter what time of the calendar year is showing...
Just my thoughts though. I think there may be some truth to the seasonal (i.e. Christmas) claim, but I think John's mostly right - it depends upon the dealer. Boy, that's a true MBA answer - IT DEPENDS!!!!
|
|
|
Post by timefinder on Nov 20, 2007 13:13:52 GMT -5
Special financing? ADs offer financing for a watch? That is news to me! I have been to a few ADs, and that was not even mentioned. Their attitude was, if you can't afford the watch, then do not come in.
|
|
|
Post by idriveanm5 on Nov 20, 2007 14:18:47 GMT -5
Special financing? ADs offer financing for a watch? That is news to me! I have been to a few ADs, and that was not even mentioned. Their attitude was, if you can't afford the watch, then do not come in. In today's world of buying EVERYTHING on credit, dealers would be remiss if they were to forget about people who want a watch but don't want to part with so much cash. I think it's much like a car, really. Except, 9 times out of 10, financing a watch is interest-free. What I've seen is dealers will use promotions to offer 18 versus 12 months of interest-free financing. The smaller local AD I do business with has an arrangement with GE Money to provide a house-branded credit card with various interest-free promotions for customers. Also, if you have an account with them, they'll send you money-saving coupons (up to $500 sometimes) which, sadly, are NOT valid for Rolex purchases...
|
|
|
Post by timefinder on Nov 20, 2007 14:29:57 GMT -5
Wow This is good information to have. Thanks!
|
|
|
Post by idriveanm5 on Nov 20, 2007 14:39:17 GMT -5
Wow This is good information to have. Thanks! Yeah.... Depending upon your thoughts on the issuance of debt, interest-free financing through a dealer can save you some money in interest that you may have had to pay your current credit card company. That all said, cash is king. ;D
|
|
|
Post by Scott D on Nov 20, 2007 14:59:30 GMT -5
And usually the large-chain dealers can get pretty good no-interest deals on their charge card. My local AD just had a special 24 month interest free special (their standard is 12 months). It's a great deal if you've got high-interest money market accounts you can leave the funds in & just pay the monthly portion each month.
I've bought much (though never a watch) on the interest-free specials. I just take the original purchase, divide it by the number of months it's interest free less 1 month ( to make sure it's paid before the promo ends) and mail that amount each month. Even if I was going to pay with case, I'll leave the cash in the account & take the promo. Hey, earned interest isn't much these days, but it's better than them making it.
|
|
|
Post by idriveanm5 on Nov 21, 2007 8:21:05 GMT -5
And usually the large-chain dealers can get pretty good no-interest deals on their charge card. My local AD just had a special 24 month interest free special (their standard is 12 months). It's a great deal if you've got high-interest money market accounts you can leave the funds in & just pay the monthly portion each month. I've bought much (though never a watch) on the interest-free specials. I just take the original purchase, divide it by the number of months it's interest free less 1 month ( to make sure it's paid before the promo ends) and mail that amount each month. Even if I was going to pay with case, I'll leave the cash in the account & take the promo. Hey, earned interest isn't much these days, but it's better than them making it. Agreed Scott. It's almost ALWAYS better to let someone else's money work for you, while you continue to let your own work for you at the same time!!
|
|