#16
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If it's a used guitar and you added no damage I expect you wouldn't loose your shirt, but of course you're still going to take a hit. I did this quite a bit with electric guitars until I found the one.
If it's a new guitar your going to loose a pretty healthy chunk. If you were buying a used guitar would you care if it were 6 months old or 2 years old in the same condition? I wouldn't. It will be worth whatever someone will pay, but most people will not pay close to a new guitar price for a used one in any condition. The question is less what you'd be willing to loose and more what you might possibly get for it - which could be miles apart.
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Keith Martin 000-42 Marquis Taylor Classical Alvarez 12 String Gibson ES345s Fender P-Bass Gibson tenor banjo |
#17
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Quote:
That's a way better way to look at it than how much it is by the month. Less than $1 a day??? I spend more than that on coffee, even if I'm not buying it over the counter. That could be an excellent way to sell the idea of a ridiculously expensive new guitar to a significant other. Turtle |
#18
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I approach the whole buying and selling of either new or used guitars with very low expectations all around. I have made money, lost money and most times pretty much broke even. So much of it is outside my control that I focus on buying the best guitar that I can for the budget that I have and if I sell it down the road, see what the market gives me and live with the outcome.
You never know what might be possible depending on the guitar, what target audience that you make it available to and what dealer might be the best choice in advertising it. Lots of variables that can impact what you might actually get for it. Best, Jayne |
#19
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I have 4 acoustics and want to sale one to help finance buying a new electric. The only reason I'm buying new is I want to have it set up. I've never had that done before and there is no one in my area that works on guitars.
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Just pickin' around Last edited by Chas007; 09-25-2022 at 10:28 AM. |
#20
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Yeh, there is that. My philosophy is I lose money on each resale but make it up in volume...
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#21
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Fully agree on this !
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Needed some nylons, a wide range of acoustics and some weirdos to be happy... |
#22
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I don't buy a guitar unless I can consider the money for it as surplus. And then I just write off that money in my head as a loss. If I ever do sell the guitar, the proceeds go back in the bank, and I forget about it. Actually, I sell off very few guitars.
I don't think about losses in acquiring a guitar because, at least for me, the weight of worrying about a financial loss would get in the way of enjoying the guitar. - Glenn
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My You Tube Channel |
#23
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Personally, I avoid worrying about the money too much. I am happy to pass along a piece of gear or a guitar for a reasonable price. Extra gear sitting in my closet, or on the shelf is a waste. Plus, I can only play one guitar at a time. It’s a joy to know that someone will use and play an instrument that I did not have the time of effort to enjoy.
Rick
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”Lorem ipsum dolor sit amet” |
#24
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Most shops that sell used guitars also do setups. Take the money that you will save by buying used and put it toward a roadtrip to Memphis or Nashville.
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"Here is a song about the feelings of an expensive, finely crafted, hand made instrument spending its life in the hands of a musical hack" Last edited by Mycroft; 09-25-2022 at 11:10 AM. |
#25
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Before things went crazy this past few years, it was common to sell your used but in excellent condition guitars for approximately 65% to 75% of what the current new price was for that guitar.
Lately new and used guitars have been harder to find, so prices have gone up a bit. Right now, I'm seeing used guitars selling for 75% to 85% of new value. This is even more true on models that are harder to find. It may take a while to get the right buyer but if you are not in a hurry people are getting top dollar for guitars right now.
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Happiness Is A New Set Of Strings L-20A |
#26
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Have you checked out GC Used Online recently? It's as chock-full of used guitars as it ever was with many at excellent prices.
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#27
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What is profit? (Your selling proceeds) - (what you paid for it)?
Four years ago a new HD-28E probably cost, what, $2,800? Chime in here if you know. If you sell it (used) today for $2,500, you’ve “lost” $300 on a Martin Standard. Is there an accounting ledger somewhere that shows you the loss? Or do you just now have $2,500 in cash you haven’t had for four years? Now, on the buyer’s side, today’s MAP for the HD-28E is $3,800. Most dealers will charge you tax (not all, depending dealer and buyer states). For me, that comes to $4,161. What did I save by buying used? $1,661? Yes, that’s how I look at it. (Ignoring shipping and possible discounts) Recent inflation has made it possible to sell a guitar for almost the original dollar figure the seller paid, while undercutting current (new) retail by a ton of cash. Just one cherry-picked example. But… so much more enters into this than dollar figures. A good deal takes motivations into account: Was the seller playing the HD-28E? Did they have many other guitars they seemed to prefer? Do they have a life event that calls for a couple thousand for something needed? Buyer perspective: holy cow, I can get a lovingly preserved HD-28E for 60% of what it would cost new! And aside from dollars, is the buyer going to see that HD-28E as a special and revered member of the family, that gets drawn from the case and loved every day? Is owning an HD-28E the realization of a dream? In this fictional scenario, the buyer gets the deal of a lifetime for a treasure and the seller gets a big windfall for an object that was just collecting dust. And importantly, by not slavishly looking at the income statement, the seller gets the cash fast from a grateful buyer, without haggling or hemming and hawing. It’s more than just dollar figures.
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1952 Martin 0-18 1977 Gurian S3R3H with Nashville strings 2018 Martin HD-28E, Fishman Aura VT Enhance 2019 Martin D-18, LR Baggs Element VTC 2021 Gibson 50s J-45 Original, LR Baggs Element VTC ___________ 1981 Ovation Magnum III bass 2012 Höfner Ignition violin ("Beatle") bass Last edited by b1j; 09-25-2022 at 11:45 AM. |
#28
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I don't think you ever actually lose anything. If a $1000 guitar sells for $650, that just means I paid $350 to rent it for 10 years or so. Sometimes they actually appreciate.
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#29
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Ray Gibson SJ200 Taylor Grand Symphony Taylor 514CE-NY Taylor 814CE Deluxe V-Class Guild F1512 Alvarez DY74 Snowflake ('78) |
#30
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This is why I very rarely buy new guitars. Unlike some, I always plan to sell everything I buy. I take that into serious consideration every time I buy a piece of gear. Resell is all over the map but generally I would expect to take a 25% hit on a new guitar that is still in excellent condition and less than a year old.
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