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:
- 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:
- You get fair value for your trade-in
- The store makes some profit on the guitar when it is sold
- 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 email@example.com with the following details & we'll give you a *rough idea of what it might be worth on trade!
- 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