What do you expect to get out of used gear?

Discussion in 'The Sound Hound Lounge' started by televisual, Mar 1, 2015.

  1. televisual

    televisual Supporting Member

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    Curious as to what everyone's opinion/expectation on an item's "return price" when selling gear? Guitars, amps, pedals...whatever really. The survey refers to what percentage of an item's original price you ultimately expect to get from a sale.

    Feel free to include your reasoning.
     
  2. OilsFan

    OilsFan Supporting Member

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    Depends entirely on what it is. A KTR? Quite a bit in resale. A brand new MXR D+? Very little to may not get anything for it. I do factor this in when making purchases of stuff I'm kind of on the fence about.
     
  3. WholeLottaGlove

    WholeLottaGlove Supporting Member

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    I agree here. Some gear just holds its value a lot better. For instance, I've had great luck selling a few Mesa amps over the years; not so great luck with anything from Line 6.
     
  4. televisual

    televisual Supporting Member

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    @OF - I agree it depends on the item, the question is more of a mindset when selling gear and real/unreal expectations on returns.
     
  5. PFunk

    PFunk Member

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    Usually a bath.
     
  6. televisual

    televisual Supporting Member

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    That's the kind of response I was hoping for :dude
     
  7. GuitarGuy66

    GuitarGuy66 Member

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    It always increases in value right?


    Especially if it the "best _______ I've ever played, hate to let it go"


    lolol
     
  8. Bieling3

    Bieling3 Member

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    Somewhere between the average price it sells for on eBay and the next highest price. I just sold a Boss TU-3 on eBay... average price was $64, and the next highest price it'd sold for recently was $71. I sold mine for $65. Good enough.


    P.S. Which is why I don't sell things on TGP anymore... I couldn't have sold that pedal for $20 here. And in less than 24 hours. Why be a supporting member when you can't sell anything at a decent price?
     
  9. Jerrod

    Jerrod Silver Supporting Member

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    Fair market value?
     
  10. guitarjazz

    guitarjazz Member

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    You sell stuff? Not allowed here at the hoarder page.
     
  11. CowTipton

    CowTipton Silver Supporting Member

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    I would expect about 60% of retail if it were in good shape.

    But, I never buy anything with the intention of selling. If I'm not impressed enough to believe I'll be playing with it for many years, I don't buy in the first place.
     
  12. stevieboy

    stevieboy Clouds yell at me Gold Supporting Member

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    A better question would be, what percent of an item's new current price do you think is reasonable. Original price is irrelevant. I'll go with 50-75%, which is a pretty broad range, with a very few things possibly sneaking over that.

    Of course, some items are not available new any longer, then it just depends on the item, some might go well over 100%. But I really don't think that way as a motivation to buy something hoping or expecting that might happen.
     
  13. SteveO

    SteveO Member

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    Honestly, resale value is a very low priority for me when buying gear.
     
  14. lowerlightsmusic

    lowerlightsmusic Member

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    When I worked at a retail music store (chain) that specialized in used gear, I developed a pretty good formula for most beginner/intermediate gear: I would price stuff at approximately 60% of the new street price, with some wiggle room either way...for instance, a Mexican Tele was probably 65-70% of new street, and anything ART or Digitech was closer to 50%. In general, anything with a microchip seems to lose value pretty quickly after a coupla years. I'm curious to see if that holds true with Strymon stuff, since it is so beloved (and sells for almost new prices). For myself, I never trade wood/tubes/history for technology. Never.
     
  15. slogger

    slogger Member

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    I mis-interpreted the question. I was thinking in terms of what I get out of playing the instrument rather than selling it. I answered 75-95% with the thought that there could be minor issues with the hardware i.e. fret wear, buzzing strings etc that could ultimately be fixed before taking possession of a used guitar/instrument.

    Having rethought the question: The three guitars that I have sold (G&L ASAT Classic Custom, Studio LP, Am Std Stratocaster), went close for what I paid for to roughly 60% of what I paid. You can't get anymore than what the market is willing to bear and should proceed accordingly.
     
  16. Average Joe

    Average Joe Member

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    As a rule of thumb 60-65% off new. It's a rere occasion I buy new though, so my target for used gear is "whatever I put into it"
     
  17. whitehall

    whitehall Member

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    For many years chat room people bought gear solely to flip it for profit. Now that economic conditions have drastically changed, that's much harder to do. Witness the 10,000+ item piled up in the emporium .
     
  18. jtindle

    jtindle Member

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    I buy used and even then I may wait 6 months to a year to get it at the price I want. So when I sell I either break even or make a little bit.
     
  19. B Money

    B Money Member

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    50% is about all you can reasonably expect from selling used gear. Lets face it, there is a glut of used stuff out there on the market, and by the looks of it not much is selling.
    In the low-to-mid grade gear market, there really isn't much residual value in anything.
     
  20. Texsunburst59

    Texsunburst59 Member

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    I've bought A LOT of guitars in the last 7 yrs. Almost all the guitars I buy are usually 50% to 60% off the cost of the instrument's current market value.

    A couple of weeks ago, I posted 18 guitars on my local CL, and posted all of them at fair market value. I did not get anyone coming close to offering the going market value for my guitars.

    On the other hand, I could have doubled my investment on every guitar. I got offers like that on most of them. I don't really need to sell any of them,but wanted to know what people are willing to pay.

    When the time comes I know I'll easily double my investment on ANY guitar I need to sell, but it WON'T be sold at current market value.
     

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