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How to Trade-In at Guitar Center - the UGLY TRUTH

Discussion in 'Basses [BG]' started by pablomigraine, Dec 27, 2011.

  1. pablomigraine

    pablomigraine Supporting Member

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    Disclosures:
    Endorsing Artist and MI Professional... see profile
    After posting this is a GC-bashing thread, several people requested that I repost this in it's own thread, and ask for it to be stickied..... Altho I don't know if this is sticky material, hopefully this will clear the air a little bit and help some folks out. Here goes:

  2. willsellout

    willsellout

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    Great post. Moral of the story: Sell your own gear.
  3. pablomigraine

    pablomigraine Supporting Member

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    ;)
  4. hdracer

    hdracer Supporting Member

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    Great post.
    It has always amazed me how many people on here have no clue how retail sales work.
  5. FunkMetalBass

    FunkMetalBass

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    Of all the things that people bash GC for, I've always thought the trade-in rant was unfair. If you want to get rid of something because you need the money and need it quickly, you have to accept that you are going to take a loss.

    Payday loan operations are the same way. Need $5k right now? That's fine, but you have to accept that you're going to get it at a higher interest rate than a typical bank because you need it now and not later.
  6. Scogman

    Scogman

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    Great Post, some folks don't understand that a going concern has to turn a profit and build in margin to the deal. I'm glad to hear that GC has a policy of keeping the numbers separate between the trade and the new guitar in the store when working that kind of deal.

    I've never traded in an instrument at GC but I still kick myself to this day for not picking up a Fender American Standard J Bass for 699.00 used that was in fantastic shape, played well, and sounded great. The fellow was even offering to check for a discount if I was really interested. I left the store and when I returned the next day, it was gone. So I guess they gave the fellow that traded it around $420.00.

    Great quote, reminds me of what I paid for my house in Vegas in 2005 and what it's worth now. :)
  7. JxBass

    JxBass Supporting Member Supporting Member

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    +1. Whenever I hear someone rant about their GC trade-in I assume they've never experienced an automobile trade-in at a car dealership :bawl:
  8. Lowbrow

    Lowbrow Supporting Member

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    Great post.

    Regarding boutique items: I spoke with the guitar department manager at my local GC regarding trading in a Schroeder 1212R cab. He was kind enough to advise me that nobody in the little town we live in would be interested in such a piece, hence he could not give me what HE knew it was worth. Another time, the same fellow apologized profusely for being unable to offer me more than $650 for a minty 2008 MIA Precision.

    The upshot is, if you talk to the right person chances are you will not only be treated fairly, but will also be treated as an intelligent human being. I have had generally good GC experiences, but then I never ask an 18-year-old for his or her opinion or insight on my purchases/sales. This is the best way to avoid GC frustration.
  9. SteveHeissner

    SteveHeissner

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    I bought a Carvin LB75 10 years ago for about $850. Traded it in last year toward a Fender American P-bass and GC gave me $600 in trade. So I took $250 in depreciation over 10 years on a brand that is known for extremely low resale value - Carvin. GC's gotta make a buck on the trade.
  10. lfmn16

    lfmn16 Supporting Member

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    It's so sad that some people actually believe this. The minute vendors start believing this is the minute they start going down hill.

    With all of the online options available today, it's the consumer that doesn't need to vendor.

    Years ago I looked at a guitar at Rolls Music in Falls Church, VA. The salesman wouldn't let me try it through a Marshall stack (which I was using at the time) because he would have had to find a cord for the head. Since I was already there, I tried it anyway, just to waste his time. I loved the guitar so I went over to Washington Music Center where they were happy to let me try it through a Marshall Stack. I wound up buying it from Washington Music Center and Rolls is out of business.

    Atomic Music in Beltsville, MD always makes you feel like the most important customer in the store. They've doubled their space four times since I've been going there.

    Those are examples of places the KNOW they need your business.
  11. tekdiver500ft

    tekdiver500ft Supporting Member

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    Great post, excellent information. It shouldn't be directed just at GC, though, as there are other places that deal this same way, and the information is valid no matter where you shop.
  12. bassbully

    bassbully Endorsed by The PHALEX CORN BASS..mmm...corn!

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    I haved traded a few basses at GC with no problems and always got a fair deal. If you are going in asking for cash you will get burned but you will anywhere B&M, pawn shops whatever. If you are willing to deal, know the game and are using it on trade for an item in the store it can work. I have done it for years in Mom /Pop shops also like I did last week.
  13. WoodyG3

    WoodyG3 Supporting Member

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    Just remember that the "trade in" quote they give you may include the trade in value plus a discount on the on the item they are selling to you, thus making it look like the trade in value by itself was actually higher. This is what the auto industry has been doing since the beginning of time. ;)
  14. Ivan M

    Ivan M Gold Supporting Member

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    This is why you never talk about trading in a car until all the numbers are completely done. At the very end you surprise the salesmen with the "By the way how much will you give me for this car as a trade in" If the number sounds good you bite, if not you sell your car elsewhere.
  15. bassmastan

    bassmastan

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    I was almost ripped off at GC I try not to buy things from them.
  16. Floyd Eye

    Floyd Eye

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    You will NEVER buy ANY bass/guitar from GC that has been set-up. At least not properly set up. While I think most of the used gear they sell is priced fairly well, I would never ever go there trying to sell them my used gear.
  17. GM60466

    GM60466

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    I have purchased 12 basses from GC. Most of them have been used instruments. I've always come away with a better deal than on the price tag.
  18. JimiLL

    JimiLL Supporting Member

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    You mean I cant get $350 for my Behringer 410??!!
  19. JonahTheAmazing

    JonahTheAmazing

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    Trade ins. You'll never win. Informative post.
  20. hdracer

    hdracer Supporting Member

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    So you went into GC and someone grabbed you and tried to beat you up & take your wallet but you fought them off and they did not get anything?

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