GeneralBest way to finance a Rolex? (16 years old)Posted:

Txby
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Ever since I can remember I have wanted a Rolex, in particular a DJ41 (nowadays)

So, now that I actually earn money it is possible for me to get the watch.

I work at subway and as i'm at college I am only earning around £250 a month (however during the holidays it will be around £350)

So, I have found a couple that offer finance at just over £100 a month for 48 months.

Is there a better way for me to do this?

All helpful replies are greatly appreciated!

The watch i'm after:
DJ41 in preferably Steel + Everose Gold OR Steel + Yellow Gold


Pictures:
#2. Posted:
Blizzard
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Apply for a credit card buy the watch straight out
Then pay off what you owe on the credit card monthly
#3. Posted:
Mickers
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You have to be 18 don't you for finance?
#4. Posted:
Txby
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I have to be 18 to apply for a credit card

Forgot to mention I have a clothing line that's releasing soon and I am expecting to make a lot of profit off of that too that can go towards the watch!

Thanks for the replies though guys!
#5. Posted:
PCP008
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Don't finance a rolex yet, save that money for a deposit on a house - papa PCP advice.
#6. Posted:
Txby
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PCP008 wroteDon't finance a rolex yet, save that money for a deposit on a house - papa PCP advice.


I am only 16 haha the house part will come in time ;)
#7. Posted:
BJP
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Txby wrote
PCP008 wroteDon't finance a rolex yet, save that money for a deposit on a house - papa PCP advice.


I am only 16 haha the house part will come in time ;)


Invest. (Gold Britania coins or crypto currency) and save for a car. Worth it in the long run and you will be able to buy a Rolex when you "need" it. At 16 you dont need a fancy watch to show off.

Keep yourself well budgeted and if you overspend on the budget then re-budget for next month to account for the loss in savings.

BJP
#8. Posted:
Illustrated
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Id suggest looking into a personal finance forum, and reading a little. At 16 there's really no need for an expensive watch, especially when its like half of your monthly income. If you dont have a car, that should be first priority.
#9. Posted:
Txby
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I am sorted for a car, I am a watch addict and honestly this is just what I want as immature as it may sound aha
#10. Posted:
Spartan
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Your best bet would be getting a credit line and buying the watch then paying the credit company, I don't think any bank we'll give you a loan for a watch but if you have a good relation with your bank asking them could be worth a shot but might seem weird when you apply for credit in the same amount lmao
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