🇨🇦 CANADA'S #1 TONEWOOD AMP DEALER 🇨🇦

How much is my guitar worth on trade?

A unique aspect of the musical instruments industry is the used/trade market.

There are several ways you can unload unused or unwanted musical instruments. You can give or sell them to a friend or family member. You could also list them online with a classifieds website or sell them on eBay or other online marketplace. All of those methods do involve some work on your part. (taking pictures, dealing with buyers, shipping etc.)

A big reason that many people want or need to unload an instrument is often to purchase a new one! That's when trading your instrument in at a store is really handy. It's quick & easy with minimal work required on your part.

Here's how it looks from the store's perspective (Faders loves taking trades;)

When you trade in a guitar at Faders there are 3 parties involved:

  1. You
  2. Faders
  3. The person who will end up buying your guitar

Pretend for a moment that you are looking at buying a used guitar.. what's the first question you ask yourself after determining the make, model & condition?

Is this a good deal?!

Of course!! We all do. Therefore Faders has to think about that question when calculating your trade value...

Will the next person think it’s a good deal?


We ultimately have to price your trade-in so that:

  1. You get fair value for your trade-in
  2. The store makes some profit on the guitar when it is sold
  3. It’s a good deal for the next person

That can sometimes be tricky.


Things to remember:

  • You will (almost) always get more $ for your guitar by selling it privately
  • Trading it in gives you the advantage of ease, speed, convenience & safety vs. selling it yourself. 
  • You don't have to deal with flaky or shady buyers and you get to skip the hassle, expense & risk of packing & shipping the guitar. 
  • You don’t have to spend time taking pictures, creating ads, haggling with potential buyers or packing/shipping the guitar.
  • If the guitar is damaged in shipping... you definitely don't want to deal with that headache.

It can be quite a bit of work but someone has to do it!
 

How we determine the used resale value of a guitar

  • Is it a brand we recognize & trust (not necessarily a big brand)
  • Is it a current model (makes it easier to establish the price) 
  • If not a current model what is the “going rate” online 
  • If not much info is available, what make/model would it compare to for reference (example: set neck, single cutaway, carved top dual humbucker guitar or solid spruce top mahogany back and sides, sealed tuning machines acoustic)
  • What is the condition of the guitar

 

How we determine how much we can offer for it

  • Is it a make/model that is desirable enough to sell reasonably quickly
  • How much prep work will we have to do to get it ready for sale (restringing/repair etc)
  • Will it more likely sell in our store or online (different costs involved - shipping etc) 

 
We take guitars, amps & pedals on trade all the time so if you are interested in what your guitar might be worth, shoot us an email at info@faders.ca with the following details & we'll give you a *rough idea of what it might be worth on trade!

  • Make
  • Model Number
  • Serial Number
  • Approximate age
  • Detailed description of the condition & functionality
  • What you are interested in trading towards

*100% firm trade value can only be determined once we have seen the guitar in person and completed our tests/analysis