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Post by Jim Brown on Feb 21, 2010 19:01:55 GMT -6
When you're buying or selling a used power tool (table saw, whatever), what's a reasonable base formula to use for pricing? Half the price of a comparable new one? Obviously it would be adjustable for excessive wear & tear, etc.
This has almost nothing to do with the brand new Grizzly 3hp cabinet saw I need to make room for in my shop, incidentally ;D
Jim Brown
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Post by TDHofstetter on Feb 21, 2010 19:37:46 GMT -6
The baseline rule of thumb is 50% of new price, including typical wear & tear. NIB will tend to go for between 50% and 75%, ridden-hard-and-put-away-wet will tend to go for between 50% and 25%, and wrecked ain't worth draggin' home.
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Post by dejure on Mar 6, 2010 16:31:14 GMT -6
While the noted base rule is accurate for most things, some things command a higher price. For example, a cabinet saw that sold for $1,700.00 new is not likely to go for $850.00 and would be a killer score, if it did.
Some things are just hard to find, bringing in the "supply and demand" issue. For example, usually, you would have to take out a hit contract on Festool owner to get his/her used equipment. However, the possibility of saving big on the used Festool is lost to the cost of the hit, since that same money would have got the tool new and with a warranty (this is probably why you don't hear of many hits being taken out on woodworkers by their brethren).
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