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#1952372 - 08/31/12 11:45 PM Trade in value
Mark... Offline
4000 Post Club Member

Registered: 11/27/06
Posts: 4458
Loc: Jersey Shore
After trying unsuccessful to sell my grand piano. Plus I really don't want to deal with buyers and con men. smile I was wondering what the trade in value would be on another grand of equal or more value.

Any ballpark percent I should expect? I know I'm going to take a hit, but if its not too bad I might be able to go shopping.

Thanks

My wife it going to kill me...


Edited by Mark... (08/31/12 11:45 PM)

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#1952380 - 09/01/12 12:06 AM Re: Trade in value [Re: Mark...]
jawhitti Offline
Full Member

Registered: 08/01/12
Posts: 235

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#1952390 - 09/01/12 01:00 AM Re: Trade in value [Re: Mark...]
beethoven986 Offline
3000 Post Club Member

Registered: 01/20/09
Posts: 3489
It depends on what you have, and what condition it's in.

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#1952481 - 09/01/12 08:38 AM Re: Trade in value [Re: Mark...]
Piano*Dad Offline
Yikes! 10000 Post Club Member

Registered: 04/12/05
Posts: 10761
Loc: Williamsburg, VA
A basic rule of thumb is that a dealer will not give you more than 50% of what the dealer thinks he can sell the piano for in fairly short order. And that rule does not mean the dealer is a con man. smile
_________________________
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#1952491 - 09/01/12 09:20 AM Re: Trade in value [Re: jawhitti]
Mark... Offline
4000 Post Club Member

Registered: 11/27/06
Posts: 4458
Loc: Jersey Shore
Originally Posted By: jawhitti


That would give me more of a retail selling value vs a lower trade in value.

Thanks though...

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#1952492 - 09/01/12 09:21 AM Re: Trade in value [Re: Piano*Dad]
Mark... Offline
4000 Post Club Member

Registered: 11/27/06
Posts: 4458
Loc: Jersey Shore
Originally Posted By: Piano*Dad
A basic rule of thumb is that a dealer will not give you more than 50% of what the dealer thinks he can sell the piano for in fairly short order. And that rule does not mean the dealer is a con man. smile


That would be too big a loss to go in that direction....thanks

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#1952505 - 09/01/12 10:28 AM Re: Trade in value [Re: Mark...]
Carey Offline
7000 Post Club Member

Registered: 05/13/05
Posts: 7870
Loc: Phoenix, Arizona
You could find a dealer who is willing to sell your piano on consignment - assuming you also purchase the new piano from their store. Means you would need to shell out $$ for the new instrument up front - and hope that you can get close to the asking price on the old one. It is a bit risky and potentially drawn out process - but it is still an option.
_________________________
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YouTube channel - http://www.youtube.com/user/pianophilo

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#1952507 - 09/01/12 10:38 AM Re: Trade in value [Re: Mark...]
Rickster Offline
Yikes! 10000 Post Club Member

Registered: 03/25/06
Posts: 10757
Loc: Georgia, USA
Originally Posted By: Piano*Dad
A basic rule of thumb is that a dealer will not give you more than 50% of what the dealer thinks he can sell the piano for in fairly short order. And that rule does not mean the dealer is a con man. smile

Piano*Dad is right... when I was looking to upgrade I was very disappointed at the trade-in offers I got, compared to what I paid, private sale. One dealer offered a consignment deal, if I pay the moving expense.

It's sad to say, and seems unfair, but if you do not want to loose in any way, you will be better off to just keep your piano. Selling or trading is a loosing proposition, unless you got your piano a low cost to start with. Of course, that is usually the price you pay if you want a better piano…

Good luck!

Rick
_________________________
Piano enthusiast and amateur musician: "Treat others the way you would like to be treated". Yamaha C7. YouTube Channel

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#1952576 - 09/01/12 01:19 PM Re: Trade in value [Re: Carey]
PianoWorksATL Offline
3000 Post Club Member

Registered: 09/19/09
Posts: 3247
Loc: Atlanta, GA
Originally Posted By: carey
You could find a dealer who is willing to sell your piano on consignment - assuming you also purchase the new piano from their store. Means you would need to shell out $$ for the new instrument up front - and hope that you can get close to the asking price on the old one. It is a bit risky and potentially drawn out process - but it is still an option.
This is a good option for max value if you can swing it. I've even offered customers a discounted commission on the consignment sale so long as the sales are tied. I know the consignment experience can vary as widely as dealer experiences, but it is worth exploring.
_________________________
Sam Bennett
PianoWorks - Atlanta Piano Dealer
Bösendorfer, Estonia, Seiler, Grotrian, Hailun
Pre-Owned: Yamaha, Kawai, Steinway & other fine pianos
Full Restoration Shop
www.PianoWorks.com
www.youtube.com/PianoWorksAtlanta

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#1952593 - 09/01/12 01:42 PM Re: Trade in value [Re: PianoWorksATL]
pianoloverus Offline
Yikes! 10000 Post Club Member

Registered: 05/29/01
Posts: 21721
Loc: New York City
Originally Posted By: PianoWorksATL
Originally Posted By: carey
You could find a dealer who is willing to sell your piano on consignment - assuming you also purchase the new piano from their store. Means you would need to shell out $$ for the new instrument up front - and hope that you can get close to the asking price on the old one. It is a bit risky and potentially drawn out process - but it is still an option.
This is a good option for max value if you can swing it. I've even offered customers a discounted commission on the consignment sale so long as the sales are tied. I know the consignment experience can vary as widely as dealer experiences, but it is worth exploring.
I thought some dealers take pianos on consignment without any need to purchase a piano from them?

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#1952614 - 09/01/12 02:31 PM Re: Trade in value [Re: pianoloverus]
PianoWorksATL Offline
3000 Post Club Member

Registered: 09/19/09
Posts: 3247
Loc: Atlanta, GA
Originally Posted By: pianoloverus
I thought some dealers take pianos on consignment without any need to purchase a piano from them?
Oh we do at preset splits. If the trade is extremely difficult to accommodate (like downsizing or sideways trade) then we may add incentive to consign by modifying the split. It's not common, but it would be an offer I would make.
_________________________
Sam Bennett
PianoWorks - Atlanta Piano Dealer
Bösendorfer, Estonia, Seiler, Grotrian, Hailun
Pre-Owned: Yamaha, Kawai, Steinway & other fine pianos
Full Restoration Shop
www.PianoWorks.com
www.youtube.com/PianoWorksAtlanta

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