PMT Online trade in rip off

[edstraker123]

PMT have a seemingly lovely used Spector Euro RST in for £1700 in the Bristol store which I was really interested in. I wanted to trade in a 2 month old Rickenbacker 350V63 Liverpool which is flawless with case etc. which they have for sale on PMT for £3099. I was hoping for a minimum of a straight trade and the assistant said he would speak to the manager and phone me back. They offered £1000 !!!! My LGS had offered £1800 trade in and £1600 cash and they give notoriously bad deals. I'm not sure if the PMT offer was genuine or they just couldn't be bothered even checking a proper value. Anybody tried to do a trade in with them and if so what was your experience ?

 

 

 

 

[Burns-bass]

It’s not great but it’s no surprise.

They would know the value of the bass but they’re not that well known for used items.

 

[Kev]

PMT? Bax? Andertons?  Are there any shops left that haven't hurt you Ed? 

 

General used rate online for the Ric seems to be around the £2k mark, so being offered half its value by a big chain shop, whilst shocking, doesn't sound totally alien to me.  Best just to sell it privately and hopefully pocket a bit of change!

 

Is there a guitar equivalent of the likes of Bassbros?  Will offers really fair prices i've heard, your better bet is trying to sell to someone smaller, and I assume some will buy if its a desirable bit of kit.  But they naturally need to make a decent profit.

[edstraker123]

7 hours ago, Kev said:

PMT? Bax? Andertons?  Are there any shops left that haven't hurt you Ed?

You're not wrong - I need to stop buying stuff I don't need.  I've put the guitar on ebay. I was always under the impression that for a trade in you would get about half the value roughly depending upon desirability and condition . A third is ridiculous for a big name brand as new. The bass listing on the PMT website was a bit rubbish - poor photo and just great condition as a description - maybe in this particular shop they just can't be bothered. I can feel a Trustpilot review coming on....

[binky_bass]

PMT don't have a particularly strong used sales department unlike GuitarGuitar or Andertons. PMT probably don't actually want to take in much used stock and will only do so for a high profit margin or the ability for a quick flip. My advice is not to take offence by low offers, the item is yours to do with as you wish, simply decline their offer and move on. They're under no obligation whatsoever to offer you what you want, it's their business, they can offer you want THEY want to pay and you either accept or decline. 

[Beedster]

54 minutes ago, edstraker123 said:

You're not wrong - I need to stop buying stuff I don't need.  I've put the guitar on ebay. I was always under the impression that for a trade in you would get about half the value roughly depending upon desirability and condition . A third is ridiculous for a big name brand as new. The bass listing on the PMT website was a bit rubbish - poor photo and just great condition as a description - maybe in this particular shop they just can't be bothered. I can feel a Trustpilot review coming on....

 

Bad time of year for business and therefore cashflow, they just don't want money tied up in an instrument that might be hard to sell, the used market is extremely unpredictable at the best of times. There's absolutely no reason for any form of rant on Trustpilot, you asked them the question, they gave you an answer. Let's hope eBay provides a solution 👍