[Woodworkers] Tool Prices

[Clint Warren via Woodworkers]

I agree.  I think the car analogy is a good one.  There is a huge drop once you drive it off the lot.  If I have to spend 75% of the cost of a new tool I'd rather just buy new.  I get the warranty and a tool I know no one has fiddled with or damaged in some inconspicuous way.


Maybe the Grizzly bandsaw was the Dale Earnhardt collectors edition, which would naturally command a higher price.  I know my Ken Griffey Jr. jointer is going for more as is my Beyoncé Limited Edition drill press. 😁 
clint 
 
 



To: woodworkers at sawdusters.org
Date: Wed, 13 Jul 2016 15:19:55 -0500
Subject: [Woodworkers] Tool Prices
From: woodworkers at lists.sawdusters.org

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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