How Much Can I Get As A Discount On Luxury Watches?

If you're in the market for a luxury watch, odds are you're also on the lookout for the best deals out there. But exactly how much of a discount can you expect to get on a new or used luxury watch?

In the article we will find out.

Bargain hunting

Can you expect a savings of 10% or more on a $2,500 Rolex or Cartier? Not on the whole, not in a lot of cases, although there are some exceptions.

But in a lot of cases, 10% or even more of a hefty price tag can mean you're in for some serious money savings. Let's look at a few good examples.

If you see a $10,000 watch for $8,000, the customer got more than $2,500 off. So if he were to then use a customer tip calculator to estimate the savings after all taxes and fees, he would actually end up paying $2,375 instead.

If you see a $6,000 Rolex on sale for $5,000, you are looking at a savings of $1,500 or more.

On the other hand, it's definitely not always easy to find those kinds of sales. But a few good tips might help.

Determine the timepieceTime

One thing that makes those big price markdown purchases so desirable is the fact that the dealers who carry the high-end luxury brands know when and how to sell them. You can't expect a dealer to sell a Rolex or Cartier if they don't even know that they are even carrying those brands.

That's why you should make a point to ask the salesperson for the name and contact details of the brand's authorized dealer. The salesman should also be able to answer a few questions about the model you are interested in as well as its description.

Understand the terms

Once you know that you have been offered a genuine discount, it's time to sit down and figure out the terms. When buying luxury watches, all you want to do is save as much money as possible.

But for this to happen, you need to understand exactly what the discounts you are being offered mean.

If you decide that you want to buy the watch with the $10,000 price tag you thought was too high, for example, you are still going to end up spending a few grand out of pocket if you buy it brand new. But the dealer is selling you the watch with a discount on the purchase price and a commission on the sales.

In this case, you are already saving more than you would if you just bought the watch at its list price.

Make an investment

You don't have to buy an expensive watch just to save money on it. Instead, you can invest your money and buy a watch that will last longer, with more value in the future.

Although there are certain brands that stand out above the rest, there is always the option of buying a different model from another manufacturer if you decide that a particular brand isn't quite right for you.

Follow upblack analog watch in black box

Just because a bargain purchase fell into your lap doesn't mean you should just forget about it. For most products, it's usually best to keep track of your orders and make sure you pay the sales tax and any applicable duties to the appropriate authorities.

After all, if you bought it in another country, you need to bear in mind that you'll need to pay duties on its importation into your home country. And then there are all those government levies and taxes you should probably be aware of.

Be careful

Not all deals are created equal. When shopping for luxury watches, make sure you don't buy something that may not actually be worth your while.

In the case of some models, especially those that are less than five years old, it's definitely worth waiting until the model's resale value increases. But if you are looking for an extremely expensive Rolex with a low list price, you can start shopping for it now.

ConclusionCruising and stopping time with a luxury watch

With current market trends, a lot of modern luxury watches (which is the term used to define any watch that cost more than $1,000) can be bought with a deep discount at auction sites like RareMint, like the Rolex '66 Ref. 6260L-1A Top Gun Rolex, which was worn by Tom Cruise in Top Gun, or the Rolex Milgauss Chronograph, which has a starting bid of just $99.

A similar discount can be found on eBay, where the most expensive Rolex sold for just $90. More affordable options include the TAG Heuer Carrera Planet Ocean, which originally cost $12,900, and the Omega Speedmaster Moonwatch, which originally cost $3,600.

On the other end of the spectrum, the vintage market offers other, arguably even better options than new and used. Rolex has started to produce a number of vintage pieces, and rare vintage watches of almost every type can be found at premium prices.

Just know where to look, and in time, you’ll reap what you sow.

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