Rolex AD markup 40% ?

[Hangfire]

I didn't realize that the retail dealer markup was so much.

https://millenarywatches.com/rolex-markup/

 

[KOPBET]

Stupid is as stupid spends.

I wonder if Dave Ramsey would approve of using a CC.

 

[Glock 'em down]

I've always wanted a Rolex Sub or or YM, but I'll never be able to afford one.

I told Mrs GED that if she goes first, I'm just gonna throw her corpse in a ditch and buy one with her life insurance.

 

[JD8]

I wonder if Dave Ramsey would approve of using a CC.

Cheers to the postman!

 

[TANSTAAFL]

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.

 

[n423]

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.

I agree with Dave on most things, common sense. Rolex is last on my needs. Buy used


.

 

[Rez Exelon]

I agree with Dave on most things, common sense. Rolex is last on my needs. Buy used


.

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.

 

[Shadowrider]

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.

Put your cash in an interest bearing account and take the 0% loan. You still make money.

 

[TANSTAAFL]

Put your cash in an interest bearing account and take the 0% loan. You still make money.

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?

 

[TANSTAAFL]

I agree with Dave on most things, common sense. Rolex is last on my needs. Buy used


.

Used Price, $31,995 Rolex Daytona 126500.

https://www.cdpeacockjewelry.com/ce...57FV8ZB4CmcbSRuq5-dOoIhGEWi13WWRoCPYkQAvD_BwE

New Rolex Daytona 126500 from an AD (they cannot sell over MSRP or they loose there AD Status):

https://www.rolex.com/en-us/watches/cosmograph-daytona/m126500ln-0001

Yeah, go buy used and pay $15,000 more. 90% of the time I'd rather by new on Rolex. Basket case ones chewed up and spit out go for more than MSRP.