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Factory Refurbished Devalue

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T.R.
Posted 2015-10-01 9:23 AM (#515724)
Subject: Factory Refurbished Devalue



Joined:
May 2015
Posts: 186

Location: Glendora, CA

Hey All,

 

I have come across one of those USA Ovations with a FRS.  It apears its a cosmetic blemish as the guitar seems to have no structural issues, and from what I have read here it seems the Mothership didn't release guitars that had not met its standards.

Any insight to how much this devalues the guitar? Like does a $500 guitar become a $400?  Generally do they maintain resale value or are they frowned apon?

 

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T.R.
Posted 2015-10-01 1:29 PM (#515729 - in reply to #515724)
Subject: Re: Factory Refurbished Devalue



Joined:
May 2015
Posts: 186

Location: Glendora, CA
Ok so I get all the issues covered in this thread...

http://www.ovationfanclub.com/megabbs/forums/thread-view.asp?tid=23...

but my question still is what sort of % is a devalue of loss of a lifetime warranty.
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Old Man Arthur
Posted 2015-10-01 2:15 PM (#515731 - in reply to #515724)
Subject: Re: Factory Refurbished Devalue



Joined:
September 2006
Posts: 10777

Location: Keepin' It Weird in Portland, OR
Think of it as a Used guitar.
Back in the Day, new Factory Refurbished Guitars would come with a 5 year warranty.
FRG meant that it didn't pass inspection for some reason, so it was sent back to fix the problem.

This is not to be confused with all of those "USED" guitars on eBay.
Those failed inspection, but were sold as-is by the container-load.

Also... Many Ovations were labeled FRG with No Defects to be sold at a lower price.

As to the Lifetime Warranty...
Technically that doesn't cover normal wear, you breaking the guitar, or electronics.
So if the guitar is in good shape when you buy it a warranty is pretty meaningless.
Also that Lifetime Warranty only applies to the original owner.
I don't know if Ovation Repair is doing freebie warranty repair nowadays anyway.

And if you return a Asian Ovation under their 5-year warranty, I think that they just give you another guitar.
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T.R.
Posted 2015-10-01 3:48 PM (#515733 - in reply to #515724)
Subject: Re: Factory Refurbished Devalue



Joined:
May 2015
Posts: 186

Location: Glendora, CA
Old man Arthur thank you so much for taking the time to explain this! That makes a lot of sense. So really like almost all US ovations the market value is dictated by the average price people buy these guitars for these days.

The "used" or defective guitars were always stamped on the back of the headstock - I am correct that was that the only indicator?
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d'ovation
Posted 2015-10-01 4:19 PM (#515735 - in reply to #515724)
Subject: Re: Factory Refurbished Devalue


Joined:
December 2003
Posts: 852

Location: Canada
I think if there is a "used" stamp on the headstock this indicates that the instrument was from MIRC (Musical Instrument Reclamation Corporation) and should also have a new serial number glued over the original. This does not necessarily indicate a serious problem but could also reflect a visual blemish, or be simple "overstock" where they had move things out of the warehouse. MIRC inspects these guitars and does repairs and setup, and from what I have read on the interweb these can be great quality bargains, though I think warranty would be one year max or none. As they are sold significantly cheaper already at the dealer level, the resale value of used "used" guitars would drop accordingly.

http://www.mircweb.com/
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AstroDan
Posted 2015-10-05 11:39 AM (#515834 - in reply to #515724)
Subject: Re: Factory Refurbished Devalue


Joined:
March 2010
Posts: 486

Location: Suisun City, Ca
I believe my 2007C is a FRC. There are no marks anywhere, and I can't figure out what was "wrong" with the guitar. Seems perfect to me.
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Geostorm98
Posted 2015-10-05 12:21 PM (#515835 - in reply to #515724)
Subject: Re: Factory Refurbished Devalue



Joined:
September 2011
Posts: 402

Location: New Hartford CT
My Millenium is an FRG...factory reconditioned guitar. I bought it at the factory in 2000 after it came back from Japan (Nakau) for a supposed defect in the top. We never did find a defect anywhere on the guitar. It was given a once-over, the FRG label was applied inside the bowl near the neck joint and they let me buy it for $800 only because I was a long time subcontractor who knew the right people. Even still, when I was play testing the guitar somewhere deep within the bowels of the old factory, one of the new principals came along demanding to know who I was and why was I being allowed to buy a guitar at the factory.

My Dad's old friend Everett, who was releasing the guitar to me, told this guy to 'Get the f&*$ out of here'

The guy left. Don't mess with Everett.
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