Pricing second hand tools/machinery

[Grumpy John]

My interest in woodworking has waned considerably in the last couple of years, so much so that I'm seriously contemplating selling most of my tools and machinery. This raises the question: how do I come to a reasonable price to ask for my equipment. Does condition and age play a big part in the price, or are people purchasing second hand equipment just looking for a rock bottom price. I don't want put too high a price on anything and have to continually be dropping the price, nor do I want to sacrifice anything just for a quick sale. I was thinking 40% - 50% of original purchase price.

What do others think?

[Sturdee]

AS the price of most tools have come down over the years I think the original price is irrelevant as a starting point but the current price for the equivalent purchase should be used.

Then I would apply a percentage of 30 to 40 depending on the age and condition but if the tool is so old that spare parts are difficult to obtain I would halve that again, as I would be taking a bigger risk.

Doesn't help the seller but it ensures that I'm not buying a dud or be out of pocket.

I have seen people trying to sell an old machine, out of warranty and no longer parts available, for more then the equivalent currently in the shops.


Peter.

[Grumpy John]

I agree Peter, current price is more relevant. All of the gear I've purchased is well known and well supported, I don't think there would be anything there that you couldn't get parts for.

[TermiMonster]

One thing you want to be sure of, is that you don't change your mind an have to re-buy everything again....
TM

[_fly_]

And I think you should ring me first,
That way you can get rid of lots in one hit first up.
And I'd even let you come and use them when you need something.

[Grumpy John]

And I think you should ring me first,
That way you can get rid of lots in one hit first up.
And I'd even let you come and use them when you need something.

If you're serious I'll send you a PM

[_fly_]

If you're serious I'll send you a PM
I Is, and all that nice timber you won't use sitting on the shelves.

[Scott]

What do others think?

That your out of your mind and need to sit on it for a while.

[Bushmiller]

Grumpy

Don't be too hasty! Consider what you are going to do instead. Do you have a plan of action? By all means rationalise a little. We all end up with a heap of gear that we might use and then conclude that we never will again.

Having said that Fly's proposal sounds very attractive. About twenty years ago I bought a largish concrete mixer (will overflow a builder's barrow) off a mate. He sold it to me very reasonably, but said it was on the understanding that he could borrow it back anytime he needed it.

I've had to move to QLD so he couldn't get to it :D. Actually he has never even asked for it once. If he did, I'd transport it back to the Hunter Valley. He's a good mate.

Hope you work things out. Remember Fred from the song "Right said Fred?" Don't be too hasty. Have another cup of tea :).

Regards
Paul

[Grumpy John]

I've just listed my http://www.woodworkforums.com/f221/h-f-ps-1810-panel-saw-161737/ and my http://www.woodworkforums.com/f221/router-router-table-setup-161736/ in the Machinery Marketplace.
Currently in negotiations with -fly- for a fair bit of my gear.

[damian]

I may get roused on for this, but the first place I look is ebay completed listings.

I do a lot of research before I buy anything and the sale prices on ebay are a very good guide to the current market.

I get told off for that a lot with people claiming they are too low or too high.

Ebay is the one forum where you can see what's been offered over the last few months, filter by item or geography and see what people are willing to pay. No BS no speculation no chinese whispers, just the numbers.

2c.

[Scott]

I may get roused on for this, but the first place I look is ebay completed listings..

Nope, not going to disagree, I do the same thing and more. I also compare using the Trading Post and Gumtree.

[Grumpy John]

My 2 bobs worth.
I priced everything I was selling at 35% - 40% of current new price. I look after all my machines and tools, and, while some of them are not spik and span (the lathe in particular) they are in excellent working order and have been well maintained.
Just about everything I've listed has been sold without any haggling over price (does that mean I underpriced :dunno:). Buyer's happy, seller's happy, that's all that matters.

[_fly_]

I can haggle if you like....

For you my friend very special price......

Peter

[rsser]

If the machinery is in good nick and a quality brand, I start at 60% of current RRP.

If in a hurry to get the cash, drop that a bit.

[Grumpy John]

Apart from a few chisels,one GPW chuck and a few bits and pieces everything I listed or PM'd people about is sold :ohyaaa:. _fly_ picked up the lathe this morning and DanMM is picking up the router/router table next Monday. The fact that I'm doing a little happy dance indicates to me that I've made the right decision in selling my gear. I wasn't getting much use from it and hopefully it will bring much pleasure to the new owners. I now have some cash and room to pursue my interest in photography. :2tsup: :2tsup: :2tsup:

[jimbur]

Enjoy yourself John.:U