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I got a decent offer on my Strat, and money off the Lowden. Someone who worked there took the Strat for himself, so not sure if that accounted for the better experience.
As as has been said, I got a very quick deal, and the guitar I wanted. I didn’t get as much as I could have for a private sale but after advertising it for a month I had no offers.
Of course the week after I traded it I got an offer but hey ho.
I can't help about the shape I'm in, I can't sing I ain't pretty and my legs are thin
But don't ask me what I think of you, I might not give the answer that you want me to
So for secondhand items, yes, there is competition. And that's to attract the punters with attractive prices, so as to sell those used items (and create the opportunity to upsell to a new guitar/ pedal/ amp) and thus keep the business afloat.
No, I'm not in retail. But seriously, how can some people not understand that shops need to make money to pay staff, rent, running costs, advertising, accounting fees, etc etc etc?
No one is forcing anyone to buy/sell from a shop. But it's what shop/businesses do, natch, buy, sell, rinse, repeat to make money (and sometimes provide a service). How many times does this need to be said before it gets through peoples skulls? Plenty more, judging by some of the ignorance expressed on this forum.
A while back I inquired with Andertons about trading in a digital piano on higher-end model... they have a really transparent “if we think we can sell it for x you get y formula” - they offered me £100 with the expectation of shifting it at £150. The next day I sold it in a Facebook group for £260 - which meant that a dealer could have probably got north of £300. But they just don’t want to sometimes. Space, effort, etc...
Want more for it? Then pop it on here and sell it for less than the gumtree price but more than the trade in value is my mantra. That way I win, the buyer wins and the fb community wins, because it stays circulating this circle.
As for guitar guitar, I have always had excellent service and have had several cracking deals from them.
I launched a none guitar related trade in process for a retailer, where we were buying old stuff from £1 to £25.
Rule of thumb was we gave great prices on stuff we could shift quick but if we new it was old and or would take an age to shift you would offer a straight £1 or £2. More out of courtesy than turning someone away and it let's them get rid of stuff they don't want.
Basic retail really.
I've no problem with it, and they're completely up front that I'll likely get more holding out for a private sale. I do wish though I'd been wiser on the numbers and depreciation when I bought it. (I got carried away a bit in the shop - I wouldn't buy new again unless I was 100% it was a long term keeper).
The trade in value (50% of current RRP) is tempting but there's nothing new I want and am willing to take a second depreciation hit on.
"We have a very open and honest approach to part exchanges. We will value the item at what we think we can sell it for, and we will offer the customer a fair amount based on that valuation.
If we value your item at under £100 we will offer you 1/2 of the valuation.
If we value your item between £100 and £1500 we will offer you 2/3 of the valuation.
If we value your item at over £1500 we will offer you 3/4 of the valuation.
E.g. if we think something is worth £300 to sell, we?ll offer £200 to you on a part exchange."
EDIT - sorry, just noticed Whitecat said exactly this just above..
They came back with this real low-ball bid of £400.
https://imgur.com/FnSnppB
Maybe they don't really want to buy in at the moment.