How much should I spend on a new guitar?

A beginner should set aside between $100 and $300 for a new guitar. Many high-quality offerings sit between $100 and $200, but you may wish to spend a little more on a bundle that includes the other necessities, like a protective gig bag to shield your instrument from damage.

Is 500 too much for a guitar?

$500 is too much for a beginner-quality guitar. $500 may be too much for a beginner to pay for a guitar because there are many very good quality guitars out there for less money and if the beginner isn’t 100\% certain he’ll stay with it and take it seriously, it’s a waste of money.

How much money should I spend on my first electric guitar?

So, How Much Should I Spend on a First Guitar? If you are considering an electric guitar then you should spend at least $200 and shouldn’t spend over $400. If you are considering buying an acoustic or a classical then you should spend at least $150 and shouldn’t spend over $250.

How much does the average guitar player spend?

Fender Research Shows The Average Guitar Player Spends $10,000 Per Lifetime On Gear. According to research by Fender, the average guitar player spends around $10,000 in their lifetime on gear. This figure comes from Fender CEO Andy Mooney in a recent interview he did with Guitar.com.

How much should a good guitar cost?

Those who are still fairly new to the guitar should expect to pay between just over $100 and $500 for their instrument, depending on the brand name, the quality of materials and workmanship, and the included accessories. Even at the lower end of that range, guitars should include quality woods like spruce and rosewood.

Is $700 a good price for a guitar?

As a good point of reference however, beginners should generally be able to find an electric guitar between $200 and $600, intermediate players should be spending about $700 to $1,000 on their guitar to scale up with their skills, and finally advanced players which can include touring musicians will generally opt for …

How much do good guitars cost?

Do guitars last a lifetime?

With proper care, the guitar can last you for the entire lifetime. There is a reason why there are so many products dedicated to guitar care and maintenance. This way, you will be able to protect the guitar and ensure that it remains in top condition for quite a long time.

How much should you spend on a guitar?

Unofficially, $400 is the cutoff limit for what most players are willing to spend on a guitar, because you have to allow for a $100 buffer to keep it under $500. Fortunately, this does allow you to go into Fender-branded guitar territory. Most Modern Player Series guitars such as the HSH Stratocaster seen above is a $399.99 guitar.

How many guitars are sold in the UK each year?

In the UK, more than 750,000 guitars are sold every year, bringing in the equivalent of about $225 million on the currency conversion from pounds to dollars. Sales volumes in the UK are off by nearly 10\% in a year over year basis.

How much have guitar prices increased in the last 10 years?

Over the last 10 years, the average price of a guitar has risen by 48\%. Unit sales are down 15\% over that period of time, but retail sales are up 24.6\% overall. The USA accounts for 40\% of the global music trade.

Why are guitar sales dropping?

Fewer than half of the primary target demographic for guitar sales are holding down full-time jobs and the unemployment rate for the under 30 crowd is above 10\%. That directly impacts guitar sales. Aggregate shipments of electric and acoustic guitars dip 0.7\% to 2.47 million units.