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A question for those of you that own brand new higher value guitars but like to change up every so often and explore new gear
How do you reconcile the loss in value when flipping higher end guitars? or do you prefer to hang on to them?
The way I see it is that a £3.5K guitar, a year or 2 old can sell for about 70% of it's purchase price so you stand to "lose" £1,000 unless you are very lucky and prepared to wait a long while for just the right hungry buyer.
It's not ideal but a fact that has to be faced for those that want to change up gear and try new and exciting guitars or succumb to GAS. The alternative is don't sell and keep amassing more gear as disposable income allows.
The way I try to reconcile this is that the lost value could be viewed as a 'hire charge' for the duration you owned it, so £1K divided by 24 = £41 a month for the privilege of playing and owning that guitar. It softens the pain just a little I guess...
...and yes I'm toying with swapping out some guitars/gear!
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Comments
I have a few high end guitars and have flipped a couple of them with no loss.
i currently have a DG335 - bought new and is now worth more if i wanted to sell it.
also bought and sold a new gibson R9 for no loss (or profit)
I bought a jason smith masterbuilt strat second hand and sold that for a small profit when i got bored of it
the one guitar i will make a loss on but the one i intend to keep is my PRS custom 24
But the longer you keep it the less the 'depreciation' will be each month - In fact as time goes by and the equivalent new example has gone up in price, then you can sometimes get close to parity
If you've bought a car it's probably depreciated... etc...
When it comes to musical gear it depends what the goal was. If it was a tool you made money with the maths aren't as simple. If it's just for a hobby then that's going to come down to what you're personally willing to spend/lose to get what you want... I don't think there's a formula for that
Thinking of the money people spend on golf, fishing etc will put it into context.
There's a couple of chaps at work into cycling, have all the really expensive lycra, expensive shades, helmets, GPS sat navs, hydrating liquid bottles, expensive bikes with funny handle bars and skinny wheels, etc etc
Fair weather cycling freaks
At least we don't have to dress up like hi viz lemons and wear skin tight lycra to play guitar...some may choose to but it's not essential for fast playing is it?
If i do loose some money like you i view that as simply the cost of owning and enjoying the guitar for the time i,ve had it.
For me now guitar playing is a hobbly and am more than happy to spend money on.
There's also the buzz of finding an absolute bargain that crops up from time to time.
What I'm about to say will be controversial but I'll say it anyway....there's nothing worse than a new guitar, all bright, expensive, jangly and just waiting for it's first heartbreaking dink!
Yeah tend to agree - I sometime do the cost per month thing, but usually I just compare it to boring real life costs. For example I had a parking miss-judgement at the weekend which will probably cost me the depreciation spoken of in the OP. That really does hurt more than owning and enjoying something then moving on.