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About 40 years or so ago when I was first getting started I bought a used 6" Delta Rockwell fixed outfeed table jointer for $235, I just sold it for $250. In my experience I have never lost any money on wood working machines, curious what the general experience of others is ?
Factor in inflation, you sold it for about a third of what you paid for it
In my experience you did far better than I ever do. Type and brand of machines has a lot to do with it but $0.50 on the dollar is killing it in my world. Often times ten cents on the dollar. There are a lot of hobby folk out there in the wood world though that will pay darn near full blown retail. Get them in a frenzy at an auction and it's not uncommon to see stuff go for more than retail.
I have a friend who restores Delta Machinery as a part time business. He's rebuilt and restored over 600 machines in the last 45 years. At one time he had waiting lists for nearly anything Delta made. Today he's lucky if he breaks even, if it sells at all. 2 years ago he had 4 , 14" bandsaw sitting ready to sell. He couldn't get an offer over $300. These were restored machines with a new paint job. The all looked like new. It takes weeks for anything to sell. He's selling off his parts inventory on eBay trying to clear everything out. His opinion is that the cheap Chinese machines are preferred by people starting out. Especially for hobby machines like a 6" jointer. He
There was an auction in New Hampshire last week. A Paolini shaper with a nice stock feeder went for $280.
I couldn't bid, because I couldn't set up riggers.
It has been a rule of thumb that used woodworking machinery in good shape may sell for about half the new cost price, except for 3 phase machines have always sold for about 25% of replacement cost, I think primarily because many folks simply don't have 3 phase.
You could have bought a 1000 shares of Apple for $200 40 years ago, with the splits over the years you would have 212000 shares at $137 a share or 29 million with the same $200.
The value in machinery is the labor saved and the quality produced.
I love tools, I have to have everyone I see. I could have retired years ago with a little restraint.
I would guess that the 3 phase stuff is 40 cents on the dollar or a lot less in most cases. Some of the better name brands and current machines sell for a lot more of course.
I have been told by a dealer that all the home handyman equipment like smaller jointers and planers, smaller table saws and lathes have gone crazy since the pandemic started. Small woodworking tools like routers the guy said he canít keep in stock, 8 will arrive and they are gone in a couple days.
Of course all used machinery is only worth what someone is willing to pay for it. How come when I sell something I get .20 on the dollar and when I buy it is .70 ? I just bought a construction borer, it took me 3-4 weeks to find one at a decent price. There were not any decent borers that people did not want an arm and a leg for. People are busy and when they are they tend not to sell their equipment. With the virus out there imports are down remarkably, things are starting to move a little bit, manufacturers can only sit on inventory and not produce for so long. Also chinese/ asian imports have come a long way, some of them are really not bad machines at all, some are still trash