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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.
abnerjack
hgeifman
2,268 posts
 
I have never used Audio Solutions listed below but you might want to ask them if they are interested in your used equipment (cash or consignment). 

http://theaudiosolutions.com

MCINTOSH, AUDIO RESEARCH, CARY, MARK LEVINSON, CHORD, BOWERS & WILKINS, KRELL, CLASSE, CLEARAUDIO, SME, VPI, REVEL, MAGICO, MARTIN LOGAN, MAGNEPLANAR, SONUS FABER, WESTERN ELECTRIC, TELEFUNKEN, ROGUE AUDIO, MUSICAL FIDELITY, NAIM, SEQUERRA, MARANTZ, SHUNYATA, NORDOST, TARA LABS, KIMBER, PURIST..
.
IF YOU HAVE IT, WE WANT IT!! ALWAYS ON THE QUEST FOR GEAR, GEAR AND MORE GEAR!!
We BUY anything HiFi, Reference, Two-Channel/ Multi-Channel, Sources, Speakers, Speaker Cables, Interconnects, etc., etc.....!!!
abnerjack OP
208 posts
 
Ouch!  My fears are being confirmed.

hgeifman,

Thanks for the info and links.  I will check with those people.  I might just have to do some selling myself.


gdnrbob
4,458 posts
 
@abnerjack, 
If the equipment is in decent shape, it would behoove you to sell directly.
Just be honest about condition and price accordingly.
B
cooper52
187 posts
 
Retailers, especially those with a brick-and-mortar store, have to support their overhead which includes staffing, rent, cost of goods, advertising, and all sorts of other expenses. That’s why you would typically get about 50% of what your trade-ins would sell for. Also, I gather from perusing listings on Audiogon and similar sites, retailers will tend to have slightly higher prices than individual sellers, as it is necessary to cover the above-mentioned expenses. The rest of us only have to contend with Audiogon and Paypal fees, and negotiate who pays for the shipping, all of which is a lot simpler/cheaper than supporting an ongoing business. I agree with the consensus here that you would do best to sell as an individual. Just like the real estate market though, look for comparables so you have a realistic idea what you can expect. Getting the price right can be tricky.
jmcgrogan2's avatar
jmcgrogan2
6,346 posts
 
I would think that it would depend on the retailer, what you are looking to buy, and how much you are willing to spend.

If you were looking for a pair of speakers and amplifier that listed for say $15,000 total, you may have the dealer give you $4,500 off for your gear.

Now keep in mind, that if you had nothing to trade in on the same items, the dealer may just knock of $3,000 to make the sale. So in essence, you would only have gotten $1,500 for your amp/speakers.
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