[Woodworkers] Tool Prices

[Chuck Steger via Woodworkers]

I check craigslist all the time for used tools and it seems to me that
people are asking unrealistic prices for used tools. However, maybe it’s
just me and I need to manage my expectations. This is a real example (but
totally common). A gentleman is selling a Grizzly edge sander and a Grizzly
17” bandsaw. The edge sander is priced 75% of new and the bandsaw is priced
MORE than new. Both tools are 9 years old. I see this all the time. People
ask close to new prices.

 

My expectations are the tool should be at least half price if an older model
and well used. I’ll use my own PM66 tablesaw as an example (not that I’m
selling it). It cost me over $2000 and is well taken care of but is over 10
years old. If I sold that, I would expect to ask $1000 or less. I realize
just because it is used, doesn’t mean it is in bad shape. So would I be
selling myself short (again, not selling J)? Are my expectations over used
tools too high?

 

Another real example: A Grizzly Oscillating Edge sander. New is $1830, the
person is asking $1300 for “new, never been used”. So here is a new one for
$530 less. I guess I look at it like a car, once you drive it off the lot,
it depreciated (plus, no warranty). I saw a DeWalt Scroll saw (well used)
for $400. You can buy new for $450.

 

One argument is you save on shipping (assuming you can go pick it up). In
the case of Grizzly, it would cost me ½ tank of gas to go get it since I
live in the area (and the people selling are local). Perhaps it’s just me
but for close to new price, I’d rather pay the new price and get the
warranty. 

 

What say you all? Am I living in a dream world?

 

Chuck

 

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