zOwie Omega Discussion Forum

Opened July 1999, zOwie is the Internet's first and longest running discussion forum dedicated to Omega brand watches.

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An Example..

In Response To: Re: Omega Resale Value ()

: 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 !

Actually, I think your number may be a bit low since you are basing it on 50% of the discounted price instead of 50% of MSRP. Also, MSRP's are higher in Canada for some reason (even if you convert back to US dollars they are still quite a bit higher). I'm also told that Canadian AD's don't discount as much as they do in the US.

Here's an example based on US numbers that better illustrates Craig's point:

Rolex Sea Dweller = $4700 MSRP which you pay in full (no discount). If you sell it later at 80% of MSRP you sell it for $3760 for a net loss of $940.

Omega model of same price = $4700 MSRP which you are given a 30% discount on from an AD, for a final price of $3290. You sell it later at 50% of MSRP, which is $2350, for a net loss of $940.

In both cases you lost the same amount of money. This is just an example, and it doesn't take into account any sales tax (you'd pay that on either watch, though, if you bought it locally). Also, some Omega models hold their value better than others, and mint condition watches are worth more than heavily used ones. This is just a very general example, since there are a lot of factors that contribute to resale value.