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FDP Forum / Miscellaneous and Non-Fender Topics / Resale value of guitars....

LHW

Southwest Florida

Alone in my principles
Nov 17th, 2017 12:40 PM   Edit   Profile  

I saw an interesting video on guitar brands with the worst resale value. The five listed we're:
Reverand
Music Man
Tokai
PRS - American
G&L

He was not trashing the brands, just saying that you will lose money when selling a used one.
Your thoughts?

(This message was last edited by LHW at 02:42 PM, Nov 17th, 2017)

Peegoo
Contributing Member
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Enjoying

the downtime
Nov 17th, 2017 12:54 PM   Edit   Profile  

Most brands of guitars (save for Gibson and Fender) lose quite a bit of their value as soon as they go out the door. Even top-name brands like PRS don't even come close to the Big Two. Nostalgia carries a lot of the value.

Guitars are not good "investments" anyway, despite what some people may have you believe. Guitars are an elastic commodity, so buy and play what makes you happy. If you're getting a player guitar and you're concerned about resale, you're missing the whole point about playing music.

Itchy
Contributing Member
*

Orlando, FL

My brain hurts!
Nov 17th, 2017 01:23 PM   Edit   Profile  

I will not buy a new guitar unless it is some crazy stupid deal.
Used guitars don't wear out like cars. The depreciation is pretty significant. I try not to buy any guitar I'm not at least 95% confident I can get back out of it what I put into it.

jhawkr
Contributing Member
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Wichita, KS USA

It's all gravy from here on...
Nov 17th, 2017 01:38 PM   Edit   Profile  

I've only come out ahead (value) on two guitars so far. 2002 Gibson J-45 ($1350 new) and 2003 Epiphone Casino Elite ($850 new). Used prices for both are pretty strong.

DrKev
Contributing Member
******

Paris, France

It's just a guitar, not rocket science.
Nov 17th, 2017 02:04 PM   Edit   Profile  

That's five great guitar makers. Moral of the story is not to judge what resale value should be on the basis of Fender and Gibson, who many people say make inferior guitars (dollar for dollar) compared to those five brands!

DrKev
Contributing Member
******

Paris, France

It's just a guitar, not rocket science.
Nov 17th, 2017 02:06 PM   Edit   Profile  

And of course the good news is that amazing guitars can be bought in almost new condition for far lower prices than a store can offer new.

Therealfrogman
Contributing Member
*****

Pueblo, Co

illegal is a sick bird....
Nov 17th, 2017 02:43 PM   Edit   Profile  

I never expect to make money and rarely break even.

I seem to want to make sweet deals for people and will continue to do so. No I do not believe in Karma.



Mick Reid
Contributing Member
****

Australia

American-made in Oz!!
Nov 17th, 2017 03:01 PM   Edit   Profile  

What is this "resale value" of which you speak???

Like jhawkr, I can count on one hand the number of times I have come out ahead selling a guitar. And FTR, I consider breaking even coming out ahead ;^)

The one thing I finally learnt was, keeping all of the stock parts from any mods I do (like pickups, pickguards, tuners) so I can return the guitar back to stock should I decide to sell it.

You'll never recoup expenses from those kind of "improvements". And, I've never bought a guitar thinking of it as an investment.

(This message was last edited by Mick Reid at 05:40 PM, Nov 17th, 2017)

JJuran
Contributing Member
******

Boston Area

Nov 17th, 2017 03:34 PM   Edit   Profile  

My thoughts? Buy a used guitar that feels good, plays well, and does it for ya. Brand doesn't matter. Then keep it and play the beejeezus out of it.

Foggy1
Contributing Member
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Murrells Inlet, SC

So, so you think you can tell.
Nov 17th, 2017 04:09 PM   Edit   Profile  

Buy'em to play'em. Not to sell'em.



gdw3

LA-la-land, CA

Insert clever comment here
Nov 17th, 2017 05:19 PM   Edit   Profile  

A couple of these seem exactly wrong to me. If he's talking about Japanese Tokai, not Chinese ones, the price is quite high on any that I've seen. And I've seen quite a few. And all the used Reverends I see selling seem to hold their value quite well! They aren't terribly expensive in the first place. IMO, the best new guitar value on the market!

greg1948
Contributing Member
*******

Vero Beach FL

Tbird Greg
Nov 18th, 2017 06:09 AM   Edit   Profile  

I don't buy guitars - I rent them. Well, ok, I do fork over the $$$ to the seller and take the guitar home. Then, over time, I find that I still can't play like Clapton/Beck/Page et al, so I sell the guitar for less than I paid for it. The difference between what I paid and what I sell it for is my "rent" for the instrument. Simple!

Peegoo
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Enjoying

the downtime
Nov 18th, 2017 10:35 AM   Edit   Profile  

Just like beer!

Viera
Contributing Member
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Santee CA

I forgot my tagline
Nov 18th, 2017 10:58 AM   Edit   Profile  

^ I like it. From now on I'm renting my beer. :-)

I'm with greg1948. The $ I lose on a guitar or amp sale I consider to be rent $.

It's amusing the prices many are listing their gear for on CL, way above the used market prices. I guess there are some suckers out there.

greg1948
Contributing Member
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Vero Beach FL

Tbird Greg
Nov 18th, 2017 11:33 AM   Edit   Profile  

"In heaven there is no beer...."

Te 52

Laws of Physics

strictly enforced
Nov 18th, 2017 12:09 PM   Edit   Profile  

Has more to do with brand value than actual quality. Martin, Gibson, and Fender are known worldwide even by non-musicians. The ones on the OP's list aren't.

scott-s
Contributing Member
******

juneau ak.

If you must smoke, please smoke salmon!
Nov 18th, 2017 01:22 PM   Edit   Profile  

I remember a guy I jammed with once trying to sell me a parted out Melody Maker. It had all the paint sanded off but a decal or two stuck to it, the tuners were missing, the wiring harness had a pickup dangling from a clump of wires with a couple of pots minus the knobs, his pitch was it's a "vintage Gibson, it would make a great slide guitar".

I think he bought this mess thinking he could flip it, I kept my $300 and he kept his Vintage Gibson.



Mick Reid
Contributing Member
****

Australia

American-made in Oz!!
Nov 18th, 2017 03:30 PM   Edit   Profile  

"I remember a guy I jammed with once trying to sell me a parted out Melody Maker."

That reminds me, two guitars I sold last year (a 1995 MIK Squier strat and Warmouth parts-caster) I actually made money on by parting them out. Mostly from the necks & bodies. I kept one set of pickups and one set of tuners.

It's weird, when I had listed them as whole, I got little interest and stupid low-ball offers.

Go figure. Maybe the Stratosphere is onto something ;^)


Peegoo
Contributing Member
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Enjoying

the downtime
Nov 18th, 2017 09:45 PM   Edit   Profile  

Yep. You'll get more $$ out of a guitar sale if you part it out.

There are lots of people chasing tone--and replacing a part is a whole lot easier than actual practice :o)

FDP Forum / Miscellaneous and Non-Fender Topics / Resale value of guitars....




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