Overpaying for a guitar.. Yea/Nay?

Discussion in 'Guitars in General' started by Guitarfool, Jun 19, 2019.

  1. Pongo

    Pongo Member

    Messages:
    908
    Joined:
    Mar 9, 2018
    Depends on what you consider 15% overpriced... are we talking 15% over typical invoice or 15% over what I'd like to pay?

    If it's a standard production guitar, unless I'm absolutely besotted by its specific feel and sound -- e.g. a "Magic Strat" story -- no fricken' way. I'm not paying an additional $100-200 invoice for a guitar when I can literally drive 10 minutes and buy a different (but nearly identical) one at a more reasonable price.

    If it's some kind of small batch, limited edition, or rare finds, probably not, but never say never! I came across a Suhr Classic T Antique a few months ago, which was definitely 15% more than I would like to pay -- but despite the cost, I did seriously consider it and will likely get one in the future.
     
  2. iGouger

    iGouger Supporting Member

    Messages:
    837
    Joined:
    Mar 22, 2017
    Location:
    Outside of SLC
    I picked up a Heritage H-150. L-O-V-E that guitar, but I bought it new knowing that the used market on Heritage's is incredibly soft. Could have saved probably $800 buying used. No regrets though.
     
  3. DCFanatic

    DCFanatic Member

    Messages:
    195
    Joined:
    Jun 20, 2011
    Location:
    Ontario, Canada
    I slightly overpaid on my latest bass purchase: a Fender Custom Classic Jazz V Bass. I probably paid about $200 over market value comparing recent sales on Talkbass.com. Why? Well, it was in great condition, in a colour scheme I like, but I think most importantly an easily executable sale compared to having to deal with the drama that sometimes follows with a Reverb or PayPal purchase. So I suppose I paid for the convenience and the guarantee that I knew the bass I was going home with was "as described."
     
  4. bigfoamfinger

    bigfoamfinger Supporting Member

    Messages:
    1,256
    Joined:
    Mar 1, 2009
    I would only overpay if:

    A) It was a bucket list guitar, that I "knew" I would never sell
    and
    B) It's hard to find
     
  5. Maggot

    Maggot Member

    Messages:
    1,318
    Joined:
    Mar 25, 2017
    Here are the circumstances under which I'd consider overpaying for a guitar.

    1) It's the only one I can find that's local, and I don't want to buy one I haven't tried out,
    2) It's unique, and I may not be able to find another one, or
    3) I have calculated the monetary value of my time and have determined that the many hours I'd save trying to save $75 just isn't worth it.

    I have perennial problems with category 3. The value of my time is 50-75/hr. I have often spent many hours saving $25, frequently in ways that cause me to spend more money later anyway.
     
    Ltsft likes this.
  6. Ltsft

    Ltsft Supporting Member

    Messages:
    205
    Joined:
    May 24, 2019
    What did you spend on the last pro sporting event you went to? All relative and i like a deal as much as anyone, but if it's under 100 bucks difference, i'm probably going to just grab it. Also, what is your time worth to find another as maggot pointed out?
     
    Guitarfool likes this.
  7. MKB

    MKB Silver Supporting Member

    Messages:
    7,547
    Joined:
    Mar 11, 2009
    The last acoustic I bought (a J-185) was a bit overpriced as others in similar auctions, but it turned out to be in amazing condition, with impeccable playability and tone. Most others I saw had issues such as lifting bridges and low saddles, this one was ideal. In hindsight it was absolutely worth the extra money to get a superior instrument I intend to keep for decades at least.

    If a guitar really rings your bell, IMHO you should be ready to pay a bit extra for it. Settling for a lesser guitar that you might not like vs. one that excites you every time you pick it up, that's no real comparison in my book.
     
  8. jwguitar

    jwguitar Supporting Member

    Messages:
    4,756
    Joined:
    Oct 12, 2012
    Most guitars only have so much built into profit margin for a store. Of course the more expensive the larger discount you can give. Having said that I don't think I have really ever paid too much for a guitar. Some guitars I own which are very expensive new (such as obscure MIJ brands) don't have the resale value of what they should be worth. Those kinds of guitars I don't plan on selling- to me they are just tools to use to make music.
     
  9. Guitarfool

    Guitarfool Supporting Member

    Messages:
    2,408
    Joined:
    Dec 31, 2009
    Location:
    NY

    This is the way im leaning, i am going to play the guitar again and if i REALLY "feel it" i am not going 2 sweat a couple extra bucks
     
    H. Mac likes this.
  10. stratzrus

    stratzrus Philadelphia Jazz, Funk, and R&B Supporting Member

    Messages:
    20,093
    Joined:
    May 16, 2006
    Location:
    Philadelphia, PA
    It would depend on if I thought I could find another one at a cheaper price.
     
  11. H. Mac

    H. Mac Member

    Messages:
    1,939
    Joined:
    Feb 20, 2015
    Location:
    Altanta Georgia
    Good decision! I hope it works out for you!
     
  12. kludge

    kludge The droid you're looking for Silver Supporting Member

    Messages:
    6,871
    Joined:
    May 15, 2007
    Location:
    mpls
    If you're thinking about the resale value, you've already lost.

    I actually just did that... bought a guitar that was a little overpriced, just because I loved it. It was on consignment, so the store couldn't negotiate without consulting the seller, and it didn't seem worth risking missing out on it.

    Part of it is that I don't buy guitars that much now, because I have a complete collection of mostly guitars I really love and won't part with. But this is my second one this year, and both of them were love at first sight. I don't know if I'll love it the way I love that Mossman, but if I do, it's worth every penny I overpaid and then some.
     
  13. kludge

    kludge The droid you're looking for Silver Supporting Member

    Messages:
    6,871
    Joined:
    May 15, 2007
    Location:
    mpls
    I think of that as "rent". If I get to rent a great guitar for a few years for $200, it's a good deal, right?
     
    Hank Habanero likes this.
  14. Delayed Delay

    Delayed Delay Member

    Messages:
    2,651
    Joined:
    Jun 25, 2009
    As a lefty - I've 'overpaid' a couple times on 2 dream guitars I still currently own.

    I just paid $1,400 on a mint condition (essentially brand spankin' new) Fender AmPro Jazzmaster. Not a bad deal by any means... and I didn't really 'overpay' I guess... but many of you may be thinking, "dude, if you would've waited, you could've got a better deal on an American-made Jazzmaster."

    The problem is that I always wanted it to be with certain specs (what made it a dream guitar): seafoam green, maple neck, the traditional Jazzmaster vibrato system, the P90's, and yes... I wanted it to be a Fender...

    So when Fender just a few months ago released 5 different colors of LEFTY Jazzmasters, and one of them was "Mystic Seafoam" w/ a maple neck... I couldn't resist when I saw one for just a bit less than the new price.

    Point is in all that rambling... If you see your DREAM guitar, you don't know how often you'll have the opportunity to snatch it up. IF you can afford it, then go for it.
     
  15. markjsmith

    markjsmith Member

    Messages:
    3,273
    Joined:
    Feb 5, 2008
    Location:
    Mission Viejo, Ca.
    Depends on quite a lot of things! Money tight then no! Need badly for a pending gig-maybe! As stated before paying 10% more for a $400 guitar is different than paying 10% for a $4000 guitar!
     
  16. DV52

    DV52 Member

    Messages:
    4,387
    Joined:
    Sep 6, 2010
    Location:
    palmyra country club and lounge
    So lets see it .
     
  17. Drew66

    Drew66 Member

    Messages:
    217
    Joined:
    Mar 25, 2019
    I’ve paid more than I wanted to and probably more than if I had waited for another example of a guitar (and a pedal or two for that matter). More than it’s worth? Depends on how you define what it’s worth, generally I will pay a bit more for something hard to come by than something I know is common. I typically won’t go way over what I see others go for, but over by some, yeah if I want it.
     
  18. SAVEStheDAY

    SAVEStheDAY Member

    Messages:
    172
    Joined:
    Jun 15, 2019
    It entirely depends on my financial situation at the time. In general I'm pretty thrifty when it comes to gear and wait until the price is right. Sometimes I get a bonus at work, and get the itch to shop. I've overpaid in those scenarios and felt ok about it. I guess it's like overnight shipping, I paid a premium to have it now.
     
  19. VaughnC

    VaughnC Supporting Member

    Messages:
    16,825
    Joined:
    Jan 4, 2002
    Location:
    Pennsylvania
    After checking current market value for the model, I would pay a little more if there was something unique about a particular guitar that I liked.
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice