Cape Cod Acoustics
  • Home
  • Your Lessons
  • Performance services offered
  • About Gene
  • Contact
  • Guitars, Ukes & Accessories
  • Acoustic Guitar Blog
  • Tips for guitarists
  • Guitar Gallery
  • More...

Used guitar purchase: How much to spend

9/13/2013

0 Comments

 
 Friday the 13th.  Hopefully this traditionally bad-luck day doesn’t result in broken strings, dead battery in your digital tuner, misplacing your capo, non-functional (for no apparent reason) connecting cords to your amp or PA system, someone else showing up for your scheduled gig, spilling coffee on your guitar or too many requests for songs you don’t know how to play. I speak from experience. And none of these recent things happened on a Friday the 13th by the way!

I haven’t been buying too many higher end guitars lately for students or for resale. This is because for some reason the prices on the used guitar market seems to be at an all-time high. I don’t really have any idea why this is. I’ve written about the volatility of the used guitar market in the past and have no reason to change much of what I said. In many cases people have unreasonable expectations of what their used guitar is worth. Even when offering a nice instrument from one of the premium, large output builders such as Martin, Taylor, Gibson, Guild or Larrivee it is not reasonable to expect a 90% return on what a person paid for that guitar if the model is one that’s common and readily available.

There are dozens of retailers who offer brand new guitars by those makers at 40% off list price, although they often can’t advertise at those prices. The retailers must adhere to MAP rules (minimum advertised price) but a quick phone call or email will result in finding out the real price. The advantages of buying from a legitimate, authorized dealer are many, beginning with the warranty. Let’s say a certain Martin has a list price of $2000. At 40% off, you pay $1200. At that price, this most likely is one of the common but quite fine, run-of-the-mill Martin models (if there is such a thing – you can be pretty certain it will be a great guitar).

On the used guitar market that guitar should sell for about $800, give or take. But I often see people trying to sell such a guitar for $1000 – or more. This just doesn’t make sense. For only a few dollars more the buyer could get a new instrument, with Martin’s famous Limited Lifetime Warranty (to the original owner only). Plus, buying that new guitar from a reputable dealer means the buyer has the certainty that the dealer will stand behind their sale.

Wait a minute, Gene. Are you saying I should buy a premium guitar without playing it first?!

Well, the short answer is – yes. These days the major manufacturers are remarkably consistent in the quality of their builds. A Martin D-15 or a Taylor 314 is going to sound and play great, especially if purchased from a dealer like Maury’s Music, My Favorite Guitars, Elderly Instruments or Gruhn where all guitars are “set up” to ensure the little things like tweaking the action and a visual inspection are done before the sale. Yes, you are taking a bit of a chance, especially if you have no experience with a particular model. But if for any reason you don’t like your new guitar, all the above mentioned dealers offer a short period of time (days or perhaps a week) when you can return that guitar for another or even a refund. You will have to pay the return shipping but in my opinion that is a risk worth taking.

With imported guitars the return on investment is less. You would be fortunate to get 50% of what you paid for just about any Ibanez, Alvarez, Yamaha, Recording King or many other of the good quality imports. Even if that guitar is in perfect condition, the fact is there are tens of thousands of those guitars on the used market at any time. Also, the things that may go wrong with even higher quality imports are many compared to American and Canadian made guitars. A buyer who has, say, $300 to spend on a used import most likely does not have the knowledge to recognize things like a guitar in need of a neck re-set, sloppy tuning machines or poor sounding electronics. You usually don’t find new imports at 40% off list but the big mega retailers usually offer free shipping, which can save you quite a bit. Also, the “big two” (Guitar Center and Musician’s Friend – actually the same company) offer a 30-day, no questions asked return policy, assuming the guitar is returned in the condition it was when purchased. I have taken advantage of this with things like amps and I think it outweighs the slightly higher prices they charge for most of their offerings. 

So why are guitar prices so high right now? The allegedly improved economy? The ever-increasing popularity of the guitar, which I believe has a lot to do with the acoustic guitar being so prevalent in today’s music? Older Baby Boomers who have decided to take up the guitar after having dabbled in playing in their younger days?

Probably those things and others. As with most consumer items in this country, where you live does have an effect on guitar prices – higher in urban areas, less in rural areas. Just be aware that there is no justification or reason to pay close to retail price for most used guitars.

Peace & good music,

Gene

0 Comments



Leave a Reply.

    Author

    Gene Bourque

    Archives

    June 2022
    May 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    July 2021
    June 2021
    February 2021
    January 2021
    December 2020
    November 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    February 2020
    January 2020
    December 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    November 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    February 2018
    January 2018
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    May 2015
    April 2015
    March 2015
    February 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012
    February 2012
    January 2012
    December 2011
    November 2011
    October 2011
    September 2011
    August 2011
    July 2011
    June 2011
    May 2011
    April 2011
    March 2011
    February 2011
    January 2011
    December 2010
    November 2010
    October 2010

    Categories

    All

    RSS Feed