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Author Topic: Would you buy a used radio priced at 14% less than the same radio new?  (Read 6648 times)
K5TED
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Posts: 747




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« on: October 21, 2013, 07:36:02 PM »

A typical new car depreciates 15% to 20% as it drives off the lot.




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K8AXW
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« Reply #1 on: October 21, 2013, 08:59:16 PM »

Probably not.

If the radio costs $10,000, the 14% savings would be substantial.  However, if I could afford to plunk down 10 grand for a radio, I wouldn't be concerned about saving money.

If the radio cost $2,000 the 14% savings isn't all that great and the new radio warranty would be worth the savings.

It is assumed that the used radio is in mint condition and isn't old enough to have a beard.
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WB2EOD
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« Reply #2 on: October 21, 2013, 09:01:01 PM »

There is no correlation between the depreciation curves of an automobile and a ham rig.  

To answer your question, it would depend upon the age and condition of the used radio as well as my impression regarding the integrity of the seller.  
Just on the numbers, 14% would not be sufficient savings versus the same radio, new from a reputable dealer.

73
WB2EOD
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K7RNO
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Posts: 279




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« Reply #3 on: October 21, 2013, 09:25:45 PM »

Not sure (yet) whether this applies to ham gear, but my rule of thumb is that a current and used commodity item in excellent condition should sell at ~25% below new price. That is how I buy and sell gear of any kind.
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73,
aRNO
NAQCC #6870, SKCC #11131
AG6WT
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Posts: 457




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« Reply #4 on: October 21, 2013, 11:01:29 PM »

I would if it was a "like new" item and it was sold person to person, avoiding sales tax. In CA tax is about 10% so that's about a 25% savings.
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W4KYR
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Posts: 574




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« Reply #5 on: October 22, 2013, 07:58:24 AM »

 
Quote
Would you buy a used radio priced at 14% less than the same radio new?


Sure, why not?  Especially if it was an open box special and came with the warranty. That hypothetical $1000 rig would be $860.  $1000 - 14% ($140) = $860


Now generally speaking, would I buy used over new without a warranty? Yes if the radio has a good to great track record and the seller has a good track record as well. For instance, I have seen the Icom 718 (with the DSP) selling on E-Bay $500 to $550 used. The radio is selling $672 new at Gigaparts. For someone just getting on the HF bands, a used 718 (with DSP) would be a good deal. 672-550 = 122  Which would be 18%


And then on the other side of the coin, there are radios that were closed out at $400 in the mid 2000's that are now selling over $600+  like the IC-703 and the SGC - 2020. Which comes out to a 50% increase.

Which brings up this question, if these radios were such hot sellers and now command a higher price than when they were discontinued...why were they discontinued? I guess..., that is...., for another topic....


And if anyone wants to play with percentages check out mathisfun.com look for the percentage calculator....

.
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G3RZP
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« Reply #6 on: October 22, 2013, 12:09:12 PM »

I believe that a mint Collins KW1won't have lost that much value in real terms - if you can find one. Most other rigs - except wartime spy sets - have lost. A wartime spy set you could buy for about £7.00 in 1947 will now fetch - in good condition - well over £2,000. More than inflation...
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W4KYR
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« Reply #7 on: October 22, 2013, 02:50:58 PM »

I believe that a mint Collins KW1won't have lost that much value in real terms - if you can find one. Most other rigs - except wartime spy sets - have lost. A wartime spy set you could buy for about £7.00 in 1947 will now fetch - in good condition - well over £2,000. More than inflation...

Here are two more. The Ameco AC-1 Two band 80/40 meter CW transmitter sold for $14.95 in 1965, today these sell for $200+ on E-Bay. Another one, the Icom IC-375 220 mhz multimode sells today around $1500 if they show up on the auction sites. I think it sold for less than half that back in the day.

I definitely understand classic and rare used rigs commanding a high price. Especially if one can find a unbuilt Heathkit rig. Some of these can go for several times their original asking price, sometimes into the high hundreds or into the thousands.

Not sure why the $400 closeouts from just 10 years ago are selling 50% more. Unless there is a current gap in the market that make these radios desirable and perhaps that would fuel a 50% increase in value. Maybe the manufacturers need to take another look at that market and fill that gap.

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KJ6ZOL
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Posts: 387




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« Reply #8 on: October 24, 2013, 02:55:20 PM »

I believe that a mint Collins KW1won't have lost that much value in real terms - if you can find one. Most other rigs - except wartime spy sets - have lost. A wartime spy set you could buy for about £7.00 in 1947 will now fetch - in good condition - well over £2,000. More than inflation...

Here are two more. The Ameco AC-1 Two band 80/40 meter CW transmitter sold for $14.95 in 1965, today these sell for $200+ on E-Bay. Another one, the Icom IC-375 220 mhz multimode sells today around $1500 if they show up on the auction sites. I think it sold for less than half that back in the day.

I definitely understand classic and rare used rigs commanding a high price. Especially if one can find a unbuilt Heathkit rig. Some of these can go for several times their original asking price, sometimes into the high hundreds or into the thousands.

Not sure why the $400 closeouts from just 10 years ago are selling 50% more. Unless there is a current gap in the market that make these radios desirable and perhaps that would fuel a 50% increase in value. Maybe the manufacturers need to take another look at that market and fill that gap.



A lot of tube rigs seem to be commanding high prices. Used to be, if you had an old Heathkit HW/SB tube rig that didn't work, you couldn't unload it unless somebody was willing to pay you $30 for it out of pity. Today those go for 10x as much. Collins gear also goes for a lot. I noticed that Icom IC-735 rigs tend to be snapped up fast, although pricewise they're usually around $300.
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W5LZ
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Posts: 477




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« Reply #9 on: October 25, 2013, 06:24:31 PM »

Supply and demand.  Greed.  It's about that simple.  Some good reasons were listed for buying that 14% discounted 'used' radio.  But unfortunately, that doesn't apply very often with 'eBay'.  It depends to a great extent on the seller.  There are one or two that I would have no qualms about buying from on eBay, but I'm afraid the rest can 'go fish', which is the nicest way I can put it...
 - Paul
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G3RZP
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« Reply #10 on: October 26, 2013, 11:58:05 AM »

'5LZ.

Remember Phineas T. Barnum? 

Also, 'if it seems to good to be true, it probably is'.

I'm with you, Paul.
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K8AXW
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« Reply #11 on: October 26, 2013, 05:22:26 PM »

The further this thread went, the further it went off subject.
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K9AIM
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Posts: 1080




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« Reply #12 on: October 31, 2013, 12:47:25 PM »

not me.  the beauty of buying it new would be you would know it never got abuse and your warranty would be a direct line.  to me, zero mileage is worth more than 14%.

as far as it being more money the higher the sticker price -- if I can afford cost minus 14% I can afford cost.

my two cents
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M6YDB
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Posts: 47




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« Reply #13 on: November 01, 2013, 01:21:26 PM »

Yes and I have.  2 months old, all baggies with mic, leads etc unopened and a 12 month warranty.

May as well save 14%!!
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KA5IPF
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« Reply #14 on: November 01, 2013, 03:53:46 PM »

Yes and I have.  2 months old, all baggies with mic, leads etc unopened and a 12 month warranty.

May as well save 14%!!

Careful, the Kenwood warranty is to the original purchaser ONLY, not transferable. I don't know but I believe Icom and Yaesu are the same.
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