[Woodworkers] Tool Prices

[Dave Heitstuman via Woodworkers]

Interesting calculator.

I agree with pretty much everything that was said by everyone.  My take is once it is out of the box it is basically worth 50% of the original price it sold for or possibly 50% of new (assuming new is higher) depending on what it is.  The only way I would pay a higher price is if it was unique, rare, it was virtually new and I really wanted it.

The only exception to the price when new may be the "vintage tool" stuff.  Take the early Delta stuff with the Art Deco bases for example.  I would suspect that some of that stuff in a restored condition is selling for at least what it sold for new if not more.

As for Steve's comments remind me not to buy from him :)  The fact he did well selling that stuff, is probably not the norm.
Case in point I have a 10" Craftsman saw that has been highly upgraded, Biesmeyer fence, new 2hp motor, better on/off safety switch, machined pulleys, link belt, PALS alignment system several zero clearance inserts and some other minor additions.  It really is a decent saw.  All in all I'm probably in the saw every bit of $800.00 if not more.  In the end it is still a Craftsman saw and I think I would be lucky to get $200.00 out of it.  I'd probably do better parting it out if I could find the right market.



From: Woodworkers [mailto:woodworkers-bounces at lists.sawdusters.org] On Behalf Of Royce Killion via Woodworkers
Sent: Wednesday, July 13, 2016 4:13 PM
To: woodworkers at sawdusters.org
Subject: Re: [Woodworkers] Tool Prices


Here is a value calculator, but it only works for American made machinery...

http://www.monkeybutler.com/valu.html



On 7/13/2016 3:19 PM, Chuck Steger via Woodworkers 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 :))? 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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