Advisory : Payment Method - Cash or Credit Card or Instalment Plan

[feudallordcult]

sorry to be another one bearing the bad news; but if you have to purchase a luxury product on installment; then i think you are not ready (financially).

a luxury product is just that, only purchase with idle cash.

most well-said.

[116520]

ic ic.... thanks for the info...

Yes, can. It's not tied to the watch brand but the watch company. If Hour Glass provides easy payment, you can use it on purchase of any brand they carry. Of course then, discount will vary.

[Oceanklassik]

Yes, can. It's not tied to the watch brand but the watch company. If Hour Glass provides easy payment, you can use it on purchase of any brand they carry. Of course then, discount will vary.

[116520]

Maybe I am wrong in saying Rolex's profit margin is "low". It is subjective. Some people think that 40% is high, some think it is low. I should have said relatively low when compared to other brands.

One thing is for sure, those so-called interest-free plans are actually not interest-free... very expensive one... Can anyone can confirm that we can use interest-free installment plan for buying rolex???

I would seriously doubt if both profit margin for Rolex and ADs is low.

[Oceanklassik]

im too poor to swipe a rolex on my credit card

isnt that a good thing? meaning you are wealthy enough to buy it outright!

Those who can afford to buy watches w/o needing to use the credit card/easy payment, are definitely the wealthier lot..

[julian_lim]

Thanks for the useful info.
Have a great weekend

It depend on individual whether wan to pay installment or full cash, as this is discuss before at different thread. I bought 2 on cash and 1 on installment too. No prb at all. To TS cortina, THG n Sincere all have credit card installment plan, discount vary from watch models... THG provide the longest plan of 24months, the rest is 12months.

[seiko.citizen]

im too poor to swipe a rolex on my credit card

isnt that a good thing? meaning you are wealthy enough to buy it outright!

[MsLucifer]

If you made yr purchase on installment on yr credit card and it max out yr credit limit, then you won't be able to use it until you settle the first installment freeing up the 1st installment credit amount.

Ex. Yr credit limit is 8,400. You buy a 8,400 watch. Yr cc now has 0 credit limit.
Assuming you took a 1 yr installment plan, so monthly you pay 700. After paying yr first installment of 700, then you will be able to swipe up to $700 nia after yr first installment is paid

If you have 12k credit limit, then you have 3.6k balance on yr cc limit.

I wun consider it locked up lah..

im too poor to swipe a rolex on my credit card

[Seventh Son]

I would seriously doubt if both profit margin for Rolex and ADs is low.

At least 40% profit margin I reckon. No modern business can survive on low profit margins anymore. Just look at their grand shop front and number of sales person to feed, how "low" can their profits be?

[KuchingKu]

Free instalment plan encourages over spending. Pls use it knowing fully it's risks.
Even if you think....since it's interest free, use it and then invest the cash. This means you are already presupposing the investment is a gain. If you lose, would be double whammy.

[jazz_samz]

On installment the card credit is also locked right?

If you made yr purchase on installment on yr credit card and it max out yr credit limit, then you won't be able to use it until you settle the first installment freeing up the 1st installment credit amount.

Ex. Yr credit limit is 8,400. You buy a 8,400 watch. Yr cc now has 0 credit limit.
Assuming you took a 1 yr installment plan, so monthly you pay 700. After paying yr first installment of 700, then you will be able to swipe up to $700 nia after yr first installment is paid

If you have 12k credit limit, then you have 3.6k balance on yr cc limit.

I wun consider it locked up lah..

[MsLucifer]

Installments

On installment the card credit is also locked right?

[daytona 6263]

The reason why you can't any "interest free" installment for Rolex is because the profit margin for Rolex is so low already for those AD or dealers... The bank actually charge the merchants some % for any purchases under "interest free" installment plan.... so it is not "free" after all...

unless you want to pay a premium over the list price, if not, I don't think any AD will offer you "interest free" installment plan for rolex purchase....

I would seriously doubt if both profit margin for Rolex and ADs is low.

[newbie09]

It depend on individual whether wan to pay installment or full cash, as this is discuss before at different thread. I bought 2 on cash and 1 on installment too. No prb at all. To TS cortina, THG n Sincere all have credit card installment plan, discount vary from watch models... THG provide the longest plan of 24months, the rest is 12months.

[seiko.citizen]

sorry to be another one bearing the bad news; but if you have to purchase a luxury product on installment; then i think you are not ready (financially).

a luxury product is just that, only purchase with idle cash.