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restocking fees

More high end manufacturers are selling direct and offering home auditions, and many are charging restocking fees of up to 20%. I absolutely respect the right of any manufacturer to charge whatever he sees fit. It's expensive to have product in the field, and companies want to discourage tire kickers, but I see no reason to risk paying a restocking fee when the market offers me so many other choices. Do restocking fees discourage you from trying a product, or is the risk worth taking.
84audio
onhwy61's avatar
onhwy61
5,346 posts
 
From the responses to this post it's apparent that many audiophiles are shoppers as opposed to buyers. In the cold, uncaring dollar oriented world of sales shoppers are seen as a waste of time.
narrod
1,064 posts
 
I simply don't believe any state allows a consumer a set time for a refund. Please provide a list.
pabelson
344 posts
 
We consumers tend to forget that both manufacturers and retailers know their business better than we do. If restocking fees are a bad idea, they'll learn it soon enough. But the fact that the practice seems to be growing suggests that they are learning the opposite lesson--that the tire-kickers cost too much and bring in too little to be worth bothering with.

If you don't like these fees, and you want to try out lots of equipment, I suggest you buy used, so you can sell what you don't like at little loss. (But I bet you find that trading like that still costs something--maybe 10 or 20 percent?)
taters
1,149 posts
 
I would be willing to pay a 20% restocking fee If I could buy direct from the manufacturers at distributor price. I think Manufacturers should cut out the middlemen (Brick and mortar stores) and deal direct with the public. Even if I paid a restocking fee on 2 items I would still be ahead of the game because I would not be paying full blown retail prices.
84audio OP
175 posts
 
Onhwy61, Shoppers are potential buyers. I'm both a shopper and buyer, and I'm afraid I have the bank statement history to prove it.

I was looking for a cable recently and budgeted $150. I narrowed my choices to 3. One manufacturer bragged that his cable was the best, and he would gladly sell it to me but did not take returns. That left me with 2 choices. Another manufacturer agreed to give me a 30 day trial saying he would recredit my card minus shipping if it was returned. The 3rd manufacturer asked lots of specific questions about how and where I was planning to use the cable. He said he had a cable for $100 more that would be absolutely perfect. When I said I wouldn't go there, he asked if he could send me the cable for audition at no charge, and asked me to evaluate it against the competition's cable.

Sure, he's trading me up, but I respect a guy who is confident in his product, and is unafraid to take a risk. He isn't worried about getting screwed or feeling sorry for himself for maybe working for free, and he's not counting pennies thinking about a restocking fee. That's a real sales person!

Granted, speakers and components are different from cables, but the principal stands. Of course it's safer to get the fee, but does it cost you more business in the end? It would be intersting to hear from dealers and manufacturers.
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