zOwie Omega Discussion Forum

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Re: Omega Resale Value

In Response To: Re: Omega Resale Value ()

: The main reason for this is the fact that Rolex
: does not discount from MSRP when you buy
: new, or if they do discount it is only a few
: percent. Used models hold their value better
: since someone would be happy to pay 80% of
: MSRP for a quality used watch rather than
: full retail for a new one.

: When you look at Omega, a lot of AD's offer
: substantial discounts when you buy new, so
: by the time the watch becomes
: "used" it has taken another drop
: in value from MSRP.

Here are the figures of the watch in question :
MRSP : CAN$3950 - 20% discount = $3160 + 7% sales tax = $3381. Present value: $1690 which is also the net "loss" since it loses 50% of it's value right there and then.
Theoretically you can the buy the watch in the am and if you try and sell it in the pm, this is what you'll be looking at. It's sure not a good investment !