domj Posted July 2, 2002 Posted July 2, 2002 As per topic. How do you do it? I got speakers for sale but dunno if I'm asking too much. Any advice would be appreciated. Thanks in advance.
Chowbotak Posted July 2, 2002 Posted July 2, 2002 for myself, i will sell at about 55% of my purchased price if the eqpt is more than a year old. give and take a bit. for eg. if eqpt is in great demand, maybe a little higher or if market is flooded, then less. but whatever it is, its definitely lower than what i have paid for!
aloychan Posted July 2, 2002 Posted July 2, 2002 It's all depend on the used market also. Some items are still worth the money after many yrs. Items like Mark Levinson, KRELL, GOLDMUND, Mcintosh, Sonic Frontiers to name a few can bring good price. Ppl still lookup to certain model for the mentioned brands. E.g a ML No.27.5 still can fetch abt 2.75K to 3K on the market. Those Ppl who know certain model are worth to keep would paid for it. I hv couples of frens still using 10 - 15yrs old ML PowerAMP No. 20.5 and No.23.5, which is still popular after so many yrs. They are know for they good soundstage and warm sounding. Went to Larry Hi-Fi today, and talk to a customer who is abt 65 yrs. He is still keeping his ML No.27.5 and might sell for abt 3K. I am willing to pay if the conditions suits me. Just my 2Cents.
hw Posted July 2, 2002 Posted July 2, 2002 Just set a price..if there's someone willing to buy at that price, then good. Why bother if it's too high or too low?
domj Posted July 2, 2002 Author Posted July 2, 2002 Thanks all for replies. HW, what you say is quite true, I was just wondering what kinda factors ppl take into a/c when selling. :)
hw Posted July 2, 2002 Posted July 2, 2002 When I sold my 2nd-hand amp, I set a price at about 70% of what I've paid, which comes up to about 50% of the original retail price. There were some who tried to bargain down, but I refuse to budge because I've set a minimum limit for bargaining, and would rather not sell it if it goes any lower.
aloychan Posted July 2, 2002 Posted July 2, 2002 Ever consider selling it to GEA in Adelphi ??? Just joking only, hahaheeheha !!! Just my 2Cents. When I sold my 2nd-hand amp, I set a price at about 70% of what I've paid, which comes up to about 50% of the original retail price. There were some who tried to bargain down, but I refuse to budge because I've set a minimum limit for bargaining, and would rather not sell it if it goes any lower.
hw Posted July 2, 2002 Posted July 2, 2002 Joke of the day? *ROFL* ;D ;D ;D Ever consider selling it to GEA in Adelphi ??? Just joking only, hahaheeheha !!! Just my 2Cents.
Guest joamonte Posted July 2, 2002 Posted July 2, 2002 when i am the seller.....any price above 60% of orginal price is consider fair. when i am the buyer.....any price below 40% of orginal price is then consider fair.... thats how people(including me) determine the value of used equipment IMHO..! ;D ;D ;D
Chowbotak Posted July 3, 2002 Posted July 3, 2002 also depend on age of eqpt, value of eqpt shd depreciate with time. another thing is i will not rip off anyone, knowing that the hifi community is a small one. for eg if i buy dirt cheap from someone, i wont sell at a profit to someone else.
hw Posted July 3, 2002 Posted July 3, 2002 i beg to differ... selling it at a "profit" if u happen to get it at a very low price is NOT a "rip off". A "rip off" is when you know the actual value of a component is not as high as what you're trying to sell, and you insist on that overflated price. At the end of the day, it's the price that the buyer is willing to pay, and what the seller is willing to sell. One man's junk can be another's treasure.
domj Posted July 3, 2002 Author Posted July 3, 2002 also depend on age of eqpt, value of eqpt shd depreciate with time. another thing is i will not rip off anyone, knowing that the hifi community is a small one. for eg if i buy dirt cheap from someone, i wont sell at a profit to someone else. agree it depend on age. but it cannot be after a few years, the value will drop to a few cents! but there was an occasion where after buying 2nd hand hifi for 6 months, i have to sell it at 20% lesser than when i got it. i agree, i won't sell to make a profit. but there was another occasion, this guy wanted to sell his component to me at $100 lesser after using it "sparingly" for 1 yr (the price was $1.5 k i think) and the price was much higher than that. i told him where to shove his component. domj: welcome to the world of selling and maybe buying hifi 2nd hand. don't be disheartened if people offer you $200 for your prized hifi which costs 8 to 10 times of that. btw what speakers are you selling? I'm selling the Vandersteen 1Cs. Posted it in the sales forum.
hw Posted July 3, 2002 Posted July 3, 2002 That's a really good deal ;) I'm selling the Vandersteen 1Cs. Posted it in the sales forum.
Spunky Posted July 3, 2002 Posted July 3, 2002 as i said, get ready for all those bargain hunters who want to trade or buy your speakers for $200, and all that nonsense. part and parcel of life lah...
domj Posted July 3, 2002 Author Posted July 3, 2002 I wish I have the space to even consider them... :( Don't really need big space lah...Worked quite well in small spaces as well. I know cos I shifted house (small to bigger). ;)
Spunky Posted July 3, 2002 Posted July 3, 2002 err, if you sell your 5 room hdb flat, anyone offer you $10K? if you sell your 2 yr old honda accord, anyone offer you $900? er...there r also pages of car & apt in the classifieds as compared to hifi....u know....supply and demand?
domho8 Posted July 3, 2002 Posted July 3, 2002 also depend on age of eqpt, value of eqpt shd depreciate with time. another thing is i will not rip off anyone, knowing that the hifi community is a small one. for eg if i buy dirt cheap from someone, i wont sell at a profit to someone else. Eh Chowbotak. I agree with you totally on this statement. ;D
Guest joamonte Posted July 3, 2002 Posted July 3, 2002 [quote author=Spunky err, if you sell your 5 room hdb flat, anyone offer you $10K? if you sell your 2 yr old honda accord, anyone offer you $900? er...there r also pages of car & apt in the classifieds as compared to hifi....u know....supply and demand? ok tomollow, i give you my cheque for $10k, i want a 5 room hdb flat at bishan at least 20 storey high with unblocked view on all 3 sides. flooring must be italian marble and fully fitted with italian furniture and king size water bed and tinted double glazed sliding windows and multi split high efficiency air con and 60 inch plasma tv and surround sound system i also give you my cheque for $900 for honda accord. must have sports rim, momo steering wheel, overhauled exhaust, leather seat, sports tyre and no scratches on paintjob or windows. don't play play unreasonable right? now you know how we feel when we try to sell our hifi. ;D ;D ;D
Spunky Posted July 4, 2002 Posted July 4, 2002 er...unreasonable....yes....so is the public transport fare hike (well, most think so!). All I said was that this is part & parcel of life...u'll sure to come across such situations. unreasonable right? now you know how we feel when we try to sell our hifi.
Spunky Posted July 4, 2002 Posted July 4, 2002 Perhaps we don change car or house as often as we change hifi to achieve a good sample rate??
Spunky Posted July 4, 2002 Posted July 4, 2002 That's coz the bank or valuer will give an indication of how much a property shd cost. Similarly, car has a residual value (scrap value) which the seller can recover from LTA. hmm moderator change sh*t to nuts in my previous post - makes no sense after they did that anyway, don't think its because we change cars and house infrequently. can you imagine someone asking to buy your house at an absurd price with all those ridiculous conditions? No? So why do these hifi buyers bother asking for the same absurd things?
Guest joamonte Posted July 4, 2002 Posted July 4, 2002 mnnn...sorry but i think car and property are quite different from HIFI... 1.everyone hope to have their own house,but not everyone hope to have their own personal HIFI set...many people is very satisfied with the walkman,minicombo or even portable radio... eg. when new couple married their 1st thing is look for a new house and not new HIFI set..thus when demand is not that high,the price of 2nd hand of course,some not that famous branded/model will drop until below 40%.....that why i alway tell my friend,better buy those "Branded" hifi if u dont think u want to keep it for ur whole life. :) 2.car...if u look at the selling price of 2nd hand car,u will notice that most of the new car will drop below 50% of orignal price in few years time,unless those "branded" car (...M & M....)maybe can sell above 50%....consider the demand of the car is higher then HIFI(yes i know,car is not cheap,but i believe most of the people who got $ in hand already satisfied with their minicombo,but not satisfied with their tiny japanese car,thus i said that car demand is higher...),u will not so sad... ;D... and look at the 2nd hand sellig price of those pro logic/DD only AV amp or processor....i think u will smile... ;D
Perouse Posted July 4, 2002 Posted July 4, 2002 I too think hifi cannot be compared to cars and house for many reasons already put forward elsewhere. Above all, perceived market value sets what one have to pay. Take cars for example, the trade has work it down to as simple as cost of use per year (since cars technically goes to scrap yard in 10 years after the matched dreaded COE expires). So a Honda Civic will commonly achieve say $8000 per year of use. Under such circumstances, how to get them real cheap? Everyone who wants one knows roughly how much it's worth. If some seller does not know and ask for way less, you can be sure that he will be contacted by dealers before the ad even get seen by the public. Dealer buys it and 2 days later it's back on the market @ $8000 per year. Hifi, unfortunately no such market price. So, especially for the lesser known brands, it's open country. Anything goes so long as the buyer can get seller to sell and seller feel justly treated. Furthermore as someone says above, hifi is far from being a necessity in life (tho' I'm sure many here will disagree judging by the number of folks I've come across who owns gears they really cannot afford to own and struggling to pay off) and hence, people gets more pragmatic.
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