Festool used prices

[live4ever]

I was just having a gander at a used Festool Domino + cutters/dominos on Ebay, with the current bid at $935 plus shipping.  When all is said and done, it will probably sell for $1000 shipped, which is a savings of roughly $150 over new. 

Now, to the sellers' credit (who may be a FOGer), it looks like a well-taken-care-of and well-described unit, but it HAS been used and some of the dominos have been used.

But wow, 90% of new?  Is this normal for used Dominos?  Normal for Festools as a whole?  I know the resale value is quite good with Festool but I thought it was more like 50-75%.
???

This type of return on investment are what I've become accustomed to with high-end camera lenses, not power tools!  It's almost like a liquid asset.

 

[peter halle]

Festools hold their value well, especially if the owner is a hobbyist and babies them.  Ebay auctions can result in used Festools selling for more than new.  It just depends on how adrenaline is flowing.

My Festools are worn, scratched, marked up.  My TS-55 which I got soon after they came out would still probably get 55 to 60% of retail on ebay.

Peter

 

[waho6o9]

It's very much like a liquid asset.  Well put. If the price is close to new on Ebay you might as well purchase new. Your call.  [smile]

 

[Hoover]

There are some good prices here and there but most sell for similar numbers you you saw.  The accessories are something that can be picked up for decent prices at times on ebay.  I don't understand why people pay that much for used tools but hey, it's their money.

 

[ccarrolladams]

Since I started buying Festools in 2006, I have only sold two of them. Early on I bought an OF 2000, which I hardly ever used. There was nothing wrong with it, but I was so comfortable using OF 1010 and router tables for jobs requiring more power, I seldom gave the OF 2000 a fair chance. Then I had the chance to use early OF 2200s while traveling in Europe. The first time after I returned home, even before the OF 2200 was available in the USA, I sold my OF 2000 to a pal who already had one for 60% of the current list price. Both of us felt we made a fair deal.

Sometime later I found I had purchased a second EHL 65E planer, instead of an HL 850 E. A friend I wanted to help needed an EHL 650, so I sold him my unused one for 70% of list price. Again, we both felt we had made a fair deal. In that case I made the discovery of the duplication months after passing the 30 day return opportunity.

The first time I bought several used Festools was in late 2009 and early 2010. I was going forward building my new woodworking shop. In Europe I had used the then new CT26 and CT36. I concluded that in the shop, for me, they were no advantage over the 2 CT22 I already owned. So my cunning plan was to buy several more CT22 so that I only needed to stock one style of bags. Discreetly I made it clear to my favorite and 3 close-by Festool dealers that I was looking for decent working used and former demo CT22. Then as I started hiring the cabinet makers for my shop before the building was ready, I told them that I planned to use CT22s as the mobile dust extractors for Festools which would not use the plant dust collection system. With those fellows I made a pre-order deal. I paid them 85% of the last list price for CT22 and let them continue to use their CT22 until they could replace them with CT26 and CT36 for personal use. That plan brought me 3 more CT22. I only bought 2 CT22 used from dealers. I did pre-order a CT36, which we use for on-site jobs and it still looks brand-new.

In the spring of 2011 after consulting with all my cabinet makers, especially the guy who leads our Frame, Door and Drawer Front department, I purchased 2 Tiger Stops for use with both of the permanently mounted Kapex. The Kapex next to my 550mm radial arm saw was new in February 2010. The other one, across the plant, had always belonged to my Frame Guy. In fact he was just ahead of me in line that midnight when we could take delivery of our first Kapex.

This guys loves the way that individual Kapex performs. All of us understood the complications of bolting down an employee's personal Kapex to work with a measuring system costing 8x the price of the saw. I still believe we made a fair deal. I traded him a brand-new Kapex in its carton for his Kapex. Now he has a Kapex at his home shop he can lovingly adjust and in my shop he is using the Kapex he has adjusted for years.

 

[Kevin Stricker]

I've bought 11 used Festools, all lightly used from hobbiests or Demo units from dealers. The max I have paid is 80% of retail, the demo units I got for 50% of retail. I don't even bother with EBay, it is a waste of time.  Craig's List, FOG, and contacts with my local dealers seems to be the most productive.

I would pass on that deal unless you can see it in person, and probably even then.

 

[RC]

I see the same price for used Festools here in Finland too. In our local auction site beat-up tools fetch regularly 70-90% of new price, which is typically actually more than mail-ordering new tools from Germany with full warranty!

I think Festools are mostly used professionally here by kitchen installers, since everyone I've talked on a building site deems them way too expensive tools to beat-up there. (At least our kitchen was installed with the help of a big stack of systainers and a CS70 [tongue]) Unfortunately I haven't been able to track down where the professionals offload their used ones since 99% of the auctioned ones seem to be from hobbyists and private people who have completed building their house.

 

[agehall]

Prices for used Festools in Sweden vary quite a bit. The PS300 can be found for about $120 if you are lucky (I see about one a month of those). Both TS55:s and RO150:s also appear at bargain prices from time to time but most of the time they are about 70% of the original price.

I've gotten a lot of my Festools as second hands, but nowdays I've gotten to a point where the things I want/need no longer appears on ebay (or the Swedish equivalent) so I'm resorting to buy the tools new. The fact that I know that if I ever decide to sell the tools, I'll get most of my money back is comforting and it also helps convince my wife of the investments. However, deep down inside, I know I won't ever sell a Festool...

 

[rxe]

Given that tool prices are rising more than inflation, it is possible to argue that they can be real investments in the conventional sense.  Never worked it out with Festool, but I could get more for my Stihl MS460 (mid range decent chainsaw) than I paid for it 5 years ago.  It has done a lot of work, but is in perfect condition, there would be no problem getting £600 - £700 on eBay for it, I paid about £550.

 

[gompy58]

mmm, I recently bought a brand new, as in Not used at all, domino set. The whole thing, machine and domino's( all the bags where still closed) and all the support stuff.

paid 700 euro for it. It is the version with the metal pins. If that mathers, dono, but i liked the price.

 

[Timtool]

i bought my RO 150, unused in T-loc for 50% of retail price! But thats a once in a lifetime chance.
I was also "lucky" to get my hands on a used Kapex for €900, still that was allot of money for me at the time. But they are very rare to find used.
I take great care of my tools and try not to scratch them, nor take festools on outdoor job sites.
In some way the high used value is a good thing, as a professional i am not allowed to sell any of my tools within 3 years after purchase for tax reasons. But if after that i decide to upgrade any, i can sell them for a good price, put the money in my pocket and get a new one on the business.

Used tools are not very interesting for professionals though, some around here are trying to sell for 80% of retail value, thats basically with the VAT value left out. So theres no point.

 

[BarBuilder]

I have only rarely seen used Festool items on my local Craigslist sites (Dayton, Cincinnati, Columbus, Indianapolis). Every time I have, the asking price has been very strong. Examples: used Domino in Columbus - asking price $700, used 2700mm rail in Indianapolis $200. I have experienced the same on eBay when searching for a TS55 - all of the auctions seem to end within 80% of the regular retail price. Thats a pretty fantastic resale value for a power tool.

 

[mouppe]

Last night there was a lie Nielsen dovetail marker bid up to $51. I didn't see the end of the auction but the price new is $35.

Now that's bizarre!

 

[ghostofhoward]

I have thought about selling my festool tools after owning them a year or two and buying new tools of the same model to replace them.Just think,for a couple hundred bucks a year you could always keep your warranties up to date on 5-6 tools ;D.That just proves to me that alot of the people who buy festool really cannot afford them,they are so desperate to save just a few dollars they are willing to buy a tool that has been used a couple of years and has little or no warranty left. [unsure]