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What is fair price for used?

5.8K views 31 replies 25 participants last post by  Metty  
#1 ·
A little bit bored and figured I'd start an argument. LOL.

I know that there are too many things to consider for determining a price on equipment, but what is fair price for used archery equipment. I tend to follow the rule of half of new for older items and 2/3 for newer items. I get that someone may have paid $1000 for a new bow a month ago but to get it second hand without warranties I would say $600-$700. Am I wrong?
 
#3 ·
Many of us cruise through the AT classifieds just to see what is for sale as well as assessing going prices for particular gear. This winter I was looking for a B-stinger microhex 8" stab to try out and googled their typical new cost to have a baseline. A couple came up where the sellers were operating under the assumption that they could get nearly new price for a used stab.....and they didn't sell at that price. I reached out to one of the sellers and he was "firm".....then closed his ad to take it to ebay. Then one came up at a really good price...less than 50% of new....and sold almost immediately. I kept shopping and found one the color I was looking for at about 65% of new price and felt it was worth it to me.

Bow are somewhat the same rule of thumb, but vary in resale value based upon brand, model, age, draw weight, adjustable DL or mods, color and overall condition. For example, a year old Bear, Obsession or Xpedition is going to yield significantly less than a Mathews, Hoyt, PSE, Bowtech or Elite. A heavy or light DW is going to be less appealing than 60-65 for hunting use. Stock strings vs. a good set of aftermarket strings can also add some value. On top of that, shipping has gotten outrageous the past year and that can make or break a deal if the seller wants the buyer to split or fund delivery. Quibling about paypal fees or trying to get a buyer to use F&F is a warning sign, unless you have history with another member and they suggest it.
 
#4 ·
Not archery related, but a lot here know that I like to flyfish.

Recently I saw a used fly rod advertised for sale on a different forum (obviously....). The guy wanted just $25 less than full retail. I sent him a note, politely asking him if he had any negotiating room in his price, as a brand new rod could be bought, with warranty, for only $25 more (online from a reputable shop, shipped and no tax)

His response was "The price is firm. I've only fished it four times. And yes I know my price is close to a new one, but so is my rod."

Okay......

Some guys just don't understand how the used market operates.

Guess who still owns that rod? 😎
 
#5 ·
I've bought and sold spot hogg sights for anywhere from 55-75% of new price.
Hamskea rests can be reliably found in the classifieds for $100-130, new price is $160-200 depending on the model.
I bought 2 2021 bows in the last couple months for $650 (barebow) and $700 (with rest, sight, stabs). $1200MSRP.
Stabilizers seem to sell for 50-60% of new price in the classifieds.
 
#9 ·
I follow the same rule, 50% of new for something that is still made and in good condition. I would pay more for a 1-2 year out bow, and less for a 5-6 year old bow (Percentage).
Ches.
 
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#10 ·
There are also other factors, big name brand bows go for more than the smaller guys, and then there are some "classic bows" like Oneida that seem to hold their value more.
 
#11 ·
A little bit bored and figured I'd start an argument. LOL.

I know that there are too many things to consider for determining a price on equipment, but what is fair price for used archery equipment. I tend to follow the rule of half of new for older items and 2/3 for newer items. I get that someone may have paid $1000 for a new bow a month ago but to get it second hand without warranties I would say $600-$700. Am I wrong?
I wouldn't pay that for any used bow
 
#12 ·
We are our own worst enemies for values, and this site, literally sets the bar for all other values on other venue. Stuff sells cheap here, because we all love to tinker and generally use the $ to fund other projects.

Really stuff should sell for more than it brings, but we let it sell for less, so that makes it worth a lot less. Great if your a buyer, not so much if your the seller, especially with shipping costs.
 
#14 ·
Another thing to consider is if there were any changes to the model years. For example, a lot of manufacturers will go 2 or 3 years without making any real changes, and like it or not, a year old model isn't worth any more than a 3 year old bow if there werent any changes.

Also, like was mentioned, some equipment is highly sought after and hold value better than others.
 
#16 ·
A fair price is what someone is willing to pay. The seller can ask what they want but it's the market that will drive the price. Also it's about the buyer. If you can only scrouge up $800 and that means owning the bow you want or NOT having it then that $200 is very important.

For me if a bow is $1000 new and used it's $800 I'll pass because that $200 isn't really as important as the peace of mind. Now if there's bow that I'm interested in and it's $600 or so I might bite. What puzzles me is when people buy a $1000 bow, sights, quiver, arrows, case and all and then try to sell the whole package for 2K+............that makes no sense to me at all......but I'm very picky about what goes on my bow.
 
#23 ·
If it say Hoyt on it it brings the big bucks. Mathews is a close second. PSE and Elite are about neck and neck. Prime is seriously undervalued and the most bang for the buck. A $1800 new Hoyt (retail) brings about $1200 used first year but a 4 year old one still brings $700. A Mathews new cost the same and the first year is about the same as a Hoyt but 4 years old it brings about $450-500. Why? It's what the market decides. PSE and Elite loose much more the first year by a couple hundred bucks but in 4 years are about the same as Mathews. Primes cost much less new (approximately 12-1300 new flagship) and first year drop to about $700 and free fall from there. It is unfortunate as they are absolutely phenomenal products. The "other" brands tank badly and you will take a bath.

Ultimately, it all has to do with demand and the market. Brand recognition is probably the biggest deal.

Sent from my SM-N975U1 using Tapatalk
 
#24 ·
Elites lose more value quickly than almost all other manufacturers. If you pay for a brand new Elite then in a months time it will have lost 400 in value. The dealers on here that try to sell Elites for almost new prices always give me a good laugh. Rarely will you ever see an Elite sell for over $700.
 
#25 ·
A little bit bored and figured I'd start an argument. LOL.

I know that there are too many things to consider for determining a price on equipment, but what is fair price for used archery equipment. I tend to follow the rule of half of new for older items and 2/3 for newer items. I get that someone may have paid $1000 for a new bow a month ago but to get it second hand without warranties I would say $600-$700. Am I wrong?
I wouldn't even be paying that much for a used bow................ever
 
#26 ·
A lot of good answers here. For me, when it comes to buying, it depends a lot on my life circumstances and level of desperation/how long it's been since the bow I want has been offered. What I want to know is if TYD means the shipping is included in the price. I'm assuming TYD means to your door.
 
#31 ·
A little bit bored and figured I'd start an argument. LOL.

I know that there are too many things to consider for determining a price on equipment, but what is fair price for used archery equipment. I tend to follow the rule of half of new for older items and 2/3 for newer items. I get that someone may have paid $1000 for a new bow a month ago but to get it second hand without warranties I would say $600-$700. Am I wrong?
Look at the price of the bow after the season or when the new models come out. You will generally see huge discounts at stores for last years models. Now for a used bow you should subtract 20% from that discounted price.
example: A current bow sell for $1000 and now discounted to $700 after new models come out. Less 20% for being used leaves you a selling price of $540. It sounds unfair. But that is how the used market works.