Why not more dealers take trade ins?


Our hobby is definitely an amazing hobby! I know some of us would like to demo or probably purchase new gear but with the economic uncertainty this days, it could be a challenge. I know many audio sites represent a great outlet to save some hard earned$$. I want to help my dealer when I can because they also have employees and payroll responsibilities. My question is, why not more dealers accept trade ins? Wouldn’t that be a win win situation for dealers and audio enthusiasts/Audiophiles? 
128x128analoguefan

Showing 2 responses by twoleftears

They have to test it, store it, provide a minimal warranty, have someone market it, have it sitting around for months, etc. etc. all the while competing with all the internet venues.

Sounds like a great business plan to me.

Why should dealers take trade-ins?

How many buyers are first-time, and how many upgrading?

I bet it's 1:4 or higher.  Most of the upgraders will no longer have use for some component or other, and a good percentage of them don't want to hack the usual internet channels, and are prepared to get less for their stuff for the convenience factor.

Hence: for a significant % of buyers, taking trades is a significant incentive to do business with that dealer.