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Need advice, Jet JML-1014 lathe, found one used, but need advice on value

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Forum topic by jophoto posted 01-29-2016 12:33 AM 1499 views 0 times favorited 12 replies Add to Favorites Watch
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jophoto

9 posts in 1540 days


01-29-2016 12:33 AM

I have located a used JML-1014. Seller paid way too much for it a year ago and is asking $400 for it and some accessories/tools. As of now, I am not sure what that means. seller acknowledges overpaying for it, and has asked what I am willing to pay. It is not pristine, but used sparingly.

I am absolutely new to the lathe game, and just want something to allow me to do some small projects, which led me to this machine. I only know what little I have learned through researching online, and this machine seems like a good investment if priced right.

What is a fair price to offer.

THANKS!


12 replies so far

View David Taylor's profile

David Taylor

326 posts in 923 days


#1 posted 01-29-2016 04:37 AM

You can get a brand new jet 1015 for $479, and a Rockler excelsior which looks, at least, very much the same for $299, again, brand new.

I would offer no more than $300 myself, if it is in great shape. The added accessories and tools (whatever they may be) should make it worth that at least.

-- Learn Relentlessly

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Rick_M

10619 posts in 2216 days


#2 posted 01-29-2016 04:47 AM

The Nova Comet II and Delta Midi have both dropped in price, are bigger and have variable speed. I would save a few more pennies and buy one of those. But to answer the question, I wouldn’t pay over $200 for the lathe. Actually, I would never pay that much but it’s probably worth that much. Accessories can be expensive so it matters what they are. $400 including accessories might be a good deal, it just depends.

-- http://thewoodknack.blogspot.com/

View JoeinGa's profile

JoeinGa

7721 posts in 1843 days


#3 posted 01-29-2016 01:39 PM



The Nova Comet II and Delta Midi have both dropped in price, are bigger and have variable speed. I would save a few more pennies and buy one of those. But to answer the question, I wouldn t pay over $200 for the lathe. Actually, I would never pay that much but it s probably worth that much. Accessories can be expensive so it matters what they are. $400 including accessories might be a good deal, it just depends.

- Rick M.

If all those tool over on the right side are Sorbys, it would be a killer deal. If they’re all hand made, maybe not so much.

-- Perform A Random Act Of Kindness Today ... Pay It Forward

View jophoto's profile

jophoto

9 posts in 1540 days


#4 posted 01-30-2016 04:20 PM

Got it for $250, and what appears to be enough tools and accessories to make it a fair price.

Agree?

View dhazelton's profile

dhazelton

2608 posts in 2132 days


#5 posted 01-30-2016 04:29 PM

Agreed. Is that a bowl chuck too?

View jophoto's profile

jophoto

9 posts in 1540 days


#6 posted 01-30-2016 04:55 PM

View Rick_M's profile

Rick_M

10619 posts in 2216 days


#7 posted 01-30-2016 05:11 PM

You stole it. Awesome deal.

-- http://thewoodknack.blogspot.com/

View JoeinGa's profile

JoeinGa

7721 posts in 1843 days


#8 posted 01-30-2016 06:31 PM

Ok. You showed us the pictures. It’s official…

YOU SUCK !

-- Perform A Random Act Of Kindness Today ... Pay It Forward

View Bobsboxes's profile

Bobsboxes

1294 posts in 2500 days


#9 posted 01-30-2016 07:16 PM

New tool for a great price, happy, happy.

-- Bob in Montana. Kindness is the Language the blind can see and deaf can hear. - Mark Twain

View dhazelton's profile

dhazelton

2608 posts in 2132 days


#10 posted 01-30-2016 10:33 PM

Damn – it even has a little blank all ready for you to finish.

View woodbutcherbynight's profile

woodbutcherbynight

3644 posts in 2245 days


#11 posted 01-31-2016 05:46 AM



Ok. You showed us the pictures. It s official…

YOU SUCK !

- JoeinGa

YUP

-- Live to tell the stories, they sound better that way.

View KYSean's profile

KYSean

119 posts in 3432 days


#12 posted 01-31-2016 02:18 PM

It’s great to see someone get a nice deal like that !

-- http://editedwrite.com

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