LumberJocks

Woodfast Lathe Value?

  • Advertise with us

« back to Woodturning forum

Forum topic by scolba posted 01-20-2017 06:06 PM 2045 views 0 times favorited 6 replies Add to Favorites Watch
View scolba's profile

scolba

8 posts in 2173 days


01-20-2017 06:06 PM

Hey Folks,

I need some opinions. I am looking to get out of turning, and will be selling my big heavy Woodfast M408 to help fund other tools to stay in general woodworking, but I’m not sure what I should ask. Its a fantastic machine, and is extremely sturdy. Its got a 16” swing, and is about that in bed length (or slightly more), so its more aimed at bowls and shorter stuff than long spindle work. But I’m not sure how this should be priced on the used market, compared to other similar machines. It is complete, is single phase, 110, and 1.5hp, is complete with the tool rest and tail stock, and will come with a spur, a super nova 2 with a few sets of jaws, a basic live center, and a Jacobs chuck. It will also have a safety shield. I have a bunch of other stuff, but will probably list that separately.

So what do you guys think? When I do list it, I will probably list it FS/FT, and list the tools I want in exchange, too.

Thanks a lot!

-- There is a very fine line between "hobby" and mental illness.


6 replies so far

View Wildwood's profile

Wildwood

2370 posts in 2214 days


#1 posted 01-20-2017 07:46 PM

That is pretty sturdy old lathe not sure could ask much more than $500 for lathe alone more if includes a chuck & tools. If still runs good would make someone a great starter lathe.

Guess Rikon bought out Wood fast many years ago. Rikon mini & midi lathes more popular than their bigger lathes. I know they don’t produce anything like the M408.

-- Bill

View jeff's profile

jeff

1087 posts in 3544 days


#2 posted 01-21-2017 02:29 AM

They were considered very good lathes back in the day.A recent Prescott Az. craigslist post had the same model with tools,hollowing system ect.for $2500.00…A bit overpriced I would think.I have been turning with a friend who has one and its a great lathe to turn on…

-- Jeff,Tucson,Az.

View Woodknack's profile

Woodknack

12210 posts in 2459 days


#3 posted 01-21-2017 06:39 AM

From what I can find it is a 16×16 lathe, 1-1/4-8 spindle. Probably no parts available but a decent quality lathe. Your best bet is shopping it to local turning clubs. On the general lathe market it won’t be worth much because it’s an extinct generic brand that few know about. I mean no disrespect, just the perspective of an average wood turner. Ask a little too much and take the best offer available. A package deal will sweeten the pot for a somewhat experienced turner.

-- Rick M, http://thewoodknack.blogspot.com/

View scolba's profile

scolba

8 posts in 2173 days


#4 posted 01-21-2017 04:45 PM

Good information, thanks guys!

Jeff, I’ll start my listing at $2500, too! haha, just kidding. :)

Rick, yeah the parts are indeed hard to come by, but thankfully the bearings and such are all standard size, so those don’t need to be “Woodfast”. No worries and no disrespect sensed, but I think it is more than a generic brand. From what I remember it was Australia’s top tier that was then imported by Craft Supply USA….but since it is extinct and not well known, so unless you know that, its going to sell like its an unknown. So that message is def received. :) Thanks!

So further opinion needed….I would like to really capitalize on the value of the accessories that I have to really stretch my dollar fund new tools. So what all would you guys think i should include in the Lathe listing, and what should i sell separately? For example, would it be more economically wise to sell the chuck separately, and maybe take a lower price on the lathe?

Thanks again for the input! Much appreciated!

-- There is a very fine line between "hobby" and mental illness.

View Bill7255's profile

Bill7255

427 posts in 2364 days


#5 posted 01-22-2017 12:38 AM

Well chuck and chisels (HSS) are an easy sell. I would think you would get more with them separate from the lathe. Faceplates and centers should go with the lathe. You have a good lathe, but it is speciality type. Just need the right buyer.

-- Bill R

View Wildwood's profile

Wildwood

2370 posts in 2214 days


#6 posted 01-22-2017 01:13 PM

Just off the top of my head your lathe more better than many of the China lathes sold today if runs good.
Not many people want to buy a used lathe that needs repairs unless priced to sell and that person knows how to make repairs.

Not sure about the brand or quality of your chuck and other tools but lathe with those item will make your selling more attractive. Especially to new or other turners looking for a quality lathe with extras. Just do some K-mart math to come out with dollar amount need to make you happy! Prepare to haggle!

If sold those other items separately doubt will gain more than getting rid of everything at one time. People will come and pick and choose items and could take lot of time to get rid of eveything. If plan on getting back into turning hang on to that stuff.

-- Bill

Have your say...

You must be signed in to reply.

DISCLAIMER: Any posts on LJ are posted by individuals acting in their own right and do not necessarily reflect the views of LJ. LJ will not be held liable for the actions of any user.

Latest Projects | Latest Blog Entries | Latest Forum Topics

HomeRefurbers.com