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G00593 Grizzly Jointer - Good Deal?

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Forum topic by HorizontalMike posted 07-14-2010 07:22 PM 1099 views 0 times favorited 5 replies Add to Favorites Watch
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HorizontalMike

7147 posts in 2378 days


07-14-2010 07:22 PM

This just came up on Craig’s List in my area:

http://austin.craigslist.org/tls/1842204601.html
The guy says he has rotated the cutters once in the past 3 years so approx 1/2 of cutter life remaining.
$700 firm

New this goes for $895 + $144sh. = $1039

Is this a good deal?

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


5 replies so far

View knotscott's profile

knotscott

7214 posts in 2839 days


#1 posted 07-14-2010 07:34 PM

Mike – That’s about 70% of the cost of a new one. The general rule of thumb is closer to 50% of the cost of new with considerations for age, condition, extras, initial quality, etc. IMHO, $700 is pushing on the high side considering there’s no warranty or return privileges.

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

View HorizontalMike's profile

HorizontalMike

7147 posts in 2378 days


#2 posted 07-14-2010 07:52 PM

Hmm…

Help me think this one out:

Pro:
Currently in use—initial quality issues should have been resolved by now
70% cost—I have been shopping for a G0490 or G0593 and was just about resigned to buying “new” when this came up.

Con:
No returns—if initial quality issue are nil would this be an issue?
No Warranty—valid, if issues come up.
~50% of cutter life remaining (worth ~$50 depreciation)
3 years old—Not sure if this is a con or a pro

Q?: Do these machines depreciate this quickly? (50% over 3 years)

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

View TheWoodNerd's profile

TheWoodNerd

288 posts in 2656 days


#3 posted 07-15-2010 05:50 AM

The listing has been deleted, so this is now a moot point.

IMO, shipping shouldn’t enter into the equation. Especially since Grizzly has the occasional free shipping deal. So you’d be paying almost full cost.

My rule of thumb: If it’s still in the box, I’ll go 75% of new. If it’s been used more than a tiny bit, 65% is my limit. If it’s been put to any kind of extensive use, 50% maximum, especially in this economy. People are dumping stuff dirt-cheap all over the place.

-- The Wood Nerd -- http://www.workshopaholic.net

View vicrider's profile

vicrider

179 posts in 2362 days


#4 posted 07-15-2010 06:51 AM

the woodnerd.s formula works for me. I usually offer 1/2 the new price for used equipment. There’s always work involved in tuning the other guys wear and tear out of the machine. Ditto about the current economy, the tool section of CL is packed with overpriced junk.

-- vicrider

View HorizontalMike's profile

HorizontalMike

7147 posts in 2378 days


#5 posted 07-15-2010 04:24 PM

Thanks for the input guys. After I posted this, I continued searching LJ for used tool values and came across this LJ opinion (keeping poster’s name anonymous):

”I never pay more than 50% of retail for used tools unless they are less than a year old and in really great shape. One thing about used equipment is that you can usually resell it for the same price you paid for it.”

I bring this up because I kept seeing the ”50% off new” referenced quite a bit. To me, this price mark appears to be being set arbitrarily as the proverbial ”good deal.” I even found a 16 year old Grizzly go for this 50% off. That being said, I drove less than an hour over to check out this G0593 jointer, prepared to buy if everything seems on the up and up (remembering that I have been prepared to buy this new for some time).

When I got there, the guy’s shop was populated with Festool RT (new in box), Laguna TS and BS and Grizzly G1021X 15” Planer, DC w/Wynn filter, the G0593, and many PC and other handheld tools/equipment from his original setup, circa 2007. Much of it still posted on the Austin CL. The shop was well kept and all equipment appeared to be well maintained in an upscale AC’d environment. The jointer was still hooked up and hardwired w/12-3 (he had replaced the stock 14-3 power cord). The carbide inserts on the spiral cutter had indeed been rotated just once and the “now second set” of cutter faces cut cleanly/easily.

I bought it for the $700 and we wrestled it into the back of my PU and strapped her down. Also picked up 3 cheaper roller stands (2 HD single and a Grizzly 5 roller), $20 for all 3.

After getting home, I proceeded to go through the manual, adjusting the fence. It was obvious that the guy had pretty much left it set at 90. I found the fence bracket was not mounted completely flush to the outfeed table preventing an inside 45 and moving to an outside 45 was stiff. Long story short, making the needed adjustments were easy and familiarized me with this jointer. Infeed/outfeed was coplanar as is, even after the PU trip home. All that is left is to run to HD for a 220v plug and box and run a new 220v service (I already have spare 10-2 armored cable and an extra 220v breaker).

As far as not counting the shipping costs from Grizzly, I haven’t recently seen any ”free” shipping from Grizzly. Their latest Summer Special flier (came 2 days ago) lowered the shipping from $144 to $139 but that was about it. In today’s economy, not sure if we’ll again see free shipping any time soon. Either way, it was additional money that I did not have to shell out for something that was already on my short ”Buy Soon” shopping list.

Again, I sure appreciate all the LJ advice and opinions on this website. It sure helps make one think about all options/considerations on both new and used equipment.

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

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