Quick Answer: When Should You Buy Your First Rolex?

What is the best country to buy a Rolex?

The best place to buy Rolex watches tax-free is in Europe.

This is because of the high VAT (Value Added Tax) that the EU has….The countries with the highest VAT are:Denmark: 25%Sweden: 25%Norway: 25% (Note, Norway is not in the EU, but you can still purchase tax-free if you are residing outside the EU).Finland: 24%..

What is the best selling Rolex model?

Submariner. Topping the list of the top 10 most popular watches is the iconic Rolex Submariner. … Datejust. … Daytona. … GMT-Master. … Yacht-Master. … Explorer. … Sky-Dweller. … Yacht-Master II.More items…•

Why Are Rolex So Expensive?

The materials are very expensive. Rolex, for example, tends to use 904L steel which is leagues ahead of even most luxury market equivalents. They tend to use 316L steel. This makes them harder, shinier and also more expensive by default.

Is it Douchey to wear a Rolex?

No it’s not douchey. It’s a nice watch. Wear it and enjoy it.

Why you should not buy a Rolex?

Rolex makes good watches; they’re robust, they don’t need much maintenance, and they hold their value if you get the right model. But a Rolex is no more reliable, no more technologically interesting, and no more comfortable than other watch brands on the market (that can cost a lot less).

Is it cheaper to buy Rolex in Switzerland?

“It depends on the vat in your home country. In fact the net price of practically all Swiss watches is all over the world the same. … So, the cheapest, but illegal way would be to buy it in Switzerland with tax and to smuggle it, if the Swiss tax is lower than ‘your’ vat.”

Is it worth it to buy a Rolex?

A Rolex watch can be a worthwhile investment. If you choose the right Rolex model, you can maintain or increase the value of it even though you wear it. Generally, it’s a myth that luxury watches are good investments. … So for some reason, if you ever needed money quickly, you could always sell your Rolex watch quickly.

Should I buy new or used Rolex?

The first and most obvious advantage to buying a pre-owned Rolex, rather than a brand new one, is the price you will pay. A brand new Rolex watch can be an expensive and daunting investment, especially for the first-time buyer, but picking up a used model can reduce the outlay significantly.

Is Rolex overrated?

It never loses its value by much either, so you can resell it for a profit or at least a good price to say the least… It never loses its value by much either, so you can resell it for a profit or at least a good price to say the least… So, it’s a win-win, in other words Rolex is not overrated.

When should I buy my first Rolex?

“A good time to buy your first Rolex watch is when you have enough discretionary income to where you can afford the model you want. Our average Rolex buyer is 40 to 45 years old but we have recently experienced a 15% increase in younger buyers in their mid to late twenties.

What Rolex should I buy first?

An ideal first Rolex watch would be an all-time classic, like the Submariner or GMT-Master. It will fit most people perfectly, not only in terms of appearance but also in terms of ‘requirements’. These iconic watches will keep good value as well.

Which Rolex will be discontinued 2020?

Green Submariner 116610LVShock horror, Rolex discontinuing the Green Submariner 116610LV in 2020. This was a prediction of many last year and even in 2018 but it still hasn’t happened.

Does Rolex lose value?

As an owner of Rolex watches, the simple answer I would give is that they do not appreciate in value but they do not lose a lot of their value. Certain series of watches will increase their value like the ref. … But with Rolex I find that the vintage ones appreciate more than the newly purchased ones.

What is the most desirable Rolex watch?

Rolex’s Most Popular Watches:Submariner.Cosmograph Daytona.Yacht-Master.President.Datejust.Day Date.GMT Master.Sea Dweller.More items…

Should I wear my Rolex everyday?

While it is important to wear your Rolex, wearing a Rolex daily can quickly cause it to get dirty or dull looking. … If washing a Rolex that is a waterproof model, the wearer doesn’t have to worry about water damage, thus you can wear the watch in the shower or pool.

Is Rolex watch cheaper in Dubai?

In Dubai at the official retailer you add 5% of the duty cost, after the 8-10% showroom discount. … If you goto the Gold Souk in Deira, who are not the official retailers, you will find brand new Rolex watches 20-25% cheaper from the international price. Second had watches are even cheaper.

How do I buy my first Rolex?

You need to go to authorised Rolex retailer to get the best options in original Rolex watches. Buying a Rolex online is a very tricky affair hence always buy from retailers who have an on ground setup as well. Buying a Rolex from websites like ebay or shopclues is never a good idea.

Which Rolex holds its value?

The Rolex Submariner is probably the safest bet when it comes to buying Rolex watches for investments. The Submariner is Rolex’s most iconic and recognized watch, and it is also the Rolex watch which has proven to increase the most in value.