Hi.
My name is Eric and thank you for joining us here on Watch Your Style.
Today, I want to talk to you about the difference between new and pre-owned.
The first thing that obviously comes to my mind is price.
You're looking to spend an average of a thousand to two thousand dollars extra when purchasing
a new Rolex vs used.
Now, that might not sound like a lot.
However, the one main thing that pops to my mind is resale.
And why would resale really be a big deal is really subjective.
But, unless you're planning on making this Rolex purchase your last one ever and you
plan on never selling it or trading it, you might want to think twice about buying new.
Now, if you take a close look at both of these, you'll notice that with the exception of the
case stickers, they are almost in exactly equal conditions.
Granted, this watch is preowned, like new and I like to mostly sell pre-owned watches
that look almost like new.
If they are way too beat up or they have way too much damage sustained and they can't be
detailed, I would rather just not sell it.
If I were to advertise this pre-owned, like new, believe me, it's going to be pre-owned,
like new.
When you buy a watch that's unworn like this one with the full case stickers, some of the
little extra things that you get are like the hand tags and dealer tag, which is pretty
much just a little piece of plastic with a bar code and a serial number.
You also get an open warranty card.
Now, I guess it just depends...do I want to go new or preowned?
When buying a pre owned watch, some of the things you want to look at, like I mentioned
earlier, is the condition.
Condition and price to me are what's going to make the most determining factor.
Because if you're going to be paying almost the same thing as brand new and the watch
is not going to be in new condition, then you're obviously might as well just buy it
new.
But if you're going to save a bunch of money if buying pre-owned, like new, when the time
comes that you get bored of this Yacht-Master II..maybe you want to upgrade to something
a little different.
Maybe you want to go with a gold Submariner.
Who knows?
That's when you're going to really know this is in the resale.
Now let's talk about the warranty card.
I have many customers that feel like they need to have the warranty with every watch
they purchase.
Now, let me tell you, for me at least, I never use the warranty card as a way to confirm
that a watch is real or any thing of that matter.
The warranty card is nothing more than a piece of plastic that applies a warranty to the
person that signed the back.
Now, I personally like to always try to keep the original warranty card attached to the
watch.
But sometimes people come in and do a trade not expecting to do a trade, and they don't
have the card with them.
Many times, they're from out of the country or out of town and I can't express to you
the amount of times that local buyers have brought me a watch to trade in.
I've expressed to them that...go home, look for the card in the file cabinet or wherever
you hid this piece of plastic...like if it was the car title...like the title of a car
to the watch...and never bring it to me.
Then they show up with the card maybe 3 or 4 months later, asking for their additional
200 dollars, which is pretty much what the card is worth in the pre-owned market, and
by that time, the watch is already sold.
Now, if I can get the pre owned watch and it has the card, it's a plus.
I wouldn't mind having the card.
But at least for me, it will never be a deal breaker because, like I said, the warranty
card is just a warranty card and it only applies to the person's name on the back.
And being that it's valid and that it has not a six year old watch, which by that point...like
I said, it's just a piece of plastic.
If it could come with the watch, fine, even better.
To me the most important factors in buying a preowned watch over new...it's going to
be 3 factors for me.
1) The person that I'm buying it from is a reputable and trustworthy dealer.
2) Condition.
In this case, this watch is like new.
This particular watch is for sale at the store for 18.5.
It comes with a box, 1-year warranty from us, mechanical of course, and box.
Now, it does not have the original card and for me, I don't think it's worth an additional
two thousand dollars.
And last, but not least, is the price.
With those three factors in mind: trustworthy dealer, condition and price...those are the
things I look at.
If I can get a card with my purchase, it would sweeten the deal, but for me personally, it
will never be a deal breaker.
Now let's run down the final details between purchasing new versus used.
When buying new, you can expect to pay an additional one thousand to two thousand dollars
more on your purchase, depending on obviously where you buy it.
If you're going to buy it an an AD, you're going to pay full retail...no mercy.
Now, what to expect with that new watch?
You're going to get stickers on the case, dealer tag, and the standard hand tag � and
an open warranty card.
Pre-owned, like new, you're going to save a ton a money, which when you go to trade
the watch in because, at least me, I buy my watches, I use them for a while, and then
often I just want to trade up and get something else, so when I go to resell it, that's when
that's going to matter at that moment.
I may or may not have the warranty card when I purchase a preowned watch, depending on
whether or not it got separated from it or not.
But at the end of the day, this is really just up to opinion.
Some clients of mine only buy brand new, so I try to get them the best price possible
with the brand new purchase.
And at the end of the day, you just got to get a watch with the 3 most important factors,
whether you're paying new or pre owned.
Until next time, thank you for joining us.
If you liked this video, please remember to like and share.
Also, don't forget to tune in and subscribe to our channel.
Until next time, my name is Eric.
Watch Your Style.