Originally Posted by ontime
What does the community think about the G & L Legacy model. I have an ASAT now and really love the sound. When I purchase a bass I want it to be one that I can Keep and it will appreciate in value. Will the Legacy appreciate or will it have a negative stigma because it wasn't one of the models designed by Fender himself. It sounds great and feels wonderful.
A good investment bass is one that has a low risk of dropping in price.
With G&L's, that means brand new ones aren't candidates.
That doesn't mean buying a G&L Legacy or other models can't be good investments - a 30% profit is a 30% profit - whether that means you're investing in basses, Savings Bonds, or stocks. And that is regardless of whether you have to "do it over and over".
24 months ago you would see sales under $500 for US G&L's. Not a lot, but they were out there. Buy one for $400 when you can find them, and sell them for $640. Good investment. Buy one for $800 and you may have to wait a while.
If your idea is "buy the one I love now and hold on to it as an investement" - you might be going about it the wrong way. If you want a Legacy Bass or LB-100 - but it. But if you pay $400 for one you've made a better investment choice than if you pay $700.
I thought it interesting a while back when the bass player for INXS was selling his Fender Precisions through Gruhn while keeping his LB-100s. Buy it and keep it if you like it, but if you want to get more than your money back - shop harder and more often to get a cheaper one in good shape whereever you can.
The other benefit is when you buy them cheap you don't mind as much having to sell them to make your next GAS payment, since you'll be making money and not losing it.
Go to Guitars, Musical Instruments, and Musical Equipment from Guitar Center
On the left side click on "Vintage & Platinum" and then "Vintage Bass".
Do that every day.
When you see a deal don't think - buy immediately.
Two nights ago were not one but two G&L L-1000's, 1981, for $599.
Those, my friend, are good investments.