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Thread: Shopping for watches in foreign countries

  1. #1
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    Default Shopping for watches in foreign countries

    Can anyone here share their experience/s on a buying trip overseas?
    What did you get and how did you also pay for it?

  2. #2
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    If u are going for hot models eg daytona or new pam releases, it is really subject to stock availability at the dealers. So making a "buying trip" specially for these models may be risky if there are no stocks.

    If u happen to be on holiday then by all means buy if price is cheaper than sg. Need to do ur homework by checking out local AD prices and grey dealers offerings (if u dun mind getting grey sets).

    Have fun shopping!
    elusive

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    Will the VAT rebate be less off from the price of the watch when we purchase or do we claim the VAT refund somewhere else?
    if better is possible, good is not enough

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    With regards to VAT it will depend on the country and also the retailer. I've bought at Bucherer in Luzern Switzerland and they automatically deducted the VAT. I've also bought at Bucherer in Frankfurt Germany and they will use global blue to claim back the VAT on your behalf. The price that you pay in most European countries will include VAT and is charged to your credit card there and then. Check out the global blue website and its pretty comprehensive. Also try out their net VAT calculator to get the most accurate figure of the VAT refund that you're entitled. Customers can obtain their refund in the city of purchase but still need to show export validation upon leaving the EU.

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    Thanks guys for all the sharing. Good to learn from shared experiences.

    Have a good CNY celebration and have a good start to the 'real' new year!

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    Tax refund and currency exchange gives you the price advantage of buying overseas, especially in Europe now. Some advise:
    1) Cash gives you better rates than credit card rates if you are brave enough to carry that much for your Rolex or even more for that Patek.
    2) Get to the airport real early if you want to get your immediate tax refund in cash - at least one hour before the airlines' two hour. There have been cases of slow or nil/lost tax refund by dropping the forms in the box.
    3) In some countries, there are different tax refund operators, so don't put the forms in the wrong box or queue at the wrong line.
    4) Wear your new watch and pack the box or post the box back (some shops do it for you free) to avoid the 7% GST when you return home.

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    I seen this shop Bucherer mentioned a few times here. Is the recommended AD in Europe? Are their prices competitive?

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    Quote Originally Posted by soogoobear View Post
    Tax refund and currency exchange gives you the price advantage of buying overseas, especially in Europe now. Some advise:
    1) Cash gives you better rates than credit card rates if you are brave enough to carry that much for your Rolex or even more for that Patek.
    2) Get to the airport real early if you want to get your immediate tax refund in cash - at least one hour before the airlines' two hour. There have been cases of slow or nil/lost tax refund by dropping the forms in the box.
    3) In some countries, there are different tax refund operators, so don't put the forms in the wrong box or queue at the wrong line.
    4) Wear your new watch and pack the box or post the box back (some shops do it for you free) to avoid the 7% GST when you return home.
    Just a thought about #4, would it be risky to post the box back? if posting a couple of boxes, and it gets checked by customs, all your details are there, i.e. your name, address etc. as well as the shop's address.
    elusive

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    Quote Originally Posted by ac_wong75 View Post
    I seen this shop Bucherer mentioned a few times here. Is the recommended AD in Europe? Are their prices competitive?
    I think they are one of the larger ADs for Rolex in a few European countries, but based on my personal experience, prices are not as competitive. But really, u need to step in, talk to them and ask for the price, compare with other shops etc.
    elusive

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    Quote Originally Posted by satch View Post
    Just a thought about #4, would it be risky to post the box back? if posting a couple of boxes, and it gets checked by customs, all your details are there, i.e. your name, address etc. as well as the shop's address.
    Satch,
    You can't be taxed based on a couple of empty boxes as it is difficult to prove the link between your purchases and empty boxes.

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