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Discussion Starter #1
OK I tried to explain this on another forum. So please bear with me.
Yesterday while I was at a local jewelery store getting a watch repaired, I was told by one of the workers that they take layaway plans. I'm on SSI disability so I can not afford a lot of money on expensive watches, For example there's a nice Swiss Made gold plated valjoux 7750 on a genuine Crocodile Strap, but since I only get paid $654.00 dollars a month, I would need a $ 346.00 dollar down payment, I do have to pay for other things besides watches. For someone like me who would take at least three months to save up $346.00 makes it harder, If I knew about this lets say a month ago I would have already been half way there. o|o|o|
 

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So...are you upset because it will take you so long to save up for it, or are you upset with the store for not telling you sooner? Or are you just plain upset because the watch you want is so expensive and hard to obtain with your current income?

There are plenty of watches I would like but cannot afford or at least it would take me a long time to save up for them!

I think that is the nature of this "hobby" (ie: obsession) for most people....
 

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Ha!

I was shopping for Speedmasters the other day, I held a $14,500 AUD Omega Speedmaster in my hand, she told me she could do lay away though, with a 20% deposit.
I was upset.
 

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I would be happy they are willing to work with me, nice change of pace. Post pics when you get it!
 

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You still have money left at the end of the month to save up for a watch? My wife can squeeze a nickel until Thomas Jefferson screams in pain, but she's got nothin' on your budgeting skills!
 

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Is this like some kind of an open "things are too expensive" rant soapbox forum? Great idea!

I want a 4s15-7020. These are quite rare. There is one on the Bay RIGHT NOW. The guy wants US$800 BIN.

There is a GORGEOUS 35 jewel Seikomatic Chronometer (6245 I think) on there too. A grail. The seller is asking US$1,500. What the cuss?!?!?!?!

I'm going to Central Markets tonight (a must see if you're ever in Adelaide) Don't even get me started on the price of quality cheese...
 

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Discussion Starter #9
So...are you upset because it will take you so long to save up for it, or are you upset with the store for not telling you sooner? Or are you just plain upset because the watch you want is so expensive and hard to obtain with your current income?

There are plenty of watches I would like but cannot afford or at least it would take me a long time to save up for them!

I think that is the nature of this "hobby" (ie: obsession) for most people....
Well I'm upset that they did'nt tell me about their layaway plan a yr ago especially the first day I was there, for them to tell me that a yr later kind of makes me wonder why? If they want my services I would of been more then glad to spend my money there. Don't get me wrong there were times I had enough money for the watch but I did'nt know about the layaway plan. One of the watches I've wanted is the Citizen 2100 I was told for a $ 70.00 dollar down payment it would of been mines & I simple pay what I can until paid off. Last yr I spent $210.00 on a watch like I said if I knew about their layaway plan sooner I would of gotten the watch I wanted instead.
 

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Well I'm upset that they did'nt tell me about their layaway plan a yr ago especially the first day I was there

Theres no real incentive for them to tell you, in my experience when going down that track, I've always asked to see if they do.

One word of advice however, instant gratification comes at a price...

You will get the watch, you will have to meet the repayments, you will wear the watch, and see it wear, and depending how long it takes, you will be paying it off, and not enjoying it as much as if you OWNED the watch and were able to work out of the store with no further commitment.
 

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Don't get me wrong there were times I had enough money for the watch but I did'nt know about the layaway plan.

Help me out..... a lay away plan is ....you give them money...every month....until it's paid and then they give you the watch. How does this help you out in the least?
 

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Why not just save up for the watch? Same result as layaway: no watch for a long time, then all of a sudden you've got a nice watch.

If you had done this 5 years ago you'd be wearing a Rolex right now. Er, but now you have to be mad at yourself for not telling yourself to do this 5 years ago. ;-) :-d
 

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The dealer has no responsibility to tell you about their layaway or financing plans unless you ask them about it. Now you know, and you can use your funds however you like. My advice though, would be to not let collecting watches get in the way of your other required expenses. If you have money left over, I see nothing wrong with saving every month until you can afford a particular timepiece you really want.
 

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For someone like me who would take at least three months to save up $346.00 makes it harder, If I knew about this lets say a month ago I would have already been half way there. o|o|o|

Actually

if 3 months = payment

1 month = payment / 3

If you started a month ago, you'd only have a third of the payment.
 

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Discussion Starter #16
Help me out..... a lay away plan is ....you give them money...every month....until it's paid and then they give you the watch. How does this help you out in the least?
For example the watch retails for $500.00 with their 30% off discount comes to $350.00 All I need is 20% of the $350.00, So that comes out to $70.00 dollars for the down payment, So instead of me having to pay the extra $280.00 I can pay lets say $ 50.00 dollars one month and $ 30 the next and so on until paid. ;-)
 

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Discussion Starter #18
The dealer has no responsibility to tell you about their layaway or financing plans unless you ask them about it. Now you know, and you can use your funds however you like. My advice though, would be to not let collecting watches get in the way of your other required expenses. If you have money left over, I see nothing wrong with saving every month until you can afford a particular timepiece you really want.
Well the thing is the last time I asked a jewelery store about a layaway plan I was kicked out and asked never to return because I could'nt afford full retail, So u can see why I would'nt ask.
 

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Discussion Starter #19
Why not just save up for the watch? Same result as layaway: no watch for a long time, then all of a sudden you've got a nice watch.

If you had done this 5 years ago you'd be wearing a Rolex right now. Er, but now you have to be mad at yourself for not telling yourself to do this 5 years ago. ;-) :-d
Well actually I can wear it out the door as long as I have the down payment paid. And I've only been on Disability for a yr and a half.;-)
 

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For example the watch retails for $500.00 with their 30% off discount comes to $350.00 All I need is 20% of the $350.00, So that comes out to $70.00 dollars for the down payment, So instead of me having to pay the extra $280.00 I can pay lets say $ 50.00 dollars one month and $ 30 the next and so on until paid. ;-)

But is it a "Finance plan" or a "Layaway plan"....because a "Layaway" means they take the money...but they don't give you the watch until you have paid the whole amount....they just put it in the back with your name on it...and you could end up losing your money should you not be able to hold up your end of the deal.
 
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