Originally Posted by GTI388
I'm thinking about picking up an IWC watch in HK too. Does anyone know if they accept trade ins in HK? I have a barely worn (albeit not new, obviously) Rolex that I don't wear that I want to either sell or trade in. I can trade in or sell in the U.S., but would prefer to do it in HK if I can get a better deal on a purchase. Thanks in advance for any thoughts on this...
AD are very unlikely to take trades since they will only want to deal with new watches. You are better off going visiting a grey market dealer.
By trading your Rolex hoping to get a better deal on the model you want makes little sense. Every retailer much prefer to sell you a product outright, most do not want to deal with the hassle of taking in another person's used watch (if, and only if they get your watch dirt cheap or it is a very popular model and will sell easily) and having to flip it to make a profit.
I think you are better off selling it privately in the USA and then using the proceeds from the sale to negotiate the watch you want in Hong Kong. All of this IMO. good luck!
Thanks for sharing your thoughts. In the U.S., AD make money from trade-ins. It's similar to luxury car dealerships here. They take trade-ins so they can sell a new item and they can refurbish/clean up (at their low cost) and resell (either via auction or through their dealership) the trade-in. I don't think they view it as a hassle. At a minimum, they break even on the trade-in and make money on the sale of the new vehicle. Similar for watches here. Perhaps in HK they don't do this, but am guessing there are people who trade up watches in HK and there are dealers who accept them for the aforementioned reasons, but defer to those of you in the know.