Discount on brand new PP at AD?
Discount on brand new PP at AD?
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Discussion

sealtt

Original Poster:

3,091 posts

188 months

Friday 1st January 2016
quotequote all
Hi, I found a Patek I really like - the 5205R. It's at an AD and list price is about £31k. I'm just wondering what sort of discount a buyer might expect to get on this watch?

Just considering straight up discount a UK AD would likely offer on such a piece (outside of London), not VAT avoidance tricks.

Any experiences / info would be really helpful. Thanks

Mr Overheads

2,635 posts

206 months

Friday 1st January 2016
quotequote all
A quick Google shopping search will find it at £26k at another dealer.

sealtt

Original Poster:

3,091 posts

188 months

Saturday 2nd January 2016
quotequote all
Thanks for looking, it is actually the black face one I want which is a little harder to come by - cheapest, and only, on Google shopping is £30k so not really any discount at all.

However, these are all non-AD and I want to buy from my local AD so would love to know what discount should (if any) be expected when buying from the main dealer this particular watch.

gvij

365 posts

154 months

Saturday 2nd January 2016
quotequote all
Silly answer but what difference does a few k make when your spending 30k? If it does then I suppose vat free in the USA or Switzerland is the way to go.

pistonheadforum

1,214 posts

151 months

Saturday 2nd January 2016
quotequote all
A beautiful watch - just spent a happy 10mins reading the owners manual for it on the Patek site and pretending I own it!

But if an AD really will just chop of £5k from the list price then it really makes the mind boggle and me wonder again about marketing, branding and deliberately limited production in the watch industry.

Should have studied marketing and business apparently...

Nice watch though and likely to hold it's value. OP let us know how much you get from the AD and whether the haggle is treated like the norm when buying this kind of watch.

marky1

1,094 posts

226 months

Saturday 2nd January 2016
quotequote all

gvij said:
Silly answer but what difference does a few k make when your spending 30k? If it does then I suppose vat free in the USA or Switzerland is the way to go.
Bit of a stupid question? No different to someone spending 3k trying to get 500 off. It's all relative? Why would you not try and save the money only because it's 31k?

sealtt

Original Poster:

3,091 posts

188 months

Saturday 2nd January 2016
quotequote all
Hi, yes despite the price to buy, I'm expecting it to cost me a lot less than that as I'll hopefully get a decent chunk back when I sell in the future, so any discount now helps make the ownership that bit cheaper. Plus there is an aspect of wanting to get a 'good deal'. Would be a bit annoying paying X only to find out someone else had paid X -10% for the same thing.

sealtt

Original Poster:

3,091 posts

188 months

Saturday 2nd January 2016
quotequote all
pistonheadforum said:
A beautiful watch - just spent a happy 10mins reading the owners manual for it on the Patek site and pretending I own it!

But if an AD really will just chop of £5k from the list price then it really makes the mind boggle and me wonder again about marketing, branding and deliberately limited production in the watch industry.

Should have studied marketing and business apparently...

Nice watch though and likely to hold it's value. OP let us know how much you get from the AD and whether the haggle is treated like the norm when buying this kind of watch.
It's a great one, the only black and rose gold model they have without getting to the grand complications.

I will let you know, I've got an idea of what I'd like to get it for, but could do with some examples for reference as there are hardly any on the used/ grey market to compare to.

Murcielago_Boy

2,014 posts

269 months

Monday 4th January 2016
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Hard to get a meaningful discount on PP at AD's. PP really quite strict about it.
And then it's kind of worrisome spending that kind of dough with a non-AD....


sealtt

Original Poster:

3,091 posts

188 months

Monday 4th January 2016
quotequote all
Thanks for the input, you were right they wouldn't really do much discount at all! Went for it anyway as it's my favourite piece currently on the market.

pistonheadforum

1,214 posts

151 months

Monday 4th January 2016
quotequote all
Ummm, Shirley you got at least something off to sweeten the deal?

Fling in an Omega Speedmaster or perhaps something for the Mrs to allow a discount to be applied without actually applying a discount? Kinda amazed if that didn't happen - after all how many of them do they sell a week?

Anyway congrats on the watch - it's a real beauty.

Edited by pistonheadforum on Monday 4th January 15:48

sealtt

Original Poster:

3,091 posts

188 months

Monday 4th January 2016
quotequote all
Haha yes, that is exactly how they did it - a couple of options, generally around £2k of value. I thought the best was 4 years 0% finance. So it works out OK - a nice little kicker, still of course notably cheaper if you play the tax evasion game, but that's not for me. And grey market supply is pretty non-existent on this specific model with the black dial.

Edited by sealtt on Monday 4th January 17:01

Murcielago_Boy

2,014 posts

269 months

Monday 4th January 2016
quotequote all
sealtt said:
Haha yes, that is exactly how they did it - a couple of options, generally around £2k of value. I thought the best was 4 years 0% finance. So it works out OK - a nice little kicker, still of course notably cheaper if you play the tax evasion game, but that's not for me. And grey market supply is pretty non-existent on this specific model with the black dial.

Edited by sealtt on Monday 4th January 17:01
5205R is a truly beautiful watch. Congratulations pal.
Don't forget to upgrade your contents policy/inform them!

sealtt

Original Poster:

3,091 posts

188 months

Monday 4th January 2016
quotequote all
Thanks, and yes I certainly shall!