{ "media_type": "text", "post_content": "Does it makes sense to buy a rolex with your amex platinum and sell the rolex before you payment is due? (asking for a MBB friend)", "post_id": "6287fff5d53ced002711fa06", "reply_count": 29, "vote_count": 10, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

Does it makes sense to buy a rolex with your amex platinum and sell the rolex before you payment is due? (asking for a MBB friend)

funnylike
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Bro you’ve unlocked the key to financial freedom 🤯

likefunnyupliftingsmart

For the uninitiated, secondary market prices for desirable rolex models are generally >1.5x the retail price

like

That sounds like a great idea, you should do it immediately 👍

like

Getting a history at rolex and after a while getting access to the rare editions that you can sell for double…

likefunny

Not if they realize you’re just flipping them

like

To answer your question, your friend is the exact kind of person I despise in the watch community. Yes, it makes financial sense as long as he/she is flush enough to cover a random accident that may happen between purchasing and selling it. I hope the AD notes the sale and bans him/her afterwards though.

like

I know it’s good, bc I’m a good person….unlike your friend.

likefunny

But you won’t get it for the same price no?

like

It’s not their marketing, Rolex isn’t making money from the secondary market. It could easily be argued that they’re losing money from an opportunity perspective.

It's not about financing, the problem is that buying a desirable Rolex at MSRP is challenging because it is an arbitrage opportunity

like

How are you making money?

Like why?

Lol😂

Or you can make your own Rolex and sell

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