How Much for Used Equipment?

[phrog]

A neighbor of mine is going to sell his woodworking equipment. He asked me how much he should ask because he hasn't kept up with prices. I thought I would ask you guys.

Powermatic 66 Table Saw with iron extension table and roller base unit and Biesemeyer fence; approx. 10 yrs old with minor use, great condition - how much?

Craftsman 12" Band Saw, also little use in excellent condition - How much?

Dewalt Miter Saw, 10" Single Bevel non-slider, good condition - How much?

Jet 14" Floor Standing Drill Press - Little use, excellent condition - How much?

Thanks for all opinions.

EDIT: He has sold it to his BIL.

[Knottscott]

Every area is a little different, and there are always other factors, but I'd think a nice PM66 equipped as described would be worth in the $900-$1200 range.

Which Cman 12" is it?

[LinuxRandal]

Don't forget condition. It is going to vary quite a bit depending on, if they haven't been touched (from just surface rust, to pitting) in some time, to if they have been waxed and upkept.

[radhak]

Search Craigslist across the country for each item. Should give you a very good idea of what to ask for.

You/he could use something like www.searchtempest.com or http://craiglook.com/, or Google itself (search for powermatic +craigslist). For a total of 10 minutes of effort, he'd know exactly where his machines are placed.

I'd suggest try eBay too, but that works only if he wants to sell thru eBay.

[phrog]

Every area is a little different, and there are always other factors, but I'd think a nice PM66 equipped as described would be worth in the $900-$1200 range.

Which Cman 12" is it?

Not sure which Craftsman model. Only know it's 12." Guess I didn't realize they made more than one model in 12" range.

[LinuxRandal]

Not sure which Craftsman model. Only know it's 12." Guess I didn't realize they made more than one model in 12" range.

Pretty sure they had some three wheeled models, in that size, that are KNOWN for issues (can't give them away).

[jussi]

Depending on condition I'd say 50%-70% retail.

[phrog]

Pretty sure they had some three wheeled models, in that size, that are KNOWN for issues (can't give them away).

It's a two-wheeler.

[phrog]

Thanks to all who replied. They just called me and told me he sold it to his BIL.

[sweensdv]

No more than 50% of current retail with the exception of the bandsaw. I'd go no higher than 5-10% for that boat anchor.

[phrog]

No more than 50% of current retail with the exception of the bandsaw. I'd go no higher than 5-10% for that boat anchor.

Boat anchor? I would offer him 10 % if he hadn't already sold it. Shoot the electrical cord is worth that much.

[LCHIEN]

I know there's no need for an answer the BIL having bought the lot, but its a good time for a general discussion on used prices.
Clearly there's exceptions to everything depending upon how rare it is and how badly you want it and more importantly, who else wants it.

But here's my mental thought process:
First a definintion of normal street prices - not MSRP but what they usually sell for but not clearance pricing
(for example the BT3100 was sold a lot at $300 and I consider that the street price even though a lot of you were able to by clearanced models for $200-250)
I'd go up to 85% percent of normal street prices for something absolutely in mint condition and hardly used and seemingly perfect but without any factory warranty or returnability. That means you're taking a chance it might break within a normal warranty period and you'd have to pay for repairs.
For something used, a name brand, but well taken care of, in very good to excellent condition maybe up to 66%
For something well used but still very serviceable and in very good condition, I'm thinking up to 50% of street prices.
Used and needing some replacements parts and some maintenance or TLC, likely not working perfectly, we're talking the 15-33% range depending upon what's obviously wrong, don't forget after you fix the obvious stuff there may be other hidden problems.
A basket case for a "restoration project" or parts, we're down to 10% or less of street prices, and there'd have to be a lot of useful parts still left.

Name brands (i.e. dewalt, Jet, Delta) get higher end of price range vs. off brands (you'l know these when you don't recognize them).

[Knottscott]

Thanks to all who replied. They just called me and told me he sold it to his BIL.

That way he can retain visitation rights!

[phrog]

Thanks to Loring for a very good and useful discussion. I think I'll print that out for future reference.

[phrog]

That way he can retain visitation rights!

Actually, I think you may be on to something there.