Why / how do mods hold their resale value ?

[Homedude]

I was genuinely surprised when I started comparing the prices of used mods to new ones... To say that they hold their value is an understatement. I look for used goods to be in the 50-60% of retail range but PV mods seem to be pulling 80% or more of their initial value. Is the supply really that low and the demand that high ? Is their usable lifespan really that long that they don't depreciate ? Please don't take this as a criticism of anyone selling in the classifieds. It's an honest question that I really don't know the answer to.

 

[OldDragon]

For the well known mods, there is very little that can go wrong with them, and a lot of them are not changed very often. So if there is mod/shaped e-cig you want, then buying used is really not a problem. Just pop in new batteries and a new atty and you are set to go.

 

[jamentertainment]

I agree OldDragon...not to mention, when a nice mod is used it has already stood some test of time...

 

[mostlyclassics]

On top of all that, frequently there's a waiting list for some new models. So the used market is the only way to obtain one.

 

[PsychOfMSE]

On top of ALL of that there are mods that are not produced any more and are still very, very good mods. This can raise the value up to the same as you bought it for, if not more!

 

[iamtopher34]

The main reason is people pay! If no one would pay prices would drop

 

[PsychOfMSE]

The main reason is people pay! If no one would pay prices would drop

People will pay what they think an item is worth.

I, for one, love the fact that I can buy a mod and if it doesn't work out for me I don't get taken when I re-sell it.

 

[denali_41]

The main reason is people pay!

these are the type of people used car salesmen absolutely love too see walk onto their lot !!!

week ago i seen a provari in the classy's selling for 3 dollars more then a new one,that was without shipping either

i got a new ipro with 3 sets of new batteries shipped for 110...that was a really good deal there !!!

 

[denali_41]

On top of ALL of that there are mods that are not produced any more and are still very, very good mods. This can raise the value up to the same as you bought it for, if not more!

that only applies to a select few mods,,,,not every one !!!

 

[bnrkwest]

Some have a waiting list and the good ones keep on working so they are in demand. bnrk

 

[ambientech]

I was looking at getting a back up Provari but when they sale for 10 bucks less than I can buy a new one then no thanks. Anyone who pay's more than 70-80% for a used mod in new condition (no major blemishes) or 50-65% for one with a blemish or 2 is not too smart. Sure when something is in high demand and hard to get it will go for more than this and that is understandable but I see many mods like the provari that are easily obtainable go for 90-95% It is a sellers market here in the classifieds because of poor negotiation skills of the buyers. I have found myself browsing the classifieds every now and again just to get a good laugh at what people are paying

 

[Homedude]

If people are paying, you can't blame someone for asking...

I'm one of those people who like 'new' and is willing to pay extra and wait for it. On the other hand, it's nice to know that if I ever need to sell a mod, it should work in my favor.

It really is interesting watching and learning about the e-cig business as it gets a foothold and starts to gather mainstream acceptance. I wonder what 'cheap' mass produced mods like the lava tube will do to the market for handmade devices.

 

[Iffy]

Anyone who pay's more than 70-80% for a used mod in new condition (no major blemishes) or 50-65% for one with a blemish or 2 is not too smart.

I must be one dumb sum........ After buying a new BP on sale from NotCigs, I bought a couple more, like new with extra goodies 'tossed in' off the classies, for 20-30 bux less than the new sale price. Not smart...

 

[Joe944]

For some mods this makes sense, where limited availability or perhaps a rare version applies.

For a regular ProVari I don't see why anyone would pay NEAR the retail price considering they lose the warranty and are almost always in stock.

 

[jacquelyn]

Some people on here are on a fixed income. So a penny save is a penny earned. I agree that some of the prices make no sense to me. I rather pay $10-20 more for a new item. But for others that extra $10-$20 is very much needed.

Plus if someone is willing to pay a higher resale item. Why not especially if you are low on funds

 

[hairball]

Some are handmade and one-of-a-kind. Others aren't available anymore. Vaping just isn't vapin, it's a hobby if you let it become one.

 

[whitetortuga]

If I needed a mod or batteries, I would buy from some of the members here for 70%-80% the retail price. I figure why not? If they are reputable members, who have been here a long time, I'll support them! This forum has a lot to do with being a community; we share things, buy things, sell things. Think of it as a way for supporting someone else by getting what you want and they get what they want!

I don't see anything wrong with it at all.. A lot of these people have helped me out tremendously, and if I see a way to help them out, I'll jump on it.

 

[Homedude]

Whitetortuga, I've typed and deleted a half dozen responses at this point and I can't seem to express my feelings without coming across as condescending or insulting. It is truly not my intent.

I've been a part of many online 'communities' for many years. I've seen people devote countless man-hours and dollars for the good of the community. I've also seen many people taken advantage of in the process. Simply put, I feel that if it truly was in a 'community' spirit, the sale price would be reasonable to begin with. If a respected member is truly in need, the community, and that persons true friends will step up to help them out. I can't drum up any sympathy for someone who is just making room for a new toy in their collection, they're just trying to make a buck and it's me vs. them. There's nothing wrong with that, it's just business.

I hope it's understood that I'm not bashing anyone or this community. I'm one of those people who try to keep friends and business very well separated.

 

[golferman]

A lot of times you buy a mod and give it a try. And a lot of times it is just not what you have hoped for so you then sell it on the classys and don't take to much of a hit if any. I think it is a great process. I have bought at least 10 mods that I have turned around and sold. And if I am down 10% of my total investment I would be surprised. I was able to try these mods out for a week or so and was able to recoup most of my cost. I have tried out different tanks and have yet to find any I really like and have not really lost any money. If I had to buy, try and then sit aside I would really be hurting right now. I have 3 mods now that I have settled on. It was a 6 month trip but I am very happy with what I am using now. It has made it the trip to finding what really satisfieds you really painless.

 

[ambientech]

It is a sellers market here in the classifieds. If all your saving is a few bucks it makes it an unreasonable risk. If your saving 30-50% then it is worth it. Do you guy's not know how to negotiate? Salesman at electronic stores and cars lots love you guy's