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Reply by HorizontalMike

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Posted on Old Craftsman vise-Does your wife know what your tools are worth?

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HorizontalMike

6914 posts in 1511 days


#1 posted 626 days ago

”...I’ve already told her that a general rule for the bigger tools I purchased new (table saw, jointer, planer, etc) is that they typically START at about 50% of the new price if they’re in great condition….”

This makes me chuckle :-) This is the good ole’ wives tale that all buyers use,... regardless of the age of the equipment. It does not matter whether the ”bigger tool” is 2-3years old or 10-15years old or 15-20years old, ”...it’s worth fifty percent…”. All I can say is this wives tale/myth is just pure BS.

I went thru this a bit over a year ago, where an LJ insisted that he’d ”...never pay over 50%...” BECAUSE, and it was a big because, ”...because [he] could always get his money back when [he] sold it…” I won’t post his name, this time, but rest assured it happened.

In other words, it is ONLY 50% off for the NEW/FIRST buyer and then everyone else can get 100% back on their investment, all ‘cause THEY bought it “used.”

Yeah, sure… suck on THAT lollypop for awhile. The bottom-feeders don’t like hearing that one…

I’d sure like to see one of these folks sell their second-owner “used” purchased items for ”half of half” OR 25% of new since THEY bought it used as well,... or maybe for 1/8th or 12 1/2% of new price since they were the 3rd owner, OR, heaven forbid for 6 1/4% because they were the 4th owner of a 40-year old TS. After all, that would only be fair huh… LOL!

-- HorizontalMike -- "Woodpeckers understand..."


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