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  1. #1
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    Default Pricing second hand tools/machinery

    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?
    To grow old is inevitable.... To grow up is optional

    Confidence, the feeling you have before you fully understand the situation.

    What could possibly go wrong.

  2. #2
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    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.

  3. #3
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    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.
    To grow old is inevitable.... To grow up is optional

    Confidence, the feeling you have before you fully understand the situation.

    What could possibly go wrong.

  4. #4
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    Nov 2006
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    Default

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

  5. #5
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    Dandenong, Vic
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    Default

    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.

  6. #6
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    Quote Originally Posted by _fly_ View Post
    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
    To grow old is inevitable.... To grow up is optional

    Confidence, the feeling you have before you fully understand the situation.

    What could possibly go wrong.

  7. #7
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    Apr 2011
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    Dandenong, Vic
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    Quote Originally Posted by Grumpy John View Post
    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.

  8. #8
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    Quote Originally Posted by Grumpy John View Post
    What do others think?
    That your out of your mind and need to sit on it for a while.
    -Scott

  9. #9
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    Millmerran,QLD
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    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 . 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
    Bushmiller;

    "Power tends to corrupt. Absolute power corrupts, absolutely!"

  10. #10
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    I've just listed my https://www.woodworkforums.com/f221/h...el-saw-161737/ and my https://www.woodworkforums.com/f221/r...-setup-161736/ in the Machinery Marketplace.
    Currently in negotiations with -fly- for a fair bit of my gear.
    To grow old is inevitable.... To grow up is optional

    Confidence, the feeling you have before you fully understand the situation.

    What could possibly go wrong.

  11. #11
    Join Date
    Nov 2007
    Location
    Mt Crosby, Brisbane
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    Default

    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.
    I'm just a startled bunny in the headlights of life. L.J. Young.
    We live in a free country. We have freedom of choice. You can choose to agree with me, or you can choose to be wrong.
    Wait! No one told you your government was a sitcom?

  12. #12
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    Quote Originally Posted by damian View Post
    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.
    -Scott

  13. #13
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    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 ). Buyer's happy, seller's happy, that's all that matters.
    To grow old is inevitable.... To grow up is optional

    Confidence, the feeling you have before you fully understand the situation.

    What could possibly go wrong.

  14. #14
    Join Date
    Apr 2011
    Location
    Dandenong, Vic
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    I can haggle if you like....

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

    Peter

  15. #15
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    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.
    Cheers, Ern

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