Many new devices buy here. I assume that old devices will then be sold accordingly. Whether upgrade or downgrade, it doesn’t matter.
If I were to sell my Nova or Star and the NAP250DR in Germany I notice that it will only work with a loss of over 40%. Since the new prices have always risen, the used device price is around 50% of the current new price.
Is it similar for you and in other countries?
Anything is only worth what people are willing to pay for it.
Naim kit doesn’t do too bad for depreciation and a 50% of the new price is good.
What would you pay for it? I wouldn’t pay much more than 50% for a used piece of electronics myself. If I had to pay much more I’d rather save up and buy new.
Doesn’t it depend on age, amongst other criteria, and of course the total cost involved? Just like buying a car, new costs a premium and for a given budget one can buy better buying used. (But thank goodness enough people do buy new, as otherwise there woudn’t be secondhand kit for those of us who benefit from it!)
Strangely enough, not. All 3 devices have different ages, the price levels are all similar
It’s all down to demand at the time. Buyers always set the price.
On Bangers and Cash a Ford Escort MKII RS2000 sold for £50,000. And needed work doing too!
I’ve sold two Naim boxes for £500 each more than I paid for them.
You could get some data points by looking at ‘buy it now’ prices on eBay UK.
There’s an element of supply and demand here as well, there’s always plenty of Uniti range products available used and their prices tend to be similar.
In the UK an Atom being around £1500 (vs £2499 new) on average and a Nova usually around £3000 (vs £4799 new) give or take a few hundred £ in both cases and partly dictated by age, condition, who is selling it and their seller history and so forth.
You’ll also probably find more availability of specific products due to the 200 and 300 Series and people upgrading, in doing so dealers probably being more reluctant to take on trade in products, knowing that supply is somewhat higher than usual and they could end up sitting on it for longer than they’d like to.
As others have rightly stated already, it’s worth as much as someone is willing to pay for it, prices for used tend to hold better than most for Naim kit but will always centre around an average and usually sell at that price point.
If you have a specific upgrade in mind it’s still worth working with your local dealer to see if a deal can be done, if it’s the cash you’re focused on and liquidating the kit then selling direct to a new owner is the way to go.
Better still is to search for ‘sold’ items as this gives a better trend of what buyers will pay.
Better than eBay is look on HiFi Shark - you can see items for sale, and sold history, across multiple selling platforms.
It depends. If it’s a low-priced equipment say £500 then paying not more than 50% is fine for me. If it’s £10k, I would pay up to 70% if condition is mint.
If you bought new you’ll take a decent loss but that comes with the territory for buying new. Which is why I hang on to my new kit for at least 3 or 4 years so as not to be as bothered by it. Most of the s/h kit I buy is at 50% of retail or less and is less than 2 years old. I’ve made some exceptions over the years but that’s my basic metric for buying s/h. And for many years I was able to sell the kit for what I paid or even more in some cases. Just sold my 250DR for what I paid for it after using it for 2.5 years. I’ll take a loss on my 272 when finally sell it but it’s fairly minor after owning for almost 3 years.
50% of new price is about right. Maybe a bit more if the market is good. Naim kit is at a low currently especially the digital kit. PSUs are still strong. It’s a buyers market right now.
Like others here, I sell at about 50% of retail and buy used (in 9/10 condition) at about 50% of retail. That’s actually pretty good.
I’m also into cycling and bicycles don’t fare so well on the used market. I only bothered selling an unused mountain bike during covid when shortages for new bikes drove up resell prices.
To allow for demos, after care and profit margin I believe there is a 40% mark up to allow dealers to distribute on behalf of Naim ergo the true cost of the product is actually much less.
You can make great savings buying used but you have limited support if any issues.
Ex dem and buying used (trade ins) from a dealer to get support is sensible strategy versus buying new.
Naim will service and fix old boxes so some peace of mind if any issues but the pricing of this has got pretty expensive in recent years.
The thread title is a misnomer: you don’t lose anything financially on sale of equipment, you gain. Your financial loss was when buying in the first place: Hifi gear is not an investment product but a consumer product, and if/when you sell you have had a period of use of the equipment which hopefully you enjoyed (if you didn’t, then that is another subject!). The difference between original purchase price, adjusted for inflation if you wish to consider current value, and sale price today is simply the cost of your ownership/enjoyment. Or from a different angle, at the time of purchase most people think of the cost of future enjoyment as being the total cost of purchase minus, if applicable, something else they are upgrading from if they sell it at about the same time.
In the UK there’s 20% sales tax when you buy new. So that affects used prices too.
Buying pre-loved is a way around this problem…
Even pre-hated, should that happen!
I’ve generally found the longer I hang on to a particular piece of Naim kit the closer to the original price I get when I sell it. There is a floor level on most pieces of Naim kit once it reaches a certain age.