How do you determine value & performance?

I've had a couple bad experiences buying used. Nothing that couldn't be rectified, but still inconvenient. I now try to buy new gear with a decent warranty, and nothing too esoteric (unless it's basic) since many of those companies won't be around in the future. 

I also believe it's worthwhile to potentially lose some $$ in shipping costs and restocking fees in order to get an in-home audition. With prudent dealer searching and credit card deposit, one can usually manage an in-home audition with option of exchange or return. I've found it's important to discuss the return policy with the dealer prior to purchase so you're on the same page. I let them know I'll definitely return an item if it doesn't meet my expectations.

Beyond those issues my primary concern is sound quality. Appearances take a back seat, but any preamp or integrated must have a remote. That's an absolute deal breaker for me. 

NextLevel

How do you determine value & performance?

It would seem to me the only answer would be in the opinion of whomever is doing a comparison between two or more like components that are new. I write new because the used market has other variables, such as the "condition". And new means in a manufacturers unopened carton. Also, value in my opinion means taking both "quality" (subjective and objective) and price into consideration. Further, price should be what you actually pay, not necessarily MSRP.

Thanks to all for your thoughts. I hadn’t previously realized it, but I do have a mild bias against products made in China because I consider them a direct competitor to our nation. Nonetheless, I will continue to purchase Chinese products when the value to price ratio is very high. 

I too have favorite dealers and product manufacturers. Spearit Sound (located in Northampton MA) recently closed due to the owner’s retirement after many years in business. Their service and advice were stellar and over the years I became good friends with Jack Tozzi who was with Spearit since it’s inception. Recently, I’ve done business with NextLevel AV (located in Chicago IL) and I’ve also become friends with Tyler & Dana Meueller NextLevel’s owners because their service is excellent and they are so personable. 

From a product standpoint my experience with CJ (Conrad Johnson) has been outstanding, although after several decades of CJ ownership, I have moved away from tubed equipment to solid state due to a move to a much warmer climate. A big part of my CJ loyalty was due to product reliability and their terrific service. Another company from which I’ve received exemplary service and am very pleased with the product’s quality is Tri-Planar. They are a very small company whose only products are tone arms. The owner/designer/technician is Tri Mai and his level of personal assistance and service have been extraordinary. 

As I consider what I’ve written, it dawns on me that the personality and the friendship of the people at the dealers and manufacturers I choose to do business with are key part of why I choose to do so. I guess that shouldn’t be a surprise. 

Mike