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<DIV>Chuck,</DIV>
<DIV>I am with you. If I have to pay almost new prices, I will buy new and have
the benefit of the warranty. <SPAN
style="WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(37,37,37); FONT: 14px/22px sans-serif; WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px">The
</SPAN><B
style="FONT-SIZE: 14px; FONT-FAMILY: sans-serif; FONT-VARIANT: normal; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; COLOR: rgb(37,37,37); FONT-STYLE: normal; WIDOWS: 1; LETTER-SPACING: normal; LINE-HEIGHT: 22px; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px">endowment
effect</B><SPAN
style="WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(37,37,37); FONT: 14px/22px sans-serif; WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"><SPAN
class=Apple-converted-space> </SPAN>(also known as<SPAN
class=Apple-converted-space> </SPAN></SPAN><B
style="FONT-SIZE: 14px; FONT-FAMILY: sans-serif; FONT-VARIANT: normal; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; COLOR: rgb(37,37,37); FONT-STYLE: normal; WIDOWS: 1; LETTER-SPACING: normal; LINE-HEIGHT: 22px; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px">divestiture
aversion</B><SPAN
style="WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(37,37,37); FONT: 14px/22px sans-serif; WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"><SPAN
class=Apple-converted-space> </SPAN>and related to<SPAN
class=Apple-converted-space> </SPAN></SPAN><B
style="FONT-SIZE: 14px; FONT-FAMILY: sans-serif; FONT-VARIANT: normal; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; COLOR: rgb(37,37,37); FONT-STYLE: normal; WIDOWS: 1; LETTER-SPACING: normal; LINE-HEIGHT: 22px; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px">the
mere ownership effect</B><SPAN
style="WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(37,37,37); FONT: 14px/22px sans-serif; WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"><SPAN
class=Apple-converted-space> </SPAN>in<SPAN
class=Apple-converted-space> </SPAN></SPAN><A title="Social psychology"
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href="https://en.wikipedia.org/wiki/Social_psychology">social psychology</A><SUP
id=cite_ref-:0_1-0 class=reference
style="WHITE-SPACE: nowrap; WORD-SPACING: 0px; TEXT-TRANSFORM: none; COLOR: rgb(37,37,37); FONT: 11px/1 sans-serif; WIDOWS: 1; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"><A
style="TEXT-DECORATION: none; BACKGROUND: none transparent scroll repeat 0% 0%; WHITE-SPACE: nowrap; COLOR: rgb(11,0,128)"
href="https://en.wikipedia.org/wiki/Endowment_effect#cite_note-:0-1">[1]</A></SUP><SPAN
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is the hypothesis that people ascribe more value to things merely because they
own them.</SPAN><SPAN
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style="WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(37,37,37); FONT: 14px/22px sans-serif; WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> So
I try to look at what is reasonable and go from there. If I think its too much,
I'll either ask the person what their bottom line is or walk away from
it.</SPAN></DIV>
<DIV><SPAN
style="WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(37,37,37); FONT: 14px/22px sans-serif; WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"></SPAN> </DIV>
<DIV><SPAN
style="WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(37,37,37); FONT: 14px/22px sans-serif; WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px">Gary
Williams</SPAN></DIV>
<DIV><SPAN
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<DIV> </DIV>
<DIV>
<DIV>In a message dated 7/13/2016 5:20:45 P.M. Eastern Daylight Time,
woodworkers@lists.sawdusters.org writes:</DIV>
<BLOCKQUOTE
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: blue 2px solid"><FONT
style="BACKGROUND-COLOR: transparent" color=#000000 size=2 face=Arial>
<DIV dir=ltr>
<DIV>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.<BR><BR></DIV>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<BR></DIV>
<DIV class=gmail_extra><BR>
<DIV class=gmail_quote>On Wed, Jul 13, 2016 at 4:19 PM, Chuck Steger via
Woodworkers <SPAN dir=ltr><<A title=mailto:woodworkers@lists.sawdusters.org
href="mailto:woodworkers@lists.sawdusters.org"
target=_blank>woodworkers@lists.sawdusters.org</A>></SPAN> wrote:<BR>
<BLOCKQUOTE class=gmail_quote
style="PADDING-LEFT: 1ex; MARGIN: 0px 0px 0px 0.8ex; BORDER-LEFT: #ccc 1px solid">
<DIV lang=EN-US link="blue" vlink="purple">
<DIV>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial","sans-serif"'>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.<U></U><U></U></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial","sans-serif"'><U></U><U></U></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial","sans-serif"'>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 </SPAN><SPAN
style="FONT-SIZE: 12pt; FONT-FAMILY: Wingdings">J</SPAN><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial","sans-serif"'>)? Are my
expectations over used tools too high?<U></U><U></U></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial","sans-serif"'><U></U><U></U></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial","sans-serif"'>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.<U></U><U></U></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial","sans-serif"'><U></U><U></U></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial","sans-serif"'>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.
<U></U><U></U></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial","sans-serif"'><U></U><U></U></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial","sans-serif"'>What say you all?
Am I living in a dream world?<SPAN class=HOEnZb><FONT
color=#888888><U></U><U></U></FONT></SPAN></SPAN></P><SPAN
class=HOEnZb><FONT color=#888888>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial","sans-serif"'><U></U><U></U></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 20pt; FONT-FAMILY: "Brush Script MT"'>Chuck<U></U><U></U></SPAN></P>
<P
class=MsoNormal><U></U><U></U> </P></FONT></SPAN></DIV></DIV><BR>_______________________________________________<BR>Ya
know, life is all about perspective; when the Titanic sank it was a miracle
to the lobsters in the ship's kitchen<BR><A
title=mailto:Woodworkers@lists.sawdusters.org
href="mailto:Woodworkers@lists.sawdusters.org">Woodworkers@lists.sawdusters.org</A><BR><BR>To
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know, life is all about perspective; when the Titanic sank it was a miracle to
the lobsters in the ship's
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