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#383145 - 09/22/12 11:02 AM Re: Trade-ups revisited [Re: JohnK]
fredk Offline
axiomite

Registered: 12/06/07
Posts: 7031
Loc: Canada
Originally Posted By: JohnK

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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#383146 - 09/22/12 11:11 AM Re: Trade-ups revisited [Re: fredk]
Ken.C Offline
shareholder in the making

Registered: 05/03/03
Posts: 17739
Loc: NoVA
Originally Posted By: fredk

I would view V1 as having almost no trade in or resale value.

Shutupshutupshutupshutup
_________________________
I didn't do it, no one saw me, you can't prove anything.

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#383147 - 09/22/12 11:31 AM Re: Trade-ups revisited [Re: Ken.C]
fredk Offline
axiomite

Registered: 12/06/07
Posts: 7031
Loc: Canada
Originally Posted By: Ken.C
Originally Posted By: fredk

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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#383334 - 09/26/12 02:56 PM Re: Trade-ups revisited [Re: fredk]
Ian Offline
President
aficionado

Registered: 03/13/01
Posts: 796
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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#383336 - 09/26/12 03:21 PM Re: Trade-ups revisited [Re: Ian]
Ken.C Offline
shareholder in the making

Registered: 05/03/03
Posts: 17739
Loc: NoVA
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 didn't do it, no one saw me, you can't prove anything.

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#383337 - 09/26/12 04:05 PM Re: Trade-ups revisited [Re: Ken.C]
Ian Offline
President
aficionado

Registered: 03/13/01
Posts: 796
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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#383338 - 09/26/12 04:07 PM Re: Trade-ups revisited [Re: Ian]
Ken.C Offline
shareholder in the making

Registered: 05/03/03
Posts: 17739
Loc: NoVA
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 didn't do it, no one saw me, you can't prove anything.

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#383339 - 09/26/12 04:19 PM Re: Trade-ups revisited [Re: Ian]
ClubNeon Offline
connoisseur

Registered: 02/06/09
Posts: 3448
Loc: Western Maryland, USA
The numbers look pretty good to me. I'll probably trade up my V2 QS8s, and VP150 come next spring.
_________________________
Pioneer VSX-1018AH-K, PDP-5020FD, DV-79AVi
Axiom M22s, VP150, QS8s
Sony PS3, surround backs
-Chris

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#383343 - 09/26/12 05:40 PM Re: Trade-ups revisited [Re: Ian]
tomtuttle Offline
axiomite

Registered: 06/20/03
Posts: 8267
Loc: Tacoma
I think that all makes really good sense, Ian. Good luck!
_________________________
bibere usque ad hilaritatem

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#383356 - 09/26/12 08:13 PM Re: Trade-ups revisited [Re: ClubNeon]
fredk Offline
axiomite

Registered: 12/06/07
Posts: 7031
Loc: Canada
Originally Posted By: ClubNeon
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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