patrick_y[PuristSPro Moderator]
28404
Well, yes. We need to get into deeper details.
Apr 11, 2022,01:43 AM
Yes, everything you stated is definitely to be considered. But more details about leasing... Like for instance you mentioned details like insurance and so on. What would be your pricing structure? 1% of the value per month? What kind of minimum commitment? 12 months? 24 months? 36 months? What about Normal Wear And Tear? Leases cover Normal Wear And Tear, but not damage. For instance, small rock chips are covered on a car lease, but a scrape in a parking lot driveway isn't. People are used to leasing commodity objects. A BMW for instance, is a mass produced object and one that is often leased. A Ferrari, is less of a mass produced object, but still one that can be leased. What about GAP insurance? What about let's say the watch is a hot watch now, but then on the 35th month of the 36 month lease, it isn't a hot watch anymore, and then the watch was lost on the 35th month? Insurance deductibles. I guess I'm looking for a business plan. I'm also looking for a sample contract. But look at all of the above already. It's super complex. Someone who can afford to lease a watch is going to just get annoyed with the complexity of the contract. People are also going to be really unhappy about the definitions of wear and tear. Everything's all about the details. I see on the broad strokes, the idea is a good concept. But in actuality, the details, are harder.
There have been groups that "exchange" watches. I saw the business plan - one would buy used Rolexes and put them in an exchange pool. You pay a monthly fee and you can exchange watches out of the pool. They're all generally REALLY BEAT UP Rolexes. And I feel, that for $300 a month, it's kind of a stupid idea from a financial perspective, in 36 months, I'd own one of them. Would I pay that much to really have access to several Rolexes to change it up with?