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The rising prices of tools...

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Forum topic by RibsBrisket4me posted 01-09-2012 01:06 AM 1764 views 0 times favorited 27 replies Add to Favorites Watch
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RibsBrisket4me

1414 posts in 1252 days


01-09-2012 01:06 AM

Topic tags/keywords: tools cost price inflation

I have had some sticker shock as of late, looking at tool prices at Sears, Amazon etc. Looking at what I paid for my tools over the years, I am amazed at what it would cost to replace them.

I bought my tools from 2000-2006, so they are not too old. Also, my tools are middle of the road for quality, Craftsman and Ridgid.

Here is a run down of what I paid for a few of my tools and the same cost for the same tool today:

Craftsman 6 inch pro jointer $344 now $600

Ridgid 15inch Drill Press $225 now $399

Ridgid 14inch Band saw $289 now $369

Now granted this is a small sample size, but what really shocked me is the pirce of Jet tools on Amazon! Holy moley!

I’m glad to see one can still get a decent table saw @ $500 with the Ridgid, Craftsman, Porter-cable clones.

I am just a hobbiest with mediocre skills, but I really enjoy the time I spend in the shop. My shop is equiped, and I feel for the young guy just starting out and having to shell out huge bucks to outfit their shop.

I wish the value of my house was as good as the value of my tools :-)

-- http://www.PictureTrail.com/gid6255915


27 replies so far

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jaydubya

183 posts in 1558 days


#1 posted 01-09-2012 01:27 AM

I thought about up the craftsman pro jointer till I saw it at almost 650 at sears

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Howie

2656 posts in 1669 days


#2 posted 01-09-2012 02:06 AM

I guess I’m in the same boat. I have a spreadsheet with all my inventory on it. I look at what I paid 3-7 years ago and what something costs today and get sticker shock(just like cars!) The other side of the coin is my tools(used) are worth almost as much as I paid for them.

-- Life is good.

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doncutlip

2832 posts in 2302 days


#3 posted 01-09-2012 02:14 AM

Yeah I was looking at a PM mortiser a couple of years ago, and when I looked again it had jumped 20%! Maybe it’s rising fuel costs or something.

-- Don, Royersford, PA

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RibsBrisket4me

1414 posts in 1252 days


#4 posted 01-09-2012 02:14 AM

Jay, I love my Craftsman jointer, but I agree it is not worth 600 dollars.

-- http://www.PictureTrail.com/gid6255915

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papadan

1156 posts in 2115 days


#5 posted 01-09-2012 02:15 AM

Ibought most of my tools in 2000 and 2001, they are Ridgid brand and American made with lifetime warrenties. Now all the tools are a lot higher priced, Chinese made, and at best a service agreement instead of a warrenty. My shop is small and my tools are portable, just the way I want them. I wouldn’t upgrade even if I could afford to.

-- Carpenter assembles with hands, Designer builds with brains, Artist creates with heart!

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ohtimberwolf

301 posts in 1098 days


#6 posted 01-09-2012 02:25 AM

It would be crazy to have to start all over. I would like to have a good planer but just hate to pay the price for duffer.

-- Used to be a barn cat, now a lap cat...

View 404 - Not Found's profile

404 - Not Found

2544 posts in 1715 days


#7 posted 01-09-2012 03:21 AM

WHOA! Those are big price differences you are posting. A couple of years ago I naively thought that with the global downturn there would be more competition (as in reduced prices) for machinery and powertools, but now my thoughts are that reduced demand drives the unit cost up. And all the time you’re getting screwed left, right and centre with taxes and inflation (we are in Ireland anyway).
I’d like to be in a position where I could just go to one of my local tool shops for everything, and know that what I’m buying is at a fair price. I can live with going 30 bucks over an internet price for something I need in a hurry, but can’t justify spending another 120 bucks on a saw package from the local guy over a bulk buyer who’s only one mouse click away.

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Viking

857 posts in 1941 days


#8 posted 01-09-2012 03:27 AM

Todd;

I think Sears is about to price themselves out of the tool business with those increases. Their quality is pretty spotty so, they will be walking the plank with huge increases.

There are so many really good options out there now in the mid-priced market.

-- Rick Gustafson - Lost Creek Ranch - Colorado County, Texas

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papadan

1156 posts in 2115 days


#9 posted 01-09-2012 03:33 AM

Sears does business with which ever manufacturer gives them the best deal. It all started when Clinton opened trade with China, that is why they discontinued buying from Emerson Electric (Ridgid) that made most of thier stationary tools for almost 30 years. Emerson came out with the same tools with thier own name on them. Now even those are made in China.

-- Carpenter assembles with hands, Designer builds with brains, Artist creates with heart!

View Loren's profile

Loren

7822 posts in 2394 days


#10 posted 01-09-2012 03:37 AM

Steel and iron costs fluctuate and prices of machinery with lots
of metal can rise significantly with a bump in prices.

In any case, the OP is writing about what he paid and comparing
it to the current sticker price. It should surprise nobody that
tool “list prices” are inflated. The only supply catalogs I have seen
that sell tools at “list” are McMaster-Carr and Grainger – where
shoppers aren’t spending their own money when they buy.

###

Another though, if you want to put your tool dollars in the pockets
of your countrymen, buy used, pay cash, and put what you pay
right back into your local economy. Corporate retailers squirrel
profits into offshore tax shelters and a fair portion of what you
spend when you buy new from a chain has no chance of going
out to your local economy…. employee wages only, basically..

-- http://lawoodworking.com

View willie's profile

willie

465 posts in 1200 days


#11 posted 01-09-2012 03:40 AM

All of this makes the used tools that much more attractive. Better quality and lower prices. It takes some work to rehab an old tool but when you’re done you’ll have a better tool and a better understanding of how that tool works. Most older tools were designed to be fixed when and if needed. Today’s tools are designed to be replaced!

-- Every day above ground is a good day!!!

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papadan

1156 posts in 2115 days


#12 posted 01-09-2012 03:43 AM

You are deffinitly right about that cjwillie, just like computers and most electrical items.

-- Carpenter assembles with hands, Designer builds with brains, Artist creates with heart!

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bondogaposis

2746 posts in 1097 days


#13 posted 01-09-2012 03:55 AM

Whatever you do don’t look at the prices of American made hand tools.

-- Bondo Gaposis

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jaydubya

183 posts in 1558 days


#14 posted 01-09-2012 04:00 AM

The only reason I but power tools from sears is the ability to put them on layaway

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Chipy

374 posts in 1340 days


#15 posted 01-09-2012 04:28 AM

jaydubya That sounds painful!LOL The only reason I but power tools from sears is the ability to put them on layaway

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