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Re: Trade-ups revisited
JohnK #383145 09/22/12 03:02 PM
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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

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Blujays1: Spending Fred's money one bottle at a time, no two... Oh crap!
Re: Trade-ups revisited
fredk #383146 09/22/12 03:11 PM
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Originally Posted By: fredk

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

Shutupshutupshutupshutup


I am the Doctor, and THIS... is my SPOON!
Re: Trade-ups revisited
Ken.C #383147 09/22/12 03:31 PM
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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

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Blujays1: Spending Fred's money one bottle at a time, no two... Oh crap!
Re: Trade-ups revisited
fredk #383334 09/26/12 06:56 PM
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Ian Offline OP
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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
Re: Trade-ups revisited
Ian #383336 09/26/12 07:21 PM
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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!
Re: Trade-ups revisited
Ken.C #383337 09/26/12 08:05 PM
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Ian Offline OP
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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
Re: Trade-ups revisited
Ian #383338 09/26/12 08:07 PM
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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!
Re: Trade-ups revisited
Ian #383339 09/26/12 08:19 PM
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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
Re: Trade-ups revisited
Ian #383343 09/26/12 09:40 PM
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I think that all makes really good sense, Ian. Good luck!


bibere usque ad hilaritatem
Re: Trade-ups revisited
ClubNeon #383356 09/27/12 12:13 AM
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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

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Blujays1: Spending Fred's money one bottle at a time, no two... Oh crap!
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