smcapstick
Member
- Location
- Kirkby Lonsdale
In addition to that, trade-ins are a pain in everyone's ass but often a necessary evil.
I rarely took them until recently, as a lot of my stock was too low a value to allow the underwriting of something else. Now, I always offer a fair trade price and explain that the P/X must be below market value as checking it and selling it requires time and money. I am not in business to take things I may only break even, or worse, lose on. I have overheads - I can't do things for free. A trade-in is NOT money. It's work and a financial liability until it sells. Nearly all understand that.
The ones that don't, however, get argumentative and always rhyme off the same thing - 'It's worth X all day long'. If so, sell it yourself - easily - then come back with the money you made and we'll go from there. I have never, ever heard back off any of those people, though, and a don't lose a wink of sleep thinking about it.
I rarely took them until recently, as a lot of my stock was too low a value to allow the underwriting of something else. Now, I always offer a fair trade price and explain that the P/X must be below market value as checking it and selling it requires time and money. I am not in business to take things I may only break even, or worse, lose on. I have overheads - I can't do things for free. A trade-in is NOT money. It's work and a financial liability until it sells. Nearly all understand that.
The ones that don't, however, get argumentative and always rhyme off the same thing - 'It's worth X all day long'. If so, sell it yourself - easily - then come back with the money you made and we'll go from there. I have never, ever heard back off any of those people, though, and a don't lose a wink of sleep thinking about it.