The first thing you need to realise is that you will be paying about £600 for this guitar. You will start by buying the cheapest guitar you can buy and add to it in bulk as we shall explain later. A guitar’s true retail value, however, is the price it sells for at any one time. Once again, check to see how much the guitar has sold for so you can calculate the real value of a guitar.
The first thing you should do is see which retailer offers the least expensive guitar. Your first choice is likely to be the guitar repair service, which will generally have a quote around £300 to £400 depending on the condition. If you are concerned that the repair may cost more than £400, this can be dealt with by referring to the “Estimate” page below.
However, if the repair service charges you an unusually high price, you may want to try to sell the guitar through a local guitar buying club or local dealer, as they are usually more in touch with their customers’ demands and less interested in inflated prices. For example, you can sell a guitar from a local guitar club using a low-price quote from them.
If you’re worried about the guitar or think an outrageous quote is the wrong one to use, you can consider selling the guitar on Ebay. Ebay are the world’s largest music and video trading sites, boasting over 2 million different items for sale. A guitar can be bought for as little as £20 and can sell for up to £500, meaning that a very low-price guitar from most specialist guitar shops can sell for as much as £15,000.
Alternatively, you can even try using Ebay’s “Specialist Selling Guide” to find the most suitable deal for your particular guitar.
The best time to sell your guitar is after it has arrived at its new owner, as their bank will typically allow you to recover the balance of the sale before you have to pay the seller. If you are concerned that an inflated price is going to be unacceptable, you can consider using a bank transfer. For more information, see: How to sell your guitar.
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