Re: Trade-ups revisited
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Joined: Dec 2007
Posts: 7,786
axiomite
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axiomite
Joined: Dec 2007
Posts: 7,786 |
The numbers might need some adjustment after experiencing the program in operation, but I'd think that a refurb discount averaging about 30% with an allowance to the owner doing the trade-up averaging about 50% should work well and make a complete program when added to the 10% Factory Outlet and 5% five item allowances.
Call me a cheap bugger, but I would be looking at $50% off new as a starting point, + a bit of a premium for the warranty, maybe 10%. Do you differentiate between something less than a year old and something 4 years old? How about V1 vs V2 vs V3? I would view V1 as having almost no trade in or resale value. Thinking more, 30% off on a pair of V3 speakers not more than a year old with the balance of the warranty would feel like a good deal to me. Just random thoughts...
Fred
------- Blujays1: Spending Fred's money one bottle at a time, no two... Oh crap!
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Re: Trade-ups revisited
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Joined: May 2003
Posts: 18,044
shareholder in the making
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shareholder in the making
Joined: May 2003
Posts: 18,044 |
I would view V1 as having almost no trade in or resale value.
Shutupshutupshutupshutup
I am the Doctor, and THIS... is my SPOON!
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Re: Trade-ups revisited
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Joined: Dec 2007
Posts: 7,786
axiomite
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axiomite
Joined: Dec 2007
Posts: 7,786 |
I would view V1 as having almost no trade in or resale value.
Shutupshutupshutupshutup Now, the [not] Grover special edition autographed V1 version? That's a whole other story.
Fred
------- Blujays1: Spending Fred's money one bottle at a time, no two... Oh crap!
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Re: Trade-ups revisited
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Joined: Mar 2001
Posts: 1,387 Likes: 8
President connoisseur
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OP
President connoisseur
Joined: Mar 2001
Posts: 1,387 Likes: 8 |
I have been playing around with some numbers. For the trade-in side of our Upgrade Pilot Program I am looking at starting with the original purchase price and then using a reducing percentage for the trade-in value based on age and version. What I have come up with so far is the following on the trade-in side for v3: 1. First month 100% of purchase price 2. Second month 90% of purchase price 3. Third month 89% of purchase price declining 1% per month thereafter 4. Trade-ins would only be available to the original purchaser 5. The trade-in must be for a higher model in A-stock only 6. The product must be returned in its original pack (we have pack available to purchase if needed) 7. The cost of the shipping back is not included but our favourably priced prepaid shipping labels can be used
For v2 and earlier series products being traded-in I am looking at the following: 1. 55% of the original purchase price for product purchased in 2010 2. 50% of the original purchase price for product purchased in 2009 and reducing 5% per year thereafter (2008 = 45%, 2007 = 40%, and so forth) 3. Trade-ins would only be available to the original purchaser 4. The trade-in must be for a higher or the same model in v3 A-stock only 5. The product must be returned in its original pack (we have pack available to purchase if needed) 6. The cost of the shipping back is not included but our favourably priced prepaid shipping labels can be used
I am still pondering how to deal with the condition of the trade-in. All of the above assumes the product is in excellent or at least very good condition. Some sort of percentage less for minor blemishes and another for really rough around the edges could be incorporated. We will create a web page that works out your percentage of trade-in value from your original purchase price by putting in the particulars about your product.
On the Refurb Store side all products sold in the Refurb Store will include the shipping, just like our new products, and will come with a 3 year warranty.
I would love to have your thoughts on all this.
Ian Colquhoun President & Chief Engineer
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Re: Trade-ups revisited
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Joined: May 2003
Posts: 18,044
shareholder in the making
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shareholder in the making
Joined: May 2003
Posts: 18,044 |
I personally find the higher model requirement a little painful, but I understand why you're doing it. Looks pretty good to me aside from that.
I am the Doctor, and THIS... is my SPOON!
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Re: Trade-ups revisited
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Joined: Mar 2001
Posts: 1,387 Likes: 8
President connoisseur
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OP
President connoisseur
Joined: Mar 2001
Posts: 1,387 Likes: 8 |
The higher model requirement is only when going from v3 to v3. If it is any other version, say v2 to v3, then it can be be the same model or higher.
Ian Colquhoun President & Chief Engineer
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Re: Trade-ups revisited
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Joined: May 2003
Posts: 18,044
shareholder in the making
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shareholder in the making
Joined: May 2003
Posts: 18,044 |
Not quite what I was getting at. It would be nice to be able to trade a older model tower for a bookshelf, or an extra pair of something for surrounds. But I understand why that wouldn't be to Axiom's advantage.
I am the Doctor, and THIS... is my SPOON!
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Re: Trade-ups revisited
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Joined: Feb 2009
Posts: 3,466
connoisseur
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connoisseur
Joined: Feb 2009
Posts: 3,466 |
The numbers look pretty good to me. I'll probably trade up my V2 QS8s, and VP150 come next spring.
Pioneer PDP-5020FD, Marantz SR6011 Axiom M5HP, VP160HP, QS8 Sony PS4, surround backs -Chris
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Re: Trade-ups revisited
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Joined: Jun 2003
Posts: 8,488
axiomite
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axiomite
Joined: Jun 2003
Posts: 8,488 |
I think that all makes really good sense, Ian. Good luck!
bibere usque ad hilaritatem
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Re: Trade-ups revisited
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Joined: Dec 2007
Posts: 7,786
axiomite
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axiomite
Joined: Dec 2007
Posts: 7,786 |
The numbers look pretty good to me... agreed If I wanted to trade up my 2008 V2 M80s I would get 45% I think I would be doing well if I could do that on a private sale.
Fred
------- Blujays1: Spending Fred's money one bottle at a time, no two... Oh crap!
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