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- To determine the value of used woodworking equipment, you can123:
- Determine the original price of the equipment and then calculate its depreciation based on age and wear.
- Compare prices of similar used equipment being sold online or at local auctions.
- Consult with professionals in the woodworking industry for their input on pricing.
- Use the general rule of thumb that a used tool is worth 60% of the 'replacement cost', which is defined as the price that you'd pay for the same tool today2.
- Use craigslist & ebay to see what things are going for. Make sure you look at actual sales not just for sale3.
- If equipment is very gently used then 25% off current. If it is more typically used 50% off current price. Heavy use or older models 75% off3.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.One approach is to start by determining the original price of the equipment and then calculating its depreciation based on age and wear. Another option is to compare prices of similar used equipment being sold online or at local auctions. It may also be helpful to consult with professionals in the woodworking industry for their input on pricing.dreamoutdoorliving.com/how-to-price-used-woodw…Just to answer your initial question....the general rule of thumb, as you stated, is a used tool is worth 60% of the 'replacment cost'. Replacment cost is defined as the price that you'd pay for the same tool today. So, I bought an $800 TS 3 years ago that now sells for $1100. The market value is about 60% of the $1100...or about $660.www.finewoodworking.com/forum/pricing-used-toolsIf equipment is very gently used then 25% off current. If it is more typically used 50% off current price. Heavy use or older models 75% off. But you can always use craigslist & ebay to see what things are going for. Make sure you look at actual sales not just for sale.www.finewoodworking.com/forum/value-of-used-m… - People also ask
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