I didn't realize that the retail dealer markup was so much.
https://millenarywatches.com/rolex-markup/
https://millenarywatches.com/rolex-markup/
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I wonder if Dave Ramsey would approve of using a CC.
Dave Ramsey would say when you have no debt save up and buy one used (and end up paying much, much more.) Many used Rolexes go for well over MSRP. I do like most if his messages but at times there are much better ways, and he is not an expert on everything. Most AD's have 0% for 12 months (he'd say no to that), even now. If you have money in the bank for it, why not.Stupid is as stupid spends.
I wonder if Dave Ramsey would approve of using a CC.
Dave Ramsey would say when you have no debt save up and buy one used (and end up paying much, much more.) Many used Rolexes go for well over MSRP. I do like most if his messages but at times there are much better ways, and he is not an expert on everything. Most AD's have 0% for 12 months (he'd say no to that), even now. If you have money in the bank for it, why not.
As for stupid buying a Rolex new from an AD, if I could get 10 Daytona's or more in stainless I'd do it. Spend $15,200 on each one and sell fast for 20k to 22k per watch.
That's like, in my entire gun collection, I think there's only 6 things that I've actually bought new from a store. 5 were the 22's that were a set for my the kids in the family that I bought specifically on the day of their birth. The other was just a ridiculously hard to find thing that I still managed to find on sale on day.I agree with Dave on most things, common sense. Rolex is last on my needs. Buy used
.
Put your cash in an interest bearing account and take the 0% loan. You still make money.Dave Ramsey would say when you have no debt save up and buy one used (and end up paying much, much more.) Many used Rolexes go for well over MSRP. I do like most if his messages but at times there are much better ways, and he is not an expert on everything. Most AD's have 0% for 12 months (he'd say no to that), even now. If you have money in the bank for it, why not.
As for stupid buying a Rolex new from an AD, if I could get 10 Daytona's or more in stainless I'd do it. Spend $15,200 on each one and sell fast for 20k to 22k per watch.
Not nearly as much as buying a desireable Rolex and selling it. And try and get a 0% interest unsecured loan. Even with 0% credit cards they have interest assessed with cash withdrawals. Also, anyone here getting more than 6% on savings or CDs?Put your cash in an interest bearing account and take the 0% loan. You still make money.
I agree with Dave on most things, common sense. Rolex is last on my needs. Buy used
.
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