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The market is saturated though- it has been a buyers market for ages and continues to be so.
Used price is about 60-70% of the new price.
If a guitar is £1000 new then 20% is vat- it is long established that people understand that vat just goes when buying a new instrument, like when you buy a car, driving it off the lot it drops by 1/3rd (or more).
Even a good price is going to be 70% off the new (often discounted) price.
If you look on eBay etc you will see a lot of optimistic asking prices.
They almost never go for that.
It is all about market forces and demand.
If Brexit happens I expect used prices to drop even more as people start to pinch and get desperate.
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