[Woodworkers] Tool Prices

[Ben Reese via Woodworkers]

Don't be shy in asking for "a bottom line, cash price".  A lot of folks
list things a little high so that they can haggle. Rather than  say " I'll
think about it, or I'll have to pass" even when they offer their bottom
line price and it is more than you think it's worth, just tell them "this
is what I'm willing to pay since it is used and a new one with a warranty
is only XXX.  And that is cash right now".  Kind of like Kenny Rogers says,
you got to know when to fold em.

Been buying and selling since 2006 when I lost my job in a sell out.
Though I don't claim to know it all, I know what has proven for me.  And
50% or just a little plus is what used tools sell for.  Good luck

On Wed, Jul 13, 2016 at 4:19 PM, Chuck Steger via Woodworkers <
woodworkers at lists.sawdusters.org> wrote:

> 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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> miracle to the lobsters in the ship's kitchen
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