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Forum topic by PaulfromVictor posted 02-10-2010 09:41 PM 997 views 0 times favorited 8 replies Add to Favorites Watch
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224 posts in 2768 days

02-10-2010 09:41 PM

I have been looking at what I paid for some of my tools over the past few years. The same tools are now dramatically more expensive. I would guess somehow related to the cost of oil. I bet the 2nd hand value of some of my machines would be close to what I paid to begin with. As an investment, I bet they held up in value better than a lot of mutual funds, etc.

8 replies so far

View SnowyRiver's profile


51452 posts in 2903 days

#1 posted 02-10-2010 10:02 PM

I think you’re right. I bought my Powermatic 66 table saw used some years ago. Its an 1988 model. A great saw, and works great. It does have outrigger tables on it, and I received 4 Forrest blades as part of the deal, but I paid $1600 for it. I was going through my book cabinet one day and found an old 1988 woodworking magazine and it had the exact saw listed in it for, guess what, $1600. :-)

-- Wayne - Plymouth MN

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115177 posts in 2999 days

#2 posted 02-10-2010 10:25 PM

I guess it depends which tools you would compare prices on.

-- Custom furniture

View knotscott's profile


7147 posts in 2798 days

#3 posted 02-12-2010 01:39 AM

It really depends on the tool and the price paid, but I’ve never regretted buying a quality tool at a good price. Even if they don’t increase in value, they tend to maintain reasonable value overall, and are certainly an asset to my wwing efforts, and to furnishing the house without breaking the bank.

-- Happiness is like wetting your pants...everyone can see it, but only you can feel the warmth....

View PaulfromVictor's profile


224 posts in 2768 days

#4 posted 02-12-2010 03:11 AM

The PM2000 I purchased for $2299 a little over two years ago is now selling for $2700. If I had that same $2299 in a mutual fund it would probably be worth $1500 now.

If you have ever bought anything from LeeValley you can see the same thing. Go to your order history for an old purchase, and look at the current price for the same items. They are 20-30% higher accross the board for me.

View JasonIndy's profile


187 posts in 2858 days

#5 posted 02-12-2010 07:08 AM

I received a new Ridgid planer and jointer for Christmas this year. The wife paid full price for the planer but the jointer was only $300. I think they’re coming out with new stuff and all this was discontinued, but with a lifetime warranty I’ve got 40 or 50 years to get my wife’s $700 worth. I couldn’t be happier.

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12642 posts in 3520 days

#6 posted 02-12-2010 08:02 AM

Quality hand tools hold their value. Take Lie-Nielson for example.

-- We must guard our enthusiasm as we would our life - James Krenov

View syenefarmer's profile


429 posts in 2503 days

#7 posted 02-12-2010 04:42 PM

While some tools have gone up in price the last few years most knowledgeable tool buyers will have a pretty good idea what a used tool should sell for. The difference between new tool prices and used tool prices are two totally different buying experiences. While used tools may be worth more in the case of a catastrophic loss such as a fire, the current selling price of a new tool more times than not has little to do with the selling price of a used tool.

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224 posts in 2768 days

#8 posted 02-12-2010 05:06 PM

I disagree. At least for major tools. Anybody considering a used tool purchase has to determine if it is being sold for a reasonable price. Availablity of subsitutes (new or used) directly impacts that as you choose between A and B. If the price of new machines rise, the quantity of used machines available will decline as more choose to buy used. That forces the price for used machines upward. Its supply and demand.

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