What is a realistic range for used machinery (things with big powerful motors) that are 1-5 years old with just ordinary wear and tear?
Perhaps you could phrase your response by thinking about your shop, and figure out what you would think of as fair based on what you paid. Is it something like 80-90%, 75-90%, 30-50%.
I won’t hold you to the % if you put your shop up for sale next week. I am getting ready to upgrade my shop, and am trying to decide if I should buy new or keep going through the local classifieds? I tried buying a 3-4 yr. old machine last week, the guy was asking 80% of what it would cost new. I offered 70% and he got peeved and asked me to leave!
I’m not much into e-bay, and I never know how much these things end up selling for!
Edited 6/28/2007 7:07 pm ET by Redwoodie
Replies
It's very simple as with anything it is all about what you are willing to pay. Now for somebody too get angry with you for what your percieved value of the machine was, is simply wrong.
I paid 750.00 for a 1939 Delta unisaw. In great condition, I walked away happy because there is no difference between a new one today and a 1939 model that was updated with a unifence.
I also was able too purchase a 2 year old delta j-15 jointer for 350.00, now that was a steal. It is all about percieved values.
Mark
Fair prices are in the eye of the beholder. When I sell something I set what I believe is a fair price and don't deviate. I also don't dicker over asked prices either and respect their opinion on how they value an item and its worth to them. I used to buy used cars from a dealer who had SET prices and just loved the concept, it is what it is period. If you don't like a price go elsewhere.
Personally a 3-4 year old machine with minimal use is worth 80% . Then again a 3-4 year old beater might be worth 30% IMHO. Worth is the value.
Work Safe, Count to 10 when your done for the day !!
Bruce S.
Redwoodie,
I bought my equipment with the intention of selling it.. (frankly it wouldn't fit if I tried to put it all in my coffin) ;-)
When I bought it I assumed that I would get 50% of what I paid for it originally.. I intend to sell as soon as my home is complete.
Frenchy:"I intend to sell as soon as my home is complete."Does that mean that we'll so no more posts on shellac and walnut at 0.005c per bd. ft.? :-)Regards,Hastings
Hastings,,
Now why would I do that? ;-) (are they that offensive?) I hope not, I'm simply trying to share with others information I've found out.. Please note I've always said where you could buy the wood at the price I was getting it at and I explained carefully all I could about shellac..
frenchy,
I think Hastings is just kidding.
We love you man!
Regards,Bob @ Kidderville Acres
A Woodworkers mind should be the sharpest tool in the shop!
Frenchy:I hope you know I was kidding!But seriously, if you sell all your equipment does that mean you will no longer be doing any woodworking? People start and stop hobbies for all sorts of reasons and I inferred from your post that you would stop once your house is complete."Been there; done that; got the T-shirt" sort of thing?Regards,Hastings
Hastings
I absolutely intend to stop making all the dust and noise once the house is finished.. At that time I will sell all my wood working tools.
Good she-who-must-be-obeyed should be satisfied!
Now I didn't say just when I'd be done did I? I should have sufficent wood on hand to continue to do wood working for decades.. (It's extremely easy for me to acquire massive amounts of wood).. Just for the record I've yet to sell a single tool. (although I might actually sell my timberframing tools).
frenchy...finishing up my own timberframe. I'm 18 months into it. what TF tools do you have? I know Makita has a nice line of them.
BobC
I've got the 16 inch circular saw, two 6 1/4 inch power planners, Chain morticer, and the groove cutter. Also the curved base planner. All by Mikita..
Edited 6/30/2007 10:41 pm ET by frenchy
"I bought my equipment with the intention of selling it.. (frankly it wouldn't fit if I tried to put it all in my coffin) ;-)" I notice you didn't say anything about selling any/all of that humongous stack of wood, LOL! forestgirl -- you can take the girl out of the forest, but you can't take the forest out of the girl ;-)
forestgirl,
Dah piles gettin' smaller as we speak!
I bought my 1965 Unisaw with a new motor for $725.00 and added a Vega fence, so I’m in for less than a grand and I love the saw. My early ‘60’s Delta 13” planer was $800 completely rebuilt with a 5HP Baldor motor. I will never buy a new piece of machinery if I can help it. Also, if you can do a brake job on a car, you can rebulid any of these tools yourself, they are not that complicated. I've rebuilt four Unisaws for friends, most took a long Saturday to complete and they are like new.
Redwoodie,
There are a couple used tool stores here in SE Michigan.
They use the same pricing scheme.
Store Price is 50% of list price.
Store will buy your tool at 25% of list price. Or in the case of unknown tools (old saws, screwdrivers, etc. half of what they expect to sell them for)
So, person to person, 50% or less is reasonable. With the store you get a return policy, person to person - not usually, so less than 50% based on lack of return.
Of course, they have little in the way of woodworking tools. Lots of carpentry, auto repair, construction, etc. But what woodworking tools they get, the same pricing applies.
Hope this helps,
Mike
I live in Ann Arbor. Tell me more about this store that sells used equipment.
Thanks.
[email protected]
Edited 7/5/2007 8:15 pm ET by dherzig
Mr Otools in Utica.
On Van Dyke between 21 and 22 mile roads.
Its in a strip mall type building with a transmission shop, there is a propane tank at the corner of the building.
Glenn Haege's master handyman column tipped me off to him.
Mike
Retools has shuttered their brick stores and only sell thru ebay now, one of the stores was in Pontiac, the other next door to Rockler in Royal Oak.
There used to be a place in Holly called “Hollywood Equipment”, they specialized in rebuilt old iron. I don’t know if they are still around, they were at; <!----><!----><!---->1230 Milford Rd<!----> <!---->Holly<!---->, <!---->MI<!----><!----> <!---->(248) <!---->634-6234<!----><!---->.
<!----><!----> <!---->
At one time their collection of old style Delta 20” bandsaws was great. I bought a Unisaw and a Boice-Crane jointer from them. They also had a lot of Parks planers. <!----><!---->
This forum post is now archived. Commenting has been disabled