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Original poster

Is it selfish to buy a rolex

130 replies

Summeriscomin · 26/02/2019 20:10

When you have a family to support?

My OH wants a Rolex for his 30th birthday. £9500 which he wants me to pay a small contribution to £500 or so. Which will leave me with not much to spend on him.

He’ll pay a larger portion out of savings he’s accumulated over time. And then the rest will be paid on a monthly direct debit.

I said he can do as he pleases as he works hard but I did portray my confusion of why he would want one. Perhaps as a 50/60th present to himself when his dependents have grown but he has a young family to support.

It comes across to me as selfish as it’s to portray an image to others but who cares what other strangers think. In my opinion the money could be spent on better things.

He justifies it that he works hard (he does), he/we can afford it & that he’s always wanted one. And that it’s an asset and won’t lose money.

So who do you think is right in this Situation. Happy to accept I may be wrong but I’m the least flashiest person in the world. Don’t own nor want any designer things so I just don’t get it.

OP posts:
Original poster
Summeriscomin · 26/02/2019 20:29

I’m not justifying it, just explaining his side as I have used all these before - we can’t really afford etc. when trying to discuss with him.

OP posts:
Holidayshopping · 26/02/2019 20:29

My favourite saying....don't go broke trying to look rich

I like that!

He’s expecting £500 from you and can’t afford the rest without finance; it really doesn’t sound like he can afford it! How much savings will you have left afterwards?

RockyFlintstone · 26/02/2019 20:29

And then the rest will be paid on a monthly direct debit.

Well then he can't afford it can he? Confused

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AdoraBell · 26/02/2019 20:30

Would it be the total of the savings? Kinda his savings his choice. Depends if it would affect the family funds.

1Redacted1 · 26/02/2019 20:30

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OnlyFoolsnMothers · 26/02/2019 20:31

I don’t understand people who work hard and then only spend for the benefit of the family yes it’s called being responsible. Money and what you spend is all relative! If you have to take credit out to buy a watch when you have children that’s selfish. Best hope you never lose your job, your car gets written off, boiler packs up etc....that’s what credit should be for.

babysharkah · 26/02/2019 20:32

I wouldn't put a Rolex on finance.

KanielOutis · 26/02/2019 20:34

It's an insane amount of money for a watch. Do you own a home, have money for a wedding, planning a family? £10,000 would go a long way for all of those things.

bebeboeuf · 26/02/2019 20:37

I had been wanting a specific watch for a long time.

I waited until we had bought a house, our two cars are no longer financed and the wedding was paid for and I returned back to work after maternity leave.

I had been keeping an eye on the watches for sale via watchfinder and other similar resellers of pre owned watches and waited for a deal.

I saved about 40% from buying new on a watch that was only 2 years old.

It cost me about 50% of the bonus I got that year and it still feels frivolous to me but if I wasn't going to buy myself the watch I'd been wanting for ages then there wasn't much else I would have spent the money on.

Littleraindrop15 · 26/02/2019 20:39

To be fair it's his money.. You don't need a range rover or a detached 5 bedroom house or latest phone.. But it's a personal choice end of the day.

LittleRen · 26/02/2019 20:40

I sometimes use this logic when I am making a big or frivolous purchase... if it’s something I could sell if we ever got into financial trouble then I would buy it. Rolex is one of the best watches to buy in terms of holding its value, initially it will take a hit in value (vat etc) but there will still be a lot of value in it if you ever needed to sell.

It sounds to me like he has already made his decision though.

Barrenfieldoffucks · 26/02/2019 20:43

I wouldn't want to spend savings one it but 🤷

Dh bought a titanium breitling years ago, wore it and loved it for a decade then sold it for 3 times what he bought it for. But then he looked after it well, had it serviced properly etc. It wasn't at all flashy though, very understated. I'm not a fan of flashiness.

Why doesn't he look for one within his budget instead of getting finance?

Waterdropsdown · 26/02/2019 20:47

Surely there is a compromise - he could get a cheaper Rolex?

YogaWannabe · 26/02/2019 20:48

The fact it would partially be on finance would be cringeworthy to me.

ButterflyBitch · 26/02/2019 20:48

My husband bought his Rolex quite a few years ago for £2000 it’s worth roughly £6000 now. He says it’s an inheritance for our son. He also says you need to be aware of the cost of servicing and insurance. It may not necessarily make money. Basically he wanted it and so he bought it. We were pre kids and he had the money. If you have to buy it on finance I’d say you don’t have the money and he should save up.

dreichuplands · 26/02/2019 20:50

DH has a couple of specialist omegas, they do hold their value very well. He has also got them preowned but with original paperwork and box. They are expensive to service but very reliable.
I would lose them on day one but they are the only kind of jewelry he wears. I doubt anyone else has ever noticed.
It is fine if you have the money but silly if you don't have 3 months savings etc.

EdWinchester · 26/02/2019 20:51

I think it's fine, if you can afford it! You clearly can't!

Hushnownobodycares · 26/02/2019 20:52

Well I don't think you're BU but any more than a ton on a watch would choke me #mean.

Does he realise he'll constantly be worried about scratching or losing it? Does he worry about falling out of love with it five years down the line?

IWannaSeeHowItEnds · 26/02/2019 20:52

Has he really considered the cost of getting it serviced? You really are talking about hundreds of pounds on top of his loan repayment.
DH bought a Longines years ago for about £500. I swear we've spent 3x that on servicing/new batteries. I dread to think what a 9k watch would cost .

mamansnet · 26/02/2019 20:56

I'd say you can't afford it - £10k is INSANE, investment or not!

Does it HAVE to be a Rolex? DH and I gave each other Tag Heuers when we turned 30, we got them at the outlet store in Cheshire Oaks for a third of the RRP, iirc. Mine was £1100 and his was £650. Bloody love mine it's got diamonds instead of numbers and wear it every day, nobody notices the make or the design except me, tbh. Can you convince your OH to get something decent that you can afford now and wait until he's older for the 'ultimate'?

lettymoo · 26/02/2019 20:59

If you have to pay the balance on a watch by direct debit then you shouldn't be buying it. I can only see that spending that much on a watch would be ok if you have money to burn. Does he have any idea how much it's going to put your insurance premium up?

RockyFlintstone · 26/02/2019 21:02

The fact it would partially be on finance would be cringeworthy to me.

Yes. 10 grand Rolex's are for people who can perfectly happily drop 10 grand on a Rolex!

I agree that finance for a Rolex kind of defeats the object of having one!

feelingsinister · 26/02/2019 21:05

It's a fucking ridiculous idea to buy a 10k watch. Even if I could afford to pay cash for it, I wouldn't but getting one on credit is obscene!

Why does he want a 10k Rolex? Is he generally a flash twat?

squeezysparklyballs · 26/02/2019 21:06

£10k on a thing to tell the time? Bloody obscene and pointless.

happytobemrsg · 26/02/2019 21:09

Would he consider a preloved one? I e got my last two watches from Watchfinder & I saved loads