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How to price used woodworking machinery2/26
We are a small custom window shop and are closing the business do to retirement. Is there a rule of thumb as to how to price used woodworking equipment for sale.
Congrats on your retirement!
I would keep an eye on auctions and price your equipment a bit higher.
IRS has a search function that will enable you to see what has sold recently by catagory.
Depending on how much equipment you have you might want to auction it. I would speak to IRS auctions in any case to understand what things are worth.
Selling privately you might have a hard time selling the ancillary stuff. Carts, shelves, desks chairs.
I usually consider 50% of new to be a base line for used equipment. Nearly new in great shape might be somewhat higher. Extremely expensive high tech equipment might be somewhat less. Machines that sort of work but in rough shape I consider parts machines and consider to be worth pennies on the dollar of new cost.