JohanY
76
Rolex dealers
Hi all. I shall keep this short but I wanted to share my anger at the greedy dealers who wish to mint money on the new Daytona. I tried to find a feedback link direct to Rolex but was unsuccessful.
In Kuala Lumpur, the dealers have decided it's a great idea to place a surcharge on pieces that they deem as "hot". It ranges from a few thousand to now the ridiculous 30+thousand for the new Daytona.
They are dealers with a list price but choose to cheat and skin clients who want to purchase a sports model Rolex. I can't believe that Rolex themselves approve of these slimy money grabbing methods. The dealers already make a profit on the list price but for the new Daytona they have gone to the extreme because of the demand.
I have quite an honest collection of timepieces and find this business practice disgusting.
I will send my concerns to Rolex if anyone can share a link. Again my apologies for this rant but I believe as consumers and fellow admirers of fine time pieces we should not be ripped off by local money grabbing dealers. Shame on them.
This message has been edited by JohanY on 2016-07-16 17:24:26
Rolex dealers
Hi all. I shall keep this short but I wanted to share my anger at the greedy dealers who wish to mint money on the new Daytona. I tried to find a feedback link direct to Rolex but was unsuccessful. In Kuala Lumpur, the dealers have decided it's a great id...
Porsche did the same for the GT3 to me but I did not give in...
don't waste your time. It's dealers' call to do business. Rgds Raymond
it's a shame to hear
the old saying "a fool and his money are soon parted" is true in everything unfortunately. good for you that you were disciplined.
It's a phenomenon that happens
All over the the South Asia region. Especially where the dealers have shops in the region, the prices will be controlled. The current asking price is approx USD19k. Patiently waiting to get mine. Cheers
Great news
I am happy to hear that there are dealers that honour a list. That\'s how I perceive a process to be. I do want to share that the list price is in the region of 10K USD. Anything above that is pure greed. At that list price the dealers already make a heal...
It's all about supply n demands..
Just wait it out.. Save your money. IMHO.. These are luxury goods. Need to pay to play specially when something is as "hot" as the new Daytona c. HAGWE.. Cheers! James
Very good the idea to send email for Rolex
Here in the Brazil when the Chevrolet Corsa ( Opel Corsa B for someones places) in 1994, the price was 7k dollars and the agio was 7k dollars, without opcional, naked car. My father was the AD of the Chevrolet on the Brazil and profited too many. With the...
Conflicted
As a buyer, clearly, I would prefer if the AD sold the watch at list. From the other side, though, it would be irrational to sell an item for anything less than the market price. A business takes a fair amount of inventory risk, etc., and the profit from ...
Why have a price list?
Why have a price list and instead let\'s negotiate all pieces based upon market conditions? Now there\'s a thought...
That is in effect what you always have--a negotiation, with the retail price list as the dealer's opening offer
with some exceptions, of course
To be precise
They are called MSRP - manufacturer's suggested retail price. I am sure if dealers are prohibited from selling above list they will be disciplined. If buyers can negotiate to buy below MSRPs, why are dealers not allowed to sell above? While I as a buyer d...
Prohibited
I would like to share that dealers are prohibited to sell their pieces with a steep discount and manufactures check with fake buyers. But selling it WAY ABOVE the MRSP is honkey dorey? I beg to differ. Cheers
That depends on how steep is steep
And which brands. 35-40% disocunts in Asia is not uncommon for many brands even walk-ins get 30 all the time esp in the current economic climate. Fyi.
I believe you mean 30,000 Malaysian Ringit
which corresponds about 7,500 US$. But there's another side of the story: When a Rolex dealer needs to buy items that are not hot, sometimes vice versa, many buyers demand a rebate. What makes in market economy rebate more acceptable than a premium? I hav...
Kudos
I am happy for you. I wish things work that way here but it doesn\'t. It\'s a parallel universe which has a lot of grey. It\'s a bore at times.
Quite simple.
They have a long list of clients or VIPs wanting this piece. For someone who walks in from the street and wants it now, they have to justify selling to him. Money talks. Personally, I would wait until the craze dies out. cheers fernando
The alternative is that you would have no access to the watch at all.
When I read posts like this, the premise is always that if the watch was available for sale by a dealer at list price, then you in particular would be able to buy it at list price? Why do you think you would have access to a new Daytona at list price? If ...
Loyal customer
John, I have been buying from this dealer for 30 years. I don\'t know if that "qualifies" me as a good buyer but I have every complication from a 2 hand till minute repeater from them. Now you tell me if I may be miffed? Cheers
I think you answered this below
After all that business, they can't give you first shot at a watch you want? That's just blatant disrespect. Walk!
That would upset me as well. Sounds like you may be one of those "best customers" I was referring to.
The dealer sounds tactless.
On the bill
They just charge what the market can stomach and bill accordingly. Sickening. Cheers J
Don't be abused. Place an order at a serious AD. It will take months, or maybe more...
But you will get your Rolex Dayto one day, at the retail. Don't accept to play this game. Best of luck and resistance. Nicolas
Thanks
Thanks Nicolas. There is no way I will throw my money away at this dealer. He has lost my business for good. Cheers
Thanks for the kind advice
I plan to do that but not in my home country. I will look to place my name in a queue somewhere else. Thanks Nicolas
Take it easy my friend.....
It was the same when the DSSD was first introduced. I recall the ADs quoted a few grands above list. Even for the D-blue, is it really at US$3-400 above the existing model? Since it is regular production model, I would say be patient and not chase after i...
The fact is
The daytonas are never sold at list price from this part of the world. The old model still cost USD12k approx brand new at the dealers. The price tag for the new Daytona is there for all to see but you can\'t get it at list price. Well we all have a choic...
Disgusted
Kee, firstly I am not angry but disgusted. Secondly I wanted to share this experience and hear alternative views which I have so, its been successful in what the primary objective was by posting. Cheers J
I feel for you
I too am looking to get the Daytona and I am not paying the additional premium. Was at the dealers the other day admiring the beauty...unfortunate is a see no buy sort of thingy. Worse part was that it wasn\'t reserved for anyone but just waiting to go to...
Very dissapointing I have to say....
I can only assume it isn't uncommon over where you are..?? Here in England it is very strict....in fact on the opposite side if a Rolex dealer is found to be offering a discount they will get warned and then loose the contract. Even I don't get a discount...
Thanks so much
Hiya, Unfortunately the same is not true where I live. The dealers are just asking for ridiculous premiums. If your willing to pay, you can get a piece. I find this practice repulsive. I will wait and let the market cool before I dip my toe in. For now I ...