Deposit/Sourcing Policy

For the purposes of this document, the terms 'we,' 'our,

and 'us' refer to Lifetime Direct LLC and selected partners such as Watchmakers. The terms 'you' and 'your' refer to the client. 'General sale' refers to our collection of products available for immediate purchase by members of the public. 'Deposit' refers to an amount of money paid towards the purchase of a good or service that is not full cost of the item.

 

Deposits/Sourcing

 

On some occasions, clients may wish to pay a portion of the price of a product, in order to remove it from general sale and purchase at a later date. Furthermore, an initial deposit is required for certain services we provide, such as Watch Sourcing. Our deposit policy is outlined below:

 

When you contact us regarding sourcing a watch, we will begin with an initial consultation regarding the watch(es) you are interested in, your expected lead time, budget and any other requirements you may have. We will notify you of the expected price of your requested watch, lead time and any other necessary factors to take into consideration. The terms and conditions of watch sourcing are outlined below:

 

Should you choose to proceed with a watch sourcing request, we will require a deposit of 25% of the estimated cost of the watch. For example, if we estimate that a watch

will cost $4,000.00, we will require an initial deposit of $1,000.00. Please note that the ever-changing nature of the pre-owned watch market means prices can fluctuate regularly. We will expend all our resources to find your requested watch at the quoted price, however, we cannot guarantee quoted prices and you may have to pay a different price

than the initially quoted price. Prices may go down, as well as up.

When we take delivery of the requested item, we will notify you. Please note that at this point, your deposit will be non-refundable. Should you decide not to purchase the item after we have taken delivery, we will add the item to general sale. Your deposit can still be used to pay for other goods and services from us, but you will be ineligible for a refund of your deposit.

 

When we take delivery of the requested item, any remaining balance must be paid before we can release the goods to you. Due to the continually changing nature of the pre-owned

watch market, prices can fluctuate on a regular basis. Therefore, if the item is not purchased within 14 days of us taking delivery of your requested item, we reserve the right to update the selling price of the item to reflect the current market value. Please note that prices can go down, as well as up.

If the selected item has not been purchased within 3 months of the date we take delivery of your requested item we will return the item to general sale. You will be ineligible for a refund of your deposit, however your deposit can still be used to pay for other goods and services from us.

If we are unsuccessful in sourcing your requested watch, we will refund your deposit. Please note that refunds will be paid to the original payment method.