#1
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Determining Sale/Trade Value
With the condition of the instrument a given, how do y'all determine a sale and trade value of your guitar?
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"To sit home, read one's favorite paper, and scoff at the misdeeds of the men who do things is easy, but it is markedly ineffective. It is what evil men count upon the good men's doing." T.Roosevelt |
#2
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Check completed Ebay sales and Reverb valuation...
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Emerald X20 Emerald X20-12 Fender Robert Cray Stratocaster Martin D18 Ambertone Martin 000-15sm |
#3
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^this x 2. ^
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2011 Guild F-40: Abagail 2016 Guild M-20: Eloise 2016 Breedlove Pursuit 12 string Fishman Loudbox Mini https://soundcloud.com/fat-daddy-206551814 https://www.youtube.com/channel/UCEo...JZsD2t0JaE03xg |
#4
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Yep...that's what I do.
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Walker Clark Fork (Adi/Honduran Rosewood) Edmonds OM-28RS - Sunburst (Adi/Old Growth Honduran) |
#5
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I also scoure dealer listings and do a quick check of the Vintage Guitar Price guide, which isn't just for vintage guitars.
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#6
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That and call one or more of the vendors on the AGF who sells lots of used guitars of all makes. They can be very helpful in the validating of what you might find on the internet.
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Nothing bothers me unless I let it. Martin D18 Gibson J45 Gibson J15 Fender Copperburst Telecaster Squier CV 50 Stratocaster Squier CV 50 Telecaster |
#7
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I've never understood how sale and trade value could be different. If you artificially inflate the value for trade, so should the other trader on his/her gear. So it's all artificially inflated b.s. If you're dealing with a store, the trade value is lower than the sale value because the store has to make a buck on your trade in.
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#8
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There is a difference in what things sell for on ebay and reverb and what a guitar is actually worth. Many times when people put things on ebay or reverb they want to sell it to buy something else and will take what they can get, within reason of course. I have watched guitars sell on ebay and reverb almost as a hobby and prices are all over the place.
But with that said, that is where I go to as well. But be careful with ebay. I had my DM listed there and they tried to recommend a price of 340. Yeah right, like I would ever sell my DM for 340 bucks. And pay their fees? No
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Some Martins |
#9
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And I don't want to hear about rack space. I have seen some dealers put used instruments in the back and bring them out to show people if someone asks to see used or they will bring them out if someone is looking for a specific guitar they might have in the back. It's a racket.
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Some Martins |
#10
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Every musician I know accepts the fact that if you trade that you are going to take a beating versus selling and then buying. Buyers make better deals buying used from individual and sellers get better ROI when selling to individual rather than trading. It's the way it is and the way it is likely to stay.
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Roy Ibanez, Recording King, Gretsch, Martin G&L, Squier, Orange (x 2), Bugera, JBL, Soundcraft Our duo website - UPDATED 7/26/19 |
#11
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Of course the sale value and trade value are (and justifiably so) different.
If you don't understand why ... |
#12
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We were able to routinely buy new stock at 40% of our 'selling price + tax'. (major brands, up to 50%, sometimes 60%) and sell within 2 weeks (good buyers, good marketing, good word-of-mouth, and good management). "A dealer has to make 5 to 6% net/net profit to keep his doors open. That's after paying the rent/mortgage, employees, benefits, the inevitable losses due to "shrinkage", advertising and promotion, maintenance, the accountant, his bank interest etc. If they aren't making 50% on accessories and 25% on instruments, then they will be out of business." and you will not have a shop to visit. So, if you offer to trade a guitar that is absolutely worth $500 in a "street value" cash deal, and will also sell for $450 + tax after less than 2 weeks on our wall, a trade-in offer (maybe 50-60%) is going to look pretty bad. |
#13
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For a private transaction? Okay, I don't understand why. Please inform me. The only reason I can think of is if someone is looking for a guitar to flip rather than to actually own and play. When I see ads listing different prices for purchase and trade, I typically just skip over them. If it's a guitar I'm really interested in, I might contact the seller but would inflate the "trade value" of my guitar to be commensurate with their increase. It all seems like a silly waste of time to me. I see things differently for dealers, who aren't looking to acquire another guitar for themselves but are looking for inventory to move for cash. I understand that. Some private sellers may have the same philosophy and they're entitled to expect trading a $2500 they already own for a $2700 guitar they want to acquire. But it won't be me who is on the other end of that deal.
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Bob DeVellis |
#14
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Frankly, and nothing personal here, I get amped up at the thought that it's somehow bad that a business can't try to make money. If you own a shop and you can't turn 5-6% net profit what's the point of doing it? Nobody opens a business to get paid a salary only.
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Nothing bothers me unless I let it. Martin D18 Gibson J45 Gibson J15 Fender Copperburst Telecaster Squier CV 50 Stratocaster Squier CV 50 Telecaster Last edited by rokdog49; 03-01-2017 at 10:02 AM. |
#15
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This is the best, quickest way to get an idea of the value.
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