I contacted a company that buys used audio gear for resale. I understand they have to sell at a profit so I was sort of figuring on 25% of the retail price - But the offer was about 10% of retail. I just let it go at that point. Unless you just want something out of your house, trading it in to a dealer is not the way to go.
Trade in value to a dealer
I have some items I would like to liquidate and reinvest the proceeds into upgraded equipment. I have no feedback on Audiogon and wouldn't enjoy selling if I did. I am interested in experiences you have had with trade in value to a dealer. Let's say I have an amplifier which I would normally sell for $3,000 and a set speakers which would sell for $1,500 if I were to sell them to an individual. What expectation might one have if trading these items in on more expensive pieces?
I have no experience in this area, but in comparing it to the automotive market, I would be getting a wholesale trade in value. Do most audio dealers operate on the same basis, wherein they feel they must make a profit on the inventory they receive via trade in, or might they allow a fair market value if they are making a profit on the item I am buying from them? I am sure it varies from dealer to dealer, but am interested in other's experiences. Should I expect to take a big hit? Or maybe just a slight cuff? Thanks.
I have no experience in this area, but in comparing it to the automotive market, I would be getting a wholesale trade in value. Do most audio dealers operate on the same basis, wherein they feel they must make a profit on the inventory they receive via trade in, or might they allow a fair market value if they are making a profit on the item I am buying from them? I am sure it varies from dealer to dealer, but am interested in other's experiences. Should I expect to take a big hit? Or maybe just a slight cuff? Thanks.