Reply by CaptainKlutz

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Posted on Pricing used tools for sale

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1497 posts in 1914 days

#1 posted 02-16-2018 11:10 AM

As others have said, you have to worry about comparable equipment prices, and availability of these tools at time of sale in your local region. If you have luxury of unlimited time to sell, then it is easier to find right buyer, or right time to get a higher price for your used equipment.

In the 4 different states I have bought/sold tools (including Ohio), this is my rule of thumb:
Ask 60% of list, expect to get 40-50% when sold.
This assumes: you bought it new, light use, and like new condition.
Most typical wood working tools will sell for 50-60% of list prices assuming you have time to wait for the sale.
If you desire a quick sale, then asking 40% of list (or 50% of comparable tool list) usually makes things disappear quickly.
If you are 2nd owner of used tools, then average resale rate is about 30-35% of list.

Agree with several others here:
Used Taiwan made 6” long bed jointer can be had for less than $350 by anyone with time to shop for it.
The mortise machine is hard to sell due limited market compared to mortise hand chisel?
Also, Harbor freight used to put their version on sale for $99, and after spending $50 for Jet/Delta mortise bits to replace HF junk bits, they worked pretty well. I see HF units for sale <$100 about once a month in Phoenix. HF no longer sells the mortise machine, but it poisoned local market with <$200 prices regardless of brand for entry level <1HP mortise tool.

Best Luck

-- I'm an engineer not a woodworker, but I can randomly find useful tools and furniture inside a pile of lumber!

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