What's it worth?

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Forum topic by CincyRW posted 12-01-2013 03:25 PM 2150 views 0 times favorited 6 replies Add to Favorites Watch
View CincyRW's profile


156 posts in 1069 days

12-01-2013 03:25 PM

I found a floor standing Ludell drill press, 5/8 capacity, 3/4 hp motor, manufactured in 1984. The guy is asking $60. I know this is probably comparable to a HF machine, but this seems like a pretty good deal to me. Im just getting started in wood working and i think a decent drill press would be darn handy Any throughs on this machine and it’s price?

6 replies so far

View Tedstor's profile


1625 posts in 2052 days

#1 posted 12-01-2013 03:32 PM

From the pictures I found on Google, it appears to be a plain-jane, Taiwanese drill press. Most of those DPs were/are decent machines.
As long as it turns on, the chuck runs smoothly, and the adjustments function, it should serve you just fine. At $60, its probably worth the minimal risk. If nothing else, you could probably clean it up, and re-sell it for $150.

View a1Jim's profile


115172 posts in 2996 days

#2 posted 12-01-2013 03:33 PM

A floor model drill press for $60 sounds good to me.

-- Custom furniture

View IrreverentJack's profile


724 posts in 2262 days

#3 posted 12-01-2013 03:42 PM

If it works and there’s not alot of play in it, it sounds like a good deal. Drill a few holes with it first. -Jack

View TheWoodenBoxes's profile


42 posts in 1075 days

#4 posted 12-01-2013 04:25 PM

My stepdad always said, something is only worth what someone is willing to pay.

View CincyRW's profile


156 posts in 1069 days

#5 posted 12-01-2013 04:46 PM

Thanks folks. Appreciate the perspective.

View MrRon's profile


3891 posts in 2662 days

#6 posted 12-01-2013 07:11 PM

The downside of buying a machine made in China or Taiwan is availability of repair parts. Bearings are usually not a problem. If any parts are broken, they may or may not be repaired. That said, $60 sounds like a good deal as long as it works and doesn’t show any obvious signs of abuse. When buying used iron, it’s best to stick with American. Figure if it has lasted this long, it should last a lot longer. I have a 1939 Delta drill press and is still in perfect condition. It has lasted me over 70 years and there is no reason it won’t last another 70 + years. My Taiwanese Jet cabinet saw is going strong after 30 years and that too will last a long time. A drill press is not a very complicated machine. There is not a lot that can go wrong. The fewer parts involved, the more reliable it is.

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