Rikon 14" deluxe value

  • Advertise with us

« back to Power Tools, Hardware and Accessories forum

Forum topic by Joe posted 10-11-2013 03:17 PM 1131 views 0 times favorited 8 replies Add to Favorites Watch
View Joe's profile


185 posts in 3633 days

10-11-2013 03:17 PM

Greeting fellow jocks, I am going to sell me Rikon 14” deluxe. Where is a good starting price point? Its 2-3 years old and I have several blades for it. I know what I paid new, but am unsure if I should mark it down 50% from there or what. Thanks…


-- Senior Chief

8 replies so far

View HorizontalMike's profile


7770 posts in 3154 days

#1 posted 10-11-2013 03:27 PM

IMO, that 50% thing is an old wives tale created by wishful buyers. That said, I have seen new ones, within the past year, on sale for $799 (even though retail is $969.98 at WC) so I would keep that “for new” price in mind when setting a value on yours.

Personally, I would consider lowering the price from new (sale price level) by 10% per year, until you reach that 50% level. In other words, I think lowering your sales price to 20-30% below that $799 value, or roughly $560.

Just my 2-cents worth… Your mileage may vary.

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

View Woodknack's profile


12469 posts in 2620 days

#2 posted 10-11-2013 04:35 PM

Agree with Mike about the 50% thing. What you paid is irrelevant to current value which will depend a lot on your local economy plus condition. Base it off current retail value which is somewhere around $1050, that’s what buyers will be looking at. If they do go on sale a lot for $799 then you might have to start there and come down. You might be able to get 80-90% value if the market is good in your area. I see people posting about stuff they couldn’t sell for a certain price that would get snatched up in hours around here so it really depends on your area.

-- Rick M,

View gtbuzz's profile


427 posts in 2682 days

#3 posted 10-11-2013 08:08 PM

I’m in agreement with the advice so far against the 50% rule. I paid $800 for mine about 2 years ago and there’s no way I’d let it go for $400. The $550-$600 range that HorizontalMike suggested seems like a much more reasonable price, but unless someone can actually get it for $800 right now, there’ nothing really wrong with asking $700 and taking offers. If I were selling mine, that’s what I would do, and take the first $600 that came along. Probably would take $550 if it sat for a while.

In my area, I’ve seen 2-3 on CL that have been advertised for over $1000, so if I put mine up for $700, it would look like a downright steal!

View crank49's profile


4032 posts in 3211 days

#4 posted 10-11-2013 08:16 PM

I don’t know about all this.
As a buyer I am always looking for and expecting 50% off retail for used.
Then there are the folks on Craig’s List that list stuff for 125% of retail and I suppose some of them eventually fine a sucker who will pay it.
My ethics would not let me rip anyone like that.
But that’s just me.

View PurpLev's profile


8548 posts in 3889 days

#5 posted 10-11-2013 08:19 PM

I think 50% off retail is ridiculous both as a seller and as a buyer. I consider anything at 60% retail to be a gloat.

in this case I think $600 would be a reasonable starting point as a stand alone saw for sale, if you have mobile base+ blades+accessories, $650 as a starting point wouldn’t be unreasonable either (considering you’ll always have the price negotiated down)

-- ㊍ When in doubt - There is no doubt - Go the safer route.

View WhoMe's profile


1564 posts in 3484 days

#6 posted 10-11-2013 09:03 PM

Imo, 50% off is for tools that have been used and abused, rusted badly, missing important parts, not working or are more than 5-6 years old. None of which your rikon seems to be. I’m in agreement with others, and start at $600-650, or maybe try $690 and see what happens.

-- I'm not clumsy.. It's just the floor hates me, the tables and chairs are bullies, the wall gets in the way AAANNNDDD table saws BITE my fingers!!!.. - Mike -

View Joe's profile


185 posts in 3633 days

#7 posted 10-12-2013 12:37 AM

Hey fellers, Thanks for all the opinions. Yea, I think I will list it at 700 and see where it goes. It still looks brand new but it’s time to move on with the Rikon.

-- Senior Chief

View Woodknack's profile


12469 posts in 2620 days

#8 posted 10-12-2013 04:04 AM

50% off retail for a like new machine might be realistic in an economic decline with few buyers and plenty of desperate sellers but around here you’d be a looker, not a buyer.

-- Rick M,

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