Whether you are upgrading to a newer model or a different type of guitar, or you want to donate money to a charity, the thought of selling your used guitar must have crossed your mind at some point or another. So, how much can you really sell your used guitar for?
Depending on its condition, you can sell your used guitar 15-30% cheaper than its brand-new version. This price mark is not a rule set in stone, and you may get an entirely different price for your guitar. The prive variation depends on several other factors such as, the condition, brand, model, design, and sound quality of your guitar.
As you read along further, in this article, we will discuss some key factors that contribute to the price of a guitar when you’re selling it, some tips and tricks to help you sell your used guitar quickly, and some famous guitar brands that have high demand even in used conditions.
Want to see the latest guitar accessories that are popular right now? Just click here!
5 Factors That Contribute to Guitar Resale Price
As with every used item up for sale in the market, there are several factors that contribute to the pricing of your used guitar. First and foremost is the condition of your guitar, followed by the brand, material used, type of guitar, and the guitar model.
Let’s look at the factors mentioned above in a bit more detail.
1. The Condition of Your Guitar
Many people consider the most crucial factor when it comes to a used guitar, but the condition of your used guitar does contribute highly to the price you get for it when you decide to sell it off.
A guitar in pristine condition will typically go for a higher price as compared to the same guitar in a beaten-up state. A neat and clean guitar also indicates that it has been handled with care and regularly maintained, which in turn increases the buyers’ trust in you, ultimately increasing your chances of getting a higher price for your used guitar.
2. Guitar Brand
Guitars have been around the world for a long time, and many brands have established a significant amount of trust and built a solid and loyal customer base. Brands like Fender, Epiphone, Gibson, and Paul Reed Smith PRS are famous among guitar brands.
Your used guitar brand will matter a lot when you are selling off your guitar, as most people who are even remotely oriented with music, especially guitars, will lean towards these brands.
Their inclement is such that they will be willing to pay a higher amount just to get a famous branded guitar. Rightfully so. They sound and play much better!
3. Build Quality and Used Gear
A factor that is considered by a lot of people, especially those who are in the market for used guitars, is the build quality of the guitar and the material used to manufacture it.
The build quality adds to the longevity of a guitar; chances are that a person who is in the market for a used guitar is probably on a budget and will be looking to buy something that lasts them a decent amount of time.
Guitarists on the more experienced side also pay close attention to the materials used in the manufacture of your guitar. They will note the fretboard wood and buy one that suits them even if it costs them more.
4. Guitar Model
Now the guitar model is a factor that will be highly significant to some buyers while it will hold little to no significance among others.
If you own a guitar that is a collector’s item, for example, a 1960’s Gibson Les Paul, and you put it up for sale, guitar collectors from around the world will offer to pay high amounts of money to obtain the classic guitar.
However, a beginner guitarist in the market for a used guitar with little knowledge about the matter will be unbothered by the model of the guitar and will most likely go for cheaper options.
5. Guitar Type and Shape
If you own a famous guitar type or shape, you will most likely get a very good price off of selling it, as higher demands mean higher prices, simple economics!
Tips To Sell Your Guitar
If you want to sell your used guitar for a fair and reasonable price, there are a few things you need to keep in mind.
Firstly, keep your guitar in mint condition so that when you decide to sell it off, your guitar sets a good impression in front of customers. Remember, impressions last!
Secondly, use websites like eBay and guitar center to first research and set your guitar price in accordance with the market rates so that you can quickly sell your guitar for a reasonable price.
Thirdly, make sure to maintain your guitar regularly. Clean your guitar regularly while it is in use to preserve its aesthetics and look to make it look as new as possible, which will attract more buyers and increase the chances of you getting a reasonable price for your used guitar if you sell it.
How does the seller hub enhance the experience of selling guitars online in the guitar marketplace?
Thanks to the seller hub, selling guitars online has never been easier. With its suite of powerful tools, the hub offers unparalleled convenience and customization when it comes to overseeing your online sales efforts in the guitar marketplace. From real-time inventory tracking to detailed performance metrics, the seller hub provides a wealth of insights that can help you efficiently manage your listings, track how your items are performing, and refine your approach over time. Whether you’re a seasoned guitar enthusiast or just getting started, the seller hub can help you get the most out of your online selling experience and pave the way for long-term success in the guitar marketplace.
What are the current trends and challenges in guitar sales within the online guitar-marketplace?
Guitar sales have seen a spike in recent years with the rise of online marketplaces. However, with so many options available, it can be a challenge for buyers to navigate through the sea of products and sellers. One notable trend in online guitar sales is the popularity of vintage and specialized guitars. Consumers are willing to pay a premium for unique and high-quality instruments. On the other hand, the challenge lies in combating counterfeit products that flood the market. It’s crucial for both buyers and sellers to do their due diligence and ensure that the guitars are authentic. Overall, the online guitar marketplace provides a convenient and accessible way for buyers to explore and purchase guitars but also demands caution and careful consideration.
We understand how challenging selling your guitar can be, but if, for some reason, you do decide to sell it off, knowing the ins and outs of the trade will help you sell your instrument quickly and will save you from scams.