General pricing question?

  • mrpike1973
    Posts: 1505
    #1997150

    Hello I have a few rod and reel combos I would like to sell locally. My question is is going half on the price of new acceptable? For instance rod 100 new, reel 50 new sell combo for 75 used That sound fair all? in mint shape non all high end but decent rods.
    Only selling locally and not asking to sell here just getting my ducks in a row. Thanks

    SuperDave1959
    Harrisville, UT
    Posts: 2816
    #1997154

    That’s where I always start and I know my stuff is well maintained.

    fishthumper
    Sartell, MN.
    Posts: 11931
    #1997157

    Half price for good well maintained fishing equipment seems fair to me. That’s about what I would expect to pay. to often I see people trying to see used equipment at near new price’s. Never understood why someone would take the chance for so little savings

    Rodwork
    Farmington, MN
    Posts: 3975
    #1997159

    I feel 50% of new is a good deal for both parties. (depending on the condition)

    mrpike1973
    Posts: 1505
    #1997173

    Sounds good thank you very much all.

    B-man
    Posts: 5817
    #1997279

    I feel 50% of new is a good deal for both parties. (depending on the condition)

    I would agree, maybe bumping up to 60-75% if the gear is mint.

    It’s funny how some people list their stuff at 80-99% of retail….

    I’ve been looking for more Shimano Tekota reels. There’s a handful of used (and not gently) ones listed for $200 a piece….

    They’re $209 new!! Lol

    I did however find a good deal with one person. Two Talora leadcore rods and two 700 Tekota linecounters for $350 (about half of retail)

    Gilgetter
    Posts: 269
    #1997425

    <div class=”d4p-bbt-quote-title”>Rodwork wrote:</div>
    I feel 50% of new is a good deal for both parties. (depending on the condition)

    I would agree, maybe bumping up to 60-75% if the gear is mint.

    It’s funny how some people list their stuff at 80-99% of retail….

    I’ve been looking for more Shimano Tekota reels. There’s a handful of used (and not gently) ones listed for $200 a piece….

    They’re $209 new!! Lol

    I did however find a good deal with one person. Two Talora leadcore rods and two 700 Tekota linecounters for $350 (about half of retail)

    The one thing many people fail to account for is sales tax and shipping. If a guy orders some gear, tries it out and it doesn’t work for them and then they decide to sell it for say 10% less than list price. Seems people will google the gear find the lowest price online, not account for the shipping or tax and try and beat the guy up on the price. If you figure you are saving 10% off of retail, saving 6 1/2 ish % sales tax and shipping for gear that was only used a time or two, I’d say you are doing ok.

    Ralph Wiggum
    Maple Grove, MN
    Posts: 11764
    #1997432

    If you figure you are saving 10% off of retail, saving 6 1/2 ish % sales tax and shipping for gear that was only used a time or two, I’d say you are doing ok.

    I disagree because the buyer is still taking a gamble, and if something goes wrong, the manufacturer isn’t going to help out someone who bought it 2nd hand.

    To each their own, though.

    I feel 50% of new is a good deal for both parties. (depending on the condition)

    I agree with this.

    curleytail
    Posts: 674
    #1997437

    If it’s desirable gear, 50% of new will probably make for a quick sale.

    I’m always surprised what people will pay for used gear too, but it seems to happen. You could always list at say 65% of new and be willing to negotiate. It’s really up to you and how quickly you want to sell it. As long as everything is represented accurately, it’s up to the buyer to decide what they are comfortable paying.

    Gilgetter
    Posts: 269
    #1997440

    <div class=”d4p-bbt-quote-title”>Gilgetter wrote:</div>
    If you figure you are saving 10% off of retail, saving 6 1/2 ish % sales tax and shipping for gear that was only used a time or two, I’d say you are doing ok.

    I disagree because the buyer is still taking a gamble, and if something goes wrong, the manufacturer isn’t going to help out someone who bought it 2nd hand.

    To each their own, though.

    <div class=”d4p-bbt-quote-title”>Rodwork wrote:</div>
    I feel 50% of new is a good deal for both parties. (depending on the condition)

    I agree with this.

    I know of many reputable companies that stand behind warranty on products whether or not you are the original purchaser. The companies that don’t probably aren’t going to stand behind the product even if you bought it new.

    luttes
    Maplewood/WBL
    Posts: 542
    #1997443

    My biggest issue is the “flipping” culture that seems to be so prevalent these days. Buy something on clearance, turn around and nail some sucker for double what you paid for it. If i’m selling gear, I’ve thoughtfully decided the price I am willing to sell it for and if i get a different offer, I sure would like a logical explanation of why they want to haggle. Heck, if i was selling a piece of fishing gear and some guy said, “hey man, it’s for my daughter that i want to get into fishing, would you take x” i’d probably say heck yes and be willing to play ball.

    It’s almost as though I go into any transaction thinking that the price is 10-20% higher than it should and i just adjust my negotiations to reflect that. I blame scalpers, lol.

    Dutchboy
    Central Mn.
    Posts: 16658
    #1997446

    For me I don’t buy other peoples problems. If it’s mechanical I’ll generally buy new because everybody thinks their stuff is worth so much. Non-mechanical i’ll stay at the 50% mark.

    I hate selling stuff. Especially expensive stuff. People are to lazy to get off their a$$ and come look at something prior to making a lowball offer. I’ll price it fairly and hold that price until somebody comes and looks before negotiating.

    He77, I’d rather a guy came over and i filled their truck for free than deal with some people who are just looking to flip stuff.

    mrpike1973
    Posts: 1505
    #1997449

    I sold everything last night got roughly 50% of what I paid I was happy not very high end combos only 3 total. I will say as Dutchboy said what a hassle I should have thrown them in the trash one transaction went great. Grandma buying a xmas gift for a grand kid I sold that one for a lot less. The other two rod sales I think my wife was about to break them and throw them at them. When did you buy it, how old is it, anything wrong with it, why are you selling it can you meet me half way say 80 miles for a $60 combo NO! smash Oh well thanks for all the advice all. I usually give combos out to kids I see but this summer with the restrictions I quit doing it safer for everyone.

    mnfisherman18
    Posts: 378
    #1997455

    I buy and sell lots of used fishing/hunting gear. Deals these days are not as good as they used to be because anyone can immediately google your item and find the lowest on sale price (that is what I do). I think 35%-40% off is very fair on a year or 2 old item, and 50% off for older gear that is well maintained.

    I’ll play the other side of your comments too, Dutch. I have made many successful offers on things without seeing them. For me, I am only interested at that price so there is no point in wasting both of our time if I know I am not willing to pay full price. Also – most people are pricing things high expecting to get negotiated down. Like others have said, why would I buy a used reel for $200 when I can get a new one for $210?

    I’m not sure why people get all offended – if you don’t like getting offers then don’t post on CL/FB market or just ignore them.

    Randy Wieland
    Lebanon. WI
    Posts: 13478
    #1997458

    Seems people will google the gear find the lowest price online, not account for the shipping or tax and try and beat the guy up on the price. If you figure you are saving 10% off of retail, saving 6 1/2 ish % sales tax and shipping for gear that was only used a time or two,

    Used equipment is only worth what someone else is going to pay. I’ve sold off my used equipment on and off for almost 40 years. Stuff that still had tags on it sold cheap because of limited buyers and worthless stuff sold for stupid money.

    As for shipping and tax, has no bearing on value. In today’s world we have vast competition amongst retailers and many broker shipping deals that make it near free or minuscule in cost. Many online retailers don’t collect a tax.

    Also keep in mind sale prices and model changes. This can reduce a new product to 60 or 40% of original price. I can’t tell you how many times I see someone advertise a used item for more than what I see it on sale for. Sounds cold hearted, but if you pay list price and then want to sell it, expect a major loss. The buyer of used goods is very happy to let you eat the difference

    marcolson13
    NULL
    Posts: 128
    #1997459

    I agree that its probably more like 35-40% off, but if you have any Mint TUCR, Thorne Bros, or JT Rods I will gladly take them off your hands for 50% off retail price!

    dirtywater
    Posts: 1542
    #1997497

    I buy almost all my gear used. I’m patient, I don’t usually need it “today” and I set a budget for myself and try to stick to that.

    One major exception is sonar/chart plotters. I’ve bought both my last two sonar units new because people seem completely oblivious when pricing that stuff. Case in point, I just bought a new 93sv UHD w/ GT54. Great deal at $650 out the door with tax. I decided to upgrade electronics in July and it took me ’til November to find the right unit in my budget. Meanwhile, same models are $800 on Craigslist and somebody wants $775 for the previous year’s “+” model. Heck, I see somebody asking $600 for a 73SV. You try making a reasonable offer to some of these guys and they defensive. You just gotta shrug your shoulders and be patient.

    When I’m selling I start at 50-60% of what I paid and I sell my stuff quickly. I’d rather get rid of it and give somebody a fair deal than sit and haggle all day.

    buckybadger
    Upper Midwest
    Posts: 8187
    #1997522

    I will sometimes play ball “flipping” things. I do not purchase stuff on clearance and then try to make money on it though. Rather, I’m flipping my used gear at a fair price towards something newer versus trying to make substantial money or rip someone off. I never get into a situation where I “need” to sell something or “need” to buy something. The emotional attachment to things or poor financial choices back a lot of people into corners.

    I agree completely with the comments about used gear being worth only what someone is willing to pay for it. When people post pictures showing what they paid for it, I get a chuckle. Nobody cares what you paid for it 2 years ago. The market changes for everything especially in an area of the country with so many seasonal items. Don’t sell your boat in November and expect top dollar before your new one arrives in April. Don’t try to unload your 6 year old Vexilar for $50 less than new in the Spring.

    My favorite thing has to be used trucks. I would say 1/10 used trucks listed by a private seller is a fair price worth looking twice at. The guys who put a leveling kit in their 8 year old truck and big tires wants $26k with 145,000 miles. Boats are not far behind. Their used values have absolutely ballooned in the last 6-8 years.

    Pat K
    Empire, MN
    Posts: 888
    #1997529

    Heck, if i was selling a piece of fishing gear and some guy said, “hey man, it’s for my daughter that i want to get into fishing, would you take x” i’d probably say heck yes and be willing to play ball.

    One time when I sold a boat the buyer brought his son & daughter along. They were about 6 and 8. While we haggled over price the 2 kids were walking around in the boat acting as excited as they would be on Christmas morning. Thought that was one of the best negotiating tactics anyone ever used on me!

    mnfisherman18
    Posts: 378
    #1997535

    @BuckyBadger I agree with your comments and many others here. It took me 6 months to find a decent deal on a used truck. I was shocked at how many trucks similar to the one you mention I saw pop up on CL/FB. I cant blame them for trying to get top dollar if someone is willing to pay, but it definitely wasn’t going to be me.

    I also agree the values on used boats snowmobiles have gone up substantially. I never expected either to appreciate over the past 4 or 5 years but they have.

    Dutchboy
    Central Mn.
    Posts: 16658
    #1997570

    As example, if a 18′ wheel boat goes up in price $10,000 in 2 years should the value of a used boat remain what it was 2 years ago or follow the dollar curve up?

    I don’t care what anybody pays for stuff. I only care what it’s worth at the moment I’m looking at it.

    futurepoorperson
    Posts: 150
    #1997618

    Sellers are typically flexible on there price.
    There’s no objective “correct” price, only what someone is willing to pay.
    The highest amount a person is willing to exchange for a product, I’d say most everyone has this amount in there head.
    Some may not be willing to spend a dime on a PlayStation, as others may be willing to pay up to $1,000.

    Gilgetter
    Posts: 269
    #1997639

    @buckybadger I agree with your comments and many others here. It took me 6 months to find a decent deal on a used truck. I was shocked at how many trucks similar to the one you mention I saw pop up on CL/FB. I cant blame them for trying to get top dollar if someone is willing to pay, but it definitely wasn’t going to be me.

    I also agree the values on used boats snowmobiles have gone up substantially. I never expected either to appreciate over the past 4 or 5 years but they have.

    I sold my 2007 boat this summer, sold in a day. I did well on it. I bought a 2020 this fall. I know the dealer well and I feel I was given a deal on the boat to clear it for the 21’s. I wanted a newer used boat and couldn’t find touch one. I only paid slightly more for a new boat than what slot of people were asking for 2 year old boats. I can attest from looking around that there is a shortage of boats,ATV’s and such at the dealers. You can find them but maybe not exactly what you want. I think the same is true for other gear. Fishing and hunting recruited a ton of new people to the sports during this covid mess. I think used gear will increase in price due to the lack of available stuff on store shelves. Good old supply and demand

    mnfisherman18
    Posts: 378
    #1997679

    As example, if a 18′ wheel boat goes up in price $10,000 in 2 years should the value of a used boat remain what it was 2 years ago or follow the dollar curve up?

    I don’t care what anybody pays for stuff. I only care what it’s worth at the moment I’m looking at it.

    I couldn’t agree more. As new prices go up the value of used items goes up with them even when you are accumulating additional miles/hours each year.

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