Buying safely from a dealer on Chrono 24.
Buying safely from a dealer on Chrono 24.
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Perec

Original Poster:

28,176 posts

253 months

Thursday 12th September 2013
quotequote all

Hi All

I have spotted a Rolex watch I like on Chrono 24. It's for sale by an Italian shop whose website seems to check out, but it's about £1500 cheaper than the equivalent watch from other dealers.

So is there likely to be a catch? Is there a way of safeguarding myself for the eventuality that there is?

Many thanks

Vvroom

1,170 posts

221 months

Thursday 12th September 2013
quotequote all
Sounds like a good deal, I'm not surprised you're being cautious.

I've bought a couple of watches from Chrono24- both Rolex and from dealers in Belgium and Spain. There's only so much you can do security wise but I did all the usual stuff:

Google them
Google earth of their stated address
Are any of the staff on LinkedIn/similar (both of the guys I bought from were)
Speak to them on the phone
Ask for other photos to those on the ad/website.

Both of the watches were cheap and I flipped them for small profits.

Good luck.

Perec

Original Poster:

28,176 posts

253 months

Thursday 12th September 2013
quotequote all
Vvroom said:
Sounds like a good deal, I'm not surprised you're being cautious.

I've bought a couple of watches from Chrono24- both Rolex and from dealers in Belgium and Spain. There's only so much you can do security wise but I did all the usual stuff:

Google them
Google earth of their stated address
Are any of the staff on LinkedIn/similar (both of the guys I bought from were)
Speak to them on the phone
Ask for other photos to those on the ad/website.

Both of the watches were cheap and I flipped them for small profits.

Good luck.
They seem to have a lot of Google results. Google maps has not yet lead me to their shop.

I will give them a bell.

I would pay by card to get some protection, but I am guessing the currency conversion would take the shine off things a bit.

Vvroom

1,170 posts

221 months

Thursday 12th September 2013
quotequote all
^ a price worth paying, I think. Wouldn't erode your £1500 saving too much!

michael gould

5,698 posts

272 months

Friday 13th September 2013
quotequote all
Vvroom said:
Sounds like a good deal, I'm not surprised you're being cautious.

I've bought a couple of watches from Chrono24- both Rolex and from dealers in Belgium and Spain. There's only so much you can do security wise but I did all the usual stuff:

Google them
Google earth of their stated address
Are any of the staff on LinkedIn/similar (both of the guys I bought from were)
Speak to them on the phone
Ask for other photos to those on the ad/website.

Both of the watches were cheap and I flipped them for small profits.

Good luck.
all good advise ...but chrono24 offer a service to take all the risk out.....they offer to act as middle men

Vvroom

1,170 posts

221 months

Friday 13th September 2013
quotequote all
I didn't know that Mr G. Will look onto that next time. Actually, I'm very tempted by a 16750 GMT I've seen. Money needed for stamp duty though so will have to get Mrs Vvroom's permission.

Perec

Original Poster:

28,176 posts

253 months

Friday 13th September 2013
quotequote all
michael gould said:
all good advise ...but chrono24 offer a service to take all the risk out.....they offer to act as middle men
Can't seem to find that.

Perec

Original Poster:

28,176 posts

253 months

Friday 13th September 2013
quotequote all
Problem solved, the watch seems to have vanished from the site.

yeti

10,704 posts

306 months

Saturday 14th September 2013
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Perec said:
michael gould said:
all good advise ...but chrono24 offer a service to take all the risk out.....they offer to act as middle men
Can't seem to find that.
Comes up as an advertising window on occasion; I think it's Eu99 which is quite reasonable, but that might just be first contact on your behalf.

However, EasyJet flights and a taxi are cheap too. Don't rule out collecting it yourself smile

Perec

Original Poster:

28,176 posts

253 months

Saturday 14th September 2013
quotequote all
yeti said:
Perec said:
michael gould said:
all good advise ...but chrono24 offer a service to take all the risk out.....they offer to act as middle men
Can't seem to find that.
Comes up as an advertising window on occasion; I think it's Eu99 which is quite reasonable, but that might just be first contact on your behalf.

However, EasyJet flights and a taxi are cheap too. Don't rule out collecting it yourself smile
As I said above, it's gone now. It was an brand new 16710 GMT Pepsi for £4600. The next cheapest I have found is £1500 more.

Slagathore

6,225 posts

223 months

Monday 16th September 2013
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Did you get a reply from the seller, if you enquired about it?

I've been looking for a watch for a month or so now. It's proving impossible to either get a reply, or find someone willing to take payment on credit card. THere's no way I'm sending them money by bank transfer, but that's how they all insist on being paid. I don't know if they're worried I'll try and reverse the paymen if I pay by credit card?

There's no protection at all on there, or at least now on the watchers or sellers I've looked at. Even the little badges can be purchased, so anyone can pretend to be 'pro' or 'premium' seller.

I've spent ages Googling the sellers names and tried to find reviews. Google translate is good for the foreign forums, but there's still not much in the way of reviews.

All the sellers have been in Europe. None of them will answer if tax is due when shipped to the UK. I assume because they're not actually Authorised Dealers, the watches aren't brand new, so VAT would have been paid when it was originally purchased when they took it in to stock?

It's a bit annoying, I just ask a few simple questions and maybe 3 out of about 10 have replied, but all they say is they want payment by bank transfer, so not really much use anyway. They'd probably have a meltdown if I asked for extra pictures.


Perec

Original Poster:

28,176 posts

253 months

Monday 16th September 2013
quotequote all
Slagathore said:
Did you get a reply from the seller, if you enquired about it?

I've been looking for a watch for a month or so now. It's proving impossible to either get a reply, or find someone willing to take payment on credit card. THere's no way I'm sending them money by bank transfer, but that's how they all insist on being paid. I don't know if they're worried I'll try and reverse the paymen if I pay by credit card?

There's no protection at all on there, or at least now on the watchers or sellers I've looked at. Even the little badges can be purchased, so anyone can pretend to be 'pro' or 'premium' seller.

I've spent ages Googling the sellers names and tried to find reviews. Google translate is good for the foreign forums, but there's still not much in the way of reviews.

All the sellers have been in Europe. None of them will answer if tax is due when shipped to the UK. I assume because they're not actually Authorised Dealers, the watches aren't brand new, so VAT would have been paid when it was originally purchased when they took it in to stock?

It's a bit annoying, I just ask a few simple questions and maybe 3 out of about 10 have replied, but all they say is they want payment by bank transfer, so not really much use anyway. They'd probably have a meltdown if I asked for extra pictures.
No I didn't get that far. Just when I decided I'd buy the watch it disappeared. Not being an expert or regular buyer of watches I don't think I'd entertain just wiring five grand to a foreign watch shop in the hope of not being turned over. Not unless they were very well known and with an extensive and verifiable track record.

Not sure why they would refuse credit card if you paid the charges.

Your experience doesn't seem positive though does it.

PJ S

10,842 posts

258 months

Monday 16th September 2013
quotequote all
Slagathore said:
All the sellers have been in Europe. None of them will answer if tax is due when shipped to the UK. I assume because they're not actually Authorised Dealers, the watches aren't brand new, so VAT would have been paid when it was originally purchased when they took it in to stock?
WTF are you asking European sellers about tax for?
If they're part of the EU, generally signified by pricing in Euros rather than any other currency, then you've got sod all to worry about VAT or import duty when it arrives.
If they are outside the EU, then the only thing to ask is if they can provide a net price without local sales tax.

Have you asked if they accept Paypal, and whilst I'm not aware of any areas/countries where PP Protection is not offered or voided if purchased from, just check to make sure.

It may also help if you use Google Translate to translate your message into their language, even if it's not precise, as it shows a modicum of respect that not everyone speaks English – this is nothing more than common sense and good manners.

Slagathore

6,225 posts

223 months

Monday 16th September 2013
quotequote all
Perec said:
No I didn't get that far. Just when I decided I'd buy the watch it disappeared. Not being an expert or regular buyer of watches I don't think I'd entertain just wiring five grand to a foreign watch shop in the hope of not being turned over. Not unless they were very well known and with an extensive and verifiable track record.

Not sure why they would refuse credit card if you paid the charges.

Your experience doesn't seem positive though does it.
Seems to be looking up a bit now. kept looking again last night after posting that and this morning as well.

Managed to find a dealer in Italy who accepts credit card and replied to my message and all further messages within about 5 minutes. Paying by credit card gives a bit of peace of mind.

To be honest, from doing research a while back, people said to avoid using Italian sellers, but this guy has been on there for a while and has some feedback. Even a thread popped up on TZ-UK, so that helps a bit.

Will hopefully order it tomorrow.


Slagathore

6,225 posts

223 months

Tuesday 17th September 2013
quotequote all
PJ S said:
WTF are you asking European sellers about tax for?
If they're part of the EU, generally signified by pricing in Euros rather than any other currency, then you've got sod all to worry about VAT or import duty when it arrives.
If they are outside the EU, then the only thing to ask is if they can provide a net price without local sales tax.

Have you asked if they accept Paypal, and whilst I'm not aware of any areas/countries where PP Protection is not offered or voided if purchased from, just check to make sure.

It may also help if you use Google Translate to translate your message into their language, even if it's not precise, as it shows a modicum of respect that not everyone speaks English – this is nothing more than common sense and good manners.
I'd read somewhere that if VAT wasn't paid on the initial purchase of the watch, then it would be payable when it was sold on, or something along that line. Could be just making it up, though. I researched it a while back and then gave up on looking it up when I couldn't find a suitable seller.

There was also one ad on there from a French seller that specifically stated no VAT or Duties were payable, and seeing that made me wonder if it might have been payable on their watches because they didn't mention specifically that there was non to pay. Also, if they've dealt with selling within the EU already, they'd be able to point what you said out, but the few that did reply didn't even mention in.

I asked most what payment methods they accepted and they all said bank wire. One guy emailed back to say Paypal, but that was before I found the other guy who I'll hopefully order from tomorrow, as he's a couple hundred Euros cheaper and accepts credit card.

One the Chrono24 website, it shows you an icon of what languages they speak. Every seller I'd emailed had English down as one of their languages. I don't think it has anything to do with manners or respect, for them to operate a business, especially one like watch selling, it's more of a benefit for the seller to speak English than it is the buyer their language.

Even paying on credit card is still making me anxious. I'd never buy from Europe normally, I've only really bought 2 Sinns from Chronomaster, and there were plenty of references on here



PJ S

10,842 posts

258 months

Tuesday 17th September 2013
quotequote all
As you've already pointed out, English is not their native language, hence "lost in translation" is one answer.
Alternatively, because it's presumed the likely buyers are French or citizens of EU member States, then like yourself, if not clued about the whatnots and whyfors of duty and VAT when buying from outside their own country, he's done his best to allay any fears about having to pay any more than the price agreed and postage cost.

The likelihood of zero fees with BT payment is something they prefer rather than paying 2-3% for CC purchases, out of the profit margin they have left.
So it's not an innate distrust of foreign buyers maybe trying to pull a sly one, but more about keeping as much of their reduced profit as possible.

Perec

Original Poster:

28,176 posts

253 months

Tuesday 17th September 2013
quotequote all
PJ S said:
As you've already pointed out, English is not their native language, hence "lost in translation" is one answer.
Alternatively, because it's presumed the likely buyers are French or citizens of EU member States, then like yourself, if not clued about the whatnots and whyfors of duty and VAT when buying from outside their own country, he's done his best to allay any fears about having to pay any more than the price agreed and postage cost.

The likelihood of zero fees with BT payment is something they prefer rather than paying 2-3% for CC purchases, out of the profit margin they have left.
So it's not an innate distrust of foreign buyers maybe trying to pull a sly one, but more about keeping as much of their reduced profit as possible.
Like I said above, if the buyer pays the CC charges there should be no reason for the seller not to take a credit card - if the deal is straight that is.

yeti

10,704 posts

306 months

Tuesday 17th September 2013
quotequote all
Perec said:
Like I said above, if the buyer pays the CC charges there should be no reason for the seller not to take a credit card - if the deal is straight that is.
I suppose there always the chance you can reverse the payment with a CC or claim it was fraudulent.

BT is safest for them, but yes, a big risk for you. I've done it 3 times from respectable dealers on c24, it's a scary couple of days but there should be a LOT of emails back and forth and a verifiable trail with the bank.

Perec

Original Poster:

28,176 posts

253 months

Tuesday 17th September 2013
quotequote all
Slagathore said:
Perec said:
No I didn't get that far. Just when I decided I'd buy the watch it disappeared. Not being an expert or regular buyer of watches I don't think I'd entertain just wiring five grand to a foreign watch shop in the hope of not being turned over. Not unless they were very well known and with an extensive and verifiable track record.

Not sure why they would refuse credit card if you paid the charges.

Your experience doesn't seem positive though does it.
Seems to be looking up a bit now. kept looking again last night after posting that and this morning as well.

Managed to find a dealer in Italy who accepts credit card and replied to my message and all further messages within about 5 minutes. Paying by credit card gives a bit of peace of mind.

To be honest, from doing research a while back, people said to avoid using Italian sellers, but this guy has been on there for a while and has some feedback. Even a thread popped up on TZ-UK, so that helps a bit.

Will hopefully order it tomorrow.
It seems that Italian sellers combined with Chrono 24 get a bad write-up. I wonder why Italy is worse than other countries.


sparkyhx

4,200 posts

235 months

Tuesday 17th September 2013
quotequote all
previous reading round the internet italian postal service would appear to be very very bad/corrupt. Looking at some dealers they refuse to ship to italy amongst other more obvious dubious locations..

EDIT - quick search

It would appear there is a postal service problem
http://italychronicles.com/how-to-post-things-to-i...

Edited by sparkyhx on Tuesday 17th September 15:35