On this video, I'm gonna be going over five things you should know before buying a Rolex.
So for some of you, if it's the first time you're buying a Rolex it could be a scary
thing.
There's just things to look at and many things to be careful about.
You know, you see a lot of horror stories and chitter-chatter, but mostly cuz of people
that have no experience.
But here are 5 easy things you should look over before buying your first Rolex.
Number 1, not all Rolexes are investments.
Now, when I say this I say this lightly because Rolex overall is the watch that holds value
the best over any other brand.
Day in and day out, it's the strongest one in my opinion.
But people have this misconception.
They thing they can buy any Rolex, just randomly go to the store and play Rolex roulette and
just buy whichever random model and then assume that it appreciates a certain amount of percentage
per year.
I mean, that's not necessarily the case.
Just because you bought a Rolex brand watch doesn't necessarily mean that it's a model
in high demand and that the price will be increasing dramatically in the next coming
years.
When people say that, they say that they're good investments just because overall there's
not too many other products that you're able to buy, use it for so long, and still be able
to get back most of the value back from it.
Number 2 is, in most cases except for certain models, it's better to buy pre-owned than
new.
I just feel that you get a lot more savings and you get a better deal.
Yes, there are watches that are going over retail and clearly if you're able to properly
massage your AD salesman, you might be able to get it.
I highly doubt it though, but for the most part on regular days, not including this last
year because Hey, let's face it, for the last fifteen, twenty years, it's been better to
buy preowned on a consumer matter.
It's just you get a better deal, you let someone else pay full retail, then you buy the watch
at a better price.
This shows most, especially on most of the two-tone and solid gold model.
On the steel ones, sometimes there's not enough of a difference when the market is high like
right now that perhaps it's over retail or in the past where maybe it was very little.
But for the most part, I recommend going pre-owned.
So Number 3 is a random one, but I feel that it's necessary to mention it and it's that
sapphire crystals will scratch.
You wouldn't believe how many people are surprised that they scratch the crystal on their watch
or pretty much say that it's not possible to scratch.
Yes it is.
Go ahead and drag it along a concrete wall and you're gonna see what's gonna happen to
the sapphire crystal on your watch, so be very careful.
Don't assume that it won't get scratched because it will.
You have to be careful and it will cost a lot of money, easily $300 to replace.
Now Number 4 is more for the people that either decided to go brand new, either because they
had an opportunity to get a watch that was high demand or maybe just because it's their
first watch and they wanted the full experience.
I'm not against that.
I totally understand how it goes.
Been there, done that.
But when you buy one of those brand spanking new watches from an AD and you get the 5-year
and order today, we'll double it up to 10 years.
Whatever it is, OK?
Whenever you get these 10, 15, 20, 30-year warranties which you're probably never gonna
use because let's face it, Rolex is like a Toyota in the sense that it never breaks.
I hate to compare it to Toyota, but what I mean is they don't break.
They're so well made.
They never have a problem.
What I wanna say is that these warranties only cover manufactured defects, so if you
scratch your watch like we just talked about before or if you drop it or if you leave the
crown open on a Datejust and you wet it...or you maybe happen to get in a fight with your
girlfriend and she throws it across the wall.
That's not covered!
And they'll choose to cover whatever they feel is deemed manufacturer defects.
Number 5, last but not least, box and papers are not essential.
I mean, it goes really down to personal preference.
If you're maybe a hardcore collector and you're just one of those that wants a complete set,
I get it.
Been there, done that as well.
Nothing wrong with that, but it's not 100% necessary.
The boxes for Rolex are generic and can be purchased anywhere separately.
The papers, like I mentioned, are just a warranty paper, so if you're getting a good deal and
the watch is gonna come with a bill of sale or a receipt from the person selling it to
you, hopefully a reputable dealer, with the serial number written on the receipt, that's
really the most important things.
I always think that papers are the icing on a cake.
If you're buying maybe a vintage Paul Newman Daytona reference number 6263.
I mean...then maybe the box and papers can add dramatic differences, but I can't tell
you how many are out there naked without box and papers and still have tremendous value.
So in conclusion, buying your first Rolex could be a scary thing if you don't have somebody
next to you that can guide you or help you, but watching something like this and really
putting these matters into effect can help you selecting the right watch and being careful
not to make any other mistakes.
This can also be applied to the three tips in entry level Rolexes.
So keep these things in mind when buying your first Rolex and they'll help you navigate
through the waters.
So thank you for watching and feel free to comment below if there's anything that you
feel is important when buying your first Rolex.
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This is Eric, Watch Your Style!