buying a watch with remaining finance

Apples2

dxbguru wrote: »

Its in very good "near new" condition and I'm saving over a £1k on retail.

In that case you might want to check there is indeed "about 8 months worth of payments left".

How well do you know this guy and why would he be offloading an "as new" Rolex watch for £1,000 less than it is worth?

DCFC79

dxbguru wrote: »

I'm looking to buy a rolex from someone who purchased it a year or so ago on finance, he told me it has about 8 months of payments remaining which he says he will keep up with anyway. Is this safe? does it work like finance on cars? do I become liable for payments if anything goes wrong?

dxbguru wrote: »

isn't this a bit like using a credit card to pay for something, aren't the 2 separate? if you went in to curries and got all your appliances on a Loan and then sold them later on, the credit/loan is with the original purchaser right?

dxbguru wrote: »

Its in very good "near new" condition and I'm saving over a £1k on retail.

I echo what Apples recently said.

Why you looking at buying the watch ?

Am I missing something here as I dont see the point in buying a watch thats got finance on it.

Good_Goose

Personally if I was going to spend a few grand on a special watch I would only buy new. Takes away the risk of getting something damaged, stolen or has finance on it, but more importantly I will be the first and only owner!!