Watchfinder Buyback
Discussion
I guess if you buy one that has no papers, it gives a certain amount of comfort that this won't hinder you when you come to sell it.
Some have papers, and some don't.
I guess if you think WF will still be here in 2 years, it's money in the bank.
The only thing might be that if a watch actually appreciates in value (rather unlikely in a 2 year timeframe), you might lose out by "only" taking the purchase price back.
Some have papers, and some don't.
I guess if you think WF will still be here in 2 years, it's money in the bank.
The only thing might be that if a watch actually appreciates in value (rather unlikely in a 2 year timeframe), you might lose out by "only" taking the purchase price back.
alanm_3 said:
I guess if you buy one that has no papers, it gives a certain amount of comfort that this won't hinder you when you come to sell it.
Some have papers, and some don't.
I guess if you think WF will still be here in 2 years, it's money in the bank.
The only thing might be that if a watch actually appreciates in value (rather unlikely in a 2 year timeframe), you might lose out by "only" taking the purchase price back.
But then you'd just sell it on elsewhere for more. Some have papers, and some don't.
I guess if you think WF will still be here in 2 years, it's money in the bank.
The only thing might be that if a watch actually appreciates in value (rather unlikely in a 2 year timeframe), you might lose out by "only" taking the purchase price back.
I'd not looked at it but being as it's only on selected watches which are likely to appreciate/stay stable it's probably not as attractive as it sounds.
I thought it might be helpful to follow-up on this thread as someone who has used the buyback guarantee.
I bought a stainless steel sports Rolex from Watchfinder a couple of years ago, which came with the guarantee and very recently decided to sell it - almost exactly 2 years since I had bought it. It wasn’t a watch that I wore every day, it was rotated with a few others and its condition was commensurate with that. I was sceptical of the buyback guarantee when I bought but thought that I’d give it a go now, anyway. I was expecting to be hit with small print, servicing, polishing – all manner of excuses, as I was conscious that used retail now was (arguably, a little below) what I paid.
Anyway, it turned out that it was all very straightforward. They were obviously very keen for me to do a part exchange deal, which I eventually declined – notwithstanding their generosity. The buy back amount was offered, and confirmed when they received the watch after a short inspection.
It wasn’t a good deal for them, but it does mean that in due course I will certainly buy from them again.
I hope this is helpful.
I bought a stainless steel sports Rolex from Watchfinder a couple of years ago, which came with the guarantee and very recently decided to sell it - almost exactly 2 years since I had bought it. It wasn’t a watch that I wore every day, it was rotated with a few others and its condition was commensurate with that. I was sceptical of the buyback guarantee when I bought but thought that I’d give it a go now, anyway. I was expecting to be hit with small print, servicing, polishing – all manner of excuses, as I was conscious that used retail now was (arguably, a little below) what I paid.
Anyway, it turned out that it was all very straightforward. They were obviously very keen for me to do a part exchange deal, which I eventually declined – notwithstanding their generosity. The buy back amount was offered, and confirmed when they received the watch after a short inspection.
It wasn’t a good deal for them, but it does mean that in due course I will certainly buy from them again.
I hope this is helpful.
Eh? They're selling for less than they're buying at under the guarantee - doesn't matter what the values are, does it? My point has been they're standing behind a guarantee other businesses would perhaps try and dodge, that's all. 
Edit to add: it was a free put-option; I paid no more, perhaps less than equivalent watches were for sale at with other dealers in 2014.
Edit to add: it was a free put-option; I paid no more, perhaps less than equivalent watches were for sale at with other dealers in 2014.
Edited by BobTurner on Friday 22 January 10:35
BobTurner said:
Eh? They're selling for less than they're buying at under the guarantee - doesn't matter what the values are, does it? My point has been they're standing behind a guarantee other businesses would perhaps try and dodge, that's all.
Edit to add: it was a free put-option; I paid no more, perhaps less than equivalent watches were for sale at with other dealers in 2014.
And my point is that they made their margin when they punted out the thing in the first place, why won't you give us the actual details with the numbers? Edit to add: it was a free put-option; I paid no more, perhaps less than equivalent watches were for sale at with other dealers in 2014.
Edited by BobTurner on Friday 22 January 10:35
Adrian W said:
BobTurner said:
Eh? They're selling for less than they're buying at under the guarantee - doesn't matter what the values are, does it? My point has been they're standing behind a guarantee other businesses would perhaps try and dodge, that's all.
Edit to add: it was a free put-option; I paid no more, perhaps less than equivalent watches were for sale at with other dealers in 2014.
And my point is that they made their margin when they punted out the thing in the first place, why won't you give us the actual details with the numbers? Edit to add: it was a free put-option; I paid no more, perhaps less than equivalent watches were for sale at with other dealers in 2014.
Edited by BobTurner on Friday 22 January 10:35
Same here bought quite a bit from them, the other thing that they seem to do is almost run a loyalty scheme. I have had conversations with them where i have managed to get a watch for a very good price seemingly because i have been a good customer. I won't mention specifics as this would be unfair to them but have managed to secure watches for what i believe to be a very good price looking at the market.
Have had a problem with one watch which i sent back they repaired it and returned in about a week so happy with the aftersales side too.
With regards to the buyback guarantee they state they accept regular wear on the watch without penalty and as stated at least means that ignoring inflation you wont lose money should you need to sell.
Have had a problem with one watch which i sent back they repaired it and returned in about a week so happy with the aftersales side too.
With regards to the buyback guarantee they state they accept regular wear on the watch without penalty and as stated at least means that ignoring inflation you wont lose money should you need to sell.
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