Buying a watch to immediately sell on

[ScottishExile]

Hi all. Strange request on behalf of my partner's daughter. She has a voucher worth £2,500 which can be spent in either Mappin & Webb or Goldsmiths. As she's expecting her first child at Christmas and money is tight, what she really wants is to have the cash value.

She is looking at buying a watch and immediately selling it on eBay for as close to purchase price as she can get. I've already warned her of the risks of selling a high value item on eBay, and suggested that she should try and sell the voucher instead.

If she does go for a watch, I've recommended that she should go for a renowned 'watchmaker' name such as Omega, Breitling, Rolex or Tag and to avoid the 'fashion' names such as Gucci, Armani, Diesel, DKNY etc.

Is this wise advise and/or is there anything you can recommend she should look to buy, that will get her the best possible return when she sells it on?.

[Vvroom]

She'd be best selling the voucher.

She couldn't afford a Rolex with £2500 and the value of any of the others you have mentioned would sink like a stone.

[michael gould]

ScottishExile said:

Hi all. Strange request on behalf of my partner's daughter. She has a voucher worth £2,500 which can be spent in either Mappin & Webb or Goldsmiths. As she's expecting her first child at Christmas and money is tight, what she really wants is to have the cash value.

She is looking at buying a watch and immediately selling it on eBay for as close to purchase price as she can get. I've already warned her of the risks of selling a high value item on eBay, and suggested that she should try and sell the voucher instead.

If she does go for a watch, I've recommended that she should go for a renowned 'watchmaker' name such as Omega, Breitling, Rolex or Tag and to avoid the 'fashion' names such as Gucci, Armani, Diesel, DKNY etc.

Is this wise advise and/or is there anything you can recommend she should look to buy, that will get her the best possible return when she sells it on?.

Sounds like he was coned by an insurance company following a claim......these vouchers are already heavily discounted .

[rog007]

Selling the voucher may reap a greater return than selling on secondhand goods bought new at high street retail prices. She needs to sell now too to offset any inflationary damage to the purchasing power of the voucher.

[jshell]

ScottishExile said:

Hi all. Strange request on behalf of my partner's daughter. She has a voucher worth £2,500 which can be spent in either Mappin & Webb or Goldsmiths. As she's expecting her first child at Christmas and money is tight, what she really wants is to have the cash value.

She is looking at buying a watch and immediately selling it on eBay for as close to purchase price as she can get. I've already warned her of the risks of selling a high value item on eBay, and suggested that she should try and sell the voucher instead.

If she does go for a watch, I've recommended that she should go for a renowned 'watchmaker' name such as Omega, Breitling, Rolex or Tag and to avoid the 'fashion' names such as Gucci, Armani, Diesel, DKNY etc.

Is this wise advise and/or is there anything you can recommend she should look to buy, that will get her the best possible return when she sells it on?.

Bad idea. Sell the vouchers for £2k instead.

[clockworks]

Try and find someone local who wants to "buy" the vouchers, go with them to the shop to make the purchase, then to the bank to transfer the cash.

I did this a while ago. Bought a Rolex using £5k vouchers that my estate agent had got from his insurance company.

[Lancerevo]

I will buy them.

[Dominic H]

michael gould said:

ScottishExile said:

Hi all. Strange request on behalf of my partner's daughter. She has a voucher worth £2,500 which can be spent in either Mappin & Webb or Goldsmiths. As she's expecting her first child at Christmas and money is tight, what she really wants is to have the cash value.

She is looking at buying a watch and immediately selling it on eBay for as close to purchase price as she can get. I've already warned her of the risks of selling a high value item on eBay, and suggested that she should try and sell the voucher instead.

If she does go for a watch, I've recommended that she should go for a renowned 'watchmaker' name such as Omega, Breitling, Rolex or Tag and to avoid the 'fashion' names such as Gucci, Armani, Diesel, DKNY etc.

Is this wise advise and/or is there anything you can recommend she should look to buy, that will get her the best possible return when she sells it on?.

Sounds like he was coned by an insurance company following a claim......these vouchers are already heavily discounted .

Coned, you say? Sounds drastic!

[HarrySmash]

michael gould said:

Sounds like he was coned by an insurance company following a claim......these vouchers are already heavily discounted .

Is there an alternative to accepting the voucher? Can the cash equivalent for the same amount be requested instead?