Brexit and guitars - buy now if you can!

Thinking of buying a guitar? It may be prudent not to delay

Whatever your standpoint on the In / Out argument over Britain's membership of the EU, two things are happening, Sterling has weakened and other currencies have not, causing UK citizens' buying power to decrease.

When Brexit was announced, we should have immediately started to talk whilst at the same time started drawing up the deal we wanted. It needed business people to do this
 
In 2015, the Dollar started to gain ground against Sterling, the world is geared  to the Dollar price for commerce and as a result, its value started a climb as Sterling weakened. Suddenly, we in Britain were getting less for our Pound. 

For those of us in the music industry or players, we saw the sale ticket prices of instrument start to climb. It has always been unfair that in the US you can pay a lot less for a musical instrument, yet over here, the same instrument is or was about half as expensive again in real terms.

With new models out on the market, Britain is now paying out more than before, so the answer is if you can, buy now. The good news for the second hand market is your used instrument is now worth more and is a more attractive buy than a new one.

A well looked after and best condition guitar retailing at £1700 secondhand is going to be a better buy than the same or near same at £3600 new, the value almost having gone up by half on the new price from some that were £2800 a year or two back. The reality is that many shops now get guitars with big ticket prices in to order. 

The future may hold a better deal, but not for a while. If the UK can get the best of both worlds and cash in on the rich Dollar market so we don't have to pay over the odds for USA goods, then we will be ok.

The EU has to have the UK buying its goods, if we didn't it would be in trouble. The fact we are getting out means that our membership fees will have to be picked up by the other remaining countries many of which can't afford what they already pay now.

The EU could likely cease to be within a few years perhaps, but meanwhile, be smart with your buying.