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How to price used table saw?

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Forum topic by JSilverman posted 04-30-2013 05:04 PM 2130 views 0 times favorited 8 replies Add to Favorites Watch
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JSilverman

87 posts in 1303 days


04-30-2013 05:04 PM

I bought a new table saw over the weekend (SS 3hp PCS). Now I need to sell my Powermatic Artisan’s 63 contractor saw—probably via Craig’s list. I really don’t know how to price it. There is a very similar saw listed in my area right now – but for more than I paid for mine over 15 years ago! That doesn’t seem right. any suggestions on how to decide on a “fair” price?

thanks
Jefff


8 replies so far

View pintodeluxe's profile

pintodeluxe

3448 posts in 1503 days


#1 posted 04-30-2013 05:16 PM

50% of new price for a tool in good condition will sell equipment in a timely manner.

-- Willie, Washington "If You Choose Not To Decide, You Still Have Made a Choice" - Rush

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HorizontalMike

6948 posts in 1604 days


#2 posted 04-30-2013 05:38 PM

IMO, 50% is an old wives tale. You will hear that all of the time… 1-year old TS 50%, 2-year old TS 50%, 10-year old TS 50%, 30-year old TS 50%. In other words this “50%” level has no basis in fact, other than buyers looking to make a steal.

I believe that the “normal” accepted tax code write-off is 20% per year for 5-years. That said, it would make sense that it should take that initial 5-year period to reach that magical “50% of new” level. In other words, year-over-year depreciation would result in 90, 80, 70, 60 and finally 50% at 5-years of age for your TS. I would imagine that anything beyond the 5-year age would be determined on present condition. And I would base all sales prices on TODAYs new price, or percentage there of, and NOT the old ‘new’ price.

Just my opinion… Your mileage may vary.

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

View JamesT's profile

JamesT

102 posts in 602 days


#3 posted 04-30-2013 06:21 PM

J,
I sold this for $900 about three weeks ago. http://lumberjocks.com/topics/48835

Also have this one for $700. Getting ready to lower to $650. Hope this helps.
http://lumberjocks.com/topics/48898

-- Jim from Doniphan

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JSilverman

87 posts in 1303 days


#4 posted 04-30-2013 06:28 PM

Jim
wow- good looking refurbish- whoever bought it, got a good deal

Mike, I like your reasoning… though that makes me feel my $500 price is reasonable—if I base it on the current $1700 price, not the $ I paid for it new

View Loren's profile (online now)

Loren

7739 posts in 2338 days


#5 posted 04-30-2013 06:29 PM

$250-$400 for a Powermatic Artisan. Decent
contractor saw. Made in Taiwan.

-- http://lawoodworking.com

View Kaleb the Swede's profile

Kaleb the Swede

1212 posts in 659 days


#6 posted 04-30-2013 06:35 PM

Sigh…..why don’t you live in Jersey (or me in California). I would be there in a second. Hope it goes to a good home

-- Just trying to build something beautiful

View ShaneA's profile

ShaneA

5351 posts in 1288 days


#7 posted 04-30-2013 06:42 PM

In my area sellers seem to seek a premium on Powermatic equipment. Not saying right or wrong, nor do I know if they get it. I just see the listed prices. I would guess if you were to list in $450 range and accept a bit under that, it would probably sell reasonably quickly.

View knotscott's profile

knotscott

5516 posts in 2065 days


#8 posted 04-30-2013 10:16 PM

IIRC, I think most of the PM63’s were made in the US, and only the latest PM63’s and PM64’s were made in Taiwan. Regardless, what’s worth is what someone is willing to pay. Condition, fence, and included goodies are big factors in price. 50% of new is sort of a general rule thumb, with plenty of “give” for superior quality, newer age, better condition, valuable extras, etc.

A pic would answer a lot of questions.

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

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