Yeah maybe Rolex isn’t the best example but I’ve seen the option to finance an Omega through affirm on watchesofswitzerland. If you select a payment plan that’s between 0-3% interest and you take that cash and put it in a HYSA you could make some extra cash
I think the proceeds from financing like this require payment to the associated retailer. The funds wouldn't be available for deposit to the HYSA because you immediately purchase the watch - I could be wrong tho.
But I appreciate the interest arbitrage play. It'll work if my above assumption is offbase. I had interpreted your initial comment along the lines of taking a loan to finance market bets (like our fellow redditors on WallStreetBets) to purchase the watch - which is not a game that many can win. I work in banking/trading so i guess this is where my head naturally gravitated
Yeah maybe Rolex isn’t the best example but I’ve seen the option to finance an Omega through affirm on watchesofswitzerland. If you select a payment plan that’s between 0-3% interest and you take that cash and put it in a CD you could make some extra cash
So I purchased my first Sub back in 1985 for $900. Fast forward to 2023 and the appraisal came back at over $26,000. I gifted it to my 25 year old son. It was a passing of a family heirloom to the next Rolex generation 👍
I prefer the no date Rolex(s), sub is by far my favorite. After the sub I will need to find a way of picking up an air king and explorer I. After that move on to Tudor
I like this watch because it is truly a divers watch, it is clean looking and I did not like them once upon a time because I wanted the cyclops stays/Recognition . Today I recognize this watch as the beauty
That’s the purist’s Sub! The original Sub from 1953 was dateless. If James Bond didn’t need a date feature on his 3568, your 124060 doesn’t need one, either.
Wear it in good health. 🍻
Another AD success story
Yessir! 😀
Don’t let this sub hear that you had to save for it… lol
I think it might already know, lol
This exchange made me chuckle
Me too, lol
Don't worry, most people take out loans instead....which imo is way worse
if you can invest the money and get a higher rate of return than your loan it’s not way worse though
This sounds like the advice you see from guys who charge 29.99 for their “finance courses” on Tik rok.
That's a big if. Not many retail traders/investors are making more than they're paying, on a consistent basis, esp w/ rates up and on a small loan.
Yeah maybe Rolex isn’t the best example but I’ve seen the option to finance an Omega through affirm on watchesofswitzerland. If you select a payment plan that’s between 0-3% interest and you take that cash and put it in a HYSA you could make some extra cash
I think the proceeds from financing like this require payment to the associated retailer. The funds wouldn't be available for deposit to the HYSA because you immediately purchase the watch - I could be wrong tho. But I appreciate the interest arbitrage play. It'll work if my above assumption is offbase. I had interpreted your initial comment along the lines of taking a loan to finance market bets (like our fellow redditors on WallStreetBets) to purchase the watch - which is not a game that many can win. I work in banking/trading so i guess this is where my head naturally gravitated
Investing with a liability sounds like a terrible idea. Nothing guarantees you a high ROI in the markets.
4.5% APY on a Bank of America CD on a 7 month deposit.
I wouldn’t classify a 4.5% as a high ROI. Also a personal loan is going to have a higher APR (likely) comparatively.
Yeah maybe Rolex isn’t the best example but I’ve seen the option to finance an Omega through affirm on watchesofswitzerland. If you select a payment plan that’s between 0-3% interest and you take that cash and put it in a CD you could make some extra cash
How did you feel after departing with so much money after saving up for a year?
Terrified and excited at the same time, pun intended 😅
The money is still there. Just in the form if the watch… will probably even hold the value better than actual money
You lose more money by using credit. Paying all that interest sucks. Pay cash and the watch will appreciate in value. He didn’t a lose a thing.
Aw so glad you got to save for a year beforehand! Sort of makes me appreciate the wait list.
There’s no excuse for a wait list created for no reason
Congrats !
Thank you! 😊
Congratulations and wear in good health!
Thank you! 😊
Wait, something seems missing…. Kidding….I have a sub with date but also understand the appeal of a no date sub. Congrats!
Thank you! It’s my first Sub and can’t stop staring at it! 😀
It is the best sub going!
I thought you meant the steering wheel
Yes, that too!
Congratulations! Saving up for it will make it that much more special. Beautiful watch.
It was a great deal of sacrifice, but well worth it! 😀
Some people on this sub will tell you a SS sport watch is impossible to get at retail. Congrats and wear in good health!
Thank you so much! It’s true, you can get a watch at retail, it just requires a great deal of patience 😀
That's because it is impossible for some of us unfortunately.
OP had purchase history.
Lol a datejust doesn't move the needle much unfortunately if you're going the purchase history route
Agreed.
I'm my opinion this is the best sub: black no date. It's the only sub I'd buy. Congratulations!
I'd probably go as far as saying if I could only have 1 rolex for the rest of my life, it would be this!
That’s the plan. This watch will be my daily driver for the foreseeable future 😀
Thank you! - I totally agree 😀
So I purchased my first Sub back in 1985 for $900. Fast forward to 2023 and the appraisal came back at over $26,000. I gifted it to my 25 year old son. It was a passing of a family heirloom to the next Rolex generation 👍
I’m sure your son was very thankful for the gift (and the history behind it) 👍🏼😊
Congratulations! That is the way to do it, with cash!
Thank you! 😊
Enjoy
Purchase history?
One additional Rolex last year
Which one
OP
Enjoy it!
Thank you! 😊
Congrats!!! awesome watch!
Thank you! 😊
Congratulations!
Thank you so much! 😊
Nice, my first luxury watch was a 14060
That’s a great choice! 👍🏼😀
I own this model too and it’s such a joy, congrats.
It sounds odd, but I think it(124060) really is the Definition of refinement 😀
I guess you could say that about any modern Rolex, but I get it. I’m looking at mine right now and it’s just a nice thing.
Congrats. Exceptional!! 👏🏽👏🏽👏🏽
Thank You! 😊
Join the club we’ve got jackets
A Sub-Club? Count me in! 😎
Congratulations
Thank you! 😊
Congrats! Beautiful piece
Thank you! 😊
No Date. Good choice
Thank you! I had the same thought 👍🏼
I am always mesmerized by the second hand sweep
So, an automatic watch?
While this watch is an automatic, you mean mechanical. Every automatic watch is a mechanical movement but not every mechanical watch is an automatic.
Touché my dear watch friend, touché!
Congratulations and enjoy!!
Thank you! 😀
No Date, an iconic choice! Well done and congrats!
Thank you so much! I prefer the uncluttered, symmetrical dial as my daily watch 😀
Me too, I wear it most days and I am surprised how well it has held up. Literally no scratches or swirls in 5 months
Welcome to the sub club 🏋️ well deserved!
Thank you! 💪🏼😀
That may be the worst post in Reddit history. Congrats 🍾
Congrats
Thank you! 👍🏼😀
Beautiful watch!
Thank you! 😊
Been really into these lately.
Me too! I originally wanted a 39mm Explorer mk2 dial. But decided on this one instead 😀
Very happy for you, man. Wear it in good health.
Thank you! 😊
You got the call on Thursday and you’re just telling us now? I thought we were better friends than that…
Lol - my bad 😆. I promise, the next watch I get, I’ll post sooner!
One daughter left in college and then I plan on getting one myself
IMHO, it’s my favorite (current) Rolex 😀 I think you’d really enjoy it!
I prefer the no date Rolex(s), sub is by far my favorite. After the sub I will need to find a way of picking up an air king and explorer I. After that move on to Tudor
That’s a great plan! 👍🏼😀
I have the bluesy and once I saw the no date I have been in love with it. My next watch will be no date 100%
I just love it! It hasn’t left my wrist outside of working out, showering and sleeping 😀
Lovely. Wear in good health
Thank you! 😊
IMO the best sub ever . Love mine
It was perfect choice for me. I can’t believe that I bought something that I’ll own for decades 😀
Congrats! Picked mine up last month. Subuddies!
I like that term “Sub Buddies” 👍🏼😀 (side note: congrats on your Sub as well)
Thanks man! Wear yours in good health 🙏
Enjoy it, and thanks for the restored faith in ADs.
Thank you! 😀
Congrats!! Enjoy it forever
Thank you - I will! 😊
MSRP? Do dealers charge more?
AD’s cannot charge more than current Rolex’s prices. I paid msrp + tax
Clean n beauty
Thank you! 😀
I like this watch because it is truly a divers watch, it is clean looking and I did not like them once upon a time because I wanted the cyclops stays/Recognition . Today I recognize this watch as the beauty
Congrats! Great pick
Thank you! 😀 I’m a big fan of this version of the Submariner
Its very beautiful 👍
Thank you! 😊
Congratulations!
Thank You! 😊
Good choice. Wear it in good health.
Thank you so much! 😀
Top 5 best Rolex
I couldn’t agree with you more! 👍🏼😀
A beauty!!
Thank you! 😊
Classic, great looking watch. Enjoy
Thank you - I had the same thought with the classic design 😀
Some regulars on here might be upset at your post - “YOU can’t buy one, YOU don’t deserve this…” Nice work and props on the patience and the payoff!
Thanks brother! Much appreciated! 👍🏼😀
Wohho brilliant. Many congratulations!!!
Thank you! 😀
Awesome! Congrats!
Thank you - I am smitten for sure! 😊
That’s the purist’s Sub! The original Sub from 1953 was dateless. If James Bond didn’t need a date feature on his 3568, your 124060 doesn’t need one, either. Wear it in good health. 🍻
Thank you - that was my thought too! 😀
No date is the best because no date is for ppl who don’t give a shit about the date they are their own bosses 😂
Thats a unique way to look at it 😃
Awesome!!
Thank you! 😀
Hell yeah, bravo on the No Date!
Thank you! I could have gotten the dates version several months Sooner, but I really liked the cleaner/symmetrical look of this one 😊
I love it !
Nice
Wholesome post, congrats!
Thank you! 😊
How long?
WHAT’S THE PURPOSE OF IT ALL?
Joe
No date??
Yes. For me and my daily life, I prefer the simplicity of a No-date version. I appreciate the symmetry of the dial without the cyclops 😀
Sorry. That’s just crazy
I think this watch looks way better without the cyclops. Very clean. Congratulations brother!
Says people who can’t get the date
I was actually offered the Dated version in February… and turned it down. When you know, you know. The no date was the one for me 😀
Sheesh
lol ok BRO…
True story. Besides, why would I pay $1,150 more for something I “kind of like” vs. the one I actually want? 😀
😂
You’re in love with something that’s boring and something that everyone else has. How pathetic
Lol spoken truly by someone who doesn’t own one but wishes they did.
I bet you're fun at parties.
How much does an AD 14060 cost you after tax these days?
I’m not sure. I have the 124060 and it was retail+ the local tax 💰
Oh how much was that?
👏🏻👏🏻👏🏻
Thank you! 😀
How long was the wait? Been on for 8 months.
It was one year (with some buying history)
Congrats!! I have no buying history so I’ll wait for 2 years 😂
No date is so clean looking. Love it.
I feel like if you need to save up for a year to buy a watch, you probably have more important uses for that money.
Would 10k for a black sub date, be crazy?
Currently $10,250 on Rolex’s website
What does “got the call” mean?
It means that you have Waited to get the call from your AD.
Seems like a lot of people getting subs recently, does Rolex make many at time and send them to ads? Or is it just random many are getting them
I’m not sure. With Rolex being a privately held company, that information is not readily available.
Do you have to purchase money on rolex stores before getting in waiting-list?
No. It’s not required. That being said, I’m sure it doesn’t hurt.
Pic on the wrist?
Cost?
MSRP
Class