The band broke up...gear splitting questions!!

  • Thread starter Thread starter fris9
  • Start date Start date
F

fris9

New member
Ok......so, with band money, we bought a Firewire 1814 for recording. I want to keep it for my own use, so I need to pay the other guys. Here's the dilemma-do they deserve what a used one on Ebay would go for, or should I pay them the amount paid originally for the unit? To me, it makes sense that I would pay them what they would get if they sold it, but I can see this possibly becoming an issue and I would like some feedback.
 
  • Like
Reactions: apl
I'd see it as totally negotiable. ...and/or ask them FIRST what they want for their share. Go from there BEFORE you make an offer (that might be higher than what they may want).

Figure you might potentially get a used one off Ebay for yourself, cheaper than if you paid full pop to the other guys.
 
I'll paypal you $23.57 right now for it. Take the money and get a couple cases of beer to lube them up for the bad news.

I think you should pay them what they paid, or put it on ebay and split the money.
 
apl said:
I'll paypal you $23.57 right now for it. Take the money and get a couple cases of beer to lube them up for the bad news.

I think you should pay them what they paid, or put it on ebay and split the money.
Click to expand...

First off, what kind of beer are you suggesting to get a couple of cases of for 23 bananas?

2nd...why pay them what they paid when it was new? Do you buy used cars at factory fresh retail prices?

and 3rdly... why put it on Ebay if the dude wants it for himself? ...unless they want full price, of course. Then good luck.
 
Yeah, it only makes sense to me, from a depreciation point of view, that I pay them what they would get on ebay for it. I think it would be pointless for them to demand full price, because then I would just give it to them to put on ebay, where they would get......exactly what I would offer them. Plus they'd lose some money with fees, etc.
 
mixmkr said:
First off, what kind of beer are you suggesting to get a couple of cases of for 23 bananas?

2nd...why pay them what they paid when it was new? Do you buy used cars at factory fresh retail prices?

and 3rdly... why put it on Ebay if the dude wants it for himself? ...unless they want full price, of course. Then good luck.
Click to expand...

I wasn't all that serious, but I did see a case of Miller Lite for 10.99 on the way to work this morning.
 
things to consider did you buy it new ?
if not it's now third hand and worth less ...
how old is it....
all these are factors when tring to work out how much something is worth.

also have they asked for any money for the firewire..if not and you have it then say nothing and wait maybe you will get lucky and they will not be bothered.

remember if you do not ask you do not get!!!!
 
axeman_ukl said:
things to consider did you buy it new ?
if not it's now third hand and worth less ...
how old is it....
all these are factors when tring to work out how much something is worth.

also have they asked for any money for the firewire..if not and you have it then say nothing and wait maybe you will get lucky and they will not be bothered.

remember if you do not ask you do not get!!!!
Click to expand...

No disrepect but, what a pile of dribble and waste of bandwidth...
 
if you were to go to court the judge would make you pay what its value is right NOW not when it was new
 
I think that it would be right to give them what they paid for it originally.

If you want to go under then mindset of "I should give them what they would get on eBay", how about you just sell it on ebay and split the money in the same manner as you did when you initially bought the piece. I know that might sound like a long process, but, there would be no way to know exactly what they would get by putting it on eBay unless you actually put it on eBay. (Who knows? you could even when the bid for your own piece!) And then, once you get the money from selling it (assuming you didn't win the bid on it), you could just take your share it put it towards buying another one. That sounds like the most "fair" way to do it, in my opinion.

But, before that, I would find out how much they want for it. Maybe they don't even care to get what they initially paid for it.
 
It doesn't make any sense to pay them what the unit cost new. After all, it is used, and presumably they had the use of it while the band had it. If you pay them the new price, then you suck up all the depreciation on the unit. Why should they be held harmless for the purchase and use of the unit while the band had it? And, as you already noticed, you can already buy a used unit for less than new on e-bay.

I think it would be fair to take the average value of used units that have sold recently on e-bay (not new ones listed on e-bay or units that have listed but not sold). There are a lot of sold units so an average seems to me to be a reasonable proxy for valuation. If you want, you can toss out the lowest sale and the highest sale to weed out outliers. I think that is a reasonable approach that approximates what the unit would sell for if you listed it and then split the money. Sure it could sell for more. But it could also sell for less. Everyone avoids the e-bay/charge card charges this way and you have a unit that you know works. And you don't have to wait a couple weeks for the transaction to be completed with the risk that you get a deadbeat bidder. I'd float the proposal out there. Ask them what they want for it. Make your proposal. The worst that could happen is that someone says no. You can haggle over the price a bit if you want. If that doesn't work, then go ahead and e-bay it and split the money. Buy another one on e-bay. IMHO there isn't enough money in this to waste time and energy fighting over it.
 
open it up , remove the fuse , put it back together again . show them it mysteriously broke down after your last gig , tell them you'll dispose of it yourself to avoid cluttering up the landfill sites with lead and other heavy metals .

re-install fuse and claim a free piece of equipment , send me $100 cash for the idea :D send me a PM and ill give you my paypal details ;)
 
haha shady characters around these parts

check out what's going on with the ebay prices and throw some money at them...better to have less cash in your pocket then to make enemies in this life...
 
I have been in this situation, and as the person leaving the band, I didn't care to bring up the money at all and just walked away from gear that I partially owned. So I'm not sure how your band split up, but these guys (using as a loosely gender neutral term) might be glad to get any money at all for the thing.

I don't think that there's a "proper" way to address this, whatever you think is right is right, I'd say....
 
fris9 said:
Ok......so, with band money, we bought a Firewire 1814 for recording. I want to keep it for my own use, so I need to pay the other guys. Here's the dilemma-do they deserve what a used one on Ebay would go for, or should I pay them the amount paid originally for the unit? To me, it makes sense that I would pay them what they would get if they sold it, but I can see this possibly becoming an issue and I would like some feedback.
Click to expand...


Just say "What Firewire 1814??"..... :eek:
 
ndycus1 said:
I think that it would be right to give them what they paid for it originally.

If you want to go under then mindset of "I should give them what they would get on eBay", how about you just sell it on ebay and split the money in the same manner as you did when you initially bought the piece.

--snip--

But, before that, I would find out how much they want for it. Maybe they don't even care to get what they initially paid for it.
Click to expand...

I wholeheartedly agree with all this advice. It's not just about how much the item is worth, it's also about being fair.

If there is any question as to it's worth, then sell it on eBay and split the proceeds with the band. Do that for all the band-owned gear it it comes down to it. Or maybe you guys could swap band gear around and everybody could get stuff they are interested in.

But I think that fairness is an important aspect in liquidating the band's gear.
 
SonicAlbert said:
I wholeheartedly agree with all this advice. It's not just about how much the item is worth, it's also about being fair.

If there is any question as to it's worth, then sell it on eBay and split the proceeds with the band. Do that for all the band-owned gear it it comes down to it. Or maybe you guys could swap band gear around and everybody could get stuff they are interested in.

But I think that fairness is an important aspect in liquidating the band's gear.
Click to expand...


Damn Albert you made me feel guilty with my last post , I had to go have a shower , even though i was only joking ;)

the good guy on my left shoulder agrees with you :D
 
Got to agree with Sonic Albert. You may note that a judicial body would probably force a sale at fair market value and then order a division of the proceeds according to the individuals contribution toward the original purchase. Or you could sell it to me for a $1.00. Bona fide purchaser for value. :D
 
Split between the eBay price and the new price, come up with a reasonable offer, they'll probably take it. If it's a few guys, it's probably only 10 or 20 bucks a piece that would make up the difference.

I.e. let's say it went for $500 new and $350 on eBay. Four guys are involved, so each invested $125 into it...and at $350 it'd be about $85 per guy. Since you already paid your portion, offer the guys $100 each and see if they bite. If they want more, say "okay" and sell it on eBay and split the profits, which of course will be less shipping, paypal, and eBay fees...and then someone has to ship it and deduct that from the proceeds...

Point I'm trying to make is it's a hassle to sell, so give them an offer. Most likely they won't care about $20 each they'd rather have the beer money.
 
You must log in or register to reply here.
Back
Top