Kazwell Posted February 27, 2008 Posted February 27, 2008 I know they don't hold up resale wise over-all compared to G-words, for whatever reason. But if for instance you pay 1300 for an H-150, six months later, is it still worth at least what you paid for it? Given it was pretty much a fair value to begin with-flame pickups etc and it is in pretty good condition.
golferwave Posted February 27, 2008 Posted February 27, 2008 If you pay $2,299.00 for a Gbrand LP STD (within 6 weeks it will be $2,547.00) and want to sell it 6 Months later you would probably be lucky to get $1,750.00 for it on ebay. About a 24% drop. If you paid $1,300.00 for an H-150 and wanted to sell it 6 Months later your loss would be about the same percentage or less. If you keep any high quality guitar eventually your used one will be worth more than you paid for it. especially with Henry continually jacking his prices further into the stratosphere.
Kuz Posted February 27, 2008 Posted February 27, 2008 I personally don't think about resale value or guitars as an investment. The way I look at it is even with a tricked out 3k Heritage it is still much less than a tricked out Gibby, it is an original, built buy a great bunch of guys who still care, and built at an true American iconic landmark. We buy new cars all the time and the depreciate to less than 50% in 6 months. Make sure it's the guitar (Heritage) you really like and want, play the Sh** of it, and if in 10 years you want to sell it you can still get 50% of what you paid for it. All that enjoyment and creativity could be passed down in the family or sold in 10 years and it only cost you 50% (at worst, maybe less). I call that an incredible DEAL!
Dick Seacup Posted February 27, 2008 Posted February 27, 2008 I'm with Kuz, resale doesn't factor in to it. Anymore. Used to, but I've given up horse trading. That being said, as a percentage of new, it seems to me that Heritage guitars hold their own compared to other, comparable brands. They start out at a lower price point, though, so the perception is that the lower used market price represents a greater loss. But, that's my opinion. As an aside, I find the idea that a strong secondary (used) market for your product can support increased prices in the primary market fascinating.
Thundersteel Posted February 27, 2008 Posted February 27, 2008 They used to take a real nosedive, but I don't think it's as bad as it used to be. Used Hamers drop in value like a rock, too.
yoslate Posted February 27, 2008 Posted February 27, 2008 I know resale is not at all a moot point to many buyers, especially given the nature of GAS, and the fact most of us don't have unlimited resources to buy what we want and keep what we already have. But I think Dick and Kuz, together, have given a very good response to the prompt. We've all let marvelous pieces go, one after the other, and we've all regretted it! I haven't let anything go in maybe eight or nine years. Everybody is out, on a stand, resonating, humming when I sneeze in the same room, and they're all played and taken out regularly. I have more guitars than anyone has a right to (just ask my wife), but they all have a history, and they'll all eventually go somewhere else when I no longer play them. My son doesn't play, but he knows what's in the music room. One day he'll convert them into a tidy chunk of change. In the meantime, I'll do the best job of caretaker I can, thinking no more about what any of them is worth in dollars than I think about what my best friends are. If you buy a guitar, thinking about what you can turn it around for, you don't want it, you don't need it.
Kazwell Posted February 27, 2008 Author Posted February 27, 2008 Yeah, well I don't know. Getting bored with mine. If I played in a band -loud through an amp, but as a studio piece, don't know how practical it is. Kind of on the fence about selling it. I DID invest about 300 in it, but I left a solder blemish on the back -I know as picky folks are thats at least 200 knocked off. Just bummed
SouthpawGuy Posted February 27, 2008 Posted February 27, 2008 Hi guys, As you know I'm left handed and as far as resale value goes on any guitar brand well basically it goes straight out the window ! Left handed guitars generally do not keep their value, especially high end models. A lefty Strat or LP Standard might be worth 50% of what you paid for it after 6 months. Other "unknown" or unusual brands / models such as Heritage, Ernie Ball, ESP etc. probably fair out worse. That is why in over 25 years of playing I have amassed over twenty guitars -- anyone care for a mid nineties lefty EBMM Silhouette Special with DiMarzios and pearl scratchplate in Metallic Green ? http://i254.photobucket.com/albums/hh98/SouthpawGuy/MM1.jpg[/img] On the other hand this also means that a seller can often be stuck with a lefty instrument for a long time. Case in point my newest Heritage was for sale for months before I bought it, the seller took a $200 drop to sell it http://i254.photobucket.com/albums/hh98/SouthpawGuy/millenium8.jpg[/img] If I sold the Millie above what chance would there be of acquiring another one in lefty ? Virtually zero ! Consequently I don't consider the resale value when buying a guitar because I seldom resell them. I think that, in my opinion, if you buy a guitar like a 535 /575 / Millie that you've got to be prepared to hold on to it, otherwise you will take a big hit on the resale. Regards ...
Kazwell Posted February 27, 2008 Author Posted February 27, 2008 As I said, I bought it for 1300, put 300 into it. I'd sell it for 1200. What does it cost to ship in the lower 48? 40 or 50 bucks..... Does this seem like a somewhat realistic buy now price for E-Bay?
doggy1972 Posted February 27, 2008 Posted February 27, 2008 I think some brand are an exception to the rule though.Im nuts about Dearmonds but, if you look at the prices I think youll see very little depreciation, if not some increase.Guess the word is getting around. http://tiny.cc/Voz55
tulk1 Posted February 27, 2008 Posted February 27, 2008 Yeah, well I don't know. Getting bored with mine. If I played in a band -loud through an amp, but as a studio piece, don't know how practical it is. Kind of on the fence about selling it. I DID invest about 300 in it, but I left a solder blemish on the back -I know as picky folks are thats at least 200 knocked off. Just bummed Kaz, which one was that? I remember the discussion, but not the guitar. For me, I never buy with the intent to sell. I think each piece is going to be the keeper forever. Turns out, of the 12 guitars I have the only ones I can't see parting with are the '75 LPC, the '95 PRS CE24, the Stambaugh bass, the EJ Strat and the H535. The other's I'd miss, talk about them as the one that got away, and inevitably replace them with something else. Since I have no plans on selling the H535 I'm not even thinking of it's resale value, or how much I'd loose if I did sell it. The H157, I apparently got a real bargain on and could probably recoup my investment, if not make a bit. But when I took the 157 to (forgive me!) GC to see about trading it in on a PRS McKorina they couldn't even agree on how much to offer for the H, so I took it home and put it back in the rack.
Kazwell Posted February 27, 2008 Author Posted February 27, 2008 Kaz, which one was that? I remember the discussion, but not the guitar. Pics here.....it's got Seth Lover's in it w RS electronics upgrade w oil paper caps ( Admin: I realize I am stepping on thin ice by not posting in the "for sale" section, but at this point I am still investigating the possibliity. If and when if goes up for sale, I will post in the appropriate section) http://www.heritageownersclub.com/forums/i...96.html#msg2796
LPSlinger Posted February 27, 2008 Posted February 27, 2008 Oh no, here we go again; fighting another bout of GAS!!! ;D BTW: Beautiful Axe!
yoslate Posted February 27, 2008 Posted February 27, 2008 Kaz: Not a big fan of that finish, but the figure in that top is the note! And knowing you from your posts, I'll bet the upgrade is just right and that the stick is an absolute player. Good luck, whatever you decide to do! If you decide to hang on to it but feel it's not being played enough, I'll pay shipping...to me, and I'll give it plenty of exercise! Keep me posted....
brentrocks Posted February 27, 2008 Posted February 27, 2008 I always buy w/ resale in mind...incase i find something different that i want, and have to sell it to fund the new purchase. Which happens quite a bit w/ me ;D I also believe that used Heritage prices are on the rise and will continue to do so.
brentrocks Posted February 27, 2008 Posted February 27, 2008 Pics here.....it's got Seth Lover's in it w RS electronics upgrade w oil paper caps ( Admin: I realize I am stepping on thin ice by not posting in the "for sale" section, but at this point I am still investigating the possibliity. If and when if goes up for sale, I will post in the appropriate section) http://www.heritageownersclub.com/forums/i...96.html#msg2796 man! that is sweet...i missed that one...it was before i joined...nice score!!!
SouthpawGuy Posted February 27, 2008 Posted February 27, 2008 I always buy w/ resale in mind...incase i find something different that i want, and have to sell it to fund the new purchase. Which happens quite a bit w/ me ;D I also believe that used Heritage prices are on the rise and will continue to do so. Really brentrocks ? Now there's an understatement if ever I heard one !
Kazwell Posted February 27, 2008 Author Posted February 27, 2008 man! that is sweet...i missed that one...it was before i joined...nice score!!! Hey brentrocks!! I was playing it the other day and I think I could hear it calling your name..... I take PayPal ;D
brentrocks Posted February 27, 2008 Posted February 27, 2008 Hey brentrocks!! I was playing it the other day and I think I could hear it calling your name..... I take PayPal ;D you're terrible man!!!
Kazwell Posted February 27, 2008 Author Posted February 27, 2008 Sorry dude,. I need to show more compassion for my guitar addicted bretheren. I have been "sober" for two days now..I am proud to say.
RockingCPA Posted February 29, 2008 Posted February 29, 2008 IMO, resale value is tied a lot to brand name recognition. G****n has it and Heritage doesn't. Honestly, 3 months ago I didn't even know what a Heritage was. Granted I haven't followed guitars very closely for a long time, but it was the YouTube video of Gary Moore playing the Stumble and some guy posting a comment that he was playing a Heritage that got me interested in owning one. Gary put away his REAL '59 LP and started playing the H-150 in its place when the '59 became too valuable to risk taking on the road. You barely see the headstock, so I didn't even pick up on the fact that he wasn't playing a G****n. I think Heritage needs to do a couple of things to increase brand awareness, which will also increase resale value. 1. GIVE some guitars to some young high-profile guys that are hot players, like Avenged Sevenfold, DragonForce. or pop guys like American Rejects (thanks to my 14 year old for turning me on to new rock). I go the Heritage site and hardly recognize any of the artists. They are probably jazz or country players that provide very little exposure to the young guys that will spend every last dime to get a good guitar. All due respect to those guys, but the objective of a business endorsing artists is to get exposure in return. Other than that video of Gary Moore on YouTube, I can't think of a single rock artist playing Heritage, which is a real shame. 2. Spend a few thousand dollars updating the website. The site looks to be about 10 years old. It needs to be updated to the new Web 2 look and try to attract some younger people. An better website will also give the image of a successful company. I have an online store for BMW and Mini Cooper parts and the look of your site has the same affect on the image of the company as the look for a brick and mortar store. The black background, text links down the left side, lack of high-quality pictures of both products and current artists playing Heritage guitars, and lack of organization do NOT give the image of a large successful company. Heritage probably don't have a huge budget for print ads in guitar magazine. $3K to $7k can go a long way to improving their website. I now love my H-150. It's my main guitar (of 16) and I don't feel the need to put it down and pick up my R9 to play the best guitar I own (the R9 IS really special, though). I LOVE, LOVE, LOVE my H-150, but I would never spend $3000 on a guitar that I know the value is going to plummet as soon as it is a used guitar. At about $2000 new, H-150 is perfect. Just my opinion. I only have Heritage's best interest at heart. I hope the company continues to make great guitars for many years to come. Bob
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