How many people buy watches on credit
Was interested to get an idea of how many people buy watches using credit/credit cards/loans etc.
I read today that over 90% of new car sales are from people using some form of credit. Car purchases are obviously very different from watches but in one sense watches may be better suited as devaluation tends to be immediate and then resale value relatively stable.
That said I personally would never borrow money to purchase a luxury good, rather go without until I can afford.
What do others think? Do you/would you borrow to buy a watch?
Sent from my iPhone using Tapatalk
How many people buy watches on credit
i’m probably the minority but i try to always use credit if possible AsSUMING ofcourse it’s 0% interest. I would never buy a luxury good with interest that is madness but if i’m buying a £10k watch for example and i can get that 0% interest free it makes more sense to do it that way for me as i can keep the rest in the markets such as etfs shares etc.
Certain situations i may even get a cheap loan at say 3% let’s say in the highly unlikely situation where a Rolex AD offers me a black and white ceramic daytona and a Patek worldtimer enamel i may bite the bullet and pay the 3% LOL
Sent from my iPhone using Tapatalk
How many people buy watches on credit
Rolex and Patek, no problem as there is little discount to be had so why not keep the cash in the bank?
Just about any other model you will get a decent discount for paying cash, but will not get any discount if you take credit. It makes sense here to pay cash.