zOwie Omega Discussion Forum

New Omega or Pre owned Rolex? Depends on what you're looking for in a watch, and how much you want to spend.

A watch with a fourth hand and 24hr bezel will allow one to tell time in different time zones.
Rolex, Omega and other watch manufacturers make these "GMT" watches.

The Rolex Sea-Dweller does not have a 24 hour bezel on it or a fourth hand. It has a 60 minute bezel which can be used to determine lapsed time.

If you are looking for a watch that will allow you to tell time in more than one time zone, Omega and Rolex both make very fine GMT models.

Choosing between Rolex and Omega is a personal choice. Sort of like choosing between Mercedes and BMW. You can't go wrong with either. There are some who will argue with this but the Rolex has better resale value because you won't find it heavily discounted. In other words, its tough to get a great deal on a pre owned one, because the new ones generally sell at or near retail. Hence the pre owned market really doesn't have to offer heavy discounts either. Where else are you going to go if you want a Rolex?

Omegas on the other hand can be found heavily discounted brand new. And in stores such as Costco. Which means that if you have a used one it better be offered at a price below what I can get a heavily discounted new one of the same model for.

One poster in this thread gives an example of a 35% discount on a brand new Seamaster. Difficult if not impossible to find that type of discount on a Rolex.

Great if you turn the Seamaster over in a year for say $900.00, you only lose 21% over the course of a year assuming you paid 1137.00 for it originally. But if you paid full retail or close to it, and there are plenty of people out there who do, and discover that you can only get $900.00 for it a year later then its a 49% loss in that same year.

The pre owned Rolex will cost you more and the loss after a year on it will be comparable to the loss you will see on the discounted new Omega in the same 1 year period. But over a 5 year or more period, the Rolex is likely to hold its value longer. Ultimately the decision is yours.

roLex Luthor